Arriba Studio establishes a new company, planning to invest 20 million dollars to promote Web3 projects

ChainCatcher news, Arriba Studio announced the establishment of a new company "Arriba Studio Z" to enhance investment capabilities. Since its founding in 2022, Arriba Studio has invested in 19 Web3 projects, several of which have successfully gone public in Japan.

Due to the increasing demand for support from Web3 startups, the new company plans to invest $20 million (approximately 3 billion yen), which is about twice that of the first company, aiming to provide more support for projects in Japan and overseas.

Arriba Studio Z's first investment is in the American Web3 fund Neoclassic Capital, with Double Jump.tokyo also participating in this investment. Investors in Neoclassic Capital include a16z co-founder Marc Andreessen.