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Top 50 Medical Device Startup Investors in Japan (July 2026)

The most active venture capital funds and angel investors investing in Japan Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Japan Medical Device startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
UntroD Capital
VC Fund
9 Japan, Singapore, Austria Seed, Series A Manufacturing, Biotechnology, Health Care $772k–$241M
Fast Track Initiative, Inc.
VC Fund
7 Japan, United States, United Kingdom Series A, Series B, Seed Health Care, Biotechnology, Medical $1.2M–$184M
Mitsubishi UFJ Capital
VC Fund
7 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $952k–$269M
Nippon Venture Capital
VC Fund
6 Japan, United States, Indonesia Series A, Series B Software, Health Care, Information Technology $1.5M–$269M
SBI Investment
VC Fund
6 Japan, South Korea, United States Series B, Series A Software, Information Technology, Financial Services $2M–$227M
JAFCO
VC Fund
6 Japan, United States, Israel Series A, Series B Information Technology, Software, Artificial Intelligence $1.9M–$198M
UTEC - The University of Tokyo Edge Capital Partners
VC Fund
5 Japan, United States, India Seed, Series A Health Care, Biotechnology, Medical $3.1M–$78M
Nissay Capital
VC Fund
5 Japan, United States, Ethiopia Seed, Series A Health Care, Information Technology, Medical $610k–$71M
Mizuho Capital
VC Fund
5 Japan, United States, Singapore Series A, Series B Information Technology, Software, Internet $1.5M–$340M
MIRAI SOUZOU
VC Fund
4 Japan Series A, Series B Manufacturing, Software, Robotics $1.7M–$227M
Keio Innovation Initiative
VC Fund
4 Japan, United Kingdom Series A, Seed Health Care, Medical, Biotechnology $1.5M–$64M
UTokyo Innovation Platform
VC Fund
4 Japan, United States, United Kingdom Series A, Series B Biotechnology, Medical, Manufacturing
Fujifilm
VC Fund
3 Japan, United States, China Series A, Corporate Round Biotechnology, Health Care, Medical $1.3M–$1.7B
Higin Capital
VC Fund
3 Japan Series A, Series B Medical, Biotechnology, Software $1.2M–$75M
Japan Science and Technology Agency
VC Fund
3 Japan Series A, Seed Medical, Biotechnology, Manufacturing $1.7M–$255M
XTech Ventures
VC Fund
3 Japan, Italy, United Arab Emirates Seed, Series A Software, Information Technology, Artificial Intelligence $661k–$85M
FFG Venture Business Partners
VC Fund
3 Japan, Indonesia, United States Series A, Seed Software, Health Care, Artificial Intelligence $1M–$50M
JMTC Capital
VC Fund
3 Japan, United States Series A, Series B Robotics, Medical Device, Manufacturing $2M–$156M
Scrum Ventures
VC Fund
3 United States, Japan, China Seed, Series A Software, Artificial Intelligence, Information Technology $1.3M–$31M
Daiwa Corporate Investment
VC Fund
3 Japan, United States, France Series A, Seed Software, Task Management, Internet $4.3M–$71M
Central Japan Seed Fund
VC Fund
3 Japan Seed, Series A, Venture - Series Unknown Health Care, Manufacturing, Information Technology $868k–$6.6M
ANRI
VC Fund
3 Japan, United States, India Seed, Series A Software, Health Care, Information Technology $497k–$78M
CEJ Capital
VC Fund
3 Japan Series A, Series B Medical, Medical Device, Nursing and Residential Care $7.3M–$425M
DG Daiwa Ventures
VC Fund
2 Japan, United States, India Seed, Series A, Series B Software, FinTech, Internet $679k–$122M
IT-Farm
VC Fund
2 United States, Japan, Germany Seed, Series A Software, Health Care, Medical $1.8M–$20M
BP Capital
VC Fund
2 Japan Series A, Series B Consulting, Product Research, B2B $958k–$1.9M
Incubate Fund
VC Fund
2 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $314k–$91M
OKB Capital
VC Fund
2 Japan Series A, Seed, Series B Software, Agriculture, Health Care $1.1M–$85M
Macnica
VC Fund
2 Japan, Taiwan, Germany Seed, Series A, Series B Health Care, Medical Device, Manufacturing $203k–$50M
Boost Capital
VC Fund
2 Japan Seed, Series A, Series C Artificial Intelligence, Software, Real Estate $316k–$32M
Leo Electronics
VC Fund
2 Japan Series A Leasing, Consulting, Medical Device $958k–$1.7M
KSP
VC Fund
2 Japan Series A, Series B Biotechnology, Health Care, Medical
Glocalink
VC Fund
2 Japan, Singapore, United Kingdom Seed, Pre-Seed Health Care, Robotics, Biotechnology $183k–$8.5M
2020 Ventures
VC Fund
2 United States, India, Japan Seed, Series A FinTech, Financial Services, Consumer Electronics $1M–$71M
WASEDA University Ventures
VC Fund
2 Japan, United States, United Kingdom Seed, Series A, Convertible Note Medical, Biotechnology, Information Technology $1.2M–$38M
Osaka University Venture Capital
VC Fund
2 Japan Seed, Series A Biotechnology, Health Care, Manufacturing $3M–$142M
Future Creation Capital
VC Fund
2 Japan Seed, Series A, Series B Apps, Medical Device, Health Care $1.8M–$12M
Green Core
VC Fund
2 Japan Series A, Seed Pharmaceutical, Health Care, Medical $2M–$4.8M
Cyberdyne
VC Fund
2 Japan, United States Series B, Seed Medical, Health Care, Information Technology $1.4M–$213M
ITOCHU Technology Ventures
VC Fund
2 Japan, United States, Belgium Series A, Series B Software, E-Commerce, Information Technology $4M–$213M
Mint
VC Fund
2 Japan, Singapore Seed, Series A, Venture - Series Unknown Artificial Intelligence, Information Technology, Marketing $283k–$20M
SMBC Venture Capital
VC Fund
2 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $2.3M–$269M
Antler
VC Fund
2 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Foxconn Technology Group
VC Fund
2 United States, China, Japan Series A, Series B Software, Manufacturing, Robotics $1.6M–$112M
ANOBAKA
VC Fund
2 Japan, United States, India Seed, Series A Artificial Intelligence, Software, Information Technology $382k–$99M
Kyoto Capital Partners
VC Fund
2 Japan Seed, Series A, Series B Health Care, Manufacturing, Medical $102k–$29M
Sumitomo Mitsui Trust Bank
VC Fund
2 Japan, India, United Arab Emirates Debt Financing, Series B Financial Services, Finance, Health Care $6.4M–$1.1B
DBJ Capital
VC Fund
2 Japan, United States, Australia Series A, Series B Software, Health Care, Biotechnology $2.7M–$354M
iSGS Investment Works
VC Fund
2 Japan, United States, Hong Kong Seed, Series A E-Commerce, Software, Food and Beverage $730k–$57M
MedVenture Partners
VC Fund
2 Japan, United States Series A, Seed, Series B Medical Device, Health Care, Medical $2.4M–$27M
Access all 328 investors in Japan Medical Device startups.

