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Top 50 Climate Startup Investors in Japan (June 2026)

The most active venture capital funds and angel investors investing in Japan Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Japan Climate startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Mitsubishi UFJ Capital
VC Fund
31 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $2M–$397M
SMBC Venture Capital
VC Fund
26 Japan, United States, Singapore Series A, Series B Information Technology, Health Care, Software $5M–$425M
UntroD Capital
VC Fund
23 Japan, Singapore, Austria Seed, Series A Manufacturing, Biotechnology, Medical $2M–$241M
Incubate Fund
VC Fund
22 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $362k–$113M
Global Brain Corporation
VC Fund
21 Japan, United States, United Kingdom Series A, Series B Software, Information Technology, Artificial Intelligence $3M–$369M
Mizuho Capital
VC Fund
20 Japan, United States, China Series A, Series B Information Technology, Software, Internet $2.7M–$850M
Real Tech Japan
VC Fund
16 Japan, Singapore, Austria Series A, Seed Manufacturing, Biotechnology, Medical $5M–$241M
ANRI
VC Fund
15 Japan, United States, India Seed, Series A Software, Health Care, Information Technology $1M–$624M
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund
11 Japan, United States, India Seed, Series B Software, Information Technology, Health Care $1.6M–$198M
ANOBAKA
VC Fund
11 Japan, United States, India Seed, Series A Software, Information Technology, Artificial Intelligence $522k–$99M
DBJ Capital
VC Fund
11 Japan, United States, Australia Series A, Series B Software, Medical, Health Care $4M–$510M
Miraidoa
VC Fund
10 Japan, United States, Myanmar Seed, Series A Health Care, Manufacturing, Information Technology $933k–$125M
Nissay Capital
VC Fund
10 Japan, United States, Ethiopia Seed, Series A Health Care, Information Technology, Medical $709k–$77M
JAFCO
VC Fund
9 Japan, United States, Israel Series A, Series B Information Technology, Software, Artificial Intelligence $2.7M–$425M
SBI Investment
VC Fund
9 Japan, United States, South Korea Series B, Series A Information Technology, Software, Financial Services $4.8M–$283M
Genesia Ventures
VC Fund
9 Japan, Vietnam, Indonesia Seed, Series A Information Technology, Software, Health Care $788k–$68M
Energy & Environment Investment
VC Fund
9 Japan, United States, Sweden Series A, Series B Energy, Internet of Things, Software $2.4M–$553M
Spurcle
VC Fund
8 Japan Seed, Series A Artificial Intelligence, Agriculture, Manufacturing $645k–$142M
MIRAI SOUZOU
VC Fund
8 Japan Series A, Seed Software, Manufacturing, Robotics $1.7M–$500M
QB Capital
VC Fund
8 Japan, Singapore, United States Seed, Series A Manufacturing, Medical, Biotechnology $641k–$400M
Keio Innovation Initiative
VC Fund
8 Japan, United Kingdom Series A, Seed Health Care, Medical, Biotechnology $1.5M–$400M
XTech Ventures
VC Fund
8 Japan, Italy, United Arab Emirates Seed, Series A Software, Information Technology, Artificial Intelligence $1.4M–$142M
MTG Ventures
VC Fund
7 Japan Seed, Series A Health Care, Marketing, Manufacturing $2.6M–$142M
Spiral Capital
VC Fund
7 Japan, United Kingdom Series A, Series B Software, Information Technology, Internet $746k–$928M
Delight Ventures
VC Fund
7 Japan, United States, South Korea Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $429k–$500M
Drone Fund
VC Fund
7 Japan, United States, Canada Seed, Series A Drones, Robotics, Aerospace $2M–$213M
NOBUNAGA Capital Village
VC Fund
7 Japan Series A, Seed, Series B Manufacturing, Content, Robotics $885k–$928M
Japan Science and Technology Agency
VC Fund
7 Japan Series A, Seed Medical, Biotechnology, Manufacturing $1.7M–$255M
Mirai Creation Fund
VC Fund
6 Japan, United States, Israel Series B, Series A Robotics, Information Technology, Artificial Intelligence $4M–$369M
Tohoku University Venture Partners
VC Fund
6 Japan Series A, Seed, Series C Medical, Manufacturing, Health Care $349k–$240M
Osaka University Venture Capital
VC Fund
6 Japan Seed, Series A Biotechnology, Health Care, Manufacturing $7.1M–$142M
FFG Venture Business Partners
VC Fund
6 Japan, Indonesia, United States Series A, Seed Software, Health Care, Artificial Intelligence $1.2M–$113M
DIMENSION
VC Fund
5 Japan, India, Romania Series A, Series B Artificial Intelligence, Content, Manufacturing $895k–$1.1B
UTokyo Innovation Platform
VC Fund
5 Japan, United States, United Kingdom Series A, Series B Biotechnology, Medical, Manufacturing
Japan Finance Corporation
VC Fund
5 Japan, India, Hong Kong Debt Financing, Seed Software, Information Technology, Internet $2.1M–$142M
Nippon Venture Capital
VC Fund
5 Japan, United States Series A, Series B Software, Health Care, Medical $3M–$425M
UNITED
VC Fund
5 Japan, Nigeria, Indonesia Seed, Series A Apps, Software, Media and Entertainment $980k–$89M
Hiroshima Venture Capital
VC Fund
5 Japan Series B, Seed E-Commerce, Manufacturing, Food and Beverage $1.5M–$170M
UTEC - The University of Tokyo Edge Capital Partners
VC Fund
5 Japan, United States, India Seed, Series A Health Care, Biotechnology, Medical $3.1M–$85M
Innovation Network Corporation of Japan
VC Fund
5 Japan, United States, United Kingdom Series B, Series A Manufacturing, Software, Robotics $5M–$369M
Miyako Capital
VC Fund
5 Japan, United States, United Kingdom Series A, Seed, Series B Medical, Biotechnology, Information Technology $5.6M–$3B
Coral Capital
VC Fund
5 Japan, United States Seed, Series A, Series B Software, Information Technology, SaaS $384k–$928M
Kyogin Lease & Capital
VC Fund
5 Japan Series A, Series B Medical, Manufacturing, Task Management $6.1M–$340M
Z Venture Capital
VC Fund
4 Japan, South Korea, United States Seed, Series A, Series B Information Technology, Software, Content
Mint
VC Fund
4 Japan Seed, Series A Artificial Intelligence, Information Technology, Apps
Fundinno
VC Fund
4 Japan, France Equity Crowdfunding, Product Crowdfunding Information Technology, Content, Health Care $1.9M–$8.4M
Universal Materials Incubator
VC Fund
4 Japan, United States, New Zealand Series A, Seed Manufacturing, Biotechnology, Chemical
NCB Venture Capital
VC Fund
4 Japan Seed, Series B, Series A Artificial Intelligence, Recycling, Manufacturing
OKB Capital
VC Fund
4 Japan Series A, Seed Artificial Intelligence, Machine Learning, AgTech
STRIVE
VC Fund
4 Japan, India, Indonesia Seed, Series A Software, Internet, E-Commerce $800k–$142M
Access all 50 investors in Japan Climate startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 31 investments in Japan Climate startups

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 462
  • Round size: Series A $2M–$113M; Series B $6.4M–$397M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • Sotas — Sotas provides services to chemical trading companies and bridges the gap between raw material producers and consumers.
  • PartnerProp — PartnerProp is a PRM tool with outstanding potential and a wide variety of capabilities that resolves all partner business difficulties.
  • Infobox — Infobox is a sales data platform that includes every detail from market research to creating a list of companies and contacting decision-makers.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 26 investments in Japan Climate startups

Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking. They are also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. The following lists the activities of SMBC, its subsidiaries andaffiliates in the various business segments.

