Ex-ngi To Set Up The First Venture Fund

Hiroyuki Watanabe, ex general manager of ngi group, a listed internet-focused investment company, founded B Dash Ventures Inc. and set up a "B Dash Fund" which targets a 2.5 billion yen in size by 2012. So far the committed LPs are NTT Investment Partners, NEC Biglobe, Gree, Septeni Holdings, and Mitsubishi UFJ Capital. The B Dash Fund invests in mainly internet-related start-ups and venture companies.