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Top 50 Proptech VC Funds & Investors in Japan (August 2026)

The most active venture capital funds investing in Japan Proptech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Japan Proptech startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Incubate Fund
VC Fund
13 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $317k–$57M
Genesia Ventures
VC Fund
10 Japan, Vietnam, Indonesia Seed, Series A Information Technology, Software, Health Care $691k–$29M
Nissay Capital
VC Fund
9 Japan, United States, Ethiopia Seed, Series A Health Care, Information Technology, Medical $565k–$71M
Mizuho Capital
VC Fund
8 Japan, United States, Singapore Series A, Series B Information Technology, Software, Artificial Intelligence $2M–$269M
East Ventures
VC Fund
7 Japan, Indonesia, Singapore Seed, Series A Software, Information Technology, Internet $473k–$35M
SMBC Venture Capital
VC Fund
7 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.5M–$184M
Mitsubishi UFJ Capital
VC Fund
7 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.2M–$198M
ANRI
VC Fund
6 Japan, United States, Indonesia Seed, Series A Software, Medical, Health Care $413k–$41M
Japan Finance Corporation
VC Fund
6 Japan, Hong Kong Debt Financing, Seed Software, Information Technology, Internet $496k–$57M
Global Brain Corporation
VC Fund
6 Japan, United States, United Kingdom Series A, Series B Software, Information Technology, Artificial Intelligence $2.4M–$109M
ANOBAKA
VC Fund
6 Japan, United States, India Seed, Series A Artificial Intelligence, Software, Information Technology $330k–$75M
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund
5 Japan, United States, India Seed, Series B Software, Information Technology, Health Care $505k–$85M
UTEC - The University of Tokyo Edge Capital Partners
VC Fund
5 Japan, United States, India Seed, Series A, Series B Health Care, Biotechnology, Medical $2.5M–$100M
Delight Ventures
VC Fund
5 Japan, United States, South Korea Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $577k–$283M
PKSHA SPARX Algorithm Fund
VC Fund
5 Japan, China, United States Seed, Series A Information Technology, Artificial Intelligence, Human Resources $953k–$142M
DNX Ventures
VC Fund
5 Japan, United States, Canada Seed, Series A, Series B Software, Information Technology, SaaS $684k–$71M
Miraidoa
VC Fund
4 Japan, United States, Myanmar Seed, Venture - Series Unknown Manufacturing, Health Care, Information Technology $186k–$16M
STRIVE
VC Fund
4 Japan, India, Indonesia Seed, Series A Software, E-Commerce, SaaS $800k–$142M
OPT Ventures
VC Fund
4 Japan, United States, India Series A, Seed Software, E-Commerce, Content $253k–$89M
FINOLAB
VC Fund
4 Japan Seed, Series B, Angel Financial Services, FinTech, Blockchain $330k–$26M
Primal Capital
VC Fund
4 Japan, Spain, Switzerland Seed, Venture - Series Unknown Software, Information Technology, Internet $415k–$18M
Globis Capital Partners
VC Fund
4 Japan, United States, Israel Series A, Series B Software, Information Technology, Internet $2M–$340M
Headline Asia (formerly Infinity Ventures)
VC Fund
4 Japan, China, United States Series A, Seed, Series B Software, FinTech, E-Commerce $661k–$103M
Spiral Capital
VC Fund
3 Japan, United Kingdom Series A, Series B, Seed Software, Information Technology, Internet $768k–$78M
Shizen Capital
VC Fund
3 Japan, United States, Singapore Seed, Pre-Seed, Series A Software, Financial Services, FinTech $133k–$26M
Saison Ventures
VC Fund
3 Japan, Switzerland Seed, Series B Software, Finance, Internet $113k–$425M
B Dash Ventures
VC Fund
3 Japan, Taiwan, Switzerland Seed, Series A Information Technology, Apps, Internet $804k–$44M
Mint
VC Fund
3 Japan, Singapore Seed, Series A, Venture - Series Unknown Artificial Intelligence, Information Technology, Marketing $326k–$6.8M
Energy & Environment Investment
VC Fund
3 Japan, United States, Canada Series A, Series B Energy, Software, Internet of Things $2.2M–$283M
GMO VenturePartners
VC Fund
3 Japan, United States, India Seed, Series A, Series B FinTech, Financial Services, Finance $1.3M–$170M
Angel Bridge
VC Fund
3 Japan Series A, Seed, Series B Information Technology, Software, Consulting $792k–$47M
JAFCO
VC Fund
3 Japan, United States, Israel Series A, Series B Information Technology, Software, Artificial Intelligence $2.1M–$184M
Coral Capital
VC Fund
3 Japan, United States, Denmark Seed, Series A, Series B Software, Information Technology, SaaS $551k–$184M
Gazelle Capital
VC Fund
3 Japan, China, Singapore Seed, Series A, Series B Software, Apps, SaaS $268k–$3.5M
Gaiax
VC Fund
3 Japan, Italy Seed, Angel Real Estate, Travel, Content $171k–$7.9M
First Light Capital
VC Fund
3 Japan, Hong Kong, United States Seed, Series A, Series B Information Technology, Software, Advertising $553k–$198M
DBJ Capital
VC Fund
3 Japan, United States, Australia Series A, Series B Software, Health Care, Biotechnology $2.7M–$184M
Money Forward Venture Partners
VC Fund
3 Japan, United States, Hong Kong Seed, Series A Information Technology, Software, Artificial Intelligence $892k–$64M
Keio Innovation Initiative
VC Fund
3 Japan, United Kingdom Series A, Seed Health Care, Medical, Biotechnology $826k–$64M
JR East Start Up
VC Fund
2 Japan, United States Series B, Seed Information Technology, Internet, Task Management $140k–$283M
Japan Post Capital
VC Fund
2 Japan, United States, Turkey Series B, Series A Artificial Intelligence, Information Technology, Marketing $1.3M–$283M
Seibu Shinkin Capital
VC Fund
2 Japan Series A, Seed Task Management, Artificial Intelligence, Robotics $275k–$255M
Mitsubishi HC Capital
VC Fund
2 Japan, United States, India Debt Financing, Seed, Series B Energy, Renewable Energy, Medical $3.5M–$921M
CAC CAPITAL
VC Fund
2 Japan, Malaysia, India Series A, Seed Internet, Recruiting, Logistics $275k–$43M
Mitsubishi Estate
VC Fund
2 Japan, Singapore, United States Series B, Series A Real Estate, Information Technology, Internet $2.7M–$142M
DOGAN beta
VC Fund
2 Japan Seed, Series A Information Technology, Health Care, Task Management $233k–$152M
Accord Ventures
VC Fund
2 Japan, Malaysia, United States Seed, Series A Internet, Software, E-Commerce $775k–$45M
Dentsu Digital Holdings
VC Fund
2 Japan Series B, Series A Internet, Software, Financial Services $223k–$142M
ITOCHU Corporation
VC Fund
2 Japan, United States, United Kingdom Series A, Series B Software, Internet, E-Commerce $4M–$269M
ITOCHU Technology Ventures
VC Fund
2 Japan, United States, Belgium Series A, Series B Software, E-Commerce, Information Technology $4M–$213M
Access all 661 VC funds in Japan Proptech startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 13 investments in Japan Proptech startups

