Japan-based venture capital firm Digital Base Capital has added real estate technology producer GA Technologies to the roster of limited partners for its inaugural fund, Digital Base Capital No 1.
The firm launched in July 2019 with a fund targeting a ¥1bn ($9.4m) close and had at that time signed up property developer Heiwa Real Estate and Yoshimo Ito, founder of real estate software developer Itanji, as LPs.
The fund is the first in Japan solely dedicated to real estate technology developers, with a focus on those catering to the financial and healthcare sectors. It will concentrate on seed-stage companies and has an investment horizon of 10 years.
GA Technologies provides a range of artificial intelligence-based tools that facilitate the rental, mortgage, purchase, renovation and investment processes.
The coprorate’s decision to invest in the fund follows its flotation on the Tokyo Stock Exchange’s Mothers market in 2018 and subsequent interest in backing and acquiring startups.
