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Top 50 Retail Startup Investors in Japan (July 2026)

The most active venture capital funds and angel investors investing in Japan Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Japan Retail startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Mizuho Capital
VC Fund
7 Japan, United States, Singapore Series A, Series B Information Technology, Software, Internet $1.8M–$340M
Mitsubishi UFJ Capital
VC Fund
4 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.2M–$269M
Hakuhodo DY Ventures
VC Fund
4 Japan, Australia, Singapore Series A, Series B Marketing, Health Care, Information Technology $1.8M–$156M
DBJ Capital
VC Fund
3 Japan, United States, Australia Series A, Series B Software, Health Care, Medical $2.7M–$354M
SMBC Venture Capital
VC Fund
3 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $2.3M–$269M
ENEOS
VC Fund
2 Japan, United States, India Series B, Series C Energy, Robotics, Clean Energy $1.3M–$160M
Energy & Environment Investment
VC Fund
2 Japan, United States, Canada Series A, Series B Energy, Internet of Things, Software $2M–$553M
MT Partners
VC Fund
2 Japan Seed, Series A Apps, Beauty, Energy
Coral Capital
VC Fund
2 Japan, United States, Denmark Seed, Series A, Series B Software, Information Technology, SaaS $1M–$184M
SBI Shinsei Corporate Investment
VC Fund
2 Japan Series A, Series B, Venture - Series Unknown Apps, Energy, Retail $1.5M–$3.5M
VOYAGE VENTURES
VC Fund
2 Japan, China, Germany Seed, Series A Software, Internet, Content $200k–$77M
Life Design Fund
VC Fund
2 Japan Series A, Series B, Series C Retail, EdTech, Leisure
Genesia Ventures
VC Fund
2 Japan, Vietnam, Indonesia Seed, Series A Information Technology, Software, Health Care $774k–$50M
Incubate Fund
VC Fund
2 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $314k–$91M
Hakuhodo DY Media Partners
VC Fund
2 Japan Series A, Seed Media and Entertainment, Content, Advertising
Yokohama Capital
VC Fund
2 Japan Series A, Series B Software, Health Care, Information Technology $172k–$241M
Money Forward Venture Partners
VC Fund
2 Japan, United States, Hong Kong Seed, Series A Information Technology, Software, Artificial Intelligence $892k–$64M
Headline Asia (formerly Infinity Ventures)
VC Fund
2 Japan, China, United States Series A, Seed, Series B Software, Financial Services, FinTech $661k–$103M
NOW Japan
VC Fund
2 Japan Seed, Series A Content, Marketing, Software $771k–$30M
Toppan Printing
VC Fund
2 Japan, United States, India Corporate Round, Series B Financial Services, Software, Health Care $2M–$553M
KEPPLE Capital
VC Fund
1 Japan Seed, Series A, Series B Retail, Content, Software
GENDA Capital
VC Fund
1 Japan Series A Wellness, Analytics, Health Care
SATUDORA HOLDINGS
VC Fund
1 Japan Series B, Series D Manufacturing, Sales, Retail
D2 Garage Japan
VC Fund
1 Japan Seed Apps, Water, Hunting
POLAR SHORTCUT
VC Fund
1 Japan Retail, Manufacturing, Food Processing
Colopl Next
VC Fund
1 Japan, United States, South Korea Seed, Series A Virtual Reality, Software, E-Commerce
Giftee
VC Fund
1 Japan Series A, Debt Financing Marketing, Internet, CRM
OASIS FUND
VC Fund
1 Japan Retail, Manufacturing, Food Processing
i-nest capital
VC Fund
1 Japan, United States Series A, Seed Financial Services, Gaming, Video Editing
JAFCO Group
VC Fund
1 Japan, United States Series B, Series C Information Technology, Software, Health Care
KOZOCOM
VC Fund
1 Japan Series A Fruit, Retail, Wholesale
B Dash Ventures
VC Fund
1 Japan, Taiwan, United States Seed, Series A Internet, Information Technology, Apps $229k–$928M
SHIKIGAKU
VC Fund
1 Japan Seed, Corporate Round, Series B Consulting, Retail, Payments
Ardian
VC Fund
1 France, Italy, United States Private Equity, Secondary Market Software, Information Technology, Manufacturing $7.7M–$4.1B
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund
1 Japan, United States, India Seed, Series B Software, Information Technology, Health Care $1.1M–$198M
Innovation Network Corporation of Japan
VC Fund
1 Japan, United States, United Kingdom Series B, Series A Manufacturing, Software, Robotics $5M–$369M
Dubai Electricity and Water Authority
VC Fund
1 Japan, United Arab Emirates Series A, Post-IPO Secondary Energy, Retail, Sustainability
Chushin Venture Capital
VC Fund
1 Japan Series A, Seed, Series B Biotechnology, Health Care, Manufacturing $955k–$128M
ABC Dream Ventures
VC Fund
1 Japan, Singapore Series A, Seed Information Technology, Content, Social Media $3.7M–$43M
Culture Convenience Club (CCC)
VC Fund
1 Japan, United States Seed, Series A, Series B Beauty, Retail, Blockchain
Orient Corporation
VC Fund
1 Japan Series A Retail, Product Design, Management Consulting
Yasuyuki Kin
Angel
1 Japan Seed, Angel, Pre-Seed Media and Entertainment, Recruiting, Career Planning $1.4M–$14M
Niklas Eklund
Angel
1 Sweden, Japan, Denmark Seed, Series A, Angel Software, Apps, Internet $289k–$7.4M
ANOBAKA
VC Fund
1 Japan, United States, India Seed, Series A Artificial Intelligence, Software, Information Technology $382k–$99M
Mizuho Bank
VC Fund
1 Japan, United States, Singapore Debt Financing, Post-IPO Debt Information Technology, Artificial Intelligence, Software $1.3M–$8B
Gogin Capital
VC Fund
1 Japan, Kenya Series B, Series A, Seed Consulting, Manufacturing, Medical $755k–$82M
Yoshikazu Azuma
Angel
1 Japan Series A Retail, Security, Marketing
Dai-ichi Life
VC Fund
1 Japan, Tanzania, Philippines Series B, Series C Health Care, Renewable Energy, Energy $5.2M–$369M
Miraidoa
VC Fund
1 Japan, United States, Myanmar Seed, Series A Health Care, Manufacturing, Information Technology $933k–$58M
Daiwa Corporate Investment
VC Fund
1 Japan, United States, France Series A, Seed Software, Task Management, Internet $4.3M–$71M
Access all 301 investors in Japan Retail startups.