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Investment focus

  • Industry: Information Technology, Health Care, Software
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 485
  • Round size: Series A $5M–$170M; Series B $7.4M–$425M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Metro Weather — Metroweather is a venture from Kyoto University that develops a high-performance Doppler lidar that measures the direction and speed of wind several tens of kilometers away from minute movements of fine particles in the atmosphere. We aim to contribute to the safety of the sky by completing a three-dimensional wind map, which has never beenrealized,based on years of research at the Kyoto University Research Institute for Sustainable Areas.
  • Good News — Good News is a staffing agency that provides recruitment, public relations, and human resource management services.
  • Okuma Diamond Device — Ookuma Diamond Device Co., Ltd. | Creating a next-generation semiconductor industry from Japan, driven by the mission to support the decommissioning of Fukushima Daiichi Nuclear Power Plant.
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UntroD Capital
VC Fund · Sumida, Tokyo, Japan · 23 investments in Japan Climate startups

UntroD Capital is an R&D-based innovative technology that specializes in social implementation.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 119
  • Round size: Seed $2M–$43M; Series A $2.1M–$241M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • CastBio — Castbio specializes in antibody-drug conjugate-based drug discovery research and development. Along with medications, it also creates research reagents, medical equipment, in vitro diagnostic items, and offers drug discovery consulting.
  • Illumi Medical — Illumi Medical is a manufacturing company that produces medical equipment and devices for the healthcare sector.
  • Reborna Biosciences — Reborna Biosciences provides research and development in the field of genetic diseases. The company develops therapeutic options for area of unmet medical needs in genetic rare disease. The company's technology enables low-molecular compounds to target ribonucleic acid. The company provides new disease-modifying drugs for patients sufferingfrom rare genetic diseases including spinal muscular atrophy.
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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 22 investments in Japan Climate startups

Incubate Fund is an independent early-stage venture capital that specializes in providing capital to technology startups at the seed stage. The firm built a portfolio of over 300 companies in Asia, taking 12 companies to public and 20 companies to M&A exit since 2010.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 269
  • Round size: Seed $362k–$46M; Series A $5.2M–$113M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $2.4B in 2021

Portfolio highlights

  • Letara — Letara operates a space technology platform with the intention to serve a logistics network covering the solar system. The company produces hybrid propulsion engines for small spacecraft, promoting groundbreaking advances in space propulsion with high thrust, safe, and inexpensive propulsion system technology.
  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Black Cat Carnival — Black Cat Carnival Inc. is a communication service development company.
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Global Brain Corporation
VC Fund · Tokyo, Tokyo, Japan · 21 investments in Japan Climate startups

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups. Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain hasmanaged a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 509
  • Round size: Series A $3M–$142M; Series B $4M–$369M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Near Intelligence — Near, the world’s largest source of intelligence on People, Places, and Products is the global leader in Data Intelligence empowering organizations of all sizes to make smart, strategic decisions delivering optimal business performance. We unite Marketers and Operational data leaders by providing the most accurate, reliable source of data thatdelivers actionable insights on People, Places, and Products in both the physical and digital space.Near is backed by leading investors including Sequoia Capital, JP Morgan Private Equity Group, Cisco Investments and Telstra Ventures. Visit www.near.com to find out more.
  • Otetsutabi — Otetsutabi is a regional revitalization platform that offers the opportunity for participants to help at accommodations and breweries in rural areas that struggle with seasonal labor shortages. The locals offer transportation expenses and places to stay in return, so participants can travel to the areas with ease.
  • Supercritical — We partner with industry to move and think beyond fossil fuels with innovative clean technology solutions.
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Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 20 investments in Japan Climate startups

Mizuho is the venture capital firm affiliated to Mizuho Bank, the second-largest Japanese bank in terms of assets. The firm has headquarters in Tokyo.The firm has ¥49.6 billion JPY under management, focusing on information technology and biotechnology investments. Over 600 Mizuho companies have gone public. According to Nikkei, Mizuho is thefifth-largest venture capital firm in Japan.Mizuho Capital was formed in 2002 by the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment. Three firms were subsidiaries of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan respectively.

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Investment focus

  • Industry: Information Technology, Software, Internet
  • Stage:Series A, Series B
  • Geography: Japan, United States, China

Investor stats

  • Total investments: 418
  • Round size: Series A $2.7M–$156M; Series B $3.8M–$850M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • Logiless — Logiless is a cloud type all-in-one software dedicated to net shop. Since both orders and stocks can be managed together in a logical manner, efficiency of operations can be realized at low cost.
  • ARCS — ARCS specializes in developing assisted reproductive medical devices using robotics and artificial intelligence technology.
  • OpenHeart — OpenHeart is a provider of the tactile 3D platform.
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Real Tech Japan
VC Fund · Sumida, Tokyo, Japan · 16 investments in Japan Climate startups

Real Tech Japan is a venture capital firm that seeks to invest in innovative R&D technology companies. Realtech Fund is a joint venture between the Ministry of Economy, Trade, and Industry and NEDO (New Energy and Industrial Technology Development Organization). The firm was founded in 2014 and based in Tokyo, Japan.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Medical
  • Stage:Series A, Seed
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 79
  • Round size: Seed $5M–$43M; Series A $6M–$241M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Ashirase — Ashirase is a developer of a walking navigation system for the visually challenged. The company assists visually impaired people in walking independently. This also allows the user to have more attention to spare for audible warnings in their environment. It includes voice input and guidance via a smartphone app. A vibration interface is attachedto their shoes.
  • Ken Robotec — Ken Robotec is a construction company that provides labor-saving solutions.
  • MaterialGate — MaterialGate focuses on single-molecule dielectrics, developing technologies for devices with better electronic characteristics.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 15 investments in Japan Climate startups

ANRI is a Japanese venture capital firm that mainly invests in seed and early-stage startups.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 235
  • Round size: Seed $1M–$94M; Series A $6.1M–$624M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Fondi — fondi is a completely new English conversation communication service that allows you to live a virtual communal life with the world.
  • Taian — Taian, which specializes in bridal industry services and software. They also provide ''Concept Marry,'' which allows couples to design invites and seating charts that match their wedding theme, as well as display guest information on Oiwaii.
  • Knowledge Work — Knowledge Work specializes in the development and sales of software for companies.
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MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund · Tokyo, Tokyo, Japan · 11 investments in Japan Climate startups

