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Peter Thiel’s Founders Fund Backs $130 Million Japan Tech Fund

(Bloomberg) -- Billionaire Peter Thiel’s Founders Fund is backing a new $130 million vehicle by Coral Capital to invest in Japan’s technology startups as the country shakes off its image as a tough place for entrepreneurs.Coral Capital’s third fund will focus on early-stage financing from seed to Series A, founding partner and Chief Executive Officer James Riney said in an interview. Initial round investments will range between 30 million yen and 500 million yen ($270,000 to $4.5 million) and up