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Top 50 Mobile VC Funds & Investors in Japan (August 2026)

The most active venture capital funds investing in Japan Mobile startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Japan Mobile startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Incubate Fund
VC Fund
11 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $317k–$57M
East Ventures
VC Fund
11 Japan, Indonesia, Singapore Seed, Series A Software, Information Technology, Internet $473k–$35M
SMBC Venture Capital
VC Fund
9 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.5M–$184M
Mitsubishi UFJ Capital
VC Fund
9 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.2M–$198M
Venture United
VC Fund
8 Japan Seed, Series A Software, Travel, Apps $39k–$30M
Globis Capital Partners
VC Fund
7 Japan, United States, Israel Series A, Series B Software, Information Technology, Internet $2M–$340M
ANRI
VC Fund
7 Japan, United States, Indonesia Seed, Series A Software, Medical, Health Care $413k–$41M
ITOCHU Technology Ventures
VC Fund
7 Japan, United States, Belgium Series A, Series B Software, E-Commerce, Information Technology $4M–$213M
SBI Investment
VC Fund
7 Japan, South Korea, United States Series B, Series A Software, Information Technology, Financial Services $2.3M–$142M
JAFCO
VC Fund
7 Japan, United States, Israel Series A, Series B Information Technology, Software, Artificial Intelligence $2.1M–$184M
Nissay Capital
VC Fund
6 Japan, United States, Ethiopia Seed, Series A Health Care, Information Technology, Medical $565k–$71M
Global Brain Corporation
VC Fund
5 Japan, United States, United Kingdom Series A, Series B Software, Information Technology, Artificial Intelligence $2.4M–$109M
First Light Capital
VC Fund
5 Japan, Hong Kong, United States Seed, Series A, Series B Information Technology, Software, Advertising $553k–$198M
Monex Ventures
VC Fund
5 Japan, United States, China Seed, Series A Software, Financial Services, Information Technology $458k–$30M
ANOBAKA
VC Fund
5 Japan, United States, India Seed, Series A Artificial Intelligence, Software, Information Technology $330k–$75M
Genesia Ventures
VC Fund
4 Japan, Vietnam, Indonesia Seed, Series A Information Technology, Software, Health Care $691k–$29M
Archetype Ventures
VC Fund
4 Japan, United States Seed, Series A Software, Information Technology, Artificial Intelligence $875k–$78M
W ventures
VC Fund
3 Japan, Indonesia, United States Seed, Series A Information Technology, Content, Internet $382k–$37M
DBJ Capital
VC Fund
3 Japan, United States, Australia Series A, Series B Software, Health Care, Biotechnology $2.7M–$184M
JA Mitsui Leasing
VC Fund
3 Japan, United States, Singapore Debt Financing, Series B Information Technology, Manufacturing, Artificial Intelligence $510k–$109M
KDDI
VC Fund
3 Japan, United States, South Korea Series A, Series B Mobile, Software, Internet $2.8M–$638M
UNITED
VC Fund
3 Japan, Nigeria, Indonesia Seed, Series A Apps, Software, Information Technology $645k–$43M
Canal Ventures
VC Fund
3 Japan, United States Series A, Seed, Series B Apps, Information Technology, Internet $821k–$132M
Angel Bridge
VC Fund
3 Japan Series A, Seed, Series B Information Technology, Software, Consulting $792k–$47M
Saison Capital
VC Fund
3 India, Singapore, Indonesia Seed, Series A, Pre-Seed Financial Services, FinTech, Information Technology $1.5M–$33M
F Ventures
VC Fund
3 Japan, Hong Kong Seed, Pre-Seed Information Technology, Software, Service Industry
GMO VenturePartners
VC Fund
3 Japan, United States, India Seed, Series A, Series B FinTech, Financial Services, Finance $1.3M–$170M
OPT
VC Fund
3 Japan, New Zealand, United States Seed, Corporate Round Mobile, Advertising, Apps $1.4M–$31M
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund
3 Japan, United States, India Seed, Series B Software, Information Technology, Health Care $505k–$85M
Nippon Venture Capital
VC Fund
3 Japan, United States, Indonesia Series A, Series B Software, Health Care, Information Technology $1.5M–$269M
Spiral Capital
VC Fund
3 Japan, United Kingdom Series A, Series B, Seed Software, Information Technology, Internet $768k–$78M
Innovation Network Corporation of Japan
VC Fund
3 Japan, United States, United Kingdom Series B, Series A Manufacturing, Software, Robotics $4.5M–$369M
Chiba Dojo
VC Fund
3 Japan, Singapore, United States Seed, Series A, Series B Information Technology, Software, Artificial Intelligence $895k–$369M
Miraidoa
VC Fund
3 Japan, United States, Myanmar Seed, Venture - Series Unknown Manufacturing, Health Care, Information Technology $186k–$16M
Coral Capital
VC Fund
2 Japan, United States Seed, Series A, Series B Software, Information Technology, SaaS
m8 Capital
VC Fund
2 United States, United Kingdom, Japan Seed, Series A Mobile, Software, Apps $1M–$7.2M
Energy & Environment Investment
VC Fund
2 Japan, United States, Canada Series A, Series B Energy, Software, Internet of Things $2.2M–$283M
FGN ABBA Lab
VC Fund
2 Japan, Hong Kong Seed, Pre-Seed Manufacturing, Software, Aerospace $90k–$24M
TIS Japan
VC Fund
2 Japan, Singapore, Indonesia Series C, Seed Software, Artificial Intelligence, Robotics $740k–$496M
Money Forward Venture Partners
VC Fund
2 Japan, United States, Hong Kong Seed, Series A Information Technology, Software, Artificial Intelligence $892k–$64M
Japan Finance Corporation
VC Fund
2 Japan, Hong Kong Debt Financing, Seed Software, Information Technology, Internet $496k–$57M
Dentsu Innovation Partners
VC Fund
2 Japan Seed, Series B Marketing, Information Technology, Apps $7.1M–$142M
Giftee
VC Fund
2 Japan, Indonesia Series A, Corporate Round, Venture - Series Unknown Food and Beverage, E-Commerce, Information Technology $345k–$2.9M
D4V
VC Fund
2 Japan, United States, Singapore Seed, Series A Software, Financial Services, E-Commerce $876k–$89M
Beenos Partners
VC Fund
2 Japan, United States, India Seed, Series A, Series B E-Commerce, Internet, Mobile $535k–$51M
Sumitomo Mitsui Banking Corporation
VC Fund
2 Japan, United States, India Debt Financing, Post-IPO Debt Financial Services, Energy, Information Technology $6.1M–$3B
TLM
VC Fund
2 Japan, United States Seed, Angel, Series B Information Technology, Content, SNS $450k–$21M
Ceres
VC Fund
2 Japan, Singapore Seed, Series A Cryptocurrency, Content, Blockchain $1.4M–$120M
NOW Japan
VC Fund
2 Japan Seed, Series A Content, Software, Marketing $771k–$30M
Keio Innovation Initiative
VC Fund
2 Japan, United Kingdom Series A, Seed Health Care, Medical, Biotechnology $826k–$64M
Access all 294 VC funds in Japan Mobile startups.