MSIVC is a venture capital firm that invests in Japanese and global startups scaling to IPO. It focuses on startups in verticals of Fintech, SaaS, Healthcare, AI, E-Commerce, Foodtech, and Environment etc.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 202
  • Round size: Seed $1.6M–$56M; Series B $1.8M–$198M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $1.4B in 2021

Portfolio highlights

  • Pale Blue — Water propulsion systems for sustainable space development
  • SPACER — SPACER is a 24-hour handover IoT locker that can open and close doors with a smartphone.
  • Gaudi Clinical — Gaudi Clinical is a health care firm that engages in regenerative medicine outsourcing and cell processing contract establishments.
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ANOBAKA
VC Fund · Shibuya, Kanagawa, Japan · 11 investments in Japan Climate startups

ANOBAKA is a Tokyo-based venture capital firm with rich group resources to add value to seed-stage startups. ANOBAKA actively invests in and supports startups aiming to be a global leader in the innovative Internet business and promising to greatly grow up in the future. ANOBAKA's investment focuses on fledgling seed-stage startups. Inaddition to investment financing, ANOBAKA provides founders with a variety of business support such as development consulting by our engineers, sales support, and international marketing support.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 151
  • Round size: Seed $522k–$23M; Series A $4.9M–$99M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • JOYCLE — JOYCLE is a waste management company that specializes in trash recycling, disposal, and environmental consulting services.
  • Autify — AI software testing company aimed at solving the challenges associated with automation testing. We are passionate about making software testing faster and easier, empowering companies to release faster and keep their applications stable.
  • Rara — Rara offers carbon-free and organic mushroom culture production equipment.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 11 investments in Japan Climate startups

DBJ Capital Co., Ltd. was founded in June 2010 through the integration of two venture capital firms of the DBJ Group, New Business Investment Co., Ltd. and Intellectual Properties Development & Investment, Inc. We are a wholly-owned subsidiary of Development Bank of Japan Inc.At DBJ Capital, we focus on venture firms which use newtechnologies and business models to grow and compete on the global market, regardless of their industry or scale. To meet the particular needs of each client, we mobilize the entire DBJ Group to arrange the best investment solutions, ranging from growth-spurring equity investment to financing schemes drawing on DBJ's vast networks.We also assist in venture start-ups. Our value enhancement team provides the kind of comprehensive, hands-on support needed to commercialize outstanding intellectual property and technologies developed by firms, research labs, and universities, and to carve out a place for them in the market.DBJ Capital will continue to play in a part in Japan's economic revival - by helping the firms we invest in to grow, and by encouraging the creation of new industries in Japan.

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Investment focus

  • Industry: Software, Medical, Health Care
  • Stage:Series A, Series B
  • Geography: Japan, United States, Australia

Investor stats

  • Total investments: 145
  • Round size: Series A $4M–$283M; Series B $6.9M–$510M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Reject — Reject is an esports firm that focuses on management of its team REJECT, players, apparel business, and event management services.
  • Linqmed — Linqmed is a pharmaceutical company that specializes in the research and development of radiopharmaceuticals for cancer treatment.
  • Japan Culture and Technology — Japan Culture and Technology assists artists and craftspeople in expanding their activities by providing IT support.
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Miraidoa
VC Fund · Kyoto, Kyoto, Japan · 10 investments in Japan Climate startups

Future Venture Capital Co., Ltd. is a venture capital firm specializing in early stage investment. The firm invests in diversified investment in a broad range of industrial sectors. It seeks to invest in Japan. The firm prefers to be the lead investor in its portfolio companies. Future Venture Capital Co., Ltd. was founded in 1998 and is based inKyoto, Japan with offices in Tokyo, Aomori, Iwate, Yamagata, Kanazawa, Mie, Sakai, Kobe, and Ehime.

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Investment focus

  • Industry: Health Care, Manufacturing, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, Myanmar

Investor stats

  • Total investments: 140
  • Round size: Seed $933k–$33M; Series A $2.5M–$125M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2020

Portfolio highlights

  • Tear Exo — Tear Exo is a biotechnology research company that produces and sells liquid biopsy using materials for molecular recognition.
  • TelaAxon — TelaAxon develops artificial intelligence technology for sustainable operations, enhancing human-AI coexistence, safety, and wellness.
  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 10 investments in Japan Climate startups

Nissay Capital is a venture capital Company specializing in seed, start-up, growth capital, middle stage, and later stage investment.

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Investment focus

  • Industry: Health Care, Information Technology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 223
  • Round size: Seed $709k–$43M; Series A $2.7M–$77M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Todoker — Todoker is a baggage delivery convenient service providing company.
  • CREO Bioscience — Cleo Bioscience is a Biotechnology company.
  • Fabric Tokyo — FABRIC TOKYO is a Japanese startup provides a direct-to-consumer custom-made apparel brand. (former-company name Lifestyle Design Co., Ltd.). It enables customers to save their sizes, idea fabrics, and favorite designs, allowing them to make their original clothing later.FABRIC TOKYO was founded in 2012 by Yuichiro Mori and is based in Tokyo,Japan.
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JAFCO
VC Fund · Tokyo, Tokyo, Japan · 9 investments in Japan Climate startups

Since its founding in 1973, JAFCO has always worked with leading-edge entrepreneurs. The total capital commitments of its investment funds in Japan and overseas have exceeded 1 trillion yen and the number of portfolio IPOs to date has reached over 1,000. In addition to venture investment, JAFCO also carries out buyout investment and commit to thecreations of innovative technologies and services worldwide. As entrepreneurs’ closest partner in bringing their visions to life, JAFCO provides support in areas of HR, marketing/ sales, and back-office operations, in addition to providing financing.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 252
  • Round size: Series A $2.7M–$255M; Series B $8.3M–$425M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Caguuu — Caguuu offers high-quality designer furniture at affordable prices, through e-commerce, eliminating middlemen and store operating costs.
  • QREATION — QREATION is a digital intellectual property studio specializing in producing a wide range of popular content that originates primarily from social media platforms. The company focuses on creating high-quality short-form entertainment, including short dramas, comedy sketches, and variety shows.
  • ARCS — ARCS specializes in developing assisted reproductive medical devices using robotics and artificial intelligence technology.
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SBI Investment
VC Fund · Minato, Chiba, Japan · 9 investments in Japan Climate startups

SBI Investment supports the business development and growth of private venture companies through fund investment. It manages and manages venture capital funds under the management philosophy of becoming a leading company responsible for the creation and development of core industries in the 21st century as a "new industry creator".SBIInvestment has invested in a total of 986 companies in the past, of which 169 (17.1% of investment companies) have exited through IPO or M & A.

