Japanese mobile game developer DeNA has added $27.5 million to a new strategic investment fund for social games. The fund is called Incubate Fund Number 1 Limited Partnership. The investment effectively gives DeNA an 83.3% stake in the new fund.
The fund's stated goal is to find and invest in new enterprises that drive social media, with preference given to game developers that DeNA can include in its Mobage Town platform. The fund will seek out enterprises that are seeking funding at the seed level or other stages.