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Investments

28

Portfolio Exits

1

Funds

1

About Asahi Medialab Ventures

Asahi Medialab Ventures is the VC arm of Asahi Media Group.

Asahi Medialab Ventures Headquarter Location

5 Chome-3-2 Tsukiji, Chūō-ku Asahi Shimbun

Tokyo, 104-8011,

Japan

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Asahi Medialab Ventures Web Traffic

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Asahi Medialab Ventures Rank

Latest Asahi Medialab Ventures News

Dating service East Meet East raises $4M to develop AI matching and expand into Asia

Apr 12, 2018

East Meet East , a New York-based matchmaking service focused on connecting Asian people in the U.S., is expanding its focus to go after dating opportunities in Asia after it raised a $4 million Series A funding round. The money comes from existing backer 500 Startups and new investors Asahi Medialab Ventures, DG Lab Fund (a joint effort from Japan’s Digital Garage and Daiwa Securities), Mobile Internet Capital, internet ad firm Septeni . The startup previously raised $1 million in November 2016 . East Meet Eat CEO  Mariko Tokioka told TechCrunch in an interview that the company is testing a service in the Philippines with a view to expanding across other Southeast Asian markets, which could potentially include Malaysia, Thailand, Singapore and Indonesia. The immediate next step would be a fuller launch in the Philippines — which was selected due to its close following of U.S. culture — with the potential for local offices to open in the region further down the line. Unlike its core product in the U.S. — which matches Asian men and women; men pay but women use the service for free — East Meet East’s Southeast Asia -based offshoot is aimed at matching people of all races, hence it is called West East Dating. “Matching Asian people in North America is still our main product, but 60 percent of the world’s population is in Asia so in order for us to become a much bigger company and help more people find their life partner, it makes sense to enter Asia,” Tokioka explained to TechCrunch. Beyond the expansion, the company is also working to enable smarter matching. That’s where DG Lab Fund — which is backed by well-known Japanese firm Digital Garage, which has worked with the likes of Twitter and Square — comes into play. DG Lab is developing an artificial intelligence engine in partnership with companies — a number of which it has invested in — and East Meet East is among those that signed up to provide data that enables the AI engine to learn and develop. (Tokioka pointed out that data is anonymized when we raised the question.) So, essentially, DG Lab gets more data to crunch to build its smarts, and East Meet East gets an enhanced AI system that will help its product work better for users, in theory at least. “Matching and AI are undoubtedly a natural fit. Users are constantly acting and interacting on the matching platform, which provides an abundance of data for Love.AI to refine its learning,” DG Lab Fund partner Masahito Okuma said in a statement.

Asahi Medialab Ventures Investments

28 Investments

Asahi Medialab Ventures has made 28 investments. Their latest investment was in EME Hive as part of their Series A on November 11, 2021.

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Asahi Medialab Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/25/2021

Series A

EME Hive

$7M

Yes

2

10/12/2021

Convertible Note

Kakutoku

$3.52M

No

3

9/15/2021

Unattributed VC

IJGN

Yes

2

7/19/2021

Series A

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$99M

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10

8/24/2020

Series A

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$99M

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10

Date

11/25/2021

10/12/2021

9/15/2021

7/19/2021

8/24/2020

Round

Series A

Convertible Note

Unattributed VC

Series A

Series A

Company

EME Hive

Kakutoku

IJGN

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Amount

$7M

$3.52M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

3

2

10

10

Asahi Medialab Ventures Portfolio Exits

1 Portfolio Exit

Asahi Medialab Ventures has 1 portfolio exit. Their latest portfolio exit was Minacolor on October 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/22/2021

Acquired

2

Date

10/22/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

2

Asahi Medialab Ventures Fund History

1 Fund History

Asahi Medialab Ventures has 1 fund, including Asahi Media Group I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/7/2017

Asahi Media Group I

Multi-Stage Venture Capital

$18.07M

1

Closing Date

8/7/2017

Fund

Asahi Media Group I

Fund Type

Multi-Stage Venture Capital

Status

Amount

$18.07M

Sources

1

Asahi Medialab Ventures Team

2 Team Members

Asahi Medialab Ventures has 2 team members, including current Chief Executive Officer, President, Hiroshi Nozawa.

Name

Work History

Title

Status

Hiroshi Nozawa

Chief Executive Officer, President

Current

Satoru Takada

Chief Executive Officer

Former

Name

Hiroshi Nozawa

Satoru Takada

Work History

Title

Chief Executive Officer, President

Chief Executive Officer

Status

Current

Former

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