# National Federation of Agricultural Cooperative Associations

> National Federation of Agricultural Cooperative Associations is a VC fund backing Food Processing. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Tokyo, Japan
- Total investments: 5
- Last investment: Mar 2025
- Lead investor: 20%
- Last updated: Aug 2026
- Website: http://zennoh.or.jp/

National Federation of Agricultural Cooperative Associations is a VC fund in Tokyo focused on Food Processing and Food and Beverage. National Federation of Agricultural Cooperative Associations (全国農業協同組合連合会), aka ZEN-NOH Group, is a federation of agricultural cooperatives in Japan. ZEN-NOH has interests in rice, fruits & vegetables, farm products, livestock sales & production, dairy farming, fertilizer, agrichemicals, agricultural machinery, petroleum products, and more.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Food Processing | 2 | 40% |
| Food and Beverage | 2 | 40% |
| AgTech | 1 | 20% |
| Drones | 1 | 20% |
| Energy | 1 | 20% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 60% |
| Corporate Round | 1 | 20% |
| Venture - Series Unknown | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Trende | TRENDE is an online renewable energy retailer selling electricity to residential customers in Japan via its Ashita Denki (https://ashita-denki.jp/) and Hot Denki (https://hotdenki.jp) service websites. TRENDE expects its Ashita Denki and Hot Denki services to accelerate the widespread adoption of solar power in Japan. Atwhich point, the company aims to leverage blockchain technology to create a peer-to-peer (P2P) marketplace for producers and consumers of renewable energy. Investors include Tokyo Electric Power, Itochu, Idemitsu Showa Shell and Dubai Electricity and Water Authority (DEWA). The company is led by serial entrepreneurs, Jeffrey Char and Tadatoshi Senoo and takes an environmentally responsible approach to provide consumers with clean and affordable energy. For more information, please visit http://trende.jp/. | $7.2M | Venture - Series Unknown | Mar 19, 2025 | http://trende.jp/ |
| Umamill | Umamill is a food manufacturer that produces and supplies seafood products, sweets, snacks, and dairy items. | $2.5M | Series A | Jun 01, 2022 | https://www.umamill.jp/ |
| Meal Works | MEAL WORKS is a startup to work on the restaurant chain business. |  | Corporate Round | Mar 25, 2019 | https://www.mealworks.co.jp/ |
| Nileworks | Nileworks is a multicopter that automatically recognizes the shape of the field. | $113.4M | Series A | Oct 17, 2017 | https://www.nileworks.co.jp/ |
| Farmnote holdings Japan | Farmnote holdings Japan established in December 2016, is a pure holding company with SkyArc Co., Ltd., which operates the web integration business, and Farm Note Co., Ltd., which operates the agricultural IoT solution business. | $70.9M | Series A | Apr 19, 2017 | https://farmnote-hd.com/ |

5 of 5 investments shown.

## Co-investors
- [The Norinchukin Bank](https://shizune.co/investors/profile/the-norinchukin-bank) — VC Fund, 3 deals together
- [Innovation Network Corporation of Japan](https://shizune.co/investors/profile/innovation-network-corp-of-japan) — VC Fund, 2 deals together
- [Sumitomo](https://shizune.co/investors/profile/sumitomo-corporation) — VC Fund, 2 deals together
- [Agribusiness Investment Development](https://shizune.co/investors/profile/agribusiness-investment-consultation) — VC Fund, 1 deal together
- [Kumiai Chemical Industry Co](https://shizune.co/investors/profile/kumiai-chemical-industry-co) — VC Fund, 1 deal together
- [Sumitomo Chemical](https://shizune.co/investors/profile/sumitomo-chemical) — VC Fund, 1 deal together

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## Featured in investor lists
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## FAQ

### What does National Federation of Agricultural Cooperative Associations invest in?

National Federation of Agricultural Cooperative Associations invests primarily in Food Processing, Food and Beverage and AgTech startups, most often at Series A and Corporate Round stage. Most of the 5 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did National Federation of Agricultural Cooperative Associations last invest?

The most recent investment recorded for National Federation of Agricultural Cooperative Associations closed in Mar 2025. Shizune tracks 5 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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