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

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Investor list

UntroD Capital
VC Fund · Sumida, Tokyo, Japan · 9 investments in Japan Medical Device startups

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

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Investment focus

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

Investor stats

  • Total investments: 130
  • Round size: Seed $772k–$43M; Series A $2.1M–$241M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still 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.
  • 3DC — 3DC develops and manufactures a new carbon material, graphene meso sponge (GMS), for electrodes in next-generation batteries, capacitors, fuel cells and other energy storage and generation devices.
  • Formas.AI — Formas.AI is a multi-modal, AI-powered design platform specifically built for architects, designers, and educators to generate and visualize creative architectural concepts.
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Fast Track Initiative, Inc.
VC Fund · Hongo, Tokyo, Japan · 7 investments in Japan Medical Device startups

Fast Track Initiative is a venture capital firm with an exclusive focus on life sciences and healthcare services.

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Investment focus

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

Investor stats

  • Total investments: 81
  • Round size: Seed $1.2M–$117M; Series A $1.5M–$113M; Series B $7.7M–$184M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2021

Portfolio highlights

  • NovAccel — NovAccel operates as a deep tech company, ensure a stable supply of medical radioisotopes.
  • Sonire Therapeutics — SONIRE Therapeutics Inc. (SONIRE) is working on a next-generation high-intensity focused ultrasound (HIFU) therapy system that will employ acoustic engineering (ultrasound) technologies developed through cutting-edge academic research. SONIRE has been working on a next-generation high-intensity focused ultrasound (HIFU) treatment system as a noveltherapeutic modality with the goal of giving cancer patients and their families a new future.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Medical Device 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: 553
  • Round size: Series A $952k–$86M; Series B $4.2M–$269M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • ADiXi — Adixi is a tech-driven business that supports the idea that people and technology may work together. It strives to open doors by utilizing cutting-edge technology, such as artificial intelligence, to promote long-term, sustainable corporate and societal progress.
  • Diggle — DIGGLE is a service that provides fundamental management accounting management on the cloud called fraud management. It is possible to reduce the mistakes and man-hours of the fraud management task and easily carry out the fraud management task even if it is not an expert in finance or accounting.DIGGLE covers budget creation work and budgetrecord comparison work, especially in the foreman management work. In the budget creation work, the KPI and the budget are automatically created by inputting the target numerical value to the preset parameters utilizing the budget generator function, while the forecast contrasting work is made up of the financial information, non-financial information It is easy to calculate by simply entering the numerical value, and it is possible to carry out calculation of the forecast contrast.
  • Luxna Biotech — Luxana Biotech is established to contribute to medical treatment for suffering patients, .
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Nippon Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Medical Device startups, 15 in the past 12 months

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, Information Technology
  • Stage:Series A, Series B
  • Geography: Japan, United States, Indonesia

Investor stats

  • Total investments: 169
  • Round size: Series A $1.5M–$74M; Series B $3.3M–$269M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $278M in 2023

Portfolio highlights

  • Menou — MENOU specializes in AI technology and sensing technology. It features a graphical image identification modeler software.
  • Space BD — Space BD aims to become a one-stop shop to respond to all issues related to industrialization of space, and alleviate the work of businesses that are developing new technologies.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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SBI Investment
VC Fund · Minato, Chiba, Japan · 6 investments in Japan Medical Device 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: Software, Information Technology, Financial Services
  • Stage:Series B, Series A
  • Geography: Japan, South Korea, United States

Investor stats

  • Total investments: 375
  • Round size: Series A $2M–$156M; Series B $4.9M–$227M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2020

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • Direava — Direava is a medical device company that manufactures, sells, leases, and maintains medical equipments along with consulting services.
  • Zerodoor HD — Zerodoor HD specializes in digital transformation in constructing industry.
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JAFCO
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Medical Device 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: 295
  • Round size: Series A $1.9M–$170M; Series B $7M–$198M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • CaTe
  • EISHIN — EISHIN is a technology company that specializes in pet tech business, recruitment consulting, website creation, and development services.
  • Yokohama Vanilla — Yokohama Vanilla is a Company which operates Yokohama-based gift sweets brand.
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UTEC - The University of Tokyo Edge Capital Partners
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical Device 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: 182
  • Round size: Seed $3.1M–$48M; Series A $3.6M–$78M
  • Lead/follow: 35% lead, 65% follow