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Investment focus

  • Industry: Information Technology, Software, Financial Services
  • Stage:Series B, Series A
  • Geography: Japan, United States, South Korea

Investor stats

  • Total investments: 327
  • Round size: Series A $4.8M–$170M; Series B $5.9M–$283M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2020

Portfolio highlights

  • Recho — Recho’s voice AI solutions must offer some unique features. Recho has a mission to "create the future of communication" and provides the VoiceAI platform and its application, Voice Agent.
  • Pliant — Pliant makes the latest generation of corporate credit cards that adapt perfectly to business processes and needs.
  • Captain Fresh — Captain Fresh is a freshwater fish and seafood supply chain platform. Captain Fresh is a B2B marketplace leveraging technology to deliver the fastest harvest-to-retail in the industry. The company focuses on aggregating the fragmented retail demand across the country and linking them to the small fishermen and farmers throughout the Indian coast.The company was founded in 2019 and is based in Bengaluru, India.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 9 investments in Japan Climate startups

Genesia Ventures is a venture capital firm focused on seed/early stage startups in Japan and Southeast Asia. Since it's inception in Dec 2016, Genesia Ventures has invested in over 90 companies in Japan, Indonesia, Vietnam, Singapore and the US. Genesia Ventures invests in various sectors: SaaS, marketplace, Media, Finance, Insurance,RealEstate, Healthcare, Medical, Travel, Education, Manufacturing, Construction, HR, Agriculture, Sports, Retail, Entertainment, etc.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Seed, Series A
  • Geography: Japan, Vietnam, Indonesia

Investor stats

  • Total investments: 192
  • Round size: Seed $788k–$31M; Series A $1.5M–$68M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $589M in 2017

Portfolio highlights

  • Eitoss — Eitoss is a technology company which has developed and provided the proposal improvement cloud "Cayzen".
  • Recerqa — Recerqa is a supply chain management SaaS that utilizes advanced development technology and AI to improve the purchasing, inventory, and sales management experiences.
  • Finovo — Finovo specializes in the research, development, operation, and maintenance of cutting-edge accounting and financial software solutions.
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Energy & Environment Investment
VC Fund · Higashi-shinagawa, Tokyo, Japan · 9 investments in Japan Climate startups

Energy & Environment Investment, Inc. (EEI) is Japan’s first venture capital specialized in the clean technology sector. With core members who have rich hands on experience in founding and managing venture companies, we aim to provide risk money and various strategic values to promising venture companies and businesses.

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Investment focus

  • Industry: Energy, Internet of Things, Software
  • Stage:Series A, Series B
  • Geography: Japan, United States, Sweden

Investor stats

  • Total investments: 110
  • Round size: Series A $2.4M–$156M; Series B $8M–$553M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2019

Portfolio highlights

  • Fager — Fager is an agriculture firm specializing in promoting decarbonization projects, agricultural carbon production, and sales.
  • Esa — Esa offers plastic waste recycling, and also the development and distribution of plastic products
  • DeepForest Technologies — DeepForest Technologies is an IT firm that offers drone photography, forest information analysis, DF Scanner, and data processing services.
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Spurcle
VC Fund · Sendai, Miyagi, Japan · 8 investments in Japan Climate startups

Spurcle is a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Agriculture, Manufacturing
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 19
  • Round size: Seed $645k–$15M; Series A $21M–$142M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • LAPRAS — LAPRASis an Artificial Intelligence company.
  • Cell-En — Cell-En is a bioelectricity company that provides power solutions through off-grid power generation.
  • Zip Infrastructure — Inquiry : https://docs.google.com/forms/d/e/1FAIpQLSfDmxd1TpPP331TY4VoRsvn0yWX3Ca5Jd-bfBiuPwvpD2SKtA/viewform
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MIRAI SOUZOU
VC Fund · Tokyo, Tokyo, Japan · 8 investments in Japan Climate startups

MIRAI SOUZOU operates as a venture capital firm that invests in institutional lookup and supporting projects. The Company invests in institutional research and development supporting projects, medicine, agriculture, ocean field, and other industries. Innovations and Future Creation conducts businesses in Japan.

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Investment focus

  • Industry: Software, Manufacturing, Robotics
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 43
  • Round size: Seed $3.4M–$44M; Series A $1.7M–$500M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $549M in 2016

Portfolio highlights

  • F.MED — F.MED is a manufacturing company that designs and develops robotic microsurgical devices for the healthcare industry.
  • Triorb — Triorb is a technology company that specializes in robot mobility development with the help of software and hardware solutions.
  • ASEMtech — ASEMtech is a technology company that specializes in research, development, sales, and leasing of medical equipment via the ASEM method.
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QB Capital
VC Fund · Fukuoka, Fukuoka, Japan · 8 investments in Japan Climate startups

QB Capital is make equity investments in venture companies.

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Investment focus

  • Industry: Manufacturing, Medical, Biotechnology
  • Stage:Seed, Series A
  • Geography: Japan, Singapore, United States

Investor stats

  • Total investments: 50
  • Round size: Seed $641k–$43M; Series A $5.2M–$400M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $429M in 2015

Portfolio highlights

  • Equmenopolis — Equmenopolis is an information services company that specializes in conversational AI agent platforms and application developments.
  • Surv Biopharma — Surv Biopharma develops a drug discovery platform that facilitates research and development of veterinary drugs and pharmaceutical products.
  • Zip Infrastructure — Inquiry : https://docs.google.com/forms/d/e/1FAIpQLSfDmxd1TpPP331TY4VoRsvn0yWX3Ca5Jd-bfBiuPwvpD2SKtA/viewform
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Keio Innovation Initiative
VC Fund · Tokyo, Tokyo, Japan · 8 investments in Japan Climate startups

Keio Innovation Initiative (KII) is a venture capital established by Keio University. In order to make more effective use of the research results of Keio University, we aim to contribute to the development of society by creating investment for venture companies that utilize research results and creating new industries.The key to thinking aboutJapan's future growth strategy is to utilize advanced research results of the university. In addition to GDP, in addition to GDP, Japan is the world's third largest R & D exporter in R & D expenses, but as the low growth rate shows, it has a problem in investment efficiency in research and development. There are also reports on the entrepreneurial spirit that is indispensable for creating new industries, with the lowest entrepreneurial activity rate among developed countries.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Seed
  • Geography: Japan, United Kingdom

Investor stats

  • Total investments: 76
  • Round size: Seed $1.5M–$213M; Series A $2.3M–$400M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • ElleThermo — elleThermo aims to implement Semiconductor-Sensitised Thermal Cells (STCs), an energy conversion technology that can generate electricity from unused waste heat above room temperature.
  • Aeterlink — Aeterlink is a wireless device maker and developer. They applied their technology to fields such as FA, robots, smart houses, and medicine and developed practical level technologies such as elemental technology that can wirelessly supply power.
  • Nanofiber Quantum Technologies — Discover how NanoQT builds the foundation for scalable quantum computing with nanofiber cavity-QED technology and high-fidelity quantum connectivity.
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XTech Ventures
VC Fund · Tokyo, Tokyo, Japan · 8 investments in Japan Climate startups

XTech Ventures aims to achieve dramatic growth for investee companies by supporting entrepreneurship, multifaceted management support, and IPO support for the excellent middle class who are enthusiastic about entrepreneurship.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Japan, Italy, United Arab Emirates

Investor stats

  • Total investments: 86
  • Round size: Seed $1.4M–$47M; Series A $5.1M–$142M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $415M in 2018

Portfolio highlights

  • Mechano Cross — Mechano Cross is a mechanical company that offers mechanochemical organic synthesis technology for solution reactions.
  • Rendez-Vous — RENDEZ-VOUS offers a co-ownership option for vintage cars.
  • RICOS — RICOS is a tech company that optimizes manufacturing processes using AI, simulation, and high-performance computing technologies.
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MTG Ventures
VC Fund · Nagoya, Aichi, Japan · 7 investments in Japan Climate startups

MTG Ventures is the corporate venture capital arm of MTG that invests in beauty and wellness tech, food tech, and sports tech sectors.

