Rice Capital launches its first $15M fund
*Rice Capital Fund Gp I, LLC*
Press release: August 28, 2024
**
Rice Capital launches its first $15M fund
* Venture capital firm Rice Capital (California, USA, Representative: Taro Fukuyama) has established its first fund of $15 million. *
* ■About Rice Capital*
Rice
Capital is a fund that invests in Japanese and American startups. Taro Fukuyama, who had experience in entrepreneurship and M&A in Silicon Valley, launched it as a solo GP in 2024. In America, Y
We will invest mainly in Combinator graduates, and in Japan we plan to invest mainly in startups in the seed to series B stages.
I also wrote down my thoughts in this note.
https://note.com/tarofukuyama/n/n1926ce9572a8
* ■Rice Capital No. 1 Fund Overview*
Name: Rice Capital Fund I, LP,
Establishment date: July 2024
Fund size: $15M (can raise up to $25M)
Investment stage: Seed to Series B
Investment amount: Can invest from 30 million yen to 100 million yen
* ■Investors (titles omitted, some listed)*
– Y Combinator Founder Paul Graham
– Jason Lemkin, Founder, SaaStr
– Zuora Founder Tien Tzuo
– Fond Co-Founder Sunny Tsang
– Teruhide Sato, Founder of Beenext
– TreasureData Co-Founder Hiroyuki Yoshikawa
– Ryo Ishizuka, co-founder of Mercari
– Entrepreneur and Angel Investor Nobuhiro Ariyasu
*Representative Partner Profile*
Taro Fukuyama
Founded Fond in the United States in 2012, which provides welfare SaaS. Salesforce, Facebook,
Serving customers including Visa. The company is Y Combinator, Andreessen Horowitz,
Receive investment from DCM. Sold to Edenred in 2023. Invested in Japanese and American startups as an angel investor. SmartHR, Outside Director of Knowledge Work.
* [We are looking for investment targets] *
Rice
Capital plans to actively invest in domestic startups. If you are considering raising seed to Series B funding, we would be happy if you could contact us using the contact information below.
* contact address*
– X/Twitter: https://x.com/taro_f
– Linkedin: https://www.linkedin.com/in/tarof/
– Meta/Facebook: https://www.facebook.com/tarof
– Email: hello@ricecapital.vc