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.
  • TXP Medical — TXP Medical build a next-generation medical system through acute care.
  • Startbahn — Startbahn develops Startrail, a sustainable and scalable blockchain infrastructure that assures the reliability, authenticity, and traceability of artworks.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical Device 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: 257
  • Round size: Seed $610k–$43M; Series A $2M–$71M
  • Lead/follow: 25% lead, 75% follow

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.
  • Global Trust Networks — Global Trust Networks is a company that helps foreigners to live in Japan
  • 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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Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical Device 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, Singapore

Investor stats

  • Total investments: 460
  • Round size: Series A $1.5M–$115M; Series B $2.4M–$340M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • CaTe
  • FunPep — FunPep is an Industry-university collaboration bioventure company.
  • NEXT NEW WORLD — NEXT NEW WORLD develops and manufactures natural products with low impact on the environment. It uses sustainable Japanese silk to manufacture apparel and cosmetic products.
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MIRAI SOUZOU
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Medical Device 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: Manufacturing, Software, Robotics
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 48
  • Round size: Series A $1.7M–$152M; Series B $6.3M–$227M
  • 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.
  • Varinos — Varinos is a clinical laboratory contract analysis company that is a partner of medical institutions. Varinos provides genomic testing development and contract analysis services using the latest technology, the next-generation sequencer.
  • ElevationSpace — ElevationSpace offers high quality & well equipped workspaces giving tenants a nurturing environment .
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Access 48,091 investors

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

Browse database — It's Free!
Keio Innovation Initiative
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Medical Device startups, 17 in the past 12 months

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: 87
  • Round size: Seed $1.5M–$57M; Series A $2.3M–$64M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • JiMED — JiMED designs & develops AI based brain-computer interface for implant in ALS patients to improve communication.
  • Grafenary — Graphenary creates unique graphene optical devices using graphene materials with a variety of remarkable features.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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UTokyo Innovation Platform
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Medical Device 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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Fujifilm
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical Device startups

Fujifilm develops and sells consumer products and business products related to photography. Fujifilm Holdings Corporation is a Japanese multinational photography and imaging company. The company serves various industries, including medical, graphic arts, optics, enterprise storage, motion picture, and photography.The company’s consumer productsare categorized as digital cameras and accessories, film photography, Instax photography, and binoculars. Its business products are categorized as medical systems, Fujinon endoscopy, microfilm, data storage, graphic arts and printing, professional video, optical devices, specialty chemicals, printing imaging colorants, and more. Color films, digital cameras, photofinishing equipment, color papers, photofinishing chemicals, medical imaging equipment, graphic arts equipment and materials, flat panel displays, and photocopiers and printers are some products developed by Fujifilm USA.Fujifilm USA is based in Minato-ku, Tokyo, Japan.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Corporate Round
  • Geography: Japan, United States, China

Investor stats

  • Total investments: 25
  • Round size: Series A $15M–$425M; Corporate Round $1.3M–$1.7B
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Ripcord — Ripcord is a robotics company that combines hardware and software robotics via an integrated SaaS offering. Its focus is on smart robotics digitization, smart content management with AI, and helping enable RPA and business processes.Ripcord is based in Hayward, California, and is backed by leading investors Kleiner Perkins Caufield & Byers,Google Ventures, Lux Ventures, Legend Star, and Apple Co-Founder Steve Wozniak.
  • Rapidus — Rapidus is an Electronic component research, development, design, production, and sales that includes semiconductor elements and integrated circuits. Environmentally friendly, energy-saving semiconductors and semiconductor manufacturing technology are being researched and developed. Human resource development and training for the semiconductorsector.
  • VALANX Biotech — VALANX Biotech is a site-specific protein conjugation platform to enable fast and cost efficient protein-drug-conjugates development.
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Higin Capital
VC Fund · Kumamoto, Kumamoto, Japan · 3 investments in Japan Medical Device startups, 6 in the past 12 months

Higegin Capital is a venture capital firm.

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Investment focus

  • Industry: Medical, Biotechnology, Software
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 25
  • Round size: Series A $1.2M–$75M; Series B $3.8M–$14M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $137M in 2020

Portfolio highlights

  • Molmir — Molmir is a biotech company that conducts research and develops treatments for intractable diseases based on sensing technology.
  • EUV Photon — EUV Photon is an irradiation services company that conducts processing, evaluation, and measurement of materials for EUV lights.
  • Restore Vision — Restore Vision is a startup based in Japan aiming to develop a visual restoration gene therapy.
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Japan Science and Technology Agency
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical Device startups, 8 in the past 12 months

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: 54
  • Round size: Seed $1.7M–$50M; Series A $2.3M–$255M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • 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.
  • Solaris — Solaris commercializes, manufactures, and sells soft robotics using pneumatic artificial muscles. Solaris was founded in 2017 and was headquartered in Tokyo, Japan.
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XTech Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical Device 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: 114
  • Round size: Seed $661k–$17M; Series A $2M–$85M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $415M in 2018

Portfolio highlights

  • Yondemy — Yondemy is an online platform for children reading books.
  • Yokohama Vanilla — Yokohama Vanilla is a Company which operates Yokohama-based gift sweets brand.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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FFG Venture Business Partners
VC Fund · Fukuoka, Fukuoka, Japan · 3 investments in Japan Medical Device 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: 83
  • Round size: Seed $1M–$50M; Series A $1.2M–$46M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — raised $691M in 2020

Portfolio highlights

  • MW — MW is a smart home solution company that develops smart residential physical AI, robotics, and home design services.
  • InsightX — InsightX is a technology platform focused on empowering businesses by simplifying complex processes and enabling smarter, more personalized user experiences.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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JMTC Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical Device startups

JMTC Capital (JMTCキャピタル) is the venture capital arm of Japan Material Technologies Corporation. It focuses on investments in R&D-oriented hardware startups in areas such as robotics, drones, personal mobility, wearables, AR/VR, and sensing.