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Investment focus

  • Industry: Health Care, Marketing, Manufacturing
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 35
  • Round size: Seed $5.7M–$47M; Series A $2.6M–$142M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Airato — Airato specializes in the development of radiation therapy using artificial intelligence technology.
  • Robofull — Robofull is a manufacturing firm that specializes in the design and sale of automation equipment for factories to solve the labor shortage.
  • Illumi Medical — Illumi Medical is a manufacturing company that produces medical equipment and devices for the healthcare sector.
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Spiral Capital
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Climate startups

Spiral Capital is a venture capital fund.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series A, Series B
  • Geography: Japan, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Series A $746k–$928M; Series B $5.7M–$652M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • Mozu — MOZU operates a construction materials procurement platform.
  • MUSE — MUSE is a robotics company that provides robotic solutions for retail stores to support in-store operations.
  • PowerX — PowerX strives to build a sustainable energy ecosystem to drive the world's transition to a decarbonized future.
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Delight Ventures
VC Fund · Shibuya, Kanagawa, Japan · 7 investments in Japan Climate startups

Delight Ventures is a venture capital firm that thoroughly reduces the hurdles of entrepreneurship in Japan and supports entrepreneurs in the world. Entrepreneurship is taken as a natural career path, and we aim to be a society where both successful and unsuccessful people can continue to take on challenges.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, South Korea

Investor stats

  • Total investments: 73
  • Round size: Seed $697k–$64M; Series A $6M–$500M; Series B $429k–$312M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2019

Portfolio highlights

  • CUSTA
  • Dishwill
  • PartnerProp — PartnerProp is a PRM tool with outstanding potential and a wide variety of capabilities that resolves all partner business difficulties.
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Drone Fund
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Climate startups

Drone Fund is a venture capital firm that provides supports in IP strategy, innovative planning, and drone policy. It offers capital investment and financing and aims to create a Drone Ecosystem where LPs and startups can benefit from membership within the Drone Fund.

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Investment focus

  • Industry: Drones, Robotics, Aerospace
  • Stage:Seed, Series A
  • Geography: Japan, United States, Canada

Investor stats

  • Total investments: 70
  • Round size: Seed $2.2M–$18M; Series A $2M–$213M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2020

Portfolio highlights

  • Metro Weather — Metroweather is a venture from Kyoto University that develops a high-performance Doppler lidar that measures the direction and speed of wind several tens of kilometers away from minute movements of fine particles in the atmosphere. We aim to contribute to the safety of the sky by completing a three-dimensional wind map, which has never beenrealized,based on years of research at the Kyoto University Research Institute for Sustainable Areas.
  • SORA Technology — SORA Technology builds and operates health care and public health infrastructure utilizing drones and their operational management systems.
  • Japan Wind Tunnel Manufacturing — JAPAN FUDO is a company that develops and manufactures new products related to wind, such as the world's most compact wind tunnel "Aero Optim" series and double propeller wind turbines.
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NOBUNAGA Capital Village
VC Fund · Gifu, Gifu, Japan · 7 investments in Japan Climate startups

NOBUNAGA Capital Village is a venture capital firm that seeks investment in early-stage and later-stage companies.

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Investment focus

  • Industry: Manufacturing, Content, Robotics
  • Stage:Series A, Seed, Series B
  • Geography: Japan

Investor stats

  • Total investments: 30
  • Round size: Seed $885k–$47M; Series A $1.5M–$928M; Series B $1M–$51M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Cykinso — Cykinso is a developer of a home-testing kit designed to tell people the state of their intestinal bacteria. The company provides a testing service to clarify the state of the intestinal environment by using a sequencer that reads a large number of DNA sequences at high speed, enabling users to investigate the relationship with lifestyle-relateddiseases and digestive diseases based on changes in intestinal bacteria.
  • Stayway — Stayway is operating the world's largest hotel and vacation facility search and comparison site.
  • FiberCraze — FiberCraze is a manufacturing company that specializes in the development and sales of thread materials.
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Japan Science and Technology Agency
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Climate startups

Japan Science and Technology Agency is an integrated organization of science and technology that implements science and technology policy in Japan.  It handles many projects, including the government’s Science and Technology Basic Plan and knowledge creation. The European Sustainability School ESSSR is the owner of Japan Science and TechnologyAgency.Japan Science and Technology Agency undertakes its task in a comprehensive manner. It also works to provide a sound infrastructure of science and technology information and raise awareness and understanding of science and technology-related issues in Japan.Japan Science and Technology Agency is headquartered in Tokyo, Japan.

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Investment focus

  • Industry: Medical, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 40
  • Round size: Seed $1.7M–$50M; Series A $3.1M–$255M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • OptQC — OptQC commercializes cutting-edge optical quantum computing technologies developed by the Furusawa-Endo Laboratory. Because optical quantum computers are more scalable than superconducting and other quantum computing implementations, OptQC's optical quantum computers should reach this scale. They also have benefits like faster processing andreduced power consumption, which makes optical quantum computers a possible long-term pinnacle of quantum technology.
  • Triorb — Triorb is a technology company that specializes in robot mobility development with the help of software and hardware solutions.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
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Mirai Creation Fund
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Climate startups

The Mirai Creation Fund invests in companies and projects that use the latest technologies and business models, supporting the growth of value in these companies and projects, wherever they are found around the world.

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Investment focus

  • Industry: Robotics, Information Technology, Artificial Intelligence
  • Stage:Series B, Series A
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 94
  • Round size: Series A $4M–$269M; Series B $7.7M–$369M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Nealle — Nealle offers business development, business planning and consulting services.
  • QibiTech — QibiTech created HATS, a service in which a human operator remotely supplements the operation of a robot. Add-on edge calculator or software for various robots to increase robot flexibility. It also serves as a platform for connecting operation data to the business improvement system.
  • SPACECOOL — Spacecool offers zero-energy cooling materials that radiate heat to space, reducing temperatures and mitigating global warming.
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Tohoku University Venture Partners
VC Fund · Sendai-shi, Miyagi, Japan · 6 investments in Japan Climate startups

THVP is a venture capital corporation for startup innovation. It was established in 2015 and is based in Nagoya, Japan.