Access 48,091 investors

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

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Investor list

Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Retail 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, Internet
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 459
  • Round size: Series A $1.8M–$115M; Series B $2.4M–$340M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • CaTe
  • FunPep — FunPep is an Industry-university collaboration bioventure company.
  • Triorb — Triorb is a technology company that specializes in robot mobility development with the help of software and hardware solutions.
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Retail 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: 547
  • Round size: Series A $1.2M–$86M; Series B $4.2M–$269M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • Caguuu — Caguuu offers high-quality designer furniture at affordable prices, through e-commerce, eliminating middlemen and store operating costs.
  • Diggle — DIGGLE is a service that provides fundamental management accounting management on the cloud called fraud management. It is possible to reduce the mistakes and man-hours of the fraud management task and easily carry out the fraud management task even if it is not an expert in finance or accounting.DIGGLE covers budget creation work and budgetrecord comparison work, especially in the foreman management work. In the budget creation work, the KPI and the budget are automatically created by inputting the target numerical value to the preset parameters utilizing the budget generator function, while the forecast contrasting work is made up of the financial information, non-financial information It is easy to calculate by simply entering the numerical value, and it is possible to carry out calculation of the forecast contrast.
  • Instalimb — Instalimb is the world's first 3D printing prosthesis business.
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Hakuhodo DY Ventures
VC Fund · Minato, Chiba, Japan · 4 investments in Japan Retail startups

Hakuhodo DY Ventures is a corporate venture capital firm.

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Investment focus

  • Industry: Marketing, Health Care, Information Technology
  • Stage:Series A, Series B
  • Geography: Japan, Australia, Singapore

Investor stats

  • Total investments: 72
  • Round size: Series A $1.8M–$99M; Series B $3.3M–$156M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Creator's X — Creator's X is an anime production firm that focuses on developing animation production assistance tools using AI.
  • Forest — Forest Co., Ltd. operates as an e-commerce aggregator, seeks to identify sustainable, high-quality products and brands that embrace the spirit of Japan and help them grow and enter the global market by using the power of technology.
  • Third Intelligence — Third Intelligence is an AI research and development firm dedicated to producing a new type of intelligence and achieving artificial general intelligence (AGI). Through cutting-edge research, advanced algorithm development, and large-scale computing capabilities, the company aims to push the boundaries of machine cognition, enabling systems thatcan reason, learn, and adapt across diverse domains.
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DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 3 investments in Japan Retail startups

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, Medical
  • Stage:Series A, Series B
  • Geography: Japan, United States, Australia

Investor stats

  • Total investments: 155
  • Round size: Series A $2.7M–$113M; Series B $6.9M–$354M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Ginco — Ginco's goal is to Change the relationship between individuals and assets by making full use of block chain technology. The primary focus of Ginco, its cryptocurrency wallet app, is centered around dApp and the On-Chain function, and the company plans to expand its business in a multifaceted manner while watching trends in the ecosystemdevelopment. In the future, they were told that they have the possibility of developing with DEXs (decentralized exchanges).
  • Shonai — Shonai is a real estate company that focuses on the development of residential and commercial properties.
  • 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.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Retail 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: 551
  • Round size: Series A $2.3M–$128M; Series B $3.2M–$269M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Etaily — Etaily provides e-commerce and retail solutions in the Philippines, enabling brands with end-to-end services, from store management to fulfillment.
  • Fermelanta — Fermelanta produces rare plant-based ingredients through microbial fermentation. It engineers a cell to build a biosynthetic pathway of target molecules with gene transfer and disruption.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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ENEOS
VC Fund · Otemachi, Tokyo, Japan · 2 investments in Japan Retail startups

Website of ENEOS.

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Investment focus

  • Industry: Energy, Robotics, Clean Energy
  • Stage:Series B, Series C
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 17
  • Round size: Series B $1.3M–$30M; Series C $14M–$160M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Zypp Electric — Rent electric 2W scooters & 3W Loader with Zypp. Affordable EV rental solutions for delivery partners & businesses. Eco-friendly last-mile delivery.
  • Glydways — Glydways, formerly Wayfarer is a transportation technology and clean energy company based in South San Francisco, California. It specializes in the design, manufacture, installation, and operation of affordable autonomous transportation for low, medium, and extremely high-capacity needs.
  • Green Revolution Cooling — Green Revolution Cooling they provide cooling technologies, that help companies to grow computing power sustainably, and limitlessly.
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Energy & Environment Investment
VC Fund · Higashi-shinagawa, Tokyo, Japan · 2 investments in Japan Retail 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, Internet of Things, Software
  • Stage:Series A, Series B
  • Geography: Japan, United States, Canada

Investor stats

  • Total investments: 123
  • Round size: Series A $2M–$105M; Series B $3.7M–$553M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2019

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.
  • Hacobell — Hacobell is a logistics company that offers services in freight servicing, dispatch, and delivery.
  • Power Wave — Power Wave seeks a carbon-neutral world using wave technology for wireless power, tackling global warming and fuel depletion.
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MT Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

MT Partners provides real estate management and financial services.

