# Ryugin research Institute

> Ryugin research Institute is a VC fund in Naha backing Internet, Logistics and Automotive. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Naha, Japan
- Total investments: 4
- Last investment: Mar 2020
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://www.ryugin-ri.co.jp/

Ryugin research Institute is a VC fund in Naha focused on Internet and Logistics. Ryugin Research Institute Co., Ltd., took over its business from the Economic Research Office of the Corporate Support Department, which is the economic research division of the Bank of the Ryukyus, and became independent on June 28, 2006 in a form that further strengthened its functions.The Ryukyu Bank Research Department was the predecessor ofthe Economic Research Office, but since the foundation of the Ryukyu Bank in 1948, it has conducted various economic and industrial surveys and made proposals and proposals, etc. We have been committed to development.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $679k–$5.7M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Internet | 1 | 25% |
| Logistics | 1 | 25% |
| Automotive | 1 | 25% |
| E-Commerce | 1 | 25% |
| Web Design | 1 | 25% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 75% |
| Corporate Round | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Aplaca.Lab | Aplaca.Lab is a driver substitution platform that provides an unprecedented new driving experience. They released a driving agency application for providing comfortable driving experiences. It enables driving agencies to optimize their resources and clients' safety, prevent accidents, and receive assistance in areas with limited transportationoptions. | $679.1K | Seed | Mar 09, 2020 |  |
| CBcloud | CBCLOUD is offers outsourcing services. The Company provides light cargo crowdsourcing and other services. |  | Corporate Round | Oct 15, 2019 |  |
| Re:Build | Re:Build is to create the world where we can help each other. Re:Build company was born from the desire to help those who challenge.Our mission is to create a world where help and support circulate throughout the business . | $5.7M | Seed | Jul 05, 2019 |  |
| EC-GAIN | Ec Gain is a service to fulfill the EC operator's "want to sell more". | $4.3M | Seed | Jul 15, 2018 |  |

4 of 4 investments shown.

## Co-investors
- [Bank of the Ryukyus](https://shizune.co/investors/profile/bank-of-the-ryukyus) — VC Fund, 2 deals together
- [JR East Start Up](https://shizune.co/investors/profile/jr-east-start-up) — VC Fund, 1 deal together
- [Okinawa Development Finance Corporation](https://shizune.co/investors/profile/okinawa-development-finance-corporation) — VC Fund, 1 deal together
- [The Okinawa Times](https://shizune.co/investors/profile/okinawa-times) — VC Fund, 1 deal together
- [SUKOYAKA HOLDINGS](https://shizune.co/investors/profile/sukoyaka-holdings) — VC Fund, 1 deal together
- [XTech Ventures](https://shizune.co/investors/profile/xtech-ventures) — VC Fund, 1 deal together

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## FAQ

### What does Ryugin research Institute invest in?

Ryugin research Institute invests primarily in Internet, Logistics and Automotive startups, most often at Seed and Corporate Round stage. Most of the 4 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ryugin research Institute's check size?

Ryugin research Institute typically joins rounds of $679k–$5.7M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ryugin research Institute participates in.

### When did Ryugin research Institute last invest?

The most recent investment recorded for Ryugin research Institute closed in Mar 2020. Shizune tracks 4 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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