# New Sustainable Growth

> New Sustainable Growth is a VC fund in Niigata backing Apps, Payments and Education. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Niigata, Japan
- Total investments: 2
- Last investment: Nov 2024
- Lead investor: 0%
- Last updated: Aug 2026
- Website: https://nsg-hd.co.jp

New Sustainable Growth is a VC fund in Niigata focused on Apps and Payments. New Sustainable Growth engages in the business and management of the company.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Apps | 2 | 100% |
| Payments | 1 | 50% |
| Education | 1 | 50% |
| Information Services | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 1 | 50% |
| Series C | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Matchbox Technologies | Matchbox Technologies is an IT firm that develops an application for flexible recruitment and payment services. | $6.2M | Series A | Nov 15, 2024 |  |
| Study Plus | Study Plus is an educational application developed to facilitate collaborative studying. | $99.2M | Series C | Jan 20, 2020 |  |

2 of 2 investments shown.

## Co-investors
- [Daishi Hokuetsu Capital Partners](https://shizune.co/investors/profile/daishi-hokuetsu-capital-partners) — VC Fund, 2 deals together
- [JAFCO](https://shizune.co/investors/profile/jafco-co-ltd) — VC Fund, 2 deals together
- [Hakuhodo DY Ventures](https://shizune.co/investors/profile/hakuodo-dy-ventures) — VC Fund, 1 deal together
- [Mizuho Capital](https://shizune.co/investors/profile/mizuho-capital) — VC Fund, 1 deal together
- [Obunsha Ventures](https://shizune.co/investors/profile/obunsha-ventures) — VC Fund, 1 deal together
- RFI Advisors — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does New Sustainable Growth invest in?

New Sustainable Growth invests primarily in Apps, Payments and Education startups, most often at Series A and Series C stage. Most of the 2 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did New Sustainable Growth last invest?

The most recent investment recorded for New Sustainable Growth closed in Nov 2024. Shizune tracks 2 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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