Access 48,091 investors

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

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Investor list

Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 11 investments in Japan Mobile 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: 313
  • Round size: Seed $317k–$17M; Series A $2.4M–$57M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — 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.
  • Carbon CryoCapture — Carbon CryoCapture specializes in the carbon dioxide separation systems aimed at creating economically viable, energy-efficient, and genuinely sustainable CO2 separation and recovery technologies. The company is dedicated to deploying cost-effective, efficient systems for CO2 capture that integrate smoothly with current infrastructures, all whileenhancing energy consumption and production. This enables clients to attain zero emissions throughout the development and application of resources.
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East Ventures
VC Fund · Tokyo, Tokyo, Japan · 11 investments in Japan Mobile startups

East Ventures is an early stage venture capital (VC) focused on Southeast Asia, Indonesia & Japan. Success cases include Tokopedia, Traveloka, and Mercari.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, Singapore

Investor stats

  • Total investments: 522
  • Round size: Seed $473k–$13M; Series A $2M–$35M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Reject — Reject is an esports firm that focuses on management of its team REJECT, players, apparel business, and event management services.
  • Holo-X — Holo-X provides augmented, virtual, and mixed realities services and products.
  • Sisuta — Sisuta is a purpose-driven organization committed to addressing fundamental social issues by seamlessly integrating human insight with advanced technology, creating innovative solutions that empower individuals, strengthen communities, and unlock the full potential of both people and digital tools to drive sustainable social impact.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 9 investments in Japan Mobile 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: 584
  • Round size: Series A $1.5M–$106M; Series B $3.1M–$184M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • 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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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 9 investments in Japan Mobile 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: 576
  • Round size: Series A $1.2M–$74M; Series B $4.3M–$198M
  • 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.
  • WARPSPACE — ARPSPACE is a space startup originating from the University of Tsukuba, has been launching and working on a satellite development project at the University of Tsukuba for five years until the company was established.
  • Luxna Biotech — Luxana Biotech is a biotechnology firm dedicated to promoting the practical use of safe and effective nucleic acid therapies. Utilizing nucleic acid chemistry technology, the company strives to provide nucleic acid medicines to patients suffering from diseases that currently lack effective treatments.
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Venture United
VC Fund · Tokyo, Tokyo, Japan · 8 investments in Japan Mobile startups

Venture United is a provider of venture capital for entrepreneurs, especially for internet-related businesses.

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Investment focus

  • Industry: Software, Travel, Apps
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 50
  • Round size: Seed $39k–$21M; Series A $500k–$30M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Zest — ZEST is an IT firm that offers consulting and management support services to its clients. It is based in Tokyo.
  • FamiOne — FamiOne is creating a society that will support the future of couples who want to receive children.
  • Meetcareer — Meetcareer offers a career programme. The users can understand their strengths and make use of them. The company identifies organizational issues for clients to investigate further, as well as issues based on hidden real intentions. The services help users consult with a professional career counsellor online and offer a text programme that isconducted by email, enabling clients to solve career development problems.
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Globis Capital Partners
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Mobile startups, 17 in the past 12 months

Globis Capital Partners (GCP) is a venture capital firm in Japan. With its combination of local business presence through Globis Group and the experience of Western VC experience, GCP has set new VC standards in Japan, with hands-on, and in-depth industry expertise.

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Investment focus

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

Investor stats

  • Total investments: 198
  • Round size: Series A $2M–$142M; Series B $6.7M–$340M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $534M in 2023

Portfolio highlights

  • 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.
  • RoboTruck — RoboTruck develops autonomous driving technologies for huge trucks, as well as practical applications.
  • Knowledge Work — Knowledge Work specializes in the development and sales of software for companies.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Mobile 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, Medical, Health Care
  • Stage:Seed, Series A
  • Geography: Japan, United States, Indonesia

Investor stats

  • Total investments: 269
  • Round size: Seed $413k–$19M; Series A $2.3M–$41M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Any Style — Any Style develops a messaging app from voice actors that regularly sends messages via subscription. It also engages in the planning and production of audio content and the VTuber production business.
  • Chaintope — Chaintope is specializes in blockchain technology with a focus for FinTech and non-FinTech sectors.
  • Smile Robotics — Smile Robotics provides Service Robots in Japan.
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ITOCHU Technology Ventures
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Mobile 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: 148
  • Round size: Series A $4M–$101M; Series B $4.2M–$213M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2019

Portfolio highlights

  • CMerTV — CMer TV is a platform that connects advertisers with newspapers, magazines, and specialized media by video
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
  • 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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SBI Investment
VC Fund · Minato, Chiba, Japan · 7 investments in Japan Mobile 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: 386
  • Round size: Series A $2.3M–$142M; Series B $5.3M–$142M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2020

