Crooz, the Japan-based owner of fashion e-commerce platform Shoplist, has formed an investment arm called Seven Woods Investment for which it plans to raise ¥2bn ($18m), The Bridge has reported.
The company plans to put funding into unit but will also source capital from external investors. Each deal will be structured as an investment partnership but Crooz intends to provide ¥10m to ¥30m for each deal.
Reo Kasai, founder and formerly managing partner of venture capital fund IF Angel, will oversee the unit’s investments.