Incubate Fund is an independent early-stage venture capital that specializes in providing capital to technology startups at the seed stage. The firm built a portfolio of over 300 companies in Asia, taking 12 companies to public and 20 companies to M&A exit since 2010.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 313
  • Round size: Seed $317k–$17M; Series A $2.4M–$57M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $2.4B in 2021

Portfolio highlights

  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Black Cat Carnival — Black Cat Carnival Inc. is a communication service development company.
  • Carbon CryoCapture — Carbon CryoCapture specializes in the carbon dioxide separation systems aimed at creating economically viable, energy-efficient, and genuinely sustainable CO2 separation and recovery technologies. The company is dedicated to deploying cost-effective, efficient systems for CO2 capture that integrate smoothly with current infrastructures, all whileenhancing energy consumption and production. This enables clients to attain zero emissions throughout the development and application of resources.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 10 investments in Japan Proptech startups

Genesia Ventures is a venture capital firm focused on seed/early stage startups in Japan and Southeast Asia. Since it's inception in Dec 2016, Genesia Ventures has invested in over 90 companies in Japan, Indonesia, Vietnam, Singapore and the US. Genesia Ventures invests in various sectors: SaaS, marketplace, Media, Finance, Insurance,RealEstate, Healthcare, Medical, Travel, Education, Manufacturing, Construction, HR, Agriculture, Sports, Retail, Entertainment, etc.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Seed, Series A
  • Geography: Japan, Vietnam, Indonesia

Investor stats

  • Total investments: 229
  • Round size: Seed $691k–$14M; Series A $1.5M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $589M in 2017

Portfolio highlights

  • Taian — Taian, which specializes in bridal industry services and software. They also provide ''Concept Marry,'' which allows couples to design invites and seating charts that match their wedding theme, as well as display guest information on Oiwaii.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
  • Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 9 investments in Japan Proptech startups

Nissay Capital is a venture capital Company specializing in seed, start-up, growth capital, middle stage, and later stage investment.

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Investment focus

  • Industry: Health Care, Information Technology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 264
  • Round size: Seed $565k–$43M; Series A $2M–$71M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Welyco — Welyco is an information technology company.We operate smart restaurant "solto". Utilize IT to realize efficient and diverse restaurant management.
  • Toranotec — TORANOTEC CORPORATION aims to create a world where investment is familiar to everyone by realizing "from consumption to investment" through the services of asset management subsidiaries , utilizing advanced technology.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 8 investments in Japan Proptech startups

Mizuho is the venture capital firm affiliated to Mizuho Bank, the second-largest Japanese bank in terms of assets. The firm has headquarters in Tokyo.The firm has ¥49.6 billion JPY under management, focusing on information technology and biotechnology investments. Over 600 Mizuho companies have gone public. According to Nikkei, Mizuho is thefifth-largest venture capital firm in Japan.Mizuho Capital was formed in 2002 by the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment. Three firms were subsidiaries of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan respectively.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 477
  • Round size: Series A $2M–$79M; Series B $2.1M–$269M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • CaTe — CaTe is based in Tokyo. CaTe develops and manufactures a Digital Therapeutic (DTx) for remote cardiac rehabilitation. Their invention allows heart disease patients to safely and successfully complete cardiac rehabilitation utilizing standing exercise in a confined space, such as at home, without the use of ergometers or similar instruments.
  • bestat — bestat is a developer of platforms for 3D data creation, management, and utilization using AI and offers digital twins services.
  • FunPep — FunPep is an Industry-university collaboration bioventure company.
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East Ventures
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Proptech startups

East Ventures is an early stage venture capital (VC) focused on Southeast Asia, Indonesia & Japan. Success cases include Tokopedia, Traveloka, and Mercari.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, Singapore

Investor stats

  • Total investments: 523
  • Round size: Seed $473k–$13M; Series A $2M–$35M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Reject — Reject is an esports firm that focuses on management of its team REJECT, players, apparel business, and event management services.
  • Holo-X — Holo-X provides augmented, virtual, and mixed realities services and products.
  • Hyper8 — Hyper8 has been expanding Mespo through profits earned by operating social events.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Proptech startups

Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking. They are also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. The following lists the activities of SMBC, its subsidiaries andaffiliates in the various business segments.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 584
  • Round size: Series A $1.5M–$106M; Series B $3.1M–$184M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • Atom — Atom is a humanoid robot built platform. Its bipedal, dual-armed robots are designed not just as industrial tools but as collaborators that expand human capability. By combining advanced Physical AI—environmental perception, judgment, and action planning—with robust robotic hardware, Atom is creating adaptive agents capable of working acrossdiverse settings to augment or, where appropriate, replace human labor. The company positions these robots as a next step in societal evolution: a new class of machines that learn and behave in human-like ways to advance productivity, safety, and quality of life.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Proptech startups

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 576
  • Round size: Series A $1.2M–$74M; Series B $4.3M–$198M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • ADiXi — Adixi is a tech-driven business that supports the idea that people and technology may work together. It strives to open doors by utilizing cutting-edge technology, such as artificial intelligence, to promote long-term, sustainable corporate and societal progress.
  • WARPSPACE — ARPSPACE is a space startup originating from the University of Tsukuba, has been launching and working on a satellite development project at the University of Tsukuba for five years until the company was established.
  • Luxna Biotech — Luxana Biotech is a biotechnology firm dedicated to promoting the practical use of safe and effective nucleic acid therapies. Utilizing nucleic acid chemistry technology, the company strives to provide nucleic acid medicines to patients suffering from diseases that currently lack effective treatments.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Proptech startups

ANRI is a Japanese venture capital firm that mainly invests in seed and early-stage startups.

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Investment focus

  • Industry: Software, Medical, Health Care
  • Stage:Seed, Series A
  • Geography: Japan, United States, Indonesia

Investor stats

  • Total investments: 269
  • Round size: Seed $413k–$19M; Series A $2.3M–$41M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Any Style — Any Style develops a messaging app from voice actors that regularly sends messages via subscription. It also engages in the planning and production of audio content and the VTuber production business.
  • Chaintope — Chaintope is specializes in blockchain technology with a focus for FinTech and non-FinTech sectors.
  • Smile Robotics — Smile Robotics provides Service Robots in Japan.
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Japan Finance Corporation
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Proptech startups

Japan Finance provides a diversified portfolio of financial services to the small and medium enterprise sector.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Debt Financing, Seed
  • Geography: Japan, Hong Kong

Investor stats

  • Total investments: 199
  • Round size: Seed $496k–$24M; Debt Financing $536k–$57M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • AirKamuy — AirKamuy is an aviation company that designs and manufactures fixed-wing VTOL aircraft and drones with the help of modern technology.
  • Haul — Haul is a human resources company that provides recruitment consulting and marketing SaaS development services.
  • Sorabito — SORABITO is an eCommerce marketplace for used construction equipment and machinery.
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Global Brain Corporation
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Japan Proptech startups

