Asia-Pacific

With the Tokyo-based financial group as an anchor investor, Across plans to invest in more than 20 micro VCs focused on AI, fintech and blockchain, climate and health tech.

By opening an office in Japan, the US VC firm plans to expand its relationships with Japanese corporates positioned to benefit from Japan's nation space agency's commitment of $6.7bn to a 10-year space fund.

Atlas Venture, Bain Capital, CPP Investments, RTW Investments and Jiangsu Hengrui Pharmaceuticals have invested $1bn in the company, which makes weight-loss injectables.

A total of 127 women-led venture capital funds closed on a combined $2.45 billion in 2025, according to Venture Capital Journal's exclusive research.

We have updated our exclusive directory of more than 400 women-led venture capital firms from around the world.

The largest known VC fund commitment in 2025 was $225m – 38% less than the biggest known commitment of the previous year.

The appointment reflects expanding demand for entrepreneurial ecosystem development and AI readiness across emerging markets.

Limited partners include AMB Holdings, Builders Vision, Cisco Foundation, Stray Works and Australian impact investing firms Understorey Ventures and Wedgetail.

Fundraising for the global venture capital industry totaled $80.1bn in 2025, down 38% from the previous year, according to Venture Capital Journal research.

Funding to AI-related start-ups spiked 75% to $203bn from 2024, with foundation model companies representing 40% of that globally and US companies dominating.