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • Alxtal — Alxtal is a tech company who optimize the development, design, and manufacturing processes of the manufacturing industry with IT and AI.
  • Direava — Direava is a medical device company that manufactures, sells, leases, and maintains medical equipments along with consulting services.
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JAFCO
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Mobile 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: 304
  • Round size: Series A $2.1M–$142M; Series B $6.4M–$184M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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.
  • Alxtal — Alxtal is a tech company who optimize the development, design, and manufacturing processes of the manufacturing industry with IT and AI.
  • Yokohama Vanilla — Yokohama Vanilla is a Company which operates Yokohama-based gift sweets brand.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Mobile 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: 264
  • Round size: Seed $565k–$43M; Series A $2M–$71M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Welyco — Welyco is an information technology company.We operate smart restaurant "solto". Utilize IT to realize efficient and diverse restaurant management.
  • Toranotec — TORANOTEC CORPORATION aims to create a world where investment is familiar to everyone by realizing "from consumption to investment" through the services of asset management subsidiaries , utilizing advanced technology.
  • 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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Global Brain Corporation
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Mobile 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: 677
  • Round size: Series A $2.4M–$63M; Series B $4.3M–$109M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Eyeota — Engage your best customers with trusted audience data | enrich insights, enhance personalization and transform audience targeting.
  • Moi — Moi Corporation was founded to deliver on the promise of the Twitcasting social live streaming platform. We developed Twitcasting to enable people to stream and share live video anytime, anywhere - connecting the world in real-time. TwitCasting provides a live streaming social platform that enables real-time chat between broacasters andviewers, through apps or desktop. Users can follow their favorite broadcasters and receive notifications when new a new live stream is about to start. Broadcasters can save and publish their live streams for later viewing.In early 2014 we added "Collabo" to Twitcasting, enabling as many as 6 users to broadcast together, in a single display. Viewers can join a broadcast that is already streaming live and broadcast together. It is the first app to support multi-device broadcasting in a single stream on mobile and PC. Our user base has doubled every year, and hit 7.5 million in September, 2014. While the largest part of our base is in Asia, users in US, Brazil, Mexico and other Latin American countries are now growing rapidly. About 70% of our users are under 25 years old, & approximately 95% of broadcasters shoot on mobile. 
  • Deeping Source — Real-time Video Analytics based on Data Anonymization. High-accuracy computer vision for large-scale spaces: hypermarkets, shopping malls, convention centers, hospitals, logistics warehouses, construction sites, etc.
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First Light Capital
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Mobile startups

First Light Capital is venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 46
  • Round size: Seed $553k–$24M; Series A $2M–$120M; Series B $3.2M–$198M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Monogusa — Monoxer is a Information Technology.
  • Monochrome — Monochrome is creating a home operating system in order to power the next generation of energy-producing homes and roofs. The company is based in Chuo Ward, Tokyo.
  • Japan Legal System Institute — Japan Legal System Institute (JLSI), our primary value is to provide products that exceed user expectations.
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Monex Ventures
VC Fund · Minato, Chiba, Japan · 5 investments in Japan Mobile startups

Monex Ventures is a venture capital firm based in Japan that finances seed and early stage investments in startup companies.

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Investment focus

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

Investor stats

  • Total investments: 92
  • Round size: Seed $458k–$30M; Series A $1.5M–$30M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • HEAL-lll — HEAL-lll is a multifaceted firm that merges healthcare, technology, and gamification to promote individual and organizational well-being.
  • Pale Blue — Water propulsion systems for sustainable space development
  • Rise — Rise is a credit-led platform that enables underserved consumers to access installment-based purchasing power.
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ANOBAKA
VC Fund · Shibuya, Kanagawa, Japan · 5 investments in Japan Mobile 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: 167
  • Round size: Seed $330k–$11M; Series A $2.4M–$75M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • 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.
  • NexusAdvisors — NexusAdvisors operates AvaCareer, an AI-powered recruitment platform that leverages intelligent AI agents to support both companies and job seekers by streamlining hiring processes, enhancing candidate matching, and improving recruitment efficiency.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Mobile 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: 229
  • Round size: Seed $691k–$14M; Series A $1.5M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $589M in 2017

Portfolio highlights

  • 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.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
  • Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
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Archetype Ventures
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Mobile startups, 9 in the past 12 months

Archetype Ventures is a venture capital firm specializing in B2B Tech seed and early stage venture investments.

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Investment focus

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

Investor stats

  • Total investments: 121
  • Round size: Seed $875k–$21M; Series A $2.4M–$78M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2018

Portfolio highlights

  • Dioseve — Dioseve is providing novel possibilities for all life.
  • LOOV — LOOV is a video platform that helps in creating professional and data-driven videos for salesmen and marketers to boost conversion metrics.
  • RoboTruck — RoboTruck develops autonomous driving technologies for huge trucks, as well as practical applications.
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W ventures
VC Fund · Shibuya, Kanagawa, Japan · 3 investments in Japan Mobile startups

W Ventures is a Berlin based Venture Design and Venture Capital company that offers a complete framework for the acceleration of digital business ideas.

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Investment focus

  • Industry: Information Technology, Content, Internet
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, United States

Investor stats

  • Total investments: 76
  • Round size: Seed $382k–$17M; Series A $1.3M–$37M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $688M in 2019

Portfolio highlights

  • Anaguma — Anaguma handles business development based on the philosophy of helping people with a sustainable structure. The company's business objective is to eliminate concerns about purchases and reservations, and it delivers before-sales social networks. It also provides matching services exclusively for housekeepers' personal contracts. Thecompany also offers influencer marketing services with a focus on removing waste completely from advertising and realizing a world in which good products can be sold regardless of advertising costs.Anaguma was founded in January 2016 and is headquartered in Tokyo, Japan.
  • Ness — Ness is a tech company that offers 3 service websites and analytic tools for NFT marketing tool, TikTok product and NFT holders.
  • Visual Bank — Visual Bank operates a stock photo business and provides an AI data platform. It aims to create a society in which the value of Japanese creations is maximized and optimized.
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DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 3 investments in Japan Mobile startups, 9 in the past 12 months

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: 160
  • Round size: Series A $2.7M–$85M; Series B $4.6M–$184M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Creattura — Creatura assists companies in reducing greenhouse gas emissions by generating and distributing carbon credits and promoting the adoption of renewable energy sources.
  • 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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JA Mitsui Leasing
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups, 6 in the past 12 months

JA Mitsui Leasing is a leasing company combining the features of an organization linked to an affiliate.

