Nissay Capital, the corporate venture capital arm of Japan-based insurance provider Nippon Life, has chosen six companies for the third autumn batch of its accelerator, 50M.
The participants include a startup called Compass, multilingual business data aggregator Datazora and Eifer (Ger Japan), which provides Mongolia-focused direct-to-consumer services and products.
The roster was filled out by Michele, which designs marketing campaigns based on online consumer behaviour analyses; Mined, a company that intends to offer exam preparation courses; and photographic portrait studio operator Studio Nowhere.
Each team will receive up to ¥50m ($470,000) of seed capital after completing the four-month programme. A demo day is scheduled to take place in March 2021 alongside the third spring cohort revealed in July 2020.
Nissay Capital and 50M have so far jointly invested some ¥4.7bn in series A funding across 17 graduates to date.