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups. Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain hasmanaged a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 677
  • Round size: Series A $2.4M–$63M; Series B $4.3M–$109M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Eyeota — Engage your best customers with trusted audience data | enrich insights, enhance personalization and transform audience targeting.
  • Moi — Moi Corporation was founded to deliver on the promise of the Twitcasting social live streaming platform. We developed Twitcasting to enable people to stream and share live video anytime, anywhere - connecting the world in real-time. TwitCasting provides a live streaming social platform that enables real-time chat between broacasters andviewers, through apps or desktop. Users can follow their favorite broadcasters and receive notifications when new a new live stream is about to start. Broadcasters can save and publish their live streams for later viewing.In early 2014 we added "Collabo" to Twitcasting, enabling as many as 6 users to broadcast together, in a single display. Viewers can join a broadcast that is already streaming live and broadcast together. It is the first app to support multi-device broadcasting in a single stream on mobile and PC. Our user base has doubled every year, and hit 7.5 million in September, 2014. While the largest part of our base is in Asia, users in US, Brazil, Mexico and other Latin American countries are now growing rapidly. About 70% of our users are under 25 years old, & approximately 95% of broadcasters shoot on mobile. 
  • Deeping Source — Real-time Video Analytics based on Data Anonymization. High-accuracy computer vision for large-scale spaces: hypermarkets, shopping malls, convention centers, hospitals, logistics warehouses, construction sites, etc.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
ANOBAKA
VC Fund · Shibuya, Kanagawa, Japan · 6 investments in Japan Proptech startups

ANOBAKA is a Tokyo-based venture capital firm with rich group resources to add value to seed-stage startups. ANOBAKA actively invests in and supports startups aiming to be a global leader in the innovative Internet business and promising to greatly grow up in the future. ANOBAKA's investment focuses on fledgling seed-stage startups. Inaddition to investment financing, ANOBAKA provides founders with a variety of business support such as development consulting by our engineers, sales support, and international marketing support.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 167
  • Round size: Seed $330k–$11M; Series A $2.4M–$75M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Kakutoku — Nitlon Inc. provides crowdsourcing management services. The company was founded by Seiya Mitsuda on February 02, and is headquartered in Beppu, Japan.
  • AlarmBox — AlarmBox develops services that make use of professional knowledge of technology and corporate screening, and changes common sense of risk management of enterprise.
  • NexusAdvisors — NexusAdvisors operates AvaCareer, an AI-powered recruitment platform that leverages intelligent AI agents to support both companies and job seekers by streamlining hiring processes, enhancing candidate matching, and improving recruitment efficiency.
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MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Proptech startups

MSIVC is a venture capital firm that invests in Japanese and global startups scaling to IPO. It focuses on startups in verticals of Fintech, SaaS, Healthcare, AI, E-Commerce, Foodtech, and Environment etc.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 266
  • Round size: Seed $505k–$33M; Series B $1.8M–$85M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $1.4B in 2021

Portfolio highlights

  • FullDepth — FullDepth is a company that creates marine drones to aid with underwater monitoring. The company's drones work in tandem with marine navigation technology, which monitors and captures aquatic life, communicates data to connected devices, and provides infiltration information that can be freely used with a cloud service, allowing customers towitness and study marine life for educational and recreational purposes.FullDepth is a company that creates marine drones to aid with underwater monitoring. The company's drones work in tandem with marine navigation technology, which monitors and captures aquatic life, communicates data to connected devices, and provides infiltration information that can be freely used with a cloud service, allowing customers to witness and study marine life for educational and recreational purposes.
  • Peco Free — Peco Free is a school meal pre-order service that is selected using a smartphone.
  • Smart Craft
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UTEC - The University of Tokyo Edge Capital Partners
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Proptech startups

UTEC-The University of Tokyo Edge Capital Partners Co., Ltd.. UTEC is a seed/early stage technology focused venture capital firm associated with The University of Tokyo.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 195
  • Round size: Seed $2.5M–$35M; Series A $2.8M–$64M; Series B $2.8M–$100M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • TXP Medical — TXP Medical build a next-generation medical system through acute care.
  • Startbahn — Startbahn aims to realize a richer society by providing the technology needed by artists and people involved with art all over the world. We are developing Startbahn Cert., a service that issues blockchain certificates for artworks, and promoting the development of Startrail, a blockchain infrastructure that is the basis for Startbahn Cert. We alsorun joint projects with other companies.
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Delight Ventures
VC Fund · Shibuya, Kanagawa, Japan · 5 investments in Japan Proptech startups

Delight Ventures is a venture capital firm that thoroughly reduces the hurdles of entrepreneurship in Japan and supports entrepreneurs in the world. Entrepreneurship is taken as a natural career path, and we aim to be a society where both successful and unsuccessful people can continue to take on challenges.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, South Korea

Investor stats

  • Total investments: 85
  • Round size: Seed $577k–$26M; Series A $3.3M–$28M; Series B $3.1M–$283M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2019

Portfolio highlights

  • Ababa — Ababa provides recruitment and employment solutions.
  • CraftBank — CraftBank, Inc. is the start-up that operates online matching platform between constructors with having relations with 22k specialty constructors (10% coverage in the market). The company was succeeded in Management BuyOut in April 2021.
  • Josh Collaboration — Josh Collaboration is a software company that provides mailing, fax transmission, and partner management services.
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PKSHA SPARX Algorithm Fund
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Proptech startups

PKSHA SPARX Algorithm Fund focuses on start-ups and projects that have machine intelligence, AI-related and robotics technology.

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Human Resources
  • Stage:Seed, Series A
  • Geography: Japan, China, United States

Investor stats

  • Total investments: 35
  • Round size: Seed $953k–$7.4M; Series A $2.8M–$142M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Palplat — Palplat specializes in IT consulting and DX promotion utilizing as well as offers beauty counseling platform.
  • RoboTruck — RoboTruck develops autonomous driving technologies for huge trucks, as well as practical applications.
  • Datawise — Datawise is a data analytics company that specializes in area marketing strategy using data, information analysis, and AI algorithms.
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DNX Ventures
VC Fund · San Mateo, California, United States · 5 investments in Japan Proptech startups

DNX Ventues is an early stage VC firm focusing on B2B Startups that are shaping industries and transforming the way we live and work.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, Canada

Investor stats

  • Total investments: 349
  • Round size: Seed $684k–$21M; Series A $3M–$57M; Series B $4.7M–$71M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • SHIFT — Shift.com of San Francisco CA serving Oakland is one of the best pre-owned dealerships in CA. Call Sales <span class='callNowClass'>855-744-3873</span>
  • Uncover Truth — UNCOVER TRUTH is an analytics company that offers data visualization services through the web and mobile.
  • Diligent Robotics — We build robots like Moxi that assist hospital staff with routine activities so they can focus on caring for patients.
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Miraidoa
VC Fund · Kyoto, Kyoto, Japan · 4 investments in Japan Proptech startups

Future Venture Capital Co., Ltd. is a venture capital firm specializing in early stage investment. The firm invests in diversified investment in a broad range of industrial sectors. It seeks to invest in Japan. The firm prefers to be the lead investor in its portfolio companies. Future Venture Capital Co., Ltd. was founded in 1998 and is based inKyoto, Japan with offices in Tokyo, Aomori, Iwate, Yamagata, Kanazawa, Mie, Sakai, Kobe, and Ehime.