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Investment focus

  • Industry: Information Technology, Manufacturing, Artificial Intelligence
  • Stage:Debt Financing, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 47
  • Round size: Series B $510k–$109M; Debt Financing $3.7M–$64M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • WOTA — WOTA specializes in the development of small-scale decentralized water recycling systems and autonomous control systems for water treatment. The company has established a cyclical model in which wastewater is reimagined as the most accessible water source and is recycled on-site for repeated domestic use. WOTA has created an innovative householdsolution known as a small-scale decentralized water recycling system, which transforms the seemingly unattainable goal of water recycling at the household level into a reality, utilizing our core technology powered by autonomous water treatment managed through sensors and data science.
  • Stayway — Stayway is operating the world's largest hotel and vacation facility search and comparison site.
  • Q.ENEST Holdings — Q.ENEST Holdings is an electric power business holding company that focuses on renewable energy and greentech solutions. The company develops and operates solar power and other renewable generation assets and provides retail electricity services under the Q.ENEST brand. It offers gentailer-model services covering power generation through to sales,along with VPP and grid-scale storage businesses. Q.ENEST Holdings also provides greentech and ETRM services that use data science, machine learning, and proprietary algorithms for power trading and risk management. Its platform business aggregates and optimizes CO2-free power supply for households and corporate customers in Japan.
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KDDI
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups

KDDI Corporation is a Japanese telecommunications operator. It was created in 2000 through a merger of DDI, KDD and IDO and now employs over 15,000 people.The company provides a broad range of services, including fixed-line phone communication, mobile phone and web services, and Internet services. It also has a ownership stake in two Japanesecable television companies, Jupiter Telecommunications (J:COM) and Japan Cablenet (JCN). KDDI's mobile phone and web arm is branded as "au". The company is the current No. 2 in Japan's mobile communications market, trailing NTT DoCoMo and ahead of SoftBank.

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Investment focus

  • Industry: Mobile, Software, Internet
  • Stage:Series A, Series B
  • Geography: Japan, United States, South Korea

Investor stats

  • Total investments: 92
  • Round size: Series A $8.5M–$209M; Series B $2.8M–$638M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2018

Portfolio highlights

  • Yuime — Yuime is an HR consulting firm that offers agricultural staffing, contract farming, and recruitment services.
  • RLWRLD — RLWRLD specializes in "Physical AI" by creating robotics foundation models (RFMs) designed to enable robots to function autonomously in real-world environments.
  • Bounce — Luggage Storage Near Me 24/7 - Store your baggage in 32,000+ worldwide locations. Bounce is the BEST luggage storage app for finding and booking left luggage & lockers near you!
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UNITED
VC Fund · Shibuya, Kanagawa, Japan · 3 investments in Japan Mobile startups

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

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Investment focus

  • Industry: Apps, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, Nigeria, Indonesia

Investor stats

  • Total investments: 89
  • Round size: Seed $645k–$4.4M; Series A $868k–$43M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • WAKA — WAKA is a studio that produces metaverse games and specializes in contract development for domestic businesses.
  • Rehabilitation 3.0 — Rehabilitation 3.0 focuses on a preventive medical system that provides AI assessment and tracking on health, exercise, mood, and wellness.
  • Movus Technologies — Movus Technologies Indonesia is automotive company that provides car ownership rental services.
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Canal Ventures
VC Fund · Toyosu, Tokyo, Japan · 3 investments in Japan Mobile startups

Canal Ventures is a corporate venture capital firm of the Nihon Unisys Group that invests in seed early phase startups.

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Investment focus

  • Industry: Apps, Information Technology, Internet
  • Stage:Series A, Seed, Series B
  • Geography: Japan, United States

Investor stats

  • Total investments: 35
  • Round size: Seed $821k–$61M; Series A $900k–$52M; Series B $8M–$132M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • JPYC — JPYC is a financial institution that issues the community stablecoin JPYC, which is pegged to the yen of Japanese. They want to create a society where everyone can develop by fusing the real world with the world of cryptocurrencies and increasing the liquidity of capital to achieve their goal of overcoming the social conundrum. It will promotecapital's liquidity and create an environment that helps in development for all.
  • Al Travel — Al Travel is a next-generation cloud-type business travel arrangement and management system (BTM). AI Travel reduces business travel arrangements by up to 90% and simplifies application and reporting operations and significantly cuts operations that do not generate profits in the batch settlement.
  • Qubitcore — Qubitcore is a pioneering startup founded with the mission of commercializing and advancing the research outcomes of the Quantum Information Physics Experimental Unit, focusing on the practical implementation of quantum technologies in computing, communication, and information processing.
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Angel Bridge
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups, 17 in the past 12 months

Angel Bridge is a angel investor groups in Japan and provide high quality and abundant funds to excellent companies.

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Investment focus

  • Industry: Information Technology, Software, Consulting
  • Stage:Series A, Seed, Series B
  • Geography: Japan

Investor stats

  • Total investments: 73
  • Round size: Seed $792k–$28M; Series A $2.5M–$19M; Series B $6.5M–$47M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $152M in 2019

Portfolio highlights

  • Recerqa — Recerqa is a supply chain management SaaS that utilizes advanced development technology and AI to improve the purchasing, inventory, and sales management experiences.
  • Mign — Mign offers a generative AI-related SaaS solutions for the construction and real estate fields.
  • Henry — Henry develops and provides a cloud-based electronic medical record and receipt system for small and medium-sized hospitals.
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Saison Capital
VC Fund · Singapore, Central Region, Singapore · 3 investments in Japan Mobile startups

They invest in Seed to Series A companies across emerging markets. Although they have a sector agnostic fund mandate, they particularly like to work with founders that are building ecosystems with the potential to distribute financial services to the unbanked.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: India, Singapore, Indonesia

