# Kiyohiro Sugashita

> Kiyohiro Sugashita is a seed investor at Sugashita Partners backing Marketing and Travel. See 11 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Sugashita Partners](https://shizune.co/investors/profile/sugashita-partners)
- Total investments: 11
- Last investment: Oct 2019
- Lead investor: 0%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/sugashita

Kiyohiro Sugashita is a seed investor at Sugashita Partners focused on Marketing and Travel. Mr. Sugashita joined Polaris as Advisor in May 2011. He is Director and CEO of Sugashita Partners, Ltd since 1998 and provides consulting services to financial institutions and ventures in and outside of Japan. Prior to that position, he was CEO of Lazard Japan Asset Management from 1991 to 1998. His business career also includes positions at DaiwaSecurities and Merrill Lynch Securities, Tokyo Branch. On the academic front, Mr. Sugashita received a BA in Economics from Ritsumeikan University and since 2009 is Special Advisor for the Dean of Ritsumeikan Asia Pacific University.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $8.5M–$45M |
| Series A | $14M–$21M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Marketing | 4 | 36% |
| Travel | 3 | 27% |
| Reservations | 3 | 27% |
| Media and Entertainment | 3 | 27% |
| CRM | 2 | 18% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 45% |
| Series A | 2 | 18% |
| Funding Round | 2 | 18% |
| Angel | 1 | 9% |
| Corporate Round | 1 | 9% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| G-Next | G NEXT is an Information Technology based company. | $45.4M | Seed | Oct 09, 2019 |  |
| Fun Group | Hello! We are Fun Group (formally Tabinaka) and we are Japan's first Travel and Leisure startup offering unique tours and experiences. We currently offer experiences in 7 different locations globally. | $42.5M | Angel | Nov 12, 2018 |  |
| Tabinaka | Tabinaka is a Japanese booking & reservation platform for overseas tours and travel activities. | $42.5M | Seed | Nov 12, 2018 |  |
| Fun | Fun is a sightseeing entertainment company that makes the world even more of a fun place. | $42.5M | Seed | Nov 12, 2018 |  |
| Metro Engines | Metro Engines calculates optimal room rates for each plan with different accommodation types, room sizes, meal, cash back, other benefits. | $99.2M |  | Aug 23, 2018 |  |
| Marketing-Robotics | Marketing-Robotics is a software company which operates the marketing robotics business (automating BtoB marketing / sales ) and develops and operates MA (marketing automation) tool . | $8.5M | Seed | May 17, 2018 |  |
| PIALA | PIALA is a Startup specializing in beauty & health areas, including cosmetics and health foods, and food areas. | $6M | Corporate Round | Apr 17, 2017 |  |
| Office de Yasai | Office de Yasai is an online platform that enables users to order and get vegetables delivered to their offices. The platform’s operations are based in Tokyo, Japan. | $21.3M | Series A | Mar 23, 2017 |  |
| Headwaters Japan | Headwaters develop AI-related businesses such as AI platform operation, AI application development, robot application development, and cloud service operation. With a track record of developing and introducing robots and AI applications that are among the best in Japan, we are developing smart and practical robot applications. | $26.9M |  | Sep 09, 2016 |  |
| Leeways | Leeways is an artificial intelligence start up. |  | Seed | Feb 12, 2016 |  |

10 of 11 investments shown.

## Co-investors
- [Vector](https://shizune.co/investors/profile/vector-inc-) — VC Fund, 6 deals together
- [SOURCENEXT](https://shizune.co/investors/profile/sourcenext-corporation) — VC Fund, 3 deals together
- [aucfan](https://shizune.co/investors/profile/aucfan) — VC Fund, 2 deals together
- [Evolable Asia Japan](https://shizune.co/investors/profile/evolable-asia-japan) — VC Fund, 2 deals together
- [AirTrip](https://shizune.co/investors/profile/airtrip) — VC Fund, 1 deal together
- [Evolable Asia Agent](https://shizune.co/investors/profile/evolable-asia-agent) — VC Fund, 1 deal together

## About Sugashita Partners

VC Fund



1 contacts available at Sugashita Partners.

| Name | Title | Profile |
| --- | --- | --- |
| Kiyohiro Sugashita | Director & Chief Executive Officer | https://shizune.co/investors/profile/kiyohiro-sugashita |

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## FAQ

### What does Kiyohiro Sugashita invest in?

Kiyohiro Sugashita invests primarily in Marketing, Travel and Reservations startups, most often at Seed and Series A stage. Most of the 11 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Kiyohiro Sugashita's check size?

Kiyohiro Sugashita typically joins rounds of $8.5M–$45M at Seed and $14M–$21M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Kiyohiro Sugashita participates in.

### When did Kiyohiro Sugashita last invest?

The most recent investment recorded for Kiyohiro Sugashita closed in Oct 2019. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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