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Investment focus

  • Industry: Apps, Beauty, Energy
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • aboon — Aboon develops is a coupon application that introduces shops that attract customers. Aboon was founded on 2018 and is based in Yokohama, Japan.
  • Updater — Minna Electric Power is an Electricity retail service for corporations and individuals company.
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Coral Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups, 10 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: 102
  • Round size: Seed $1M–$30M; Series A $2.7M–$99M; Series B $3.3M–$184M
  • Lead/follow: 29% lead, 71% 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 your all-in-one platform for global digital payments, cross-border tax compliance, and seamless payouts.
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SBI Shinsei Corporate Investment
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

SBI Shinsei Corporate Investment is an investment company that manages funds with disciplined and rational judgment in venture investments and buyout investments.

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Investment focus

  • Industry: Apps, Energy, Retail
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Japan

Investor stats

  • Total investments: 6
  • Round size: Series A $1.5M–$3.5M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • EX-Fusion — EX-Fusion develops the first commercial laser based nuclear fusion reactor for power generation.
  • Light — Light is a software development company that allows streamers and viewers to connect in real time through an application.
  • Think Nature — Think Nature is a researcher startup that specializes in the solutions related to the sustainability of biodiversity and ecosystem services.
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Access 48,091 investors

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

Browse database — It's Free!
VOYAGE VENTURES
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

Voyage Ventures is the venture capital arm of Voyage Group specializing in seed and early-stage investments. The firm seeks to make investments in the internet and mobile internet industry. It invests from JPY1 million ($.01million) to JPY to 10 million ($.12 million) in its portfolio companies. The firm typically invests in Japan, China, and othergrowing Asian markets. Voyage Ventures, Inc., formerly known as EC Navi Ventures Company, was founded on March 25, 2011, and is based in Tokyo, Japan.

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Investment focus

  • Industry: Software, Internet, Content
  • Stage:Seed, Series A
  • Geography: Japan, China, Germany

Investor stats

  • Total investments: 70
  • Round size: Seed $200k–$34M; Series A $1.4M–$77M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • pickupon — Pickupon is a company that transcribes important parts of the call
  • Bravesoft — bravesoft is a software company that operates events and in-house product for contract development and events. The company offering services such as UI / UX design, application consignment development service, appvisor push, and technical research service.
  • ventus Japan — ventus is an Media and Entertainment based company.ventus aiming to be an entertainment company that provides technology that all fans can enjoy.
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Life Design Fund
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

Life Design Fund is a corporate venture capital firm that invests in startups to help address problems for our customers and communities.

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Investment focus

  • Industry: Retail, EdTech, Leisure
  • Stage:Series A, Series B, Series C
  • Geography: Japan

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • ATOMica — ATOMica is a co-working space and business management company for conference rooms, event venues, circles, and schools. The company uses coworking spaces as HUBs to provide services that maximize individuals' power. It can be used for a variety of purposes, including coworking space, shared office space, meetings, events, and web seminars. Itis also possible to use it only once. They plan and run local communities that bring together a diverse range of people, including students, workers, businesses, universities, and governments.
  • Carjany — Carjany is a startup company that redefines the test drive and new car purchasing experience by leveraging innovative technology and user-centric design. By simplifying the process and offering more flexible, transparent, and convenient solutions, Carjany aims to make buying a new car more accessible, efficient, and enjoyable for modern consumers.
  • PlaceHolder — Placeholder is a space value creation company that provides people with inspiring and exciting experiences by fusing digital technology and real space.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail 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: 220
  • Round size: Seed $774k–$14M; Series A $1.5M–$50M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $589M in 2017

Portfolio highlights

  • AI Mage
  • 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.
  • Albatross Technology — Albatross Technology is a technology company that develops offshore renewable energy devices and floating offshore wind turbines.
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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail 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: 293
  • Round size: Seed $314k–$18M; Series A $2.7M–$91M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — 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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Hakuhodo DY Media Partners
VC Fund · Minato, Chiba, Japan · 2 investments in Japan Retail startups

Hakuhodo DY Media Partners is committed to designing media strategies that build value for media and produce more effective communication.

