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Coral Capital closes third fund with $128M for startups in Japan

TechCrunch

Coral Capital , a Tokyo-based venture capital firm, announced today that it has closed its third fund, Coral Capital III, raising $128 million (14 billion yen). we also allocated a significant portion of our latest fund for follow-on investment,” Riney said. LINE Ventures merges with YJ Capital, launches $271M fund.

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SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan  

TechCrunch

Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. million users downloaded the Riiid Tutor app in South Korea and Japan.

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The U.S. is building a gas station in space

Mashable Tech

This Department of Defense-funded mission will see Astroscale's 660-pound craft refuel a satellite with the propellant hydrazine, then maneuver to a fueling depot to fill up with more fuel, and then refuel another asset. The high-altitude endeavor, undertaken by the orbital servicing enterprise Astroscale U.S.,

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Japanese e-commerce enabler AnyMind raises funding in equity, debt for acquisitions

TechCrunch

Japanese commerce enabler AnyMind , which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and globally. The Series D funding, which brings its total funding to date to approximately $91.7

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Japan puts new restrictions on stablecoins

The Verge

Japan is proposing new restrictions that would only allow banks and wire transfer services to issue stablecoins, first reported by Nikkei Asia. Japan also plans on launching a yen-based cryptocurrency in 2022. Illustration by Alex Castro / The Verge.

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Japan will provide more public subsidies to Kioxia and Western Digital for NAND memory chip manufacturing

TechSpot

Japan's industry minister, Ken Saito, recently announced a substantial increase in public funding to support Kioxia and Western Digital's chip business. These two major memory manufacturing companies are planning to boost chip production in Mie and Iwate prefectures, anticipating significant growth in the memory business.

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Korean micromobility startup Swing grabs $24M for growth, expands to Japan 

TechCrunch

Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others.

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