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Investment focus

  • Industry: Manufacturing, Health Care, Information Technology
  • Stage:Seed, Venture - Series Unknown
  • Geography: Japan, United States, Myanmar

Investor stats

  • Total investments: 154
  • Round size: Seed $338k–$16M; Venture - Series Unknown $186k–$3.5M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2020

Portfolio highlights

  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
  • Dioseve — Dioseve is providing novel possibilities for all life.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
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STRIVE
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Proptech startups

STRIVE focuses on investing in early-stage (Seed to Series A) internet and mobile companies. It seeks out companies in Japan, Southeast Asia, and India with top-notch management teams and strong market potential. It is not tied to strategic investments for GREE Inc. and leverages its pan-Asia expertise for guiding its portfolio in an engaged,hands-on role.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Series A
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 143
  • Round size: Seed $800k–$33M; Series A $2M–$142M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $10B in 2019

Portfolio highlights

  • ASUENE — Asuene involves in clean power retail business, retail SaaS business, etc.
  • Recompound — Recompound is a financial services startup that acts as a personal investment advisor for individuals to grow their stock market portfolios.
  • Testsigma — Powerful cloud-based test automation platform that lets you automate tests for web, mobile, desktop apps, and APIs in minutes. Sign up now!
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OPT Ventures
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Proptech startups

OPT Ventures is an investment and incubation firm that offers startups with venture capital, investments, IPO advice, management information services, and more. The company was established on February 27, 2015, and operates as an investment subsidiary of Opt Holding Corporation, an e-marketing company based in Tokyo, Japan.

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Investment focus

  • Industry: Software, E-Commerce, Content
  • Stage:Series A, Seed
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 43
  • Round size: Seed $1.5M–$68M; Series A $253k–$89M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • CirclePe — Backed by India's Top Investors, connect us with your new Landlord & get a Zero Deposit move-in for the 1st time ever.
  • Receptionist — Receptionist is a media firm that offers consulting and operational services to creates opportunities to update business communication.
  • Zeelab Pharmacy — Zeelab Pharmacy brings to you a high quality affordable generic medicines delivered to your doorstep with ecommerce & network of over 200+ stores in India.
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FINOLAB
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Proptech startups

Promote FinTech ecosystem in Japan by supporting FinTech initiatives of both startup and corporate members. and accelerating open innovation.

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Investment focus

  • Industry: Financial Services, FinTech, Blockchain
  • Stage:Seed, Series B, Angel
  • Geography: Japan

Investor stats

  • Total investments: 11
  • Round size: Seed $330k–$26M; Series B $2.2M–$11M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • JPYC — JPYC is a financial institution that issues the community stablecoin JPYC, which is pegged to the yen of Japanese. They want to create a society where everyone can develop by fusing the real world with the world of cryptocurrencies and increasing the liquidity of capital to achieve their goal of overcoming the social conundrum. It will promotecapital's liquidity and create an environment that helps in development for all.
  • Siiibo — Siiibo is a developer of an information platform intended to help private investors and companies to issue and purchase private bonds easily. The company's platform is creating a free, transparent, and fair direct finance that provides opportunities for an advisory to companies, such as support for diversification of funding using smallprivate placement bonds, and for building relationships with investors, enabling the private investors to get familiar with the issuance of corporate bonds.
  • Meme — MEME is a money app for parents and children to make money more familiar and simplifies the flow of money.
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Primal Capital
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Proptech startups

Primal Capital, an independent venture capital " incubator bait fund at ", served as the Associate than July 2012 Hiroshi was Sasaki is the venture capital fund that serves as the representative partner. Representative of Sasaki, the seed acceleration program "Incubate Camp" operated by Incubate bait fund is carried out a totalof four times of planning and management than in 2012, They have also engaged in support operations of portfolio companies. - See more at: https://www.crunchbase.com/organization/primal-capital#sthash.m2z1DCbt.dpuf

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Venture - Series Unknown
  • Geography: Japan, Spain, Switzerland

Investor stats

  • Total investments: 32
  • Round size: Seed $768k–$18M; Venture - Series Unknown $415k–$17M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $42M in 2014

Portfolio highlights

  • Gatebox — It is a research laboratory beyond dimension" which is researching and developing to realize "a world where you can live with a character". Therefore, Gatebox Co., Ltd. refers to itself as "Gatebox Lab" and conducts research and development beyond dimension in the area of ​​Akihabara day and night. Dreaming that day,coming to meet beyond dimension.
  • RemitAid — RemitAid is a fintech company that operates an overseas payment platform for cross-border transactions between companies.
  • Bizibl Technologies — Bizibl Technologies provides SaaS services for recruitment events.
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Globis Capital Partners
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Proptech startups, 17 in the past 12 months

Globis Capital Partners (GCP) is a venture capital firm in Japan. With its combination of local business presence through Globis Group and the experience of Western VC experience, GCP has set new VC standards in Japan, with hands-on, and in-depth industry expertise.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series A, Series B
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 198
  • Round size: Series A $2M–$142M; Series B $6.7M–$340M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $534M in 2023

Portfolio highlights

  • Taian — Taian, which specializes in bridal industry services and software. They also provide ''Concept Marry,'' which allows couples to design invites and seating charts that match their wedding theme, as well as display guest information on Oiwaii.
  • RoboTruck — RoboTruck develops autonomous driving technologies for huge trucks, as well as practical applications.
  • Knowledge Work — Knowledge Work specializes in the development and sales of software for companies.
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Headline Asia (formerly Infinity Ventures)
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Proptech startups

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

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Investment focus

  • Industry: Software, FinTech, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Japan, China, United States

Investor stats

  • Total investments: 145
  • Round size: Seed $661k–$9.7M; Series A $2M–$41M; Series B $2.2M–$103M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Rimowa — Rimowa designs characters not as mere “content,” but as immersive character operating systems that integrate naturally into everyday life, creating emotionally resonant experiences that seamlessly connect digital interaction, storytelling, and real-world consumer engagement.
  • Tokenz — Tokenz is a global payment platform designed to help digital content creators and businesses scale their revenue seamlessly. Supporting payment methods worldwide, Tokenz enables brands to build customizable web stores, optimize conversions, and expand direct-to-consumer sales. As a Merchant of Record (MoR), Tokenz ensures global tax compliance,fraud protection, and multi-currency transactions—allowing businesses to sell with confidence across international markets.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
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Spiral Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups, 13 in the past 12 months

Spiral Capital is a venture capital fund.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series A, Series B, Seed
  • Geography: Japan, United Kingdom

Investor stats

  • Total investments: 108
  • Round size: Seed $768k–$9.7M; Series A $1.1M–$78M; Series B $5.7M–$69M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • WAKA — WAKA is a studio that produces metaverse games and specializes in contract development for domestic businesses.
  • Mozu — MOZU operates a construction materials procurement platform.
  • AZUL Energy — AZUL Energy is a next-generation energy device that improves air battery performance, develops air battery-related products, and proposes eco-friendly and comfortable new lifestyles. They discovered that a catalyst electrode containing one of these pigments performed better than platinum carbon or existing catalyst electrode materials.
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Shizen Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

a privately run venture capital fund established by former business owners. We support challenging initiatives for Japan.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 21
  • Round size: Seed $183k–$26M; Pre-Seed $133k–$300k; Series A $892k–$4.8M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • MamaWell
  • Colega AI — Create engaging social media content every day with AI. Colega AI is your AI social media manager that helps your business grow and reach new customers.
  • Ocean — Ocean is a technology-driven company dedicated to promoting digital transformation in the tax-free and retail shopping sectors. By developing innovative digital platforms and integrated solutions, the company streamlines tax refund processes and enhances the overall shopping experience for international travelers and retailers alike.
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Saison Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

Saison Ventures is investment arm of Credit Saison.

