500 Startups has raised more than $19.5 million for a $30 million targeted fund focused on Japan, according to a regulatory filing. The filing for 500 Startups JP lists co-founders Dave McClure and Christine Tsai, as well as James Riney, who heads up 500 Startups Japan.

The fund was launched in February and has raised the initial close from 16 investors, according to the latest filing.

Riney previously was principal with DeNA‘s venture arm and before that was founder and CEO of ResuPress in Tokyo.