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Investment focus

  • Industry: Media and Entertainment, Content, Advertising
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 10
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Nyle — Nyle is a web consulting company specialized in providing web solutions for internet media businesses.
  • BitStar — BitStar accelerates potential of video creators with power of proprietary database and technology.
  • Stepdays — stepdays is a media management, Contents production, Consulting, wholesale, retail, and other related businesses.stepdays aim to contribute to the bottom-up of the entire industry.
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Yokohama Capital
VC Fund · Yokohama, Kanagawa, Japan · 2 investments in Japan Retail startups

Yokohama Capital as a venture capital firm conducts investment and rehabilitation support for small and medium-sized companies.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Series A $172k–$241M; Series B $2.8M–$99M
  • Lead/follow: 8% lead, 92% follow

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.
  • Varinos — Varinos is a clinical laboratory contract analysis company that is a partner of medical institutions. Varinos provides genomic testing development and contract analysis services using the latest technology, the next-generation sequencer.
  • Reborna Biosciences — Reborna Biosciences provides research and development in the field of genetic diseases. The company develops therapeutic options for area of unmet medical needs in genetic rare disease. The company's technology enables low-molecular compounds to target ribonucleic acid. The company provides new disease-modifying drugs for patients sufferingfrom rare genetic diseases including spinal muscular atrophy.
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Money Forward Venture Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail 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: 49
  • Round size: Seed $1.5M–$64M; Series A $892k–$41M
  • Lead/follow: 41% lead, 59% 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.
  • LIGHT-RIGHT — LIGHT-RIGHT focused on developing services that help local communities adapt to the challenges of a declining population.
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Headline Asia (formerly Infinity Ventures)
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail 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, Financial Services, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Japan, China, United States

Investor stats

  • Total investments: 142
  • Round size: Seed $661k–$13M; Series A $1.8M–$42M; Series B $1.8M–$103M
  • Lead/follow: 37% lead, 63% 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 your all-in-one platform for global digital payments, cross-border tax compliance, and seamless payouts.
  • AI Mage
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NOW Japan
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

Next One for the World.

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Investment focus

  • Industry: Content, Marketing, Software
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 61
  • Round size: Seed $771k–$18M; Series A $1.8M–$30M
  • Lead/follow: 30% lead, 70% 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.
  • LUC — LUC is a provider of the AI ​​x experience analysis platform "TERUS," .
  • Tohakusha — Tohakusha is a creative agency that offers design, production and sale of digital content and EC websites, and content creation services.
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Toppan Printing
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

Toppan Printing Co., Ltd. provides commercial printing and related services worldwide. It operates in three segments: Information & Networks, Living Environment, and Electronics. The Information & Networks segment provides commercial printing services for posters, catalogs, pamphlets, flyers, calendars, pop materials, and gifts, as well asoffers design and event services, sales promotion planning, multimedia-related activities, and database and network system design and operation services; and publications printing services magazines and books, as well as CDROMs, DVDs, and other electronic publications. It also offers securities, such as stocks, bonds, gift certificates, and product coupons; cards comprising magnetic cards and prepaid cards; and develops and designs IC card systems, IC tag systems, and security management systems.

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Investment focus

  • Industry: Financial Services, Software, Health Care
  • Stage:Corporate Round, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 48
  • Round size: Series B $3M–$553M; Corporate Round $2M–$213M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • nat — nat develops iOS application - Scanat and provides consultation service in data strategy.
  • Ascenders — Ascenders is a sports human resources business platform.
  • Chitose Group — CHITOSE GROUP is a family of biotechnology companies operating mainly in Southeast Asia and Japan with an aim of leaving mankind with an environment where they can live in abundance for over a thousand years. CHITOSE GROUP is creating new values in the fields of agriculture, medical, food, energy, chemistry and others through “Technologicaldevelopment capabilities in the biotechnology field by constantly promoting economic rationality” and “Business development capabilities for drawing a path towards commercialization by understanding the essence and limitations of biotechnology”.
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KEPPLE Capital
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

KEPPLE Capital is a venture capital firm that supports the growth of startups.

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Investment focus

  • Industry: Retail, Content, Software
  • Stage:Seed, Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • Comvey — Comvey provides a shopping experience that is friendly to people and the earth. It primarily offers a foldable share bag online.
  • Carelogy — Carelogy is a medical technology company that offers AI for X-ray image analysis, voice recognition, and facial expressions.
  • COUNTERWORKS — Counter works is an Information technology company.
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GENDA Capital
VC Fund · 1 investments in Japan Retail startups

GENDA Capital is an Investment firm.

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Investment focus

  • Industry: Wellness, Analytics, Health Care
  • Stage:Series A
  • Geography: Japan

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • mahocast — Mahocast operates a comprehensive business platform that supports every stage of an artist’s journey—from initial planning and content production to ongoing management and promotion.
  • Redcliff — Redcliff is a drone management company that organizes aerial shows and events for private and public organizations.
  • Wunderbar — Wunderbar provides intellectual property along with branding and marketing services.
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SATUDORA HOLDINGS
VC Fund · Sapporo, Hokkaido, Japan · 1 investments in Japan Retail startups

SATUDORA HOLDINGS is group-wide fund management and procurement company.

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Investment focus

  • Industry: Manufacturing, Sales, Retail
  • Stage:Series B, Series D
  • Geography: Japan

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • AWL — AWL is a company that provides the leading edge AI camera solutions company .
  • Iwaya Giken — Iwaya Giken manufactures and sells gas balloons, airtight cabins, and other space-travel equipment.
  • Interstellar Technologies — Interstellar Technologies is a rocket development, manufacturing and launch service.
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D2 Garage Japan
VC Fund · Sapporo, Hokkaido, Japan · 1 investments in Japan Retail startups

D2 Garage is an Internet company.

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Investment focus

  • Industry: Apps, Water, Hunting
  • Stage:Seed
  • Geography: Japan

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Fant — Fant is a platform to share the information and skills beyond the regional for hunters.
  • nanoFreaks — nanoFreaks builds a rescue system on the sea, creating an environment where everyone can live with peace of mind.
  • RAINBOW — With the goals of high quality, efficacy, safety, and economic efficiency, RAINBOW is developing HUNS001, a proprietary autologous bone marrow mesenchymal stem cell product that is administered directly to the peri-stroke area. RAINBOW is focused on HUNS001's efficacy, safety, and highly novel cell culture, transport, and administrationmethods.
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POLAR SHORTCUT
VC Fund · Sapporo, Hokkaido, Japan · 1 investments in Japan Retail startups

POLAR SHORTCUT manage the POLAR SHORTCUT No. 1 Fund, a regional seed venture capital fund that aims to invest in startups.

