# Kyowa

> Kyowa is a VC fund in Tokyo backing Beauty, Finance and Computer. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Tokyo, Japan
- Total investments: 3
- Last investment: Jun 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/fracorakyowa
- Website: https://www.kyowa-group.co.jp/

Kyowa is a VC fund in Tokyo focused on Beauty and Finance. Kyowa provides health and beauty care products to customers.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Beauty | 1 | 33% |
| Finance | 1 | 33% |
| Computer | 1 | 33% |
| Internet | 1 | 33% |
| Security | 1 | 33% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 33% |
| Series A | 1 | 33% |
| Series C | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Perpetuals.com (Formerly Earlyworks) | Early Works is a Next-generation blockchain technology that realizes high speed, high scalability, and high security. | $1.8M | Seed | Jun 21, 2021 |  |
| Hmcomm | Hmcomm is a provider of AI technology-based voice recognition and abnormal sound detection services for business applications. The company offers speech recognition / natural language processing solutions such as cloud-based voice recognition, text recognization in voice calls, bone conduction, automatic answering machine and meeting minutescreation, thereby enabling businesses to improve efficiency through technology. | $76.5M | Series C | Dec 27, 2019 |  |
| lafool | lafool is a mental health tech company that provides an organizational diagnostic tool "Laful Survey" to realize health management. | $99.2M | Series A | Feb 25, 2019 |  |

3 of 3 investments shown.

## Co-investors
- [AMBITION Group](https://shizune.co/investors/profile/ambition-group) — VC Fund, 1 deal together
- [DBJ Capital](https://shizune.co/investors/profile/dbj-capital) — VC Fund, 1 deal together
- [DeNA](https://shizune.co/investors/profile/dena) — VC Fund, 1 deal together
- [en-Japan](https://shizune.co/investors/profile/en-japan) — VC Fund, 1 deal together
- [Framgia Holdings](https://shizune.co/investors/profile/framgia-holdings) — VC Fund, 1 deal together
- [Hakuhodo DY holdings](https://shizune.co/investors/profile/hakuhodo-dy-holdings) — VC Fund, 1 deal together

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### Similar industry
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### Similar stage
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## FAQ

### What does Kyowa invest in?

Kyowa invests primarily in Beauty, Finance and Computer startups, most often at Seed and Series A stage. Most of the 3 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Kyowa last invest?

The most recent investment recorded for Kyowa closed in Jun 2021. Shizune tracks 3 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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