# Valuechain Innovation Fund

> Valuechain Innovation Fund is a VC fund in Tokyo backing Diving, Retail and GreenTech. See 13 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Tokyo, Japan
- Total investments: 13
- Last investment: May 2026
- Lead investor: 31%
- Last updated: Aug 2026

Valuechain Innovation Fund is a venture capital firm managed by Spiral Capital.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $2M–$8M |
| Series B | $1.9M–$9.2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Diving | 1 | 8% |
| Retail | 1 | 8% |
| GreenTech | 1 | 8% |
| Recycling | 1 | 8% |
| Wholesale | 1 | 8% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 23% |
| Seed | 1 | 8% |
| Series B | 1 | 8% |
| Funding Round | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Japan | 5 | 38% |
| Ethiopia | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Yosemite | Yosemite is a wellness company that provides health and wellness products, supplements, skincare, and personal care items. | $9.5M | Venture - Series Unknown | May 12, 2026 |  |
| Stayway | Stayway is operating the world's largest hotel and vacation facility search and comparison site. |  | Secondary Market | Apr 30, 2026 |  |
| Dodai | Dodai manufactures and assembles the electric motorcycles. | $8M | Series A | Apr 28, 2026 |  |
| Ascend | Ascend is a logistics company. | $7.1M | Series B | Nov 13, 2025 |  |
| Ascend | Ascend is a logistics company. | $7.1M | Series B | Nov 13, 2025 |  |
| digdig | digdig Inc. operates the fashion flea market app "digdig." It aims to simplify the listing and selling of clothing and address pricing issues. | $2.6M | Series A | Oct 22, 2025 |  |
| Domuz | Domuz is a firm that wants to utilize technology and design to create a lifestyle that makes potted plants and flowers more comfortable. | $1.9M | Venture - Series Unknown | Jul 24, 2024 |  |
| Inter Holding | Inter delivers solutions for global difficulties using vacuum technology, which uses a particular check valve to maintain a 99.5% vacuum rate. | $1.6M | Seed | May 08, 2024 |  |
| Valt Japan | VALT JAPAN is a social business compan that continues to pursue solutions to social issues. | $1.9M | Series B | Apr 15, 2024 |  |
| Emulsion Flow Technologies | Emulsion Flow Technologies offers rare metal recycling, utilizing emulsion flow technology, emulsion. | $9.2M | Series B | Mar 08, 2024 |  |

10 of 13 investments shown.

## Co-investors
- [Mitsubishi UFJ Capital](https://shizune.co/investors/profile/mitsubishi-ufj-capital) — VC Fund, 5 deals together
- [Samurai Incubate](https://shizune.co/investors/profile/samurai-incubate) — VC Fund, 4 deals together
- [Coreline Ventures](https://shizune.co/investors/profile/coreline-ventures) — VC Fund, 2 deals together
- [Giftee](https://shizune.co/investors/profile/giftee) — VC Fund, 2 deals together
- [Globis Capital Partners](https://shizune.co/investors/profile/globis-capital-partners) — VC Fund, 2 deals together
- [GxPartners](https://shizune.co/investors/profile/gxpartners) — VC Fund, 2 deals together

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## FAQ

### What does Valuechain Innovation Fund invest in?

Valuechain Innovation Fund invests primarily in Diving, Retail and GreenTech startups, most often at Series A and Seed stage. Most of the 13 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Valuechain Innovation Fund's check size?

Valuechain Innovation Fund typically joins rounds of $2M–$8M at Series A and $1.9M–$9.2M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Valuechain Innovation Fund participates in.

### When did Valuechain Innovation Fund last invest?

The most recent investment recorded for Valuechain Innovation Fund closed in May 2026. Shizune tracks 13 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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