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Investment focus

  • Industry: Retail, Manufacturing, Food Processing
  • Geography: Japan

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Treasure in Stomach — Treasure in Stomach is a food manufacturing company that develops vegan, gluten-free, and Muslim-friendly products and content.
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Colopl Next
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

Colopl Next is the corporate venture capital of is Colopl, Inc, which is a leading Japanese gaming company. Colopl, Inc. is founded with the mission of “Entertainment in Real Life”, and constantly put its customer as first priority.Colopl Next is headquartered in Japan, but invests globally in a variety of internet businesses, with the commitmentto support innovative entrepreneurs.

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Investment focus

  • Industry: Virtual Reality, Software, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, United States, South Korea

Investor stats

  • Total investments: 113
  • Lead/follow: no public data

Portfolio highlights

  • SALOWIN — SALOWIN is a shared salon where freelance hairdressers can freely provide customer service and service.
  • CaseBlink — AI for immigration lawyers | CaseBlink is AI software for immigration law firms. With CaseBlink, generate EB-2 NIW, EB-1A, and O-1 applications end-to-end.
  • Wunderbar — Wunderbar provides intellectual property along with branding and marketing services.
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Giftee
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

giftee is an online service where you can send a small 'thank you' through small gifts by twitter and email. Supported by Open Network Lab.

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Investment focus

  • Industry: Marketing, Internet, CRM
  • Stage:Series A, Debt Financing
  • Geography: Japan

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • DIRIGIO — DIRIGIO is an Operation and development of mobile order & pay platform.
  • Domuz — Domuz is a firm that wants to utilize technology and design to create a lifestyle that makes potted plants and flowers more comfortable.
  • Treasure in Stomach — Treasure in Stomach is a food manufacturing company that develops vegan, gluten-free, and Muslim-friendly products and content.
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OASIS FUND
VC Fund · 1 investments in Japan Retail startups

OASIS FUND Provide advice and practical support from a founder's perspective.

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Investment focus

  • Industry: Retail, Manufacturing, Food Processing
  • Geography: Japan

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Treasure in Stomach — Treasure in Stomach is a food manufacturing company that develops vegan, gluten-free, and Muslim-friendly products and content.
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i-nest capital
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

i-nest capital is a venture capital firm that incubates emerging startups in Japan.

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Investment focus

  • Industry: Financial Services, Gaming, Video Editing
  • Stage:Series A, Seed
  • Geography: Japan, United States

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • Utoniq — Utoniq service allows them to collect the works of the artists they support digitally in the form of trading cards. Trading cards will be collected as proof of support for the creators. It is a brand-new trading card service that is both enjoyable to collect and enjoyable to exchange. They provide a service lineup in order to continually increasefan engagement. They can make flexible proposals based on the needs of artists, creators, influencers, anime characters, and so on.
  • Things — Things offer product development and various information such as CAD, drawings, parts configuration, and price information.
  • Wunderbar — Wunderbar provides intellectual property along with branding and marketing services.
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JAFCO Group
VC Fund · 1 investments in Japan Retail startups

JAFCO Group is a venture capital firm that primarily invests in domestic and foreign private companies.

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Investment focus

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

Investor stats

  • Total investments: 37
  • Lead/follow: no public data

Portfolio highlights

  • Parallel — Parallel is the hangout app where you can enjoy games, videos, music, and more with friends.
  • Blue Laser Fusion — Blue Laser Fusion is a commercial fusion company. Blue Laser Fusion is a laser startup to commercialize laser fusion by inventing its own laser and fusion reactor.
  • Nanofiber Quantum Technologies — Discover how NanoQT builds the foundation for scalable quantum computing with nanofiber cavity-QED technology and high-fidelity quantum connectivity.
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KOZOCOM
VC Fund · Setagaya, Tokyo, Japan · 1 investments in Japan Retail startups

KOZOCOM is developing business utilizing the latest Internet technology.

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Investment focus

  • Industry: Fruit, Retail, Wholesale
  • Stage:Series A
  • Geography: Japan

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Vesicle — Vesicle is a fruit and vegetable company that provides distribution and delivery of fresh vegetables.
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B Dash Ventures
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail 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: Internet, Information Technology, Apps
  • Stage:Seed, Series A
  • Geography: Japan, Taiwan, United States

Investor stats

  • Total investments: 88
  • Round size: Seed $840k–$92M; Series A $229k–$928M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Light — Light is a software development company that allows streamers and viewers to connect in real time through an application.
  • 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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SHIKIGAKU
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

SHIKIGAKU is an organization management theory based on a unique theory focusing on the behavior of thinking.

