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East and west invest in startups together as Japanese firm Digital Garage funds Betaworks


Betaworks, the New York-based startup factory that bought social news aggregator Digg in 2012, has received investment from Japanese company Digital Garage. Together, the companies will jointly invest in and accelerate both Japanese startups keen to push their business abroad, and foreign startups aiming to expand into Japan. The deal will see Betaworks receive $10 million, with $7.5 million coming from Digital Garage, and $2.5 million reportedly coming from angel investors. Digital Garage has experience in helping foreign companies move into the Japanese market.

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