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Investment focus

  • Industry: Software, Finance, Internet
  • Stage:Seed, Series B
  • Geography: Japan, Switzerland

Investor stats

  • Total investments: 43
  • Round size: Seed $113k–$20M; Series B $1.2M–$425M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Sisuta — Sisuta is a purpose-driven organization committed to addressing fundamental social issues by seamlessly integrating human insight with advanced technology, creating innovative solutions that empower individuals, strengthen communities, and unlock the full potential of both people and digital tools to drive sustainable social impact.
  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Snack Technologies — Snack Technologies specializes in the development and operation of “SnaTech,” an innovative business support application designed for snack bars, helping operators streamline daily management, improve customer engagement, optimize inventory and sales tracking, and enhance overall business efficiency through digital solutions tailored to the foodand hospitality industry.
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B Dash Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

B Dash Ventures does seed to late stage tech investments in Japan, Asia Pacific, and the U.S. LPs include Japan's largest technology companies and financial institutions including NTT Docomo, Mitsubishi UFJ Capital, GREE, NEC BIGLOBE, Fuji Television, and the Japanese government. B Dash Ventures also operates an incubation space inpartnership with Mori Building Co. and holds the invitation-based B Dash Camp conference.

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Investment focus

  • Industry: Information Technology, Apps, Internet
  • Stage:Seed, Series A
  • Geography: Japan, Taiwan, Switzerland

Investor stats

  • Total investments: 92
  • Round size: Seed $804k–$34M; Series A $1.6M–$44M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Spike Studio — Spike Studio Inc., established in November 2023, is a Tokyo-based company specializing in generative AI and large language models. Their mission is to enhance Japan’s labor productivity tenfold by integrating advanced AI solutions into client operations and services. The company offers customized AI solutions, system integration, data analysis,predictive modeling, and training programs to help clients leverage generative AI effectively. Co-founded by CEO Shigeru Kuroyanagi and COO Hirohide Sano, Spike Studio aims to address challenges such as declining international competitiveness, an aging population, and labor shortages in Japan.
  • Yosemite — Yosemite is a wellness company that provides health and wellness products, supplements, skincare, and personal care items.
  • Innovative Space Carrier — Innovative Space Carrier is a aerospace company that offers space transportation systems, planning, drafting and technology strategies.
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Mint
VC Fund · Higashi, Tokyo, Japan · 3 investments in Japan Proptech startups, 17 in the past 12 months

Mint operates as an independent venture capital firm specializing in the early stage of startups. It focuses on bridging the boundaries between finance and business, investors and entrepreneurs, creating a foundation for startup growth, and supporting entrepreneurs.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Marketing
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Singapore

Investor stats

  • Total investments: 43
  • Round size: Seed $326k–$3.4M; Series A $1.4M–$4.5M; Venture - Series Unknown $3M–$6.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
  • xCARE — xCARE specializes in the development and commercialization phases of the pharmaceutical and medical device industries.
  • Yellow Blue — Yellow Blue develops and operates "Blue One," a next-generation AI translation service designed for professionals.
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Energy & Environment Investment
VC Fund · Higashi-shinagawa, Tokyo, Japan · 3 investments in Japan Proptech startups

Energy & Environment Investment, Inc. (EEI) is Japan’s first venture capital specialized in the clean technology sector. With core members who have rich hands on experience in founding and managing venture companies, we aim to provide risk money and various strategic values to promising venture companies and businesses.

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Investment focus

  • Industry: Energy, Software, Internet of Things
  • Stage:Series A, Series B
  • Geography: Japan, United States, Canada

Investor stats

  • Total investments: 127
  • Round size: Series A $2.2M–$105M; Series B $3.7M–$283M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2019

Portfolio highlights

  • ASUENE — Asuene involves in clean power retail business, retail SaaS business, etc.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • TWO — TWO is a health and wellness company that offers innovative lifestyle solutions 2foods, a line of healthy and delicious food products.
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GMO VenturePartners
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

An investment that restructures the value and quality.Supplying big capital is not an essential value of our firm.We have a strong attitude to input and drive critical thinking behind a new startup.After the problem is clarified and solution become established in the world,people could not imagine the society without that solution.An investment that innovates this world.We will become a real partner to execute the strategy together.INVENTION OF THE ESSENCE ----we will keep on doing it.

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 164
  • Round size: Seed $1.3M–$71M; Series A $2M–$41M; Series B $5.2M–$170M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $415M in 2018

Portfolio highlights

  • Balus — Balus provides motion capture, Unity systems, and AR live permanent venues.The company provides character content infrastructure using real-time animation, we also support the production of original content. Balus provides the necessary technology for event planning, casting, VR events, recording and creation of production images, real-timemotion capture during live events, real-time transmission, event management, and systems that allow users to participate in the production.
  • Aperza — Aperza's mission is to contribute to redesigning the manufacturing industry by eliminating three barriers in the industry which are the barrier of information, transaction and communication which most of companies and people often face in this industry.Manufacturing industry is Japanese core industry. We would like to contribute to therebirth of this industry by those activities such as supporting those companies who challenges the global market and supporting those start-ups who tries brand-new industry trend such as Industry 4.0, smart factory or IoT. We believe that this lead to the increase of the people in this industry, and the growth of the industry eventually.
  • Monochrome — Monochrome is creating a home operating system in order to power the next generation of energy-producing homes and roofs. The company is based in Chuo Ward, Tokyo.
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Angel Bridge
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups, 17 in the past 12 months

Angel Bridge is a angel investor groups in Japan and provide high quality and abundant funds to excellent companies.

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Investment focus

  • Industry: Information Technology, Software, Consulting
  • Stage:Series A, Seed, Series B
  • Geography: Japan

Investor stats

  • Total investments: 73
  • Round size: Seed $792k–$28M; Series A $2.5M–$19M; Series B $6.5M–$47M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $152M in 2019

Portfolio highlights

  • Recerqa — Recerqa is a supply chain management SaaS that utilizes advanced development technology and AI to improve the purchasing, inventory, and sales management experiences.
  • Mign — Mign offers a generative AI-related SaaS solutions for the construction and real estate fields.
  • Henry — Henry develops and provides a cloud-based electronic medical record and receipt system for small and medium-sized hospitals.
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JAFCO
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