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Investment focus

  • Industry: Consulting, Retail, Payments
  • Stage:Seed, Corporate Round, Series B
  • Geography: Japan

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Redcliff — Redcliff is a drone management company that organizes aerial shows and events for private and public organizations.
  • AROUSAL Tech. — AROUSAL Tech is a consulting company that offers a wide range of AI consulting services. It provides digital training, AI reskilling, AI consulting, and AI integration services.
  • Treasury — Treasury delivers extensive electronic contract and commercial transaction services.
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Ardian
VC Fund · Paris, Ile-de-France, France · 1 investments in Japan Retail startups

We are an employee controlled company managing and/or advising more than $125 bn of assets. Our mission is to generate sustainable, long-term returns for our clients, alongside positive social impact that benefits all our stakeholders and society at large.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Private Equity, Secondary Market
  • Geography: France, Italy, United States

Investor stats

  • Total investments: 130
  • Round size: Private Equity $7.7M–$165M; Secondary Market $362M–$4.1B
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — raised $3.3B in 2019

Portfolio highlights

  • Eloquant — Eloquant offer a global solution in SaaS mode, designed to facilitate Dialogue and Listening with your customers. Eloquant is proud to count 35% of the companies listed in the CAC40 among our customers - but we are equally proud of our SME and public service customers.
  • UPTOO — UPTOO is the recruiting platform for sales representatives and sales managers across the entire territory, and in all sectors. Uptoo works with a dynamic combination of consultants and digital tools to help companies secure and accelerate their recruiting processes. Good sales representatives are rare, and a sales disposition cannot be seen on aCV. Uptoo has implemented modern evaluation tools that reveal sales talent. The UptooJobs platform helps analyse the sales disposition of a candidate in real time, to be combined with the data from his/her CV, through a series of online tests and innovative tools.
  • IWD Retail Software — IWD is a retail merchandising software with thousands of users around the world working for industry-leading brands.
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MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail 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: 224
  • Round size: Seed $1.1M–$33M; Series B $1.8M–$198M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $1.4B in 2021

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.
  • KiteRa — KiteRa is a cloud service that allows you to create and operate work rules and company rules.
  • Peco Free — Peco Free is a school meal pre-order service that is selected using a smartphone.
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Innovation Network Corporation of Japan
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

Innovation Network Corporation of Japan (INCJ) is a public-private partnership aimed at promoting innovation and enhancing value.Leveraging the rich history of Japanese technological prowess, INCJ aims to provide financial, technological and management support in order to promote the creation of next-generation businesses through “openinnovation,” or the flow of technology and expertise beyond the boundaries of existing organizational structures.INCJ will draw on funding as well as management and technological expertise from the public and private sectors. INCJ is actively reviewing various investment opportunities in areas of green energy, electronics, IT and biotechnology to infrastructure-related sectors such as water supply. Each investment will be thoroughly vetted to ensure it meets the exacting standards of INCJ's Innovation Network Committee, which will make the final investment decisions.INCJ is capitalized at 280 billion yen, with the Japanese government injecting 266 billion yen and 26 private corporations (refer to details in Appendix below) providing a further 14 billion yen. The government will also provide guarantees up to a total of 1,800 billion yen for INCJ investments, giving it an investment capability of approximately 2,000 billion yen. INCJ will be established for a period of 15 years.

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Investment focus

  • Industry: Manufacturing, Software, Robotics
  • Stage:Series B, Series A
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 124
  • Round size: Series A $6M–$340M; Series B $5M–$369M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Cloudian — Cloudian provides exabyte-scale storage for your capacity-intensive workloads: S3-compatible storage for on-prem, hybrid cloud, and multi-cloud.
  • Seajacks — Cadeler is a global leader in offshore wind farm construction, maintenance, and decommissioning.
  • Vehicle Energy Japan — Vehicle Energy Japan specializes in development, manufacturing and sales of automotive lithium-ion batteries.
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Dubai Electricity and Water Authority
VC Fund · 1 investments in Japan Retail startups

Investment focus

  • Industry: Energy, Retail, Sustainability
  • Stage:Series A, Post-IPO Secondary
  • Geography: Japan, United Arab Emirates

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Trende — TRENDE is an online renewable energy retailer selling electricity to residential customers in Japan via its Ashita Denki (https://ashita-denki.jp/) and Hot Denki (https://hotdenki.jp) service websites. TRENDE expects its Ashita Denki and Hot Denki services to accelerate the widespread adoption of solar power in Japan. Atwhich point, the company aims to leverage blockchain technology to create a peer-to-peer (P2P) marketplace for producers and consumers of renewable energy. Investors include Tokyo Electric Power, Itochu, Idemitsu Showa Shell and Dubai Electricity and Water Authority (DEWA). The company is led by serial entrepreneurs, Jeffrey Char and Tadatoshi Senoo and takes an environmentally responsible approach to provide consumers with clean and affordable energy. For more information, please visit http://trende.jp/.
  • Emirates Central Cooling Systems Corporation (Empower) — Emirates Central Cooling Systems Corporation (EMPOWER) was established in 2003 with an objective to enable the real estate sector to efficiently utilize energy resources through District Cooling Services (DCS). Empower was set up as a joint venture between Dubai Electricity and Water Authority (DEWA) and TECOM Investments a member of Dubai Holdingthrough a Royal Decree issued by the Ruler of Dubai.
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Chushin Venture Capital
VC Fund · Kyoto, Kyoto, Japan · 1 investments in Japan Retail startups

Chushin Venture Capital is a venture capital fund established by Kyoto Chuo Shinkin Bank.