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Investment focus

  • Industry: Robotics, Medical Device, Manufacturing
  • Stage:Series A, Series B
  • Geography: Japan, United States

Investor stats

  • Total investments: 18
  • Round size: Series A $2M–$156M; Series B $3.8M–$99M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • FullDepth — FullDepth is a drone development company.
  • Physiologas Technologies — Physiologas Technologies is a manufacturing company that designs and develops medical equipment for the healthcare industry.
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Scrum Ventures
VC Fund · San Francisco, California, United States · 3 investments in Japan Medical Device startups

Scrum Ventures is an early-stage venture firm that has invested in over 80 startups across a range of industries in the U.S. and Japan. Based in San Francisco with extensive experience and networks in both Silicon Valley and Japan, Scrum Ventures accelerates portfolio companies with global opportunities. Scrum Studios is reinventing the traditional accelerator -- taking a stage-agnostic approach in connecting best-in-class startups with leading Japanese corporations.

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Investment focus

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

Investor stats

  • Total investments: 141
  • Round size: Seed $1.3M–$9.7M; Series A $6M–$31M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • BiPSEE — BiPSEE is a medical XR company that provides treatment support for children for the purpose of nurturing a sense of self-efficacy. They also deploy AR and VR animation with one button dentistry and medicine, whether outpatient or hospitalized in various situations your child's anxiety and pain relieve. It aims to reduce anxiety and pain inchildren in a wide range of medical fields such as dentistry, pediatrics, and dermatology.BiPSEE is abs ed in Tokyo, Japan.
  • SEQUENTIAL — 5,971 Followers, 1,054 Following, 268 Posts - See Instagram photos and videos from Sequential Skin (@sequential.skin)
  • ALT Sports Data — Real Time Alternative Sports Betting Data.
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Daiwa Corporate Investment
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical Device startups, 6 in the past 12 months

Daiwa Corporate Investment is a private investment firm of Daiwa Securities Group that has been engaged in overseas VC investments by taking advantage of an extensive business network in Japan and foreign countries, long experience and professional knowledge, and by supporting the growth of a number of overseas portfolio companies and their stockexchange listings.

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Investment focus

  • Industry: Software, Task Management, Internet
  • Stage:Series A, Seed
  • Geography: Japan, United States, France

Investor stats

  • Total investments: 133
  • Round size: Seed $4.3M–$14M; Series A $4.5M–$71M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2018

Portfolio highlights

  • NovAccel — NovAccel operates as a deep tech company, ensure a stable supply of medical radioisotopes.
  • AstroX — AstroX is a private space startup company that develops satellite launch vehicles for space development. It utilizes the rockoon method for developing launch vehicles and small rockets to help clients easily use space.
  • Sonire Therapeutics — SONIRE Therapeutics Inc. (SONIRE) is working on a next-generation high-intensity focused ultrasound (HIFU) therapy system that will employ acoustic engineering (ultrasound) technologies developed through cutting-edge academic research. SONIRE has been working on a next-generation high-intensity focused ultrasound (HIFU) treatment system as a noveltherapeutic modality with the goal of giving cancer patients and their families a new future.
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Central Japan Seed Fund
VC Fund · Nagoya, Aichi, Japan · 3 investments in Japan Medical Device startups

Central Japan Seed Fund invest in and support startups nationwide.

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Investment focus

  • Industry: Health Care, Manufacturing, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan

Investor stats

  • Total investments: 11
  • Round size: Seed $1.1M–$4.4M; Series A $868k–$2.3M; Venture - Series Unknown $3.4M–$6.6M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • CELLORB — CELLORB provides player management, sports event planning, and event management services.
  • L&F — L&F is a real estate company that develops rental portals and tools for vacant houses, family trusts, and rental property management.
  • Illumi Medical — Illumi Medical is a manufacturing company that produces medical equipment and devices for the healthcare sector.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical Device 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: 260
  • Round size: Seed $497k–$41M; Series A $2.4M–$78M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Tacoms — CAMEL is a service that allows you to easily manage orders from multiple food delivery / takeout services on a single tablet.
  • Any Style
  • Smile Robotics — Smile Robotics provides Service Robots in Japan.
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CEJ Capital
VC Fund · Tsukuba, Ibaraki, Japan · 3 investments in Japan Medical Device startups

CEJ Capital is a venture capital arm of CYBERDYNE. It engages in the creation of cybernics industry, management, and management of growth promotion investment business association property.

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Investment focus

  • Industry: Medical, Medical Device, Nursing and Residential Care
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 9
  • Round size: Series A $7.3M–$425M; Series B $128M–$184M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • ANSeen — ANSeeN Inc. - X-ray COLOR Imaging
  • GAIA BioMedicine — GAIA BioMedicine Inc., a spin-out venture from Kyushu University founded on 2015, is a technology-driven biopharmaceutical company focusing on cellular therapies and immunotherapies mainly for intractable malignancies.
  • Jiksak Bioengineering — Jiksak Bioengineering is a biotechnology company. Jiksak Bioengineering provide an efficient screening service using a three-dimensional cell tissue "Nerve Organoid". We will mainly develop screening technologies specifically for neurodegenerative diseases and search for drugs that are effective for amyotrophic lateral sclerosis (ALS).
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DG Daiwa Ventures
VC Fund · Marunouchi, Tokyo, Japan · 2 investments in Japan Medical Device startups, 14 in the past 12 months

DG Daiwa Ventures invests in start-up companies with next-generation technology and provides business development support. It is focused on blockchain, xR, AI, security, and BioHealth, as they are likely to be at the foundations of future businesses. In addition to the five core technologies, the fund will also focus on IoT technologies, whichoften overlap or serve as an application layer.