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Investment focus

  • Industry: Medical, Manufacturing, Health Care
  • Stage:Series A, Seed, Series C
  • Geography: Japan

Investor stats

  • Total investments: 20
  • Round size: Seed $14M–$44M; Series A $349k–$122M; Series C $57M–$240M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Koeda — KOEDA is researching and developing medical devices that are safe, painless, and easy to use for acute cholecystitis. KOEDA will transform the management of cholecystitis. So far, endoscopic ultrasound-guided gallbladder drainage (EUS-GBD) has been a notably difficult procedure carried out by skilled doctors at specific advanced centers. Althoughinserting a tube into the gallbladder is less invasive, it is complex, and there may be concerns regarding bile leakage. By combining clinical expertise with precision engineering, KOEDA addresses a clearly defined medical need in a growing global market and is currently moving forward on schedule for regulatory clearance and commercialization.
  • AI Silk — AI Silk are innovative conductive fibers produced with a dyeing technique. By using natural silk and giving conductivity to the fiber itself, They have succeeded in producing electrodes that reduce some of the risks and challenges of conventional medical electrodes, which can cause discomfort,skin and in vivo inflammation, and measurement failuredue to sweat or other elements. Their brand, AI Silk, is a new material that has strong and diverse application potential, even beyond the health / medical field.
  • Rege Nephro — Rege Nephro is a biotech company that specialized in R&D, production and marketing of renal disease therapeutics.
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Osaka University Venture Capital
VC Fund · Osaka, Osaka, Japan · 6 investments in Japan Climate startups

Osaka University Venture Capital is a venture capital firm that focuses on early-stage ventures in the fields of life innovation, green innovation, and platform technology. The firm was founded in 2014 and based in Osaka, Japan.

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Investment focus

  • Industry: Biotechnology, Health Care, Manufacturing
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 75
  • Round size: Seed $7.1M–$99M; Series A $18M–$142M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Ayumo — Ayumo is a research and development company that provides deep learning services with medical insights and AI technology.
  • QunaSys — Quantum physics is a relatively new field built since the beginning of the 20th century, but we have used MRI (nuclear magnetic resonance equipment) and lasers used for close examinations in hospitals, and semiconductors mounted on computers. Supports the technology that supports the daily life of people.QunaSys was established to bring out thequantum physics that has been active behind the scenes to the front stage, and to make use of quantum properties to realize technologies that could not be achieved with existing technologies.
  • Celaid Therapeutics — Celaid Therapeutics specializes in manufacturing and sales of regenerative medicine products utilizing human hematopoietic stem cells.
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FFG Venture Business Partners
VC Fund · Fukuoka, Fukuoka, Japan · 6 investments in Japan Climate startups

FFG Venture Business Partners is a large-scale enterprise that offers in traditional regional bank venture capital.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Series A, Seed
  • Geography: Japan, Indonesia, United States

Investor stats

  • Total investments: 72
  • Round size: Seed $5.7M–$69M; Series A $1.2M–$113M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $691M in 2020

Portfolio highlights

  • InsightX — InsightX is a technology platform focused on empowering businesses by simplifying complex processes and enabling smarter, more personalized user experiences.
  • ElevationSpace — ElevationSpace offers high quality & well equipped workspaces giving tenants a nurturing environment .
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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DIMENSION
VC Fund · Kasumigaseki, Tokyo, Japan · 5 investments in Japan Climate startups

DIMENSION is an investment fund management company.

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Investment focus

  • Industry: Artificial Intelligence, Content, Manufacturing
  • Stage:Series A, Series B
  • Geography: Japan, India, Romania

Investor stats

  • Total investments: 54
  • Round size: Series A $4.2M–$928M; Series B $895k–$1.1B
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Aracan — Aracan is an e-commerce business that provides online and offline car-sharing services for vehicles.
  • Biophilia — Biophilia is a company specializing in pet-related, consulting business, internet service business, and consignment development business. The company was established in August 2017 and is based in Shibuya-ku, Tokyo, Japan.
  • Pacific Meta — Pacific Meta is a tech startup that creates a web3 platform with the goal of offering guidance to businesses using blockchain technology. The firm platform aids in the product's localization for the Japanese market and offers community management services, enabling businesses to promote themselves on social media platforms and work withinfluencers in the cryptocurrency space.
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UTokyo Innovation Platform
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Climate startups, 10 in the past 12 months

The University of Tokyo IPC is a company responsible for expanding the innovation ecosystem of the University of Tokyo. Accelerate global innovation from the University of Tokyo through three activities: start-up support, investment business, and corporate innovation support.It was established as a wholly-owned subsidiary of the University ofTokyo in 2016 with the enforcement of the revised law of the Industrial Competitiveness Enhancement Law, which is the basis law. The investment targets of the Todai IPC are venture companies that utilize the research results and human resources of the University of Tokyo, but they also make FOF (fund of funds) investments in funds managed by some private venture capital companies. In 2019, it started a consortium-type incubation program (University of Tokyo IPC 1stRound) to support the establishment and financing of Tokyo University-related ventures.

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Investment focus

  • Industry: Biotechnology, Medical, Manufacturing
  • Stage:Series A, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 65
  • Lead/follow: no public data

Portfolio highlights

  • Issin — Issin manufactures bath mats that can measure weight and automatically record daily weight changes on your smartphone.
  • RoboTruck — RoboTruck develops autonomous driving technologies for huge trucks, as well as practical applications.
  • Leading Mark — Leading Mark, a rising human resources startup in Japan. Leading Mark is branching out into mid-career and international hiring. It currently has a one-man team in China working to bring the top Japanese-speaking Chinese students to domestic companies. He also touts his startup’s focus on the average job seeker. “We want to make sure that the usersget the info that he or she needs the most,” he says. Large scale, legacy players can sometimes prioritize the needs of the hiring company, and their commission, over the needs of applicants themselves. This leads to frustration and short-circuited careers.
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Japan Finance Corporation
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Climate startups

Japan Finance provides a diversified portfolio of financial services to the small and medium enterprise sector.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Debt Financing, Seed
  • Geography: Japan, India, Hong Kong

Investor stats

  • Total investments: 199
  • Round size: Seed $2.8M–$24M; Debt Financing $2.1M–$142M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • AirKamuy — AirKamuy is an aviation company that designs and manufactures fixed-wing VTOL aircraft and drones with the help of modern technology.
  • Haul — Haul is a human resources company that provides recruitment consulting and marketing SaaS development services.
  • Sorabito — SORABITO is an eCommerce marketplace for used construction equipment and machinery.
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Nippon Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Climate startups

Nippon Venture Capital ("NVCC"), established in 1996 as one of the few largest Japanese independent venture capital firms, is destined to undertake the unprecedented task of providing full-range venture capital services in cooperation with major Japanese business leaders and leading companies, which have supported and nurtured various newbusinesses on their own, as well as proactively developing new venture enterprises.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Japan, United States

Investor stats

  • Total investments: 156
  • Round size: Series A $3M–$85M; Series B $8.2M–$425M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $278M in 2023

Portfolio highlights

  • Surv Biopharma — Surv Biopharma develops a drug discovery platform that facilitates research and development of veterinary drugs and pharmaceutical products.
  • Metagen Therapeutics — Metagen Therapeutics is a Drug discovery and medical business company which utilizes microbiome science.
  • Restore Vision — Restore Vision is a startup based in Japan aiming to develop a visual restoration gene therapy.
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UNITED
VC Fund · Shibuya, Kanagawa, Japan · 5 investments in Japan Climate startups

UNITED, Inc. is developing the smart phone app and the advertising technology business.