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Investment focus

  • Industry: Biotechnology, Health Care, Manufacturing
  • Stage:Series A, Seed, Series B
  • Geography: Japan

Investor stats

  • Total investments: 16
  • Round size: Seed $1.5M–$2M; Series A $955k–$128M; Series B $5.1M–$21M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Nexta — Nexta manufactures site, issues such as analog management, personalization of operations & labor shortages are becoming more serious.
  • OOYOO — OOYOO Co., Ltd. is a DeepTech venture that combines international entrepreneurial spirit, and a 'Made In Japan' excellence, to bring the latest innovations in clean technology to society for a smarter, cleaner, and more mobile world.
  • Toregem BioPharma — Toregem BioPharma is a startup from Kyoto University that develops a treatment for congenital adentia. Toregem BioPharma is headquartered in Kyoto, Japan.
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ABC Dream Ventures
VC Fund · Osaka, Osaka, Japan · 1 investments in Japan Retail startups

ABC Dream Ventures is the corporate venture capital arm of Japanese media firm Asahi Broadcasting Group Holdings.

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Investment focus

  • Industry: Information Technology, Content, Social Media
  • Stage:Series A, Seed
  • Geography: Japan, Singapore

Investor stats

  • Total investments: 24
  • Round size: Series A $3.7M–$43M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — raised $265M in 2019

Portfolio highlights

  • TYPICA — TYPICA is a marketplace where you can directly trade unique and high quality green coffee beans in units of one bag.
  • At Forest — At Forest is an end-of-life service provider that organizes circular burial services for the deceased.
  • Sally — Sally is a company that turns people-to-people conversations into entertainment. It specializes in developing conversational reasoning games.
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Culture Convenience Club (CCC)
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

CCC plans and operates a comprehensive entertainment business. CCC operates and proposes new lifestyles from multiple platforms, including bookstores, a database marketing business (mainly focused on T Point), and several other new-platform services, both online and offline.

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Investment focus

  • Industry: Beauty, Retail, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gosleep — Gosleep is a healthfi-focused web3 lifestyle applications. They also provide gamefi, socialfi, and healthfi services. Additionally, they also provide token-rewarded and social gaming-driven system to encourage users to build up healthier sleep behavior's and participation.
  • SHOWROOM — SHOWROOM provides live performance broadcasts by idols and celebrities in virtual stadiums.
  • Go Today Shaire Salon — GO TODAY SHAiRE SALON is a private room-type shared salon where freelance hairdressers and teams gather.
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Orient Corporation
VC Fund · Hatchobori, Tokyo, Japan · 1 investments in Japan Retail startups

Orient Corporation specializes in the sales and distribution of construction materials and information equipment.

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Investment focus

  • Industry: Retail, Product Design, Management Consulting
  • Stage:Series A
  • Geography: Japan

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LINK-US — Link Us is Contract sales of various devices applying ultrasonic combined vibration and powerful ultrasonic technology
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Yasuyuki Kin
Angel · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

Yasuyuki Kin

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Investment focus

  • Industry: Media and Entertainment, Recruiting, Career Planning
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Japan

Investor stats

  • Total investments: 16
  • Round size: Seed $1.4M–$14M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Onepair — Onepair is a job consulting and recruiting company. Onepair is to co-creating careers by talking about real-world ace with active ace.
  • Strainer Co., Ltd. — Strainer Co., Ltd. is an information distribution platform that conveys corporate information centered on financial data. Although there are not a few media to deliver financial information, the company's strengths are strong to be easily viewed, including financial information of overseas companies.
  • LAMILA — LAMILA develops system that improves the creation of retail stores.
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Niklas Eklund
Angel · Stockholm, Stockholms Lan, Sweden · 1 investments in Japan Retail startups

Over the past 25 years, Niklas has an entrepreneur built and internationalized a range of companies in the area of reservation systems, revenue management, online marketing, and web publishing; amongst others he was the CEO and co-founder Bookatable, Livebookings, Infogate, and Epani.Over the past 8 years, Niklas has a direct investor and advisorto investment companies and venture capital companies; amongst others he was a co-founder and general partner at D-Ax (Axel Johnson Group CVC), a venture partner for Wellington Partners Venture Capital. Niklas is currently a general partner for PES Holdings. Investment focus is the Digital Media Sector and Digital Growth Companies, primarily in the Nordic countries and across Europe. Niklas describes himself as a ‘computer software geek and wizard turned businessman’ as he started his career at the age of 15. His achievements in building internationally successful companies have been recognized by various industry awards.

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Investment focus

  • Industry: Software, Apps, Internet
  • Stage:Seed, Series A, Angel
  • Geography: Sweden, Japan, Denmark

Investor stats

  • Total investments: 17
  • Round size: Seed $289k–$3.3M; Series A $675k–$7.4M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Savr — Savr is an Investment platform disrupting the Swedish fund industry with a lower fee structure and a new business model.
  • PinMeTo — Optimize your time and local presence with an all-in-one local SEO tool. Show up in local search, manage listings, reviews, messages from one dashboard.
  • Winnow — Winnow builds artificial intelligence tools to help chefs run more profitable and sustainable kitchens by cutting food waste in half. They develop technology to cut food waste in their operations. Their digital tools provide data to drive improvements in kitchen production processes and reduce environmental footprint.Winnow's mission is toconnect commercial kitchen, create a movement of chefs, and inspire others. The company was founded in 2013 and is headquartered in London, England, United Kingdom.
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ANOBAKA
VC Fund · Shibuya, Kanagawa, Japan · 1 investments in Japan Retail 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: 161
  • Round size: Seed $382k–$14M; Series A $4.9M–$99M
  • Lead/follow: 20% lead, 80% 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.
  • AVIATE
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Mizuho Bank
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups, 84 in the past 12 months

Mizuho Bank is a commercial bank that began operation on July 1, 2013, with its headquarters in Tokyo in Japan. It offers corporate and investment banking services to major corporations, financial institutions, and public sector entities. It also provides current and ordinary, deposits at notice, time, and specified deposits, deposits for tax,nonresident deposits in yen, foreign currency deposits, negotiable time deposits and loans by bill, loans on a deed, and overdrafts as well as discounts for bank acceptances, commercial papers, and documentary bills. Moreover, it offers investment banking and custodial, syndication, bond administrative, real estate finance, acquisition finance and corporate restructuring, project, and asset finance services, settlement and asset management services. It operates as a subsidiary of Mizuho Financial Group.

