According to ChainCatcher, Arriba Studio announced the establishment of a new company "Arriba Studio Z" to enhance investment functions. Since its establishment in 2022, Arriba Studio has invested in 19 Web3 projects, many of which have been successfully listed in Japan.

Due to the increased demand for support from Web3 startups, the new company plans to invest $20 million (about 3 billion yen), about double the amount of the first company, with the aim of providing more support for projects in Japan and overseas.

Arriba Studio Z's first investment was in US Web3 fund Neoclassic Capital, which also included Double Jump.tokyo. Neoclassic Capital's investors also include a16z co-founder Marc Andreessen.