Since its founding in 1973, JAFCO has always worked with leading-edge entrepreneurs. The total capital commitments of its investment funds in Japan and overseas have exceeded 1 trillion yen and the number of portfolio IPOs to date has reached over 1,000. In addition to venture investment, JAFCO also carries out buyout investment and commit to thecreations of innovative technologies and services worldwide. As entrepreneurs’ closest partner in bringing their visions to life, JAFCO provides support in areas of HR, marketing/ sales, and back-office operations, in addition to providing financing.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 304
  • Round size: Series A $2.1M–$142M; Series B $6.4M–$184M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • ADiXi — Adixi is a tech-driven business that supports the idea that people and technology may work together. It strives to open doors by utilizing cutting-edge technology, such as artificial intelligence, to promote long-term, sustainable corporate and societal progress.
  • Alxtal — Alxtal is a tech company who optimize the development, design, and manufacturing processes of the manufacturing industry with IT and AI.
  • Yokohama Vanilla — Yokohama Vanilla is a Company which operates Yokohama-based gift sweets brand.
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Coral Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups, 9 in the past 12 months

Coral Capital is a seed stage venture capital firm in Japan.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, Denmark

Investor stats

  • Total investments: 105
  • Round size: Seed $551k–$27M; Series A $3.5M–$99M; Series B $7.6M–$184M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $128M in 2021

Portfolio highlights

  • Henry — Henry develops and provides a cloud-based electronic medical record and receipt system for small and medium-sized hospitals.
  • Ruten — Ruten is a brain-machine interface company that specializes in reconstructive treatments for infeasible and ineffective conditions.
  • Tokenz — Tokenz is a global payment platform designed to help digital content creators and businesses scale their revenue seamlessly. Supporting payment methods worldwide, Tokenz enables brands to build customizable web stores, optimize conversions, and expand direct-to-consumer sales. As a Merchant of Record (MoR), Tokenz ensures global tax compliance,fraud protection, and multi-currency transactions—allowing businesses to sell with confidence across international markets.
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Gazelle Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

Gazelle Capital is a venture capital and investment firm.

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Investment focus

  • Industry: Software, Apps, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Japan, China, Singapore

Investor stats

  • Total investments: 18
  • Round size: Seed $268k–$2.2M; Series A $483k–$3.5M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Lingble — Jumpstart your e-commerce with Lingble: a full-service solution for companies to effortlessly sell their products globally online.
  • Any — any. develops and offers knowledge sharing tool Qast.
  • Vlightup — Vlightup is a technology company dedicated to enhancing security and trust in the Web3 ecosystem. Vlightup develops innovative solutions that integrate blockchain technology to create transparent and fair digital economic infrastructures. Vlightup continues to develop cutting-edge technologies that reinforce digital security, empowering users toengage in blockchain transactions.
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Gaiax
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

Gaiax is a startup studio that focuses on social media and the sharing economy to connect people in order to solve social issues. The company is also actively investing in sharing economy services both inside and outside the company, as a result of social media penetration, and 60% of new graduates are growing as startup studios that produceentrepreneurs.

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Investment focus

  • Industry: Real Estate, Travel, Content
  • Stage:Seed, Angel
  • Geography: Japan, Italy

Investor stats

  • Total investments: 17
  • Round size: Seed $171k–$7.9M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • D-Chain — D-Chain offers services related to IT development and production in the Web3 and Web2 fields.
  • Xtraveler — Xtraveler is a travel company that provides hotel searches, accommodations, and lodging facilities.
  • Piece — Piece is a digital real estate platform offering the easiest and most transparent way to participate in income-producing real estate in Europe. Our mission is to make real estate ownership inclusive and more accessible.
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First Light Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

First Light Capital is venture capital firm.

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Investment focus

  • Industry: Information Technology, Software, Advertising
  • Stage:Seed, Series A, Series B
  • Geography: Japan, Hong Kong, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $553k–$24M; Series A $2M–$120M; Series B $3.2M–$198M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Monogusa — Monoxer is a Information Technology.
  • Monochrome — Monochrome is creating a home operating system in order to power the next generation of energy-producing homes and roofs. The company is based in Chuo Ward, Tokyo.
  • Japan Legal System Institute — Japan Legal System Institute (JLSI), our primary value is to provide products that exceed user expectations.
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DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 3 investments in Japan Proptech startups, 9 in the past 12 months

DBJ Capital Co., Ltd. was founded in June 2010 through the integration of two venture capital firms of the DBJ Group, New Business Investment Co., Ltd. and Intellectual Properties Development & Investment, Inc. We are a wholly-owned subsidiary of Development Bank of Japan Inc.At DBJ Capital, we focus on venture firms which use newtechnologies and business models to grow and compete on the global market, regardless of their industry or scale. To meet the particular needs of each client, we mobilize the entire DBJ Group to arrange the best investment solutions, ranging from growth-spurring equity investment to financing schemes drawing on DBJ's vast networks.We also assist in venture start-ups. Our value enhancement team provides the kind of comprehensive, hands-on support needed to commercialize outstanding intellectual property and technologies developed by firms, research labs, and universities, and to carve out a place for them in the market.DBJ Capital will continue to play in a part in Japan's economic revival - by helping the firms we invest in to grow, and by encouraging the creation of new industries in Japan.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series A, Series B
  • Geography: Japan, United States, Australia

Investor stats

  • Total investments: 160
  • Round size: Series A $2.7M–$85M; Series B $4.6M–$184M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Creattura — Creatura assists companies in reducing greenhouse gas emissions by generating and distributing carbon credits and promoting the adoption of renewable energy sources.
  • Scohia Pharma — Scohia Pharma is a biotech venture that will have both substantial research and development resources and be nimble enough to make decisions quickly, will strive to improve patient quality of life by providing patients and healthcare professionals with new therapeutic medications for renal, metabolic.
  • Arrowsmith — Arrowsmith is committed to unlocking the full potential of bacteriophages to revolutionize the treatment of bacterial infectious diseases. Through transformative science, Arrowsmith strive to create a world free from the pain and fear caused by antimicrobial resistance.
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Money Forward Venture Partners
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups

Money Forward Venture Partners operates HIRAC FUND, a seed fund specializing in seed and early-stage startups.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Japan, United States, Hong Kong

Investor stats

  • Total investments: 51
  • Round size: Seed $913k–$64M; Series A $892k–$33M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $419M in 2020

Portfolio highlights

  • bellFace — bellFace is an InsideSales System specialized targetted for Business to business sales customer support.No log in, no installation required. No matter where you are, it connects in 5 seconds becacuse it operates in the browser (patented). The audio system is connected through the telephone lines, there is no interruption like with Web meetingsystems. bellFace which is specific to sales, comes with document sharing and script function, so your experience is just like face to face communication . It is also suited for inside sales.
  • WineBank — "WineBank" is a real-time online wine management and investment solution that we offer. In addition to operating a restaurant, it runs a sales company for food, drink, and other items.
  • Mourning Clothes Rescue — Mourning Clothes Rescue operates a specialized clothing rental model utilizing automated, 24-hour unmanned storefronts. Users complete reservations and payments through smartphones to instantly access physical retail outlets via smart locks. This continuous availability solves the immediate challenge of acquiring formal attire on short noticeduring unexpected bereavement. By removing traditional staff overhead, the system passes cost efficiencies to consumers while providing private, on-site fitting options and long-term rental periods.
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Keio Innovation Initiative
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Proptech startups, 13 in the past 12 months

Keio Innovation Initiative (KII) is a venture capital established by Keio University. In order to make more effective use of the research results of Keio University, we aim to contribute to the development of society by creating investment for venture companies that utilize research results and creating new industries.The key to thinking aboutJapan's future growth strategy is to utilize advanced research results of the university. In addition to GDP, in addition to GDP, Japan is the world's third largest R & D exporter in R & D expenses, but as the low growth rate shows, it has a problem in investment efficiency in research and development. There are also reports on the entrepreneurial spirit that is indispensable for creating new industries, with the lowest entrepreneurial activity rate among developed countries.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Seed
  • Geography: Japan, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Seed $826k–$50M; Series A $2.2M–$64M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • JiMED — JiMED designs & develops AI based brain-computer interface for implant in ALS patients to improve communication.
  • Starlight Engine — Starlight Engine develops and commercializes fusion energy power plant technologies.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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JR East Start Up
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

JR East Startup Program is a program operated by East Japan Railway that provides incubator and accelerator services to startups in Japan. The firm was founded in February 2018 and is based in Minato-ku, Tokyo, Japan.