Investor stats

  • Total investments: 112
  • Round size: Seed $1.8M–$8.4M; Pre-Seed $1.5M–$6M; Series A $3.4M–$33M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $55M in 2019

Portfolio highlights

  • Mylapay — Mylapay, a rising fintech startup, was established in 2019 and incorporates as 'Mindeed Technologies and Services Pvt Ltd' by a dynamic team of co-founders (Ex Hitachi and Worldline) who bring over 50 years of collective experience in the payment domain. Mylapay has been officially registered with the DIPP under the Startup Indiainitiative, signifying its commitment to pioneering financial technology solutions. We specialize in payment enablement, crafting cutting-edge payment solutions to simplify the complete card payment cycle. Mylapay aimed at redefining the payment processing experience with its core product line up; (3DS-Authentication: The linchpin of online commerce, turning payment security into an art form), (Authorization Switch: Your go-to solution for speed and security, ensuring high success rates with fast and safe approvals), (IntelleEngine-Transaction Processing System: An all-in-one platform that manages the post authorization transaction processing end-to-end) Our aim is to transform Mylapay into a holistic tech ecosystem for all your acquiring payment processing needs. We offer cloud-based solutions that equip Payment Aggregators and Banks across the globe with complete payment processing capabilities. With us, you get a one-stop-shop for all your payment solutions, making transaction experiences smoother than ever!
  • Pagaleve — pagaleve offers payment in installments at PIX, with no interest and no credit card required. They provide merchants with a new payment method in order to increase their sales in a simple, uncomplicated, and agile manner, but they also want to provide people with the opportunity to buy what they want without committing to the card'shigh-interest rates and credit.
  • AIsa — AIsa is the capability layer for the Agentic Economy. Everything AI agents need to reason, act, and transact. Pay per call.
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F Ventures
VC Fund · Fukuoka, Fukuoka, Japan · 3 investments in Japan Mobile startups

F Ventures is a venture capital firm based in Japan.

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Investment focus

  • Industry: Information Technology, Software, Service Industry
  • Stage:Seed, Pre-Seed
  • Geography: Japan, Hong Kong

Investor stats

  • Total investments: 40
  • Lead/follow: no public data

Portfolio highlights

  • Bgrass — bgrass is a consultation support platform for women working in the IT industry.
  • Blankr — Blankr inc has developed an application called Raidli. Using the app, Vtubers can hold a virtual handshake event.
  • Tripi — Tripi provides travel media and digital marketing services, as well as the accommodation gift service.
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GMO VenturePartners
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups

An investment that restructures the value and quality.Supplying big capital is not an essential value of our firm.We have a strong attitude to input and drive critical thinking behind a new startup.After the problem is clarified and solution become established in the world,people could not imagine the society without that solution.An investment that innovates this world.We will become a real partner to execute the strategy together.INVENTION OF THE ESSENCE ----we will keep on doing it.

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Investment focus

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

Investor stats

  • Total investments: 164
  • Round size: Seed $1.3M–$71M; Series A $2M–$41M; Series B $5.2M–$170M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $415M in 2018

Portfolio highlights

  • Balus — Balus provides motion capture, Unity systems, and AR live permanent venues.The company provides character content infrastructure using real-time animation, we also support the production of original content. Balus provides the necessary technology for event planning, casting, VR events, recording and creation of production images, real-timemotion capture during live events, real-time transmission, event management, and systems that allow users to participate in the production.
  • Aperza — Aperza's mission is to contribute to redesigning the manufacturing industry by eliminating three barriers in the industry which are the barrier of information, transaction and communication which most of companies and people often face in this industry.Manufacturing industry is Japanese core industry. We would like to contribute to therebirth of this industry by those activities such as supporting those companies who challenges the global market and supporting those start-ups who tries brand-new industry trend such as Industry 4.0, smart factory or IoT. We believe that this lead to the increase of the people in this industry, and the growth of the industry eventually.
  • Monochrome — Monochrome is creating a home operating system in order to power the next generation of energy-producing homes and roofs. The company is based in Chuo Ward, Tokyo.
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OPT
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups

OPT, Inc. is Japanese e-marketing company, which supports customer's Internet marketing holding the concept 'e-marketing that would directly into sales'.OPT, Inc. aims to create new market by realizing maximizing customer's ROI and finding the best way of solutions to the customer's problem. It is the OPT'stask to propose collectively the way how to use the Internet as a marketing tool for customers and support them.In order to maximize customer's ROI, it is necessary to make ads, develop sites, develop marketing strategies, and support communication and IT strategies.At OPT. Inc: it has wide business lines, customers would be supported by the 4 business fields making ads, technology, solution, and contents.The important thing for the e-marketing company is always standing the idea "market in" not "product out". And so OPT, Inc instantaneously developed its own tool to objectively effect measurement and has tried to improve customer's marketing by using the objective data.

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Investment focus

  • Industry: Mobile, Advertising, Apps
  • Stage:Seed, Corporate Round
  • Geography: Japan, New Zealand, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $1.4M–$21M; Corporate Round $2.6M–$31M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Raksul — Raksul.inc is a fabless B2B platform builder. It aims to redesign and simplify value chains in legacy industries. It has enabled the "sharing economy" business model in printing, logistics and advertising, by connecting SME customers directly to excess capacities of existing players in various industries at a low cost.
  • OPT China — OPT China is a company that provides marketing and distribution support for Chinese consumers.
  • Shuttlerock — Create attention-worthy video ads from any asset for every screen, at scale.
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MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile 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: 266
  • Round size: Seed $505k–$33M; Series B $1.8M–$85M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $1.4B in 2021

Portfolio highlights

  • FullDepth — FullDepth is a company that creates marine drones to aid with underwater monitoring. The company's drones work in tandem with marine navigation technology, which monitors and captures aquatic life, communicates data to connected devices, and provides infiltration information that can be freely used with a cloud service, allowing customers towitness and study marine life for educational and recreational purposes.FullDepth is a company that creates marine drones to aid with underwater monitoring. The company's drones work in tandem with marine navigation technology, which monitors and captures aquatic life, communicates data to connected devices, and provides infiltration information that can be freely used with a cloud service, allowing customers to witness and study marine life for educational and recreational purposes.
  • Peco Free — Peco Free is a school meal pre-order service that is selected using a smartphone.
  • Smart Craft
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Nippon Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups, 14 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: 172
  • 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

  • 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.
  • KUZEN — KUZEN provides enterprise-grade chatbot technologies, especially the bot framework and NLP, via a visual UI without coding. The company is utilizing technology to develop a system that broadens the scope of dialogue. They use technology to provide their customers with next-generation standard procedures that broaden the possibilities ofconversation, resulting in unprecedented business practices.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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Spiral Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups, 13 in the past 12 months

Spiral Capital is a venture capital fund.

