Japan’s gumi Launches $30M Blockchain VC Fund Led by Miko Matsumura

Tokyo-based mobile gaming publisher gumi Inc. is launching a $30 million fund to invest in cryptocurrency and blockchain technology companies worldwide, Founder and CEO Hironao Kunimitsu.

The new fund, called gumi Cryptos, has made initial investments in several projects, including Basis, Origin Protocol, Robot Cache, and Pryze. It plans to offer portfolio companies a strategic venture capital investment partner with access to the Japan cryptocurrency market through its network of investors and management board.

With an initial investment of $30 million, gumi Cryptos is led by proven operators Hironao Kunimitsu, Founder and CEO of gumi Inc., and Miko Matsumura, founder of US-based virtual currency exchange Evercoin. Matsumura is a Venture Partner at BitBull Capital and an advisor at Arrington XRP Capital. He is an investor in Lyft, FileCoin, Brave, CIVIC, Basecoin, Propy, Polymath and more.

Matsumura has also served as an advisor to over a dozen ICOs and startups, having raised over $250 million to date for companies such as Bee Token (Decentralized AirBnB) and Celsius Network (Crypto Lending Platform). The full list is available at http://miko.com.

Matsumura said, “Having advised top global cryptocurrency startups alongside some of the best investors in the world, I’ve come to realize that all of them struggle to break into Japan, the largest cryptocurrency market in the world. I’m excited to join gumi and their well-respected network in Japan.”

This new fund gives Matsumura an inside track to take his learnings from blockchain tech companies and pair them with the consumer behavior data of gumi Inc.

Some facts about the Japan market:

  • Japan is the third largest economy in the world
  • Japan was the first country to legalize Bitcoin
  • As of January 15, 2018, Japanese Yen accounts for 56.2% of Bitcoin (BTC) volume, according to coinhills.com. Yen is followed by U.S. dollars at 28.4%, while all others account for 15.4%.
  • As of May 29, 2018, the Japanese Yen accounted for over 65% of total Bitcoin (BTC) daily trading volume.

Kunimitsu said, “We decided to create a fund that enables us to engage more directly with early-stage blockchain and cryptocurrency startups, in order to be more effective partners and have a real impact in the market. Our team brings tremendous expertise in emerging technology, and with gumi Cryptos, we can truly partner with these companies as they achieve amazing results for all stakeholders.”

For more information, visit http://www.gumi-cryptos.com.

About gumi Inc.
Founded in 2007, gumi Inc. (Tokyo Stock Exchange: 3903) is a leading global mobile game publisher and developer headquartered in Japan, with overseas operations in France, Korea, Singapore, Taiwan and the United States. The company has proven success in launching titles worldwide, such as the widely popular role-playing games Brave Frontier and THE ALCHEMIST CODE. In 2016, gumi established a Silicon Valley-based investment group with partners, called The Venture Reality Fund, which focuses on seed and early stage augmented reality and virtual reality startups. Additionally, its VR incubation subsidiaries have expanded globally, including Tokyo XR Startups, Seoul XR Startups, and Nordic XR Startups. With ongoing publishing and development projects on a wide array of mobile, AR and VR platforms, gumi aims to change the world through innovative entertainment products and services, including both original content and collaborations with popular IP. For more information, please visit http://www.gu3.co.jp/en/.