Folio grabs $16m for theme-based investing

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Japanese online asset management platform Folio has picked up $16m in a Series A round of investment.

The funding for the Tokyo-based company comes from JAFCO, Monex Ventures, Mitsui Sumitomo Insuarance Venture Capital and Rakuten Fintech Fund.

Existing investors DCM Ventures and Draper Nexus also participated.

Founded at the tail end of 2015, Folio aims to make asset management more accessible through theme-based stock investment models and robo-advisor enabled asset management.

The company claims the platform’s theme-based stock picks are 60% algorithm and 40% human generated at present.

Users can invest as little as $880 each time.

Folio says the capital will be used for marketing as well as product development hiring with the aim of launching its platform in the spring.

The funding follows a $2.7m round raised by the company in a Seed round last March.

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