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Investment focus

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

Investor stats

  • Total investments: 108
  • Round size: Seed $768k–$9.7M; Series A $1.1M–$78M; Series B $5.7M–$69M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • WAKA — WAKA is a studio that produces metaverse games and specializes in contract development for domestic businesses.
  • Mozu — MOZU operates a construction materials procurement platform.
  • AZUL Energy — AZUL Energy is a next-generation energy device that improves air battery performance, develops air battery-related products, and proposes eco-friendly and comfortable new lifestyles. They discovered that a catalyst electrode containing one of these pigments performed better than platinum carbon or existing catalyst electrode materials.
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Innovation Network Corporation of Japan
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile 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 $4.5M–$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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Chiba Dojo
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Mobile startups, 7 in the past 12 months

Chiba Dojo is an entrepreneurial community that supports startup companies in various stages from seed to pre-IPO.

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Investment focus

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

Investor stats

  • Total investments: 66
  • Round size: Seed $1M–$23M; Series A $1.9M–$32M; Series B $895k–$369M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — raised $342M in 2019

Portfolio highlights

  • AlgaleX — AlgaleX is a food technology and biotechnology company that develops AI-powered algae fermentation technology to produce sustainable food ingredients, nutritional compounds, and bioproducts. The company leverages proprietary AI-driven cultivation and fermentation systems to convert underutilized food byproducts into high-value microalgae rich innutrients such as DHA, umami compounds, and other functional ingredients. Its mission is to build a circular bioeconomy by reducing food waste while providing sustainable alternatives to marine- and animal-derived ingredients.The company's core technology is Touji-24, an AI-powered algae cultivation and fermentation control system that automates and optimizes microalgae production. Using proprietary fermentation processes and food byproducts such as awamori lees, AlgaleX cultivates algae that can be used to produce Umamo, a plant-based ingredient combining seafood-like umami flavor with high concentrations of DHA. This approach reduces reliance on wild-caught fish as a source of omega-3 fatty acids while upcycling food industry byproducts into valuable nutritional ingredients.
  • Solafune — Solafune integrates multi-domain intelligence across space, cyber, and physical layers to create actionable, sovereign decision systems.
  • Mign — Mign offers a generative AI-related SaaS solutions for the construction and real estate fields.
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Miraidoa
VC Fund · Kyoto, Kyoto, Japan · 3 investments in Japan Mobile 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: Manufacturing, Health Care, Information Technology
  • Stage:Seed, Venture - Series Unknown
  • Geography: Japan, United States, Myanmar

Investor stats

  • Total investments: 154
  • Round size: Seed $338k–$16M; Venture - Series Unknown $186k–$3.5M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2020

Portfolio highlights

  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
  • Dioseve — Dioseve is providing novel possibilities for all life.
  • 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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Coral Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile 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: 89
  • Lead/follow: no public data

Portfolio highlights

  • MarqVision — Effortlessly discover and remove counterfeits to protect your sales and reputation.
  • CoLab — CoLab is a technology company that provides robotics, artificial intelligence solutions, and business consulting services.
  • NutmegLabs — NutmegLabs takes care of tourism and leisure by helping with online booking and digitizing the business. It was founded in 2019 and is based in San Francisco, California, United States.
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m8 Capital
VC Fund · London, England, United Kingdom · 2 investments in Japan Mobile startups

m8 Capital is a London-based venture capital firm that funds mobile technology companies.

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Investment focus

  • Industry: Mobile, Software, Apps
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Japan

Investor stats

  • Total investments: 15
  • Round size: Seed $1M–$2.6M; Series A $2M–$7.2M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Fuller — Fuller is a software development company that builds mobile phone applications and provides internet media services. The company’s products include App Ape Analytics and App Ape Lab.App Ape Analytics is a trend research and analysis app that investigates the usage of Android terminal, and offers the viewing rate data; the number of active usersof the application; and user attribute information such as the user’s age gender, the user who is in possession of the application, and more.App Ape Lab analyzes the trends and offers real-time information of the app market.Fuller was founded in 2011 and is based in Chiba, Japan.
  • Applauze — Applauze, formerly 955Dreams Inc., is a new age publishing company. They publish magical titles on mobile devices. Their latest product, called Applauze launched in March of 2013, is an iOS app that presents users with thousands of events happening every day, from concerts and theater productions to sports games and community events. Theservice is available across 41 U.S. cities and 5 Canadian cities.Applauze finds tickets from primary sellers, as well as secondary markets like StubHub, and uses data analytics and machine learning to recommend relevant events to users, who can easily purchase tickets via the app and also share their event with friends.Applauze is a small group of hackers and designers who are working on mobile products that will engage and excite you. They love what they do and their users love the products they've built. Their designs are executed at a very high standard and their apps are educational and highly immersive at the same time. Applauze has raised money from Mitch Kapor and 500 Startups.
  • Just Sing It — JustSingIt.com is the catchy, memorable domain name that is perfect for any startup looking to make a lasting impression in the music industry. With its playful and engaging tone, this domain exudes creativity and passion for all things mus
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Energy & Environment Investment
VC Fund · Higashi-shinagawa, Tokyo, Japan · 2 investments in Japan Mobile 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, Software, Internet of Things
  • Stage:Series A, Series B
  • Geography: Japan, United States, Canada

Investor stats

  • Total investments: 126
  • Round size: Series A $2.2M–$105M; Series B $3.7M–$283M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2019

Portfolio highlights

  • ASUENE — Asuene involves in clean power retail business, retail SaaS business, etc.
  • 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.
  • TWO — TWO is a health and wellness company that offers innovative lifestyle solutions 2foods, a line of healthy and delicious food products.
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FGN ABBA Lab
VC Fund · Fukuoka-shi, Fukuoka, Japan · 2 investments in Japan Mobile startups

FGN ABBA Lab is an investment fund that mainly supports pre-seed to series A early stage startups. In this FGN ABBA Lab fund, they will support startups with the idea of ​​creating “things and things” that make the world exciting without limiting the genre, investment, training, and social implementation.