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Investment focus

  • Industry: Information Technology, Internet, Task Management
  • Stage:Series B, Seed
  • Geography: Japan, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $140k–$43M; Series B $1.2M–$283M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Yuime — Yuime is an HR consulting firm that offers agricultural staffing, contract farming, and recruitment services.
  • ARK — ARK is a manufacturer of special wards that designs and delivers a sustainable aquaculture solution.
  • Lineside Marugoto — Lineside Marugoto is a lineside rehabilitation company that entails converting derelict houses along railway lines into hotel rooms and treating the entire lineside neighborhood as a hotel.
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Japan Post Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

Japan Post Capital is an investment and management financial consulting business.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Marketing
  • Stage:Series B, Series A
  • Geography: Japan, United States, Turkey

Investor stats

  • Total investments: 85
  • Round size: Series A $1.3M–$128M; Series B $6.5M–$283M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Sazo — Sazo specializes in constructing a global e-commerce and logistics network with AI.
  • X Mile — Corporate Site:https://www.xmile.co.jp/ Service Site:https://x-work.jp/
  • SUSHI TOP MARKETING — SUSHI TOP MARKETING is an IT company that offers marketing, NFT utilization, and consulting services.
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Seibu Shinkin Capital
VC Fund · Shioya, Kumamoto, Japan · 2 investments in Japan Proptech startups

Seibu Shinkin Capital is an investment, M & A, and incubation office that contributes to the promotion of the local economy.

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Investment focus

  • Industry: Task Management, Artificial Intelligence, Robotics
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 41
  • Round size: Seed $275k–$56M; Series A $963k–$255M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • STYZ — Styz is a non-profit service platform that creates money flow and socially inclusive design methods for new and existing businesses.
  • SCHOLE — We support next-generation leader development and management training using the business simulation "BMG" supervised by a professor at Waseda Business School. Providing hands-on learning opportunities through theory and expertise. Numerous implementations at major companies including Toyota and Lion.
  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
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Mitsubishi HC Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

Mitsubishi UFJ Lease & Finance prove worthy of the trust of customers, shareholders and employees as contribute to realize a more prosperous society.

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Investment focus

  • Industry: Energy, Renewable Energy, Medical
  • Stage:Debt Financing, Seed, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 23
  • Round size: Seed $3.5M–$81M; Series B $12M–$62M; Debt Financing $85M–$921M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • PXP — PXP is a green tech development firm that develops clean energy using next-generation photoelectric conversion elements.
  • SPACECOOL — Spacecool offers zero-energy cooling materials that radiate heat to space, reducing temperatures and mitigating global warming.
  • Prediction — Prediction is an advertising company that provides video advertising media and AI-powered potential customer estimation services.
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CAC CAPITAL
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

CAC Capital is a multi-strategy corporate venture capital. It pursues absolute fund returns through diversified investments and flexible allocations to venture companies with high growth potential.Supporting the Group's open innovation through means such as support for growth and collaboration of investee venture companies through hands-onin management, marketing, finance, and operations.In addition, aiming to realize high performance as a fund, we will operate a “multi-strategy” type fund that aims to achieve absolute profits by utilizing advanced management strategies and managing and managing portfolios.

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Investment focus

  • Industry: Internet, Recruiting, Logistics
  • Stage:Series A, Seed
  • Geography: Japan, Malaysia, India

Investor stats

  • Total investments: 18
  • Round size: Seed $275k–$1.3M; Series A $1.5M–$43M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $442M in 2018

Portfolio highlights

  • ClaimBuddy — ClaimBuddy acts as one-stop solutions for Health Insurance Claim assistance for Patients and Hospitals. ClaimBuddy are building an ecosystem to ensure Hassle-free insurance claims by leveraging technology, and a set of simple yet powerful processes and operations.
  • LiveIn — LiveIn is a hospitality company that offers long term room rental. Enjoy quality assured room, cleaning services, maintenance and community activities. Find out more!
  • LetsTransport — Lets transport is a “Last mile” logistics solution provider. Their solutions are reliable, professional, economical and structured to serve businesses as well as consumers. They currently provide Tata Ace on demand as well as on attachment basis.
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Mitsubishi Estate
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

A comprehensive real estate developer, Mitsubishi Estate Co., Ltd. boasts the leading position in the Japanese market, operating a spectrum of businesses in diverse fields related to real estate, including an office building business centered on the Marunouchi district in central Tokyo, a retail property business, a residential business, and hotelbusiness. The Company's area of operations is not confined to Japan; it includes the United States and the United Kingdom and extends to such Asian countries as China and Singapore.The strength of the Mitsubishi Estate Group lies in its comprehensive business structure, which encompasses Group members that seamlessly cover businesses ranging from development to leasing and property management. Looking at the real estate industry in countries overseas, in most places, the industry is divided into two main groups: developers and property managers. In contrast, the Mitsubishi Estate Group operates under a policy of maintaining ownership of the majority of the properties that it has developed. This enables the Group to pursue urban development with an eye to the future-a future of not only a decade or 50 years but as much as a hundred years from now.

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Investment focus

  • Industry: Real Estate, Information Technology, Internet
  • Stage:Series B, Series A
  • Geography: Japan, Singapore, United States

Investor stats

  • Total investments: 37
  • Round size: Series A $2.7M–$142M; Series B $4.6M–$65M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • iYell — iYell Mortgage Platform consists of three pillars, Media that can be used for marketing, Technology to make the procedure more efficient.
  • T2 — T2 Co offers services like automatic driving of huge trucks to provide a trunk transportation service.
  • Free Standard — Free Standard is a developer platform that offers product development and recommerce business implementation for the retail industry.
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DOGAN beta
VC Fund · Fukuoka, Fukuoka, Japan · 2 investments in Japan Proptech startups

They believe that the fundamental challenge facing the local economy is the lack of employment diversity. Although it is a simple example, it is easier to understand if you compare the Tokyo metropolitan area with Kyushu and list the companies that can achieve annual income of 10 million yen at the age of 30 (probably with a head office in KyushuMost companies with the highest annual income will be infrastructure company