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Investment focus

  • Industry: Apps, Software, Media and Entertainment
  • Stage:Seed, Series A
  • Geography: Japan, Nigeria, Indonesia

Investor stats

  • Total investments: 74
  • Round size: Seed $980k–$57M; Series A $3.8M–$89M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • xxxxnese — xxxxnese is a logistics company that focuses on import, export, domestic sales, influencer marketing, and software development businesses.
  • Kiwami — Kiwami offers sales promotion assistance and labor-saving solutions through the virtual store clerk.
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Hiroshima Venture Capital
VC Fund · Hiroshima, Hiroshima, Japan · 5 investments in Japan Climate startups

Hiroshima Venture Capital provides venture capital investment services. The firm creates corporate value from a long-term perspective.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Food and Beverage
  • Stage:Series B, Seed
  • Geography: Japan

Investor stats

  • Total investments: 48
  • Round size: Seed $1.5M–$23M; Series B $4.7M–$170M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $69M in 2020

Portfolio highlights

  • Ababa — Ababa provides recruitment and employment solutions.
  • Tenchijin — Tenchijin is optimiz human civilization using space big data.
  • RICOS — RICOS is a tech company that optimizes manufacturing processes using AI, simulation, and high-performance computing technologies.
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UTEC - The University of Tokyo Edge Capital Partners
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Climate startups

UTEC-The University of Tokyo Edge Capital Partners Co., Ltd.. UTEC is a seed/early stage technology focused venture capital firm associated with The University of Tokyo.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 172
  • Round size: Seed $3.1M–$54M; Series A $5.2M–$85M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • ALGO ARTIS — ALGO ARTIS is a software company that offers optimization in plant operations, tanking, ship allocation plan, and logistics.
  • SUN METALON — SUN METALON aims to create a world where metal products can be produced from local ores. The company was founded in 2021 and is headquartered in Redondo Beach, California.
  • BUGWORKS Research — Bugworks, a clinical stage biopharmaceutical company Harnessing the power of science to develop affordable, accessible, novel therapies against infectious disea
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Innovation Network Corporation of Japan
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Climate startups

Innovation Network Corporation of Japan (INCJ) is a public-private partnership aimed at promoting innovation and enhancing value.Leveraging the rich history of Japanese technological prowess, INCJ aims to provide financial, technological and management support in order to promote the creation of next-generation businesses through “openinnovation,” or the flow of technology and expertise beyond the boundaries of existing organizational structures.INCJ will draw on funding as well as management and technological expertise from the public and private sectors. INCJ is actively reviewing various investment opportunities in areas of green energy, electronics, IT and biotechnology to infrastructure-related sectors such as water supply. Each investment will be thoroughly vetted to ensure it meets the exacting standards of INCJ's Innovation Network Committee, which will make the final investment decisions.INCJ is capitalized at 280 billion yen, with the Japanese government injecting 266 billion yen and 26 private corporations (refer to details in Appendix below) providing a further 14 billion yen. The government will also provide guarantees up to a total of 1,800 billion yen for INCJ investments, giving it an investment capability of approximately 2,000 billion yen. INCJ will be established for a period of 15 years.

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Investment focus

  • Industry: Manufacturing, Software, Robotics
  • Stage:Series B, Series A
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 124
  • Round size: Series A $6M–$340M; Series B $5M–$369M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Cloudian — Cloudian provides exabyte-scale storage for your capacity-intensive workloads: S3-compatible storage for on-prem, hybrid cloud, and multi-cloud.
  • Seajacks — Cadeler is a global leader in offshore wind farm construction, maintenance, and decommissioning.
  • Vehicle Energy Japan — Vehicle Energy Japan specializes in development, manufacturing and sales of automotive lithium-ion batteries.
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Miyako Capital
VC Fund · Kyoto, Kyoto, Japan · 5 investments in Japan Climate startups

Miyako Capital is the venture capital that manages Kyoto University 2nd Venture Fund (KUVF). The company was founded in 2013 and based in Kyoto & Tokyo, Japan. Investment fields are: 1) Life Science, Biotechnology: Drug creation, regenerative medicine, medical beauty equipment, medical services.2) Agri-Food: Industrialization,agricultural and fishery products growth-promoting technology, specified health food, health food.3) Environment, Energy: Alternative energy, and related technologies.4) IT, Electronics: Web, mobile related devices and application, telecommunication technology, security, consumer and business oriented application, mechatronic, robot.5) New services utilizing state-of-art technology.Investment stages: Primary investment stages are initial-growth stages of seed and early. However, we aim at all growth stages and make investment in post-IPO portfolio companies as well as public companies that are related with Kyoto University.

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Investment focus

  • Industry: Medical, Biotechnology, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 52
  • Round size: Seed $5.6M–$118M; Series A $6.1M–$70M; Series B $99M–$3B
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2019

Portfolio highlights

  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • VLP Therapeutics — VLP Therapeutics, LLC (VLP) was established in 2012 by seasoned biopharmaceutical veterans with mission to develop innovative medical treatment which transforms traditional vaccine and targeted antibody therapies to address global unmet medical needs. Its vision is to combat the 21st century global public health problems through revolutionary nextgeneration i-αVLP (inserted alpha VLP) Technology. The company is headquartered in Gaithersburg, Maryland
  • XFOREST Therapeutics — xFOREST Therapeutics develops a drug discovery platform that targets RNA structures.
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Coral Capital
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Climate startups

Coral Capital is a seed stage venture capital firm in Japan.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States

Investor stats

  • Total investments: 94
  • Round size: Seed $384k–$92M; Series A $535k–$928M; Series B $3.3M–$369M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $128M in 2021

Portfolio highlights

  • STRACT — STRACT is a web platform that provides online platform, dating app, knowledge sharing cloud platform, and casual entertainment services.
  • SmartHR — SmartHR helps Japanese companies bring HR activities into the digital age. SmartHR makes HR simpler for Japanese companies by replacing spreadsheets and paperwork with a user-friendly online solution. When SmartHR was founded in Japan in 2013, on-boarding and off-boarding employees was a tedious process, especially since employers had to apply forsocial insurance and healthcare on behalf of employees using a process that had not yet been digitized. Today, SmartHR delivers massive savings for companies across diverse segments from high tech to retail by decreasing the time to complete HR processes like employment contracts down from one month to just 1-2 days. After catering to its initial offering to startups and small businesses, SmartHR is expanding its business to serve more enterprise customers.
  • PartnerSuccess — PartnerSuccess develops and provides SaaS tools that automate the collaboration between manufacturers and distributors.
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Kyogin Lease & Capital
VC Fund · Kyoto, Kyoto, Japan · 5 investments in Japan Climate startups

Kyogin Lease & Capital is an investment firm that specializes in the leasing, stock and bond investment and public offering consulting.

