The Venture Codex Logo

The Venture Codex

Cocone Corporation

3-1-18 Wakabayashi, Setagaya-ku, Tokyo, Tokyo, 154-0023, Japan

Overview

With over 130 million users, Cocone is at the forefront of avatar and digital fashion creation. Established in 2008 in Japan, Cocone now employs over 1,100 people in 7 countries worldwide. Cocone and its eight subsidiaries have built a broad portfolio of award-winning apps and supporting technology to help people express themselves via digital worlds (metaverses). From creating unique fashion looks to styling your avatar and participating in Peer-to-Peer (P2P) marketplaces - Cocone’s ever-expanding ecosystem connects users with the world on their terms.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
3

Sector focus

  • Gaming
  • Language Learning
  • Metaverse
  • Mobile Apps
  • Social Network
Visit website

Investment portfolio

  • Haru Invest

    Led · Equity · Sep 2022

    Haru Invest is a CeFi digital asset management platform headquartered in Singapore and founded in South Korea, led by CEO Hugo Lee. The company offers three core crypto investment products — Haru Wallet, Haru Earn Plus and Haru Earn Explore — and supports Bitcoin, Ether and Tether. Haru reports $2 billion in total transaction volume and has users in over 140 countries. It has built a bridge between decentralized crypto services and traditional finance and recently launched Haru Freeze Marketplace to let users liquidate products before lockup ends. The company raised $4M at a $284M valuation and plans to use the funds to support global expansion, licensing and talent acquisition.

  • Hyperithm

    Participated · Series B · Aug 2021

    Hyperithm provides digital asset management and brokerage services dedicated to institutional investors and high-net-worth individuals. Founded in January 2018 and based in Tokyo, Japan and Seoul, South Korea, the company focuses on regulated digital-asset services. It recently obtained a VASP (Virtual Asset Service Provider) license from the Korea Financial Intelligence Unit and completed notification as an operator of SPBQII to Japan's Financial Services Agency. The leadership team includes co-founders who are an ex-Morgan Stanley investment banker and a serial entrepreneur, and the engineering team includes International Math Olympiad medalists. In March the company appointed an ex-Managing Director of Mirae Asset Global Investment as CFO, strengthening its management. Hyperithm has also raised follow-on funding as part of a bridge round from Coinbase Ventures; the amount was not disclosed. Hyperithm provides digital asset management and execution brokerage services dedicated to institutional investors and high net-worth individuals, including publicly listed companies, family offices, venture capital firms, crypto exchanges and miners. Founded in January 2018 by Lloyd Lee and Sangrok Oh, the company is based in Tokyo, Japan and Seoul, Korea. Its core offerings focus on automated trading and risk management, with trading and risk algorithms developed primarily in Rust. The firm emphasizes performance and safety through its algorithmic infrastructure. Hyperithm raised $11M in a Series B funding round and intends to use the proceeds to continue expanding operations and its business reach. The team targets institutional-grade digital-asset services rather than retail products.

Team

  • Isao Kinari

    Founder, President & CEO

  • Heedong Yoo

    CTO

    LinkedIn
  • Li Xiufu

    Auditor