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Investment focus

  • Industry: Software, FinTech, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 82
  • Round size: Seed $679k–$8M; Series A $1.1M–$103M; Series B $6.5M–$122M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Imiron — Imiron the process and tools used for modeling mathematical behavior in order to comprehend its fundamentals.
  • Dioseve — Dioseve is providing novel possibilities for all life.
  • BEAM Technologies — BEAM Technologies, focuses on developing optical semiconductor devices using special light to offer clean solutions to ecosystem-related problems.
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IT-Farm
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups

IT-Farm is a venture capital firm which specializes in seed, start-up, and early stage companies. It primarily invests in mobile, big-data, connected car, IoT, OTT service, Helth care, Bio Tech and other IT industries. The firm actively invests in SF bay area and Japan, as well as other geometries including Asia and Europe. We support portfoliocompanies, especially on the partnership with Japanese enterprises.

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Investment focus

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

Investor stats

  • Total investments: 120
  • Round size: Seed $1.8M–$9.3M; Series A $1.8M–$20M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • BitBiome — BitBiome is a microbiome analysis company that aims to discover and understand disease-linked microorganisms. Its, single-cell whole-genome analysis platform specifically targets microbes and can be used on uncultured, raw samples, providing unprecedented strain-level quantitative and functional insights.THe company was founded in 2018 and isbased in Japan.
  • TopoLogic — TopoLogic designs and manufactures heat flow sensors, thermoelectric conversion devices, and topological and novel spintronics materials.
  • Global Equipment Services — As a strategic partner to developers of multi-sector products, Averna provides innovative automated testing tool and quality assurance solutions.
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BP Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups

BP Capital is an investment firm.

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Investment focus

  • Industry: Consulting, Product Research, B2B
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 6
  • Round size: Series A $958k–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Molmir — Molmir is a biotech company that conducts research and develops treatments for intractable diseases based on sensing technology.
  • ASEMtech — ASEMtech is a technology company that specializes in research, development, sales, and leasing of medical equipment via the ASEM method.
  • Greenase — greenase is a manufacturer and seller of processed agricultural products.
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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device 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: 295
  • Round size: Seed $314k–$18M; Series A $2.7M–$91M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $2.4B in 2021

Portfolio highlights

  • 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.
  • Pixie Dust Technologies — Pixie Dust Technologies is a developer of computational technologies, including its ultrasonic phased array system with which one can generate force in mid-air; transport things in mid-air without touching anything; target and deliver different sounds from person to person in a crowd; direct guide-dogs; and even apply this in agricultural farming.
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OKB Capital
VC Fund · Gifu, Gifu, Japan · 2 investments in Japan Medical Device 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: Software, Agriculture, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: Japan

Investor stats

  • Total investments: 15
  • Round size: Seed $1.1M–$2.2M; Series A $1.3M–$85M; Series B $1.5M–$84M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • REVORN — REVORN is a fragrance AI and DX research and development company. They develop products such as odor sensors that can respond to odor issues and needs. They provide consultation at a range of levels, from identifying issues to developing solutions.
  • Helical Fusion — Helical Fusion is a startup company that aims to commercialize fusion energy using magnetic confinement of high-temperature plasmas.
  • Illumi Medical — Illumi Medical is a manufacturing company that produces medical equipment and devices for the healthcare sector.
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Macnica
VC Fund · Yokohama, Kanagawa, Japan · 2 investments in Japan Medical Device startups

Macnica is a global leader in supplying semiconductor, electronic components, network equipment, software products, and various services. Its semiconductor equipment and electronic devices include integrated circuits, network equipment, programmable logic device, memory devices, and related accessories that enable electronics and enterprise ITmarkets to avail electronics equipment to manufacture commercial and consumer electronic products.

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Investment focus

  • Industry: Health Care, Medical Device, Manufacturing
  • Stage:Seed, Series A, Series B
  • Geography: Japan, Taiwan, Germany

Investor stats

  • Total investments: 9
  • Round size: Seed $1M–$50M; Series A $203k–$2.3M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • SecureNavi — SecureNavi offers automation tools for the information security management system. It reduces conventional analogue operations using excel and word. For inquiries, telephone numbers and physical addresses are available on their website.
  • Kokoro Mill — Kokoro Mill is a manufacturing company that designs medical devices to analyze autonomic nervous system activity and arrhythmias.
  • NEXTAGE — Nextage is an Agri-tech company that offers wasabi cultivation in a container.
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Boost Capital
VC Fund · Japan, Jawa Tengah, Indonesia · 2 investments in Japan Medical Device startups

Boost Capital aids businesses in their growth.

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Investment focus

  • Industry: Artificial Intelligence, Software, Real Estate
  • Stage:Seed, Series A, Series C
  • Geography: Japan

Investor stats

  • Total investments: 27
  • Round size: Seed $316k–$13M; Series A $1.9M–$32M; Series C $13M–$19M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • IVRy — Ivry offers cloud based telephonic answering service.
  • Solafune — Solafune is a data science competition platform that leverage satellite and geospatial data.
  • H2 — H2 Corporation offers an automation solution called "AI Estimation" for estimating tasks.
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Leo Electronics
VC Fund · 2 investments in Japan Medical Device startups

Leo Electronics is an electronics manufacturing service provider specialising in integrated development and production of electronic devices.