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Investment focus

  • Industry: Manufacturing, Software, Aerospace
  • Stage:Seed, Pre-Seed
  • Geography: Japan, Hong Kong

Investor stats

  • Total investments: 25
  • Round size: Seed $90k–$24M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2019

Portfolio highlights

  • HMS — HMS develops AI smart camera that integrates image input and processing.
  • IKOU — IKOU is an inclusive brand for babies and children that creates products valued by all users. The company's featured products include portable seats, bibs, and children's clothing products along with online services.
  • Sorano Me — Sorano Me is a content creation and media company that provides space related content, space data and consulting services.
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TIS Japan
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile startups

The gateway to TIS's corporate.Solution,and Group Information, Corporate Data, and more.

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Investment focus

  • Industry: Software, Artificial Intelligence, Robotics
  • Stage:Series C, Seed
  • Geography: Japan, Singapore, Indonesia

Investor stats

  • Total investments: 59
  • Round size: Seed $740k–$71M; Series C $5.9M–$496M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Logice — Moving Indonesia cold chain in the most efficient, transparent & automated way through technology.
  • Sembuh AI — Sembuh AI is an insurtech company that develops an AI‑based platform for health‑insurance claims processing. It focuses on automating high‑volume claims review, detecting fraud or anomalous claims, and reducing overpayments for insurers and third‑party administrators. The company acts as a claims‑automation and analytics layer rather than a directinsurer or payer.
  • StratifiCare — At StratifiCare, we focus on the development and manufacturing of IVD (In-Vitro Diagnostics) assay solutions for personalized medicine. With more than 50 years of cumulative in-depth experience in Biomedical R&D and technology commercialization, StratifiCare strives to empower personalised medicine.
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Money Forward Venture Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile startups

Money Forward Venture Partners operates HIRAC FUND, a seed fund specializing in seed and early-stage startups.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Seed $913k–$64M; Series A $892k–$33M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $419M in 2020

Portfolio highlights

  • bellFace — bellFace is an InsideSales System specialized targetted for Business to business sales customer support.No log in, no installation required. No matter where you are, it connects in 5 seconds becacuse it operates in the browser (patented). The audio system is connected through the telephone lines, there is no interruption like with Web meetingsystems. bellFace which is specific to sales, comes with document sharing and script function, so your experience is just like face to face communication . It is also suited for inside sales.
  • WineBank — "WineBank" is a real-time online wine management and investment solution that we offer. In addition to operating a restaurant, it runs a sales company for food, drink, and other items.
  • Mourning Clothes Rescue — Mourning Clothes Rescue operates a specialized clothing rental model utilizing automated, 24-hour unmanned storefronts. Users complete reservations and payments through smartphones to instantly access physical retail outlets via smart locks. This continuous availability solves the immediate challenge of acquiring formal attire on short noticeduring unexpected bereavement. By removing traditional staff overhead, the system passes cost efficiencies to consumers while providing private, on-site fitting options and long-term rental periods.
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Japan Finance Corporation
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile 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, Hong Kong

Investor stats

  • Total investments: 199
  • Round size: Seed $496k–$24M; Debt Financing $536k–$57M
  • 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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Dentsu Innovation Partners
VC Fund · Minato, Chiba, Japan · 2 investments in Japan Mobile startups

Dentsu Innovation Partners manages corporate venture capital funds for Dentsu Group. It is specialized in the digital domain with the objectives of creating a worldwide digital business market and expanding the Dentsu Group's digital businesses.

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Investment focus

  • Industry: Marketing, Information Technology, Apps
  • Stage:Seed, Series B
  • Geography: Japan

Investor stats

  • Total investments: 25
  • Round size: Seed $8.5M–$21M; Series B $7.1M–$142M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2010

Portfolio highlights

  • Voicy — Voicy is a mobile platform that recruits both media personalities and news organizations, the entertainers read the news so users can get the latest info from favorite voices. As it enters the age of IoT, interfaces have begun to evolve into seamless forms, such as AR, that allow to access information without stopping daily lives, but in this era,it has focused on the ear.
  • Monstar Lab — Headquartered in Shibuya-ku, Tokyo, Monstar Lab, Inc. provides access to top talent and specialists around the world as the foundation for all of the group’s activities. The company consists of more than 1200 engineers and creators in offices in 26 cities and 15 countries worldwide.The core consultancy arm of the company engineers awesomesolutions that perform for clients around the world. In addition, the company’s array of products and services ranging from co-working spaces, robotic process automation, game development, streaming services, HR tech and education programs empower thinkers and makers globally.
  • Wired Beans — Wired Beans Inc. supports basic manufacturing stages using novel information technologies. It was founded on October 13, 2009, and is based in Tokyo, Japan.
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Giftee
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile startups

giftee is an online service where you can send a small 'thank you' through small gifts by twitter and email. Supported by Open Network Lab.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, Information Technology
  • Stage:Series A, Corporate Round, Venture - Series Unknown
  • Geography: Japan, Indonesia

Investor stats

  • Total investments: 17
  • Round size: Series A $2M–$2.9M; Venture - Series Unknown $345k–$1.9M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • WED — One Financial is an application that anyone can introduce card settlement immediately with one smartphone.
  • Domuz — Domuz is a firm that wants to utilize technology and design to create a lifestyle that makes potted plants and flowers more comfortable.
  • Treasure in Stomach — Treasure in Stomach is a food manufacturing company that develops vegan, gluten-free, and Muslim-friendly products and content.
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D4V
VC Fund · Minato, Chiba, Japan · 2 investments in Japan Mobile startups, 7 in the past 12 months

D4V (Design for Ventures) is a Tokyo-based early-stage venture capital firm that invests in disruptive, consumer and enterprise technology startups.