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Investment focus

  • Industry: Medical, Manufacturing, Task Management
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 28
  • Round size: Series A $6.1M–$57M; Series B $38M–$340M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • KOMPEITO — Office de Yasai is an online platform that enables users to order and get vegetables delivered to their offices. The platform’s operations are based in Tokyo, Japan.
  • Towing — Towing is an agricultural company that provides farming, manufacturing, and recycling services.
  • Metro Weather — Metroweather is a venture from Kyoto University that develops a high-performance Doppler lidar that measures the direction and speed of wind several tens of kilometers away from minute movements of fine particles in the atmosphere. We aim to contribute to the safety of the sky by completing a three-dimensional wind map, which has never beenrealized,based on years of research at the Kyoto University Research Institute for Sustainable Areas.
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Z Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Climate startups

Z Venture Capital is the venture capital arm of Z Holdings that invests in companies that focuses on the insurance and finance industry.

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Investment focus

  • Industry: Information Technology, Software, Content
  • Stage:Seed, Series A, Series B
  • Geography: Japan, South Korea, United States

Investor stats

  • Total investments: 80
  • Lead/follow: no public data

Portfolio highlights

  • Cinch Tech — Cinch Tech is a subscription service that offers technology products like computers, phones, tablets, and gaming equipment. Users can choose from different payment plans. The service includes damage cover for the devices. It is intended to help users access and maintain technology without paying full price upfront. The service provides analternative way to obtain and use tech devices.
  • Vently — Discover the best nightlife events in SF.
  • Habit Factory — Habit Factory provides financial big data analytics solutions.
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Mint
VC Fund · Higashi, Tokyo, Japan · 4 investments in Japan Climate startups

Mint operates as an independent venture capital firm specializing in the early stage of startups. It focuses on bridging the boundaries between finance and business, investors and entrepreneurs, creating a foundation for startup growth, and supporting entrepreneurs.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Apps
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • G-ant — G-ant runs the MITACLE BLOCK service, transforming 2D illustrations into custom 3D block figures using voxel technology.
  • MoonJapan — MoonJapan is an educational impact startup that offers a variety of programs and thorough assistance.
  • Prefab — Prefab offers cutting-edge AI SaaS solutions tailored for the construction industry, enhancing efficiency, safety, and decision-making through data-driven insights.
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Fundinno
VC Fund · Higashi-shinagawa, Tokyo, Japan · 4 investments in Japan Climate startups

Fundinno is an equity investment crowdfunding platform.

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Investment focus

  • Industry: Information Technology, Content, Health Care
  • Stage:Equity Crowdfunding, Product Crowdfunding
  • Geography: Japan, France

Investor stats

  • Total investments: 87
  • Round size: Equity Crowdfunding $2M–$8.4M; Product Crowdfunding $1.9M–$6.9M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Atto — Atto operates in the healthcare and preventive medicine field as a technology venture. Its main business is the development, manufacturing, and sale of health inspection equipment. The core product is a capillary blood flow observation device called Kekkan Bijin. This device allows users to observe capillary blood flow simply by placing a finger onit, without any blood sampling.
  • FUNDiT — FUNDiT is an IT-focused M&A and business consolidation company that specializes in acquiring, managing, and scaling IT companies.
  • Asian Bridge — ASIAN BRIDGE is a one-stop-shop for Japanese merchandise such as beauty care products, health foods, and clothing. The company was founded in 2010 and is based in Tokyo, Japan.
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Universal Materials Incubator
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Climate startups

Universal Materials Incubator Co., Ltd. is venture capital firm specializing in materials and chemical industry investments. The firm was established on October, 2015 and is headquartered in Tokyo, Japan

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Investment focus

  • Industry: Manufacturing, Biotechnology, Chemical
  • Stage:Series A, Seed
  • Geography: Japan, United States, New Zealand

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • Scimplify — Scimplify delivers innovative specialty chemical solutions as a trusted manufacturer and global supplier to industries including pharma, food, and cosmetics
  • EF Polymer — EF Polymer Private Limited providing 100% Organic and fully Biodegradable Super Absorbent Polymer cum Fertilizer to reduce Water and Fertilizer requirement for your plant. Let's grow organically.
  • iMicrobes — We are a synthetic biology company on the mission to work with the world's largest companies to use new raw materials and recycle waste for chemical production, polymers, agriculture, and space exploration.
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NCB Venture Capital
VC Fund · Fukuoka, Fukuoka, Japan · 4 investments in Japan Climate startups

NCB Venture Capital provides investment to companies.

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Investment focus

  • Industry: Artificial Intelligence, Recycling, Manufacturing
  • Stage:Seed, Series B, Series A
  • Geography: Japan

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • GooPass — GooPass is a subscription-based camera equipment rental platform that offers users cameras, interchangeable lenses, and drones. It also allows users to buy or rent photography equipment by reserving it online.
  • Tenchijin — Tenchijin is optimiz human civilization using space big data.
  • ORENDA WORLD — ORENDA focuses on developing high-definition 3D simulation systems that apply gamification and real-time rendering technology.
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OKB Capital
VC Fund · Gifu, Gifu, Japan · 4 investments in Japan Climate startups

OKB Capital seeks to invest in companies aiming to go public and gives advice on capital policy. OKB Capital supports the growth and development of small and medium-sized enterprises and venture companies.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, AgTech
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • Argos — Argos provides the online insurance medical treatment service.
  • Brainbuddy — Brainbuddy specializes in sales support, business growth, recruiting, consulting, and training services.
  • Illumi Medical — Illumi Medical is a manufacturing company that produces medical equipment and devices for the healthcare sector.
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STRIVE
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Climate startups

STRIVE focuses on investing in early-stage (Seed to Series A) internet and mobile companies. It seeks out companies in Japan, Southeast Asia, and India with top-notch management teams and strong market potential. It is not tied to strategic investments for GREE Inc. and leverages its pan-Asia expertise for guiding its portfolio in an engaged,hands-on role.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 137
  • Round size: Seed $800k–$33M; Series A $2M–$142M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $10B in 2019

Portfolio highlights

  • ASUENE — Asuene involves in clean power retail business, retail SaaS business, etc.
  • YOUTRUST — YOUTRUST is a startup to operate YOUTRUST a referral recruitment platform for side-job change.
  • Testsigma — Powerful cloud-based test automation platform that lets you automate tests for web, mobile, desktop apps, and APIs in minutes. Sign up now!
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