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Investment focus

  • Industry: Leasing, Consulting, Medical Device
  • Stage:Series A
  • Geography: Japan

Investor stats

  • Total investments: 2
  • Round size: Series A $958k–$1.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 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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KSP
VC Fund · Kawasaki, Kanagawa, Japan · 2 investments in Japan Medical Device startups

KSP, Inc. is the core business entity responsible for operating the Kanagawa Science Park (KSP) and has accepted the challenge of creating new industries through the support, development, and incubation of venture businesses. We provide a variety of business support services that best meet the needs of venture businesses in each stage of theirbusiness growth, ranging from the processes of startup and growth to public offerings. Several hundreds of new startup companies have been created and nurtured since its foundation. An incubation manager (IM) acts as a coordinator and provides a variety of support services to a venture company to help them successfully launch and develop their new business, such as offering individual consultations and a variety of information or advice. KSP, Inc. is well poised to cope with the varying needs of new ventures for highly sophisticated, specialized tasks by offering a business school, business support center, business matching services, and investment funds.The public sector, such as the Kanagawa prefectural government, Kawasaki city government, and the Development Bank of Japan, Inc., has an equity participation in KSP, thus playing a vital role in the deployment of local industrial development policy.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 36
  • Lead/follow: no public data

Portfolio highlights

  • 3DC — 3DC develops and manufactures a new carbon material, graphene meso sponge (GMS), for electrodes in next-generation batteries, capacitors, fuel cells and other energy storage and generation devices.
  • THE PHAGE — The phage is a medical device company that focuses on developing AI technology to predict postprandial blood glucose levels.
  • Mira Robotics — Mira Robotics is a software based company provide services that can robots in various fields.
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2020 Ventures
VC Fund · San Francisco, California, United States · 2 investments in Japan Medical Device startups

venture capital and angel investment fund

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Investment focus

  • Industry: FinTech, Financial Services, Consumer Electronics
  • Stage:Seed, Series A
  • Geography: United States, India, Japan

Investor stats

  • Total investments: 8
  • Round size: Seed $1M–$3M; Series A $5M–$71M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Unocoin — Unocoin a cryptocurrency exchange in India, offers seamless trading of Bitcoin & other cryptos. With 2M users Since 2013. Join India's trusted crypto platform.
  • Kava Labs — Kava is a lightning-fast Layer-1 blockchain that combines the two most used permissionless execution environments into a single, scalable, developer-optimized network.
  • Triple W Japan — Triple W develops DFree, the first wearable device for incontinence that can track the progression of bladder movements using a non-invasive ultrasonic sensor. The device will help elderly and disabled people who suffer from incontinence by notifying when they will need to go to the bathroom. DFree is now widely marketed in Asia and Europe and usedin over 500 senior care facilities. Triple W has offices in Japan, France, and the US.
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WASEDA University Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups

WASEDA University Ventures (WUV) is a venture capital firm specialising in founding investments by creating new start-up companies that make use of academia and are based on "the practical application of scholarship". Our mission is to be a capitalist that implements academic knowledge and

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Investment focus

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

Investor stats

  • Total investments: 13
  • Round size: Seed $1.2M–$38M; Series A $1.3M–$14M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Neubond — Neubond develops wearable devices for stroke mobility rehabilitation. These devices provide autonomous assistance and therapy during daily activities, integrating rehabilitation into the patient's daily life regardless of their motor capabilities. Neubond's solutions are designed to be intuitive and effective, aiming to improve thequality of life for individuals undergoing rehabilitation.
  • Pestalozzi Technology — Pestalozzi Technology is a development and provision of educational products in the fields of physical education and club activities.
  • Gel-Coat Biomaterials — Gel-Coat Biomaterials is a biotechnology company that develops innovative bio-based materials and new medical technologies.
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Osaka University Venture Capital
VC Fund · Osaka, Osaka, Japan · 2 investments in Japan Medical Device 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: 83
  • Round size: Seed $4.5M–$50M; Series A $3M–$142M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • JiMED — JiMED designs & develops AI based brain-computer interface for implant in ALS patients to improve communication.
  • LQUOM — QWAVE offers cryptography communication technology.
  • Toregem BioPharma — Toregem BioPharma is a startup from Kyoto University that develops a treatment for congenital adentia. Toregem BioPharma is headquartered in Kyoto, Japan.
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Future Creation Capital
VC Fund · 2 investments in Japan Medical Device startups

Mirai Sozo Capital is the venture capital arm of Mizuho Leasing Company.

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Investment focus

  • Industry: Apps, Medical Device, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$2M; Series A $2.4M–$8.9M; Series B $11M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CaTe
  • OOYOO — OOYOO Co., Ltd. is a DeepTech venture that combines international entrepreneurial spirit, and a 'Made In Japan' excellence, to bring the latest innovations in clean technology to society for a smarter, cleaner, and more mobile world.
  • KG Motors — KG Motors is an automotive firm that manufactures electric vehicles that can be moved comfortably and safely by one person.
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Green Core
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups

Green Core is an investment firm.

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Investment focus

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

Investor stats

  • Total investments: 8
  • Round size: Series A $2M–$4.8M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • JiMED — JiMED designs & develops AI based brain-computer interface for implant in ALS patients to improve communication.
  • Cosomil — Cosomil develops early diagnostic drugs for diseases and provides research and development support to healthcare companies.
  • Physiologas Technologies — Physiologas Technologies is a manufacturing company that designs and develops medical equipment for the healthcare industry.
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Cyberdyne
VC Fund · Tsukuba, Ibaraki, Japan · 2 investments in Japan Medical Device startups

CYBERDYNE Inc. is a venture firm which is established by Dr. Yoshiyuki Sankai, University of Tsukuba, Japan, in order to materialize his idea to utilize Robot Suit HAL® for the benefits of humankind in the field of medicine, caregiving, welfare, labor, heavy works, entertainment and so on. Robot Suit HAL® was developed with the technologies createdin Sankai Laboratory of Tsukuba University as an application of “Cybernics*” advocated by Prof. Sankai.

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $1.4M–$102M; Series B $12M–$213M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • LIFESCAPES — LIFESCAPES is a research and manufacturer of brain-computer interface equipment.
  • Metcela — Cells hold endless possibilities. Through science, we will unlock these potentials and harness them to improve the lives of patients worldwide.
  • Hirosaki Lifescience Innovation — Hirosaki Lifescience Innovation is engaged in the development, manufacture, and sale of regenerative medicine products.
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ITOCHU Technology Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups

ITOCHU Technology Ventures (ITV), based in Tokyo, is the venture capital arm of ITOCHU Corporation. ITOCHU is one of the world's largest corporations with offices in over 80 countries and operations that cover a broad spectrum of industries. ITV's mission is to invest and help build leading information technology companies by leveraging avast array of resources both domestically and internationally throughout ITOCHU and its group companies. The ITOCHU group has a long history of funding information technology companies with successes including Siebel Systems, NVIDIA, Openwave and Aruba Networks. Current portfolio includes, Box, Fab, Ooyala, WHILL, Tokyo Otaku Mode, etc.

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Investment focus

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

Investor stats

  • Total investments: 144
  • Round size: Series A $4M–$128M; Series B $4.2M–$213M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2019

Portfolio highlights

  • NodeX — We build open-source embedded software and cloud tools to help developers build secure IoT products, simply. By leveraging decentralized identity and h/w root of trust technology, IoT security platform "UNiD" enables developers to automate device management and easily build secure data pipeline between every devices and the cloud.
  • Simplex Quantum — Simplex Quantum conducts research and development of AI-based solutions in the healthcare field and operates the SQ-bar service.It also offers the Shinden-kun, a portable device that can analyze the measured electrocardiographic information with AI and detect heartbeat turbulence.It was established on October 3, 2014 and headquartered inTakanawa, Minato-ku.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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Mint
VC Fund · Higashi, Tokyo, Japan · 2 investments in Japan Medical Device startups, 18 in the past 12 months

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, Marketing
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Singapore

Investor stats

  • Total investments: 42
  • Round size: Seed $283k–$20M; Series A $1.4M–$4.5M; Venture - Series Unknown $3M–$6.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Grafto
  • xCARE — xCARE specializes in the development and commercialization phases of the pharmaceutical and medical device industries.
  • Yellow Blue — Yellow Blue develops and operates "Blue One," a next-generation AI translation service designed for professionals.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device 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, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 553
  • Round size: Series A $2.3M–$128M; Series B $3.2M–$269M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Fermelanta — Fermelanta produces rare plant-based ingredients through microbial fermentation. It engineers a cell to build a biosynthetic pathway of target molecules with gene transfer and disruption.
  • Atom — Atom is a humanoid robot built platform. Its bipedal, dual-armed robots are designed not just as industrial tools but as collaborators that expand human capability. By combining advanced Physical AI—environmental perception, judgment, and action planning—with robust robotic hardware, Atom is creating adaptive agents capable of working acrossdiverse settings to augment or, where appropriate, replace human labor. The company positions these robots as a next step in societal evolution: a new class of machines that learn and behave in human-like ways to advance productivity, safety, and quality of life.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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Antler
VC Fund · Singapore, Central Region, Singapore · 2 investments in Japan Medical Device startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1821
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$755k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Deja — Modern Rituals & Natural Products from the Ancient Science of Ayurveda
  • Enoki Inc — Multiplayer-enabled tools for developers. Enoki has 18 repositories available. Follow their code on GitHub.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Foxconn Technology Group
VC Fund · Taipei, T'ai-pei, Taiwan · 2 investments in Japan Medical Device startups

Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese multinational electronics contract manufacturing company headquartered in Tucheng, New Taipei, Taiwan. It is the world's largest electronics contract manufacturer, and the fourth-largest information technology company by revenue.The companymanufactures connectors for use in PCs in Taiwan and also manufactures connectors and cable assemblies worldwide. The company also manufactures enclosures, primarily for desktop PCs and PC servers. Foxconn is the registered trade name for the Company. Connectors & Cable Assemblies Connectors have applications in various industries - computers, automobiles, communications, consumer products, medical, and defense. Foxconn focuses on offering a range of connectors and cable assemblies for desktop and notebook PCs and PC peripherals. Approximately 500 types of connectors are produced and sold under the Company's own Foxconn brand name. Foxconn has branched into manufacturing connectors for communications and consumer products. PC Enclosures Foxconn manufactures PC enclosures for desktop computers. Depending on its client's specifications, the casings can be sold together with floppy disk drives, switching power supplies, connectors, cable assemblies, and riser cards. Foxconn provides integrated mechanical solutions for clients to deal with thermal, acoustic, environmental, mechanical, functional, and design problems.The Company primarily serves in Taiwan. In addition, it has distribution centers in various key cities in Asia, Europe, and America. Foxconn's principal manufacturing operations are based in Taiwan and mainland China. It has also set up production facilities in Europe and the United States. Foxconn is in the process of setting up new production facilities in Ireland and is also considering Central America as a production center. Significant Events Hon Hai Precision Industry Co., Ltd. has established a unit to enter the business of assembling liquid crystal display (LCD) televisions. The company and Chi Mei Optoelectronics Corp. have formed a joint venture, Ampower Holding Ltd, that makes inverters meant for television sets fitted with TFT-LCD screens. The company has formed a strategic partnership with United Keys, Inc. As part of this partnership, Foxconn would build display-key input devices using United Keys technology. Display keys are regular key switches with small OLED displays embedded in their tops. This allows interactive and image-based communication between software and users. On September 5, 2009, Sony Corporation announced that it had agreed to form a partnership with Hon Hai Precision Industry Co. Ltd. for the production of LCD TVs for the Americas region.

