# Top 50 Retail Startup Investors in Japan in June 2026

## Mizuho Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 7
- Stages: Series A, Series B
- Focus: Information Technology, Software, Internet

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.

## Mitsubishi UFJ Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Series A, Series B
- Focus: Information Technology, Software, Health Care

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

## Hakuhodo DY Ventures
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 4
- Stages: Series A, Series B
- Focus: Marketing, Health Care, Information Technology

Hakuhodo DY Ventures is a corporate venture capital firm.

## DBJ Capital
- Type: VC Fund
- Location: Otemachi, Tokyo, Japan
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Software, Medical, Health Care

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.

## SMBC Venture Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Information Technology, Health Care, Software

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.

## Energy & Environment Investment
- Type: VC Fund
- Location: Higashi-shinagawa, Tokyo, Japan
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Energy, Internet of Things, Software

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.

## MT Partners
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Apps, Beauty, Energy

MT Partners provides real estate management and financial services.

## Genesia Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Information Technology, Software, Health Care

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.

## Incubate Fund
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, E-Commerce

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.

## SBI Shinsei Corporate Investment
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Series A, Series B, Venture - Series Unknown
- Focus: Apps, Energy, Retail

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

## Hakuhodo DY Media Partners
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Media and Entertainment, Content, Advertising

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

## ENEOS
- Type: VC Fund
- Location: Otemachi, Tokyo, Japan
- Relevant deals: 2
- Stages: Series B, Series C
- Focus: Energy, Robotics, Internet of Things