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Investment focus

  • Industry: Software, Financial Services, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 82
  • Round size: Seed $876k–$33M; Series A $2.5M–$89M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $687M in 2018

Portfolio highlights

  • Sazo — Sazo specializes in constructing a global e-commerce and logistics network with AI.
  • Dioseve — Dioseve is providing novel possibilities for all life.
  • Free Standard — Free Standard is a developer platform that offers product development and recommerce business implementation for the retail industry.
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Beenos Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile startups

Beenos is a platform for startups. Our in-house team of entrepreneurs-in-residence and specialists help you get your ideas off the ground. We’re (the) experts in engineering, design, data science, and business management. We know how to launch a company in this ever changing IT industry, and we’d like to help establish and expand your present andfuture business.The company was founded in 1999 as NetPrice.com, a provider of eCommerce services. NetPrice.com established Beenos as an incubation program before

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Investment focus

  • Industry: E-Commerce, Internet, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 61
  • Round size: Seed $535k–$6.6M; Series A $1.3M–$13M; Series B $10M–$51M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2015

Portfolio highlights

  • Raena — RAENA adalah platform reseller kecantikan terbesar di Indonesia yang memberikan peluang bisnis rumahan yang menjanjikan. Dropshipper & Reseller produk kecantikan
  • Ralali — Ralali.com, Pusat toko grosir online pertama di Indonesia, sebagai b2b wholesale marketplace platform yang menghubungkan supplier, distributor dengan retail.
  • Delivered Korea — Delivered Korea is an e-commerce platform, that accelerates cross-border e-commerce from South Korea to your country.
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Sumitomo Mitsui Banking Corporation
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile startups

Sumitomo Mitsui Banking Corporation offers a broad range of financial services centered on banking. They are also engaged in leasing, securities, credit card, investment, mortgage securitization, venture capital, and other credit-related businesses. The following lists the activities of SMBC, its subsidiaries, and affiliates in the various businesssegments.It is a wholly-owned subsidiary of Sumitomo Mitsui Financial Group. As of the year 2009, SMBC was the second largest bank in Japan in terms of assets.

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Investment focus

  • Industry: Financial Services, Energy, Information Technology
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 324
  • Round size: Post-IPO Debt $107M–$3B; Debt Financing $6.1M–$1.2B
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Triorb — The corporate website of TriOrb Inc., revolutionizing production lines with our ball-driven omnidirectional mobility platform.
  • SoftBank — SoftBank Group Corp. (Chairman & CEO: Masayoshi Son) Corporate and IR site provides company information such as our company profile, an overview of the company and Group companies, as well as IR and CSR.
  • Waypoint Leasing Services — Waypoint Leasing is a global helicopter leasing company founded in 2013 to provide financing solutions to helicopter operators worldwide. Headquartered in Limerick, Ireland, Waypoint differentiates itself with a senior management team possessing direct helicopter operating and helicopter leasing experience. Their deep operational backgroundtranslates directly to a passion for rotary-wing aviation and a commitment to building long-lasting partnerships.
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TLM
VC Fund · Portland, Oregon, United States · 2 investments in Japan Mobile startups

TLM is a venture capital that invests basically in seed rounds, including some Series A startups.

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Investment focus

  • Industry: Information Technology, Content, SNS
  • Stage:Seed, Angel, Series B
  • Geography: Japan, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $450k–$21M; Angel $2M–$5.7M; Series B $5.2M–$11M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $6.9M in 2015

Portfolio highlights

  • Morght — Morght is an information technology service company.
  • Requpo — Requpo is a brand-new salon reservation app that allows you to book a beauty salon without having to search.
  • Hogetic Lab — Hogetic Lab specialize in DCaaS, AI development, and Data human resources training.
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Ceres
VC Fund · Setagaya, Tokyo, Japan · 2 investments in Japan Mobile startups

Ceres is a company providing internet marketing services and is engaged in the planning, development, and operation of smartphone media.

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Investment focus

  • Industry: Cryptocurrency, Content, Blockchain
  • Stage:Seed, Series A
  • Geography: Japan, Singapore

Investor stats

  • Total investments: 50
  • Round size: Seed $1.8M–$14M; Series A $1.4M–$120M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Samansa — Samansa is a film production company that offers planning, production, and distribution of telefilms, dramas, and short series.
  • AndGAMER — AndGAMER is an eSports agency that develops custom controllers and gaming products for players.
  • TASIMOVF — Founder of Asimov Foundation. Investing in the future of AI & Crypto (a much more meaningful space than FX) prev. @xbox
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NOW Japan
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile startups

Next One for the World.

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Investment focus

  • Industry: Content, Software, Marketing
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 63
  • Round size: Seed $771k–$14M; Series A $1.8M–$30M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
  • Sisuta — Sisuta is a purpose-driven organization committed to addressing fundamental social issues by seamlessly integrating human insight with advanced technology, creating innovative solutions that empower individuals, strengthen communities, and unlock the full potential of both people and digital tools to drive sustainable social impact.
  • Tohakusha — Tohakusha is a creative agency that offers design, production and sale of digital content and EC websites, and content creation services.
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Keio Innovation Initiative
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Mobile startups, 13 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: 90
  • Round size: Seed $826k–$50M; Series A $2.2M–$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.
  • Starlight Engine — Starlight Engine develops and commercializes fusion energy power plant technologies.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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Mobile VC funding in Japan at a glance

Stats across 208 deals from 294 investors.

294
investors
in Japan Mobile startups
208
deals
in Japan Mobile startups
$27M
median round
in Japan Mobile startups
26%
lead investors
lead at least one round
15%
Seed
most common funding stage

Access all 294 VC funds in Japan Mobile startups.

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