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Investment focus

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

Investor stats

  • Total investments: 107
  • Round size: Series A $1.6M–$57M; Series B $3.2M–$112M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2018

Portfolio highlights

  • Magnax — Magnax develops yokeless axial flux electric motors for eMobility and Aerospace
  • Hyperlight — HyperLight unleashes the potential of integrated photonics by developing a proprietary platform based on thin-film lithium niobate (TFLN)
  • India Chip — India Chip is formed to manufacture and designed for a capacity of 20,000 wafers per month and can produce 36 million display driver chips.
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ANOBAKA
VC Fund · Shibuya, Kanagawa, Japan · 2 investments in Japan Medical Device 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: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 164
  • Round size: Seed $382k–$14M; Series A $4.9M–$99M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • PIMTO — PIMTO Corporation is a technology company that provides digital solutions for location and facility management. Through its PIMT-0 service, it supports airports, stations, commercial facilities, hotels, factories, and public organizations in improving operations, profitability, and customer satisfaction. The company also focuses on addressingsocial challenges such as overtourism, regional revitalization, remote work creation, and improving access to essential services.
  • Kakutoku — Nitlon Inc. provides crowdsourcing management services. The company was founded by Seiya Mitsuda on February 02, and is headquartered in Beppu, Japan.
  • AlarmBox — AlarmBox develops services that make use of professional knowledge of technology and corporate screening, and changes common sense of risk management of enterprise.
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Kyoto Capital Partners
VC Fund · Kyoto, Kyoto, Japan · 2 investments in Japan Medical Device startups

Kyoto Capital Partners is an investment company affiliated with the Bank of Kyoto.

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Investment focus

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

Investor stats

  • Total investments: 39
  • Round size: Seed $102k–$2.9M; Series A $955k–$29M; Series B $1.2M–$16M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Serendip Consulting — Serendip Consulting refers to business portfolio optimization and provision of effective solutions.The Serendip Group operates not only strategic and financial consulting, but also a business company with a focus on manufacturing. Aiming for further growth of the entire group by restructuring the "business portfolio" based on the know-howof nurturing small and medium-sized businesses cultivated over 10 years since its foundation and investment experience, and "modernizing management" by dispatching professional managers You.
  • Monozukuri Business Succession Holdings (JMS) — Monozukuri Business Succession Holdings is a specialized corporate investment subsidiary. The platform modernizes mid-sized manufacturing firms facing generational leadership transitions. Strategic institutional banking partnerships protect public shareholder equity from dilution. After acquisition, the firm installs professional management andautomated factory systems. All operational yields consolidate into the parent organization to drive long-term growth.
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Sumitomo Mitsui Trust Bank
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups, 23 in the past 12 months

Sumitomo Mitsui Trust Bank is an asset management firm and bank in Japan.

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Investment focus

  • Industry: Financial Services, Finance, Health Care
  • Stage:Debt Financing, Series B
  • Geography: Japan, India, United Arab Emirates

Investor stats

  • Total investments: 90
  • Round size: Series B $16M–$184M; Debt Financing $6.4M–$1.1B
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Nealle — Nealle offers business development, business planning and consulting services.
  • ACCIONA — At ACCIONA we offer sustainable solutions to the most urgent challenges facing the planet, such as global warming, energy needs and water shortages
  • Vena Energy — Vena Group delivers renewable energy, battery, and hydrogen solutions across Asia-Pacific. Explore our green innovations driving the low-carbon transition today
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DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 2 investments in Japan Medical Device 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, Health Care, Biotechnology
  • Stage:Series A, Series B
  • Geography: Japan, United States, Australia

Investor stats

  • Total investments: 156
  • Round size: Series A $2.7M–$113M; Series B $6.9M–$354M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Ginco — Ginco's goal is to Change the relationship between individuals and assets by making full use of block chain technology. The primary focus of Ginco, its cryptocurrency wallet app, is centered around dApp and the On-Chain function, and the company plans to expand its business in a multifaceted manner while watching trends in the ecosystemdevelopment. In the future, they were told that they have the possibility of developing with DEXs (decentralized exchanges).
  • Scohia Pharma — Scohia Pharma is a biotech venture that will have both substantial research and development resources and be nimble enough to make decisions quickly, will strive to improve patient quality of life by providing patients and healthcare professionals with new therapeutic medications for renal, metabolic.
  • Arrowsmith — Arrowsmith is committed to unlocking the full potential of bacteriophages to revolutionize the treatment of bacterial infectious diseases. Through transformative science, Arrowsmith strive to create a world free from the pain and fear caused by antimicrobial resistance.
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iSGS Investment Works
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups

iSGS Investment Works is Japan-based venture capital firm.

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Investment focus

  • Industry: E-Commerce, Software, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Japan, United States, Hong Kong

Investor stats

  • Total investments: 56
  • Round size: Seed $730k–$50M; Series A $20M–$57M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • SOUNDRAW — Your personal AI music generator.
  • Inter Holding — Inter delivers solutions for global difficulties using vacuum technology, which uses a particular check valve to maintain a 99.5% vacuum rate.
  • Better Place — Better place vision is to create a world in which kind people can continue to be kind, as well as a society in which people can work in their own way without worrying about money.
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MedVenture Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical Device startups

MedVenture Partners invests in seed to early stage projects and start-ups in the life science field focusing mainly on medical devices.

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $6.3M–$9.9M; Series A $11M–$27M; Series B $2.4M–$8.5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • A-Wave — A-Wave is a manufacturing company that develops and markets medical devices, pharmaceuticals, computer software, and hardware.
  • Quali — Quali is dedicated to developing innovative products and solutions that support microsurgery, with the goal of addressing critical challenges in the medical field and improving patient outcomes and overall quality of life.
  • Avisi Technologies — Avisi Technologies is developing a nanotechnology-enabled defense against blindness from glaucoma.
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Medical Device Investor funding in Japan at a glance

Stats across 237 deals from 328 investors.

328
investors
in Japan Medical Device startups
237
deals
in Japan Medical Device startups
$7.1M
median round
in Japan Medical Device startups
32%
lead investors
lead at least one round
19%
Series A
most common funding stage
95/5
VC / Angel
share of investor count

Access all 328 investors in Japan Medical Device startups.

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