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Investment focus

  • Industry: Information Technology, Health Care, Task Management
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 44
  • Round size: Seed $233k–$10M; Series A $1.5M–$152M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Foodcam — Foodcam aims to build a comprehensive overseas distribution infrastructure for Japanese food products, enabling manufacturers and suppliers to efficiently expand into international markets through streamlined logistics, supply chain management, and global distribution solutions.
  • EUV Photon — EUV Photon is an irradiation services company that conducts processing, evaluation, and measurement of materials for EUV lights.
  • 12 Pharmacy — 12 Pharmacy is a pharmaceutical company that specializes in manufacturing and providing medicines and services for veterinary hospitals.
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Accord Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

Accord Ventures is a venture capital firm that believes in and supports the potential of Asian entrepreneurs. It has invested in more than 50 startups in Japan, the United States, Taiwan, and Southeast Asia, and new technologies that bring new value to society, such as IoT, AI, and fintech, with a focus on platform businesses that utilize ITtechnology. And new services are supported.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, Malaysia, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $775k–$21M; Series A $3M–$45M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Opt Fit — Opt Fit is a fitness industry that provides fitness, wellness and health-care services.
  • Yondemy — Yondemy is an online platform for children reading books.
  • Thinkfree — Deploy a self-hosted productivity suite inside your own infrastructure. Thinkfree offers on-premise online office, private cloud storage, and LLM-integrated document workflows for enterprise and SaaS platforms.
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Dentsu Digital Holdings
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

Dentsu Digital Holdings is a business management company that provides digital communication solutions and services.The company offers strategy solutions such as data capabilities in various industries, applications of cross-industry know-hows and experiences, and data analysis to identify strategic scenarios and KPI; planning solutions,including unified planning which combines mass media and real promotions, and digital creative agency services; and execution and operational solutions such as stable management framework, brand exposure management, and scenario revision based on a range of effectiveness measurement tools and databases.The company also provides internet advertising, advertising networks, and SEM services for agencies; marketing strategy planning, response management, support for direct businesses, and database marketing; marketing technology planning, development, and management; and digital and advertising agency, mobile marketing, online advertising, and interactive services.In addition, the company is engaged in the areas of digital marketing platforms and digital media, digital technology, social marketing, digital devices, and new business models using digital technology in Japan, East Asia, the United States, and Europe. It also manages venture capital funds, making strategic investments in the new IT-based communications domain.Dentsu Digital Holdings was founded in 2000 and is based in Tokyo, Japan. It operates as a subsidiary of Dentsu Inc.

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Investment focus

  • Industry: Internet, Software, Financial Services
  • Stage:Series B, Series A
  • Geography: Japan

Investor stats

  • Total investments: 21
  • Round size: Series A $1M–$142M; Series B $223k–$72M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Viibar — Viibar has a mission of "Opening the horizon of videos and making the world positive." We delve into the area of Video Tech through "Video SaaS Business", "DX Business for Media Platformers", and "Liver Success Business", and support the utilization of video by companies and individuals with technology andnew mechanisms.
  • Kyash — Kyash is a Japanese fintech startup offering consumer / business payment services. Kyash was founded on January 23, 2015, and is based in Tokyo, Japan.
  • Agile Media Network — Agile Media Network is a Tokyo-based advertising network and blog marketing company for blogs and social media. Much like Federated Media in the US, Agile Media Network, is well known for working with many top blogs, i.e. Engadget Japanese.The company, one of the biggest of its kind in Japan, provides a number of solutions in the advertisingand planning fields for its clients. For example, Agile Media Network handles and organizes banner ad sales, large-scale blogger meetings, web industry events or campaign blogs.In August 2009, the company organized WISH 2009, a web industry event in Tokyo at which startups were given the chance to demonstrate their services onstage to an audience of over 400 people.
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ITOCHU Corporation
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

The history of ITOCHU Corporation (hereinafter "ITOCHU") dates back to 1858 when the Company's founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years into a sogo shosha, engaging in domestic trading, import/export, and overseas trading of various products such as textiles,machinery, information and communications-related products, metals, products related to oil and other energy sources, general merchandise, chemicals, and provisions and food. In addition, ITOCHU has made multifaceted investments in insurance agencies, finance, construction, real estate trading, and warehousing as well as operations and businesses incidental or related to those fields.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 166
  • Round size: Series A $4M–$184M; Series B $6.9M–$269M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Benefuel — Benefuel is commercializing the world’s most advanced, solid catalyst biodiesel refining platform, capable of producing high quality biodiesel from almost any type of feedstock and thereby transforming the old model of large batch, centralized fuel production and fragmented distribution into a new model of localized production and consumption fromthe vast array of renewable, inedible fats and oils available in the global market.
  • Moixa Technology — Moixa Technology develops the Maslow intelligent energy storage solution, enabling homes to store energy and benefit from revenue streams generated by trading energy through GridShare, an SaaS platform that aggregates energy from groups of Maslow energy storage systems. . The company develops smart DC technologies to power DC lighting, computing,electronics from grid-shifted storage or local PV from smart DC hubs, variable DC networks and sockets. The technology and IPR reduces grid peak by shifting DC device load and powering DC devices efficiently without inverters or AC/DC adaptors, together with providing smart control and energy management. The technology aims to address the 1 trillion kwh + lost annually in power conversion, and the significant growing DC demand in homes, offices from ICT, LED lighting and the rise in internet connected devices.
  • OUE Lippo Healthcare (OUELH) — OUE Lippo Healthcare Limited (“OUELH”) is a subsidiary company of OUE Limited (“OUE”) and is listed on the Catalist Board of Singapore Exchange Securities Trading Limited. OUE and OUELH are member companies of Lippo Group, one of the Asia’s largest and most diversified conglomerates with close to 20 listed companies across Asia and serving over 60million customers annually.
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ITOCHU Technology Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Proptech startups

ITOCHU Technology Ventures (ITV), based in Tokyo, is the venture capital arm of ITOCHU Corporation. ITOCHU is one of the world's largest corporations with offices in over 80 countries and operations that cover a broad spectrum of industries. ITV's mission is to invest and help build leading information technology companies by leveraging avast array of resources both domestically and internationally throughout ITOCHU and its group companies. The ITOCHU group has a long history of funding information technology companies with successes including Siebel Systems, NVIDIA, Openwave and Aruba Networks. Current portfolio includes, Box, Fab, Ooyala, WHILL, Tokyo Otaku Mode, etc.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B
  • Geography: Japan, United States, Belgium

Investor stats

  • Total investments: 148
  • Round size: Series A $4M–$101M; Series B $4.2M–$213M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2019

Portfolio highlights

  • CMerTV — CMer TV is a platform that connects advertisers with newspapers, magazines, and specialized media by video
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
  • Pixie Dust Technologies — Pixie Dust Technologies is a developer of computational technologies, including its ultrasonic phased array system with which one can generate force in mid-air; transport things in mid-air without touching anything; target and deliver different sounds from person to person in a crowd; direct guide-dogs; and even apply this in agricultural farming.
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Proptech VC funding in Japan at a glance

Stats across 550 deals from 661 investors.

661
investors
in Japan Proptech startups
550
deals
in Japan Proptech startups
$8.9M
median round
in Japan Proptech startups
31%
lead investors
lead at least one round
19%
Seed
most common funding stage

Access all 661 VC funds in Japan Proptech startups.

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