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Software
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 296
  • Round size: Post-IPO Debt $44M–$8B; Debt Financing $1.3M–$800M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Trifa — Trifa is a telecommunications service provider that provides eSIM internet access when traveling internationally.
  • Triorb — Triorb is a technology company that specializes in robot mobility development with the help of software and hardware solutions.
  • AtlasEdge — AtlasEdge is an edge data center business with a mission to create the leading-edge platform, delivering seamless, localized and ultra-low latency digital infrastructure to customers. They provide a wide range of direct connectivity options to enable connectivity within their datacenters. All cabling is installed and managed by AtlasEdge and itsengineering team to ensure speed of installation and guaranteed quality and management.
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Gogin Capital
VC Fund · Matsue-shi, Shimane, Japan · 1 investments in Japan Retail startups, 13 in the past 12 months

Gogin Capital provides financial services and invests in insurance companies.

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Investment focus

  • Industry: Consulting, Manufacturing, Medical
  • Stage:Series B, Series A, Seed
  • Geography: Japan, Kenya

Investor stats

  • Total investments: 37
  • Round size: Seed $755k–$21M; Series A $2.7M–$82M; Series B $2.6M–$11M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Imiron — Imiron the process and tools used for modeling mathematical behavior in order to comprehend its fundamentals.
  • Compass — Compass offering services in the tourism and inbound sector, including accommodation support, optional tour planning and management, kimono rentals, and tourism consulting services
  • 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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Yoshikazu Azuma
Angel · Minato, Chiba, Japan · 1 investments in Japan Retail startups

Yoshikazu Azuma - Representative Director and CEO @ TWO

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Investment focus

  • Industry: Retail, Security, Marketing
  • Stage:Series A
  • Geography: Japan

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AWL — AWL is a company that provides the leading edge AI camera solutions company .
  • W Tokyo — W TOKYO is a content production company that offers the latest and highest quality solutions by multiplying its own original content and solutions, centered on women, using the know-how cultivated in the Tokyo Girls Collection as a weapon .
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Dai-ichi Life
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

Dai-ichi Life is a private insurance company that provides life insurance and pension products services. It is the second-largest private life insurance company in Japan as measured by total assets as of March 31, 2014.Founded on September 15, 1902, Dai-ichi Life was the oldest mutual insurance company in Japan until it was demutualized andlisted on the Tokyo Stock Exchange on April 1, 2010.As of March 31, 2014, total assets were ¥37.7 trillion (USD$366.3 billion) on a consolidated basis. Based in Tokyo, Dai-ichi Life has approximately 67,000 employees and 1,345 sales offices throughout Japan. It also has overseas life insurance businesses in Vietnam, Australia, Thailand, Indonesia, and India as well as offices in New York, London, Hong Kong, Beijing, and Shanghai.

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Investment focus

  • Industry: Health Care, Renewable Energy, Energy
  • Stage:Series B, Series C
  • Geography: Japan, Tanzania, Philippines

Investor stats

  • Total investments: 47
  • Round size: Series B $5.2M–$369M; Series C $5.4M–$312M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • 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.
  • Enerbank Japan — Enerbank is a development and operation of electric power auction system.
  • Sharing Energy — Sharing Energy is providing energy supply and energy management services.
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Miraidoa
VC Fund · Kyoto, Kyoto, Japan · 1 investments in Japan Retail 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: Health Care, Manufacturing, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, Myanmar

Investor stats

  • Total investments: 148
  • Round size: Seed $933k–$30M; Series A $1.2M–$58M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2020

Portfolio highlights

  • Naorai — Naorai is a food and beverage firm that manufactures wine, beer, spirits, and non-alcoholic beverages.
  • 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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Daiwa Corporate Investment
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups, 6 in the past 12 months

Daiwa Corporate Investment is a private investment firm of Daiwa Securities Group that has been engaged in overseas VC investments by taking advantage of an extensive business network in Japan and foreign countries, long experience and professional knowledge, and by supporting the growth of a number of overseas portfolio companies and their stockexchange listings.

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Investment focus

  • Industry: Software, Task Management, Internet
  • Stage:Series A, Seed
  • Geography: Japan, United States, France

Investor stats

  • Total investments: 133
  • Round size: Seed $4.3M–$14M; Series A $4.5M–$71M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2018

Portfolio highlights

  • NovAccel — NovAccel operates as a deep tech company, ensure a stable supply of medical radioisotopes.
  • AstroX — AstroX is a private space startup company that develops satellite launch vehicles for space development. It utilizes the rockoon method for developing launch vehicles and small rockets to help clients easily use space.
  • Sonire Therapeutics — Sonire Therapeutics provides High-Intensity Focused Ultrasound treatment for cancer.
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Retail Investor funding in Japan at a glance

Stats across 177 deals from 301 investors.

301
investors
in Japan Retail startups
177
deals
in Japan Retail startups
$21M
median round
in Japan Retail startups
25%
lead investors
lead at least one round
12%
Seed
most common funding stage
95/5
VC / Angel
share of investor count

Access all 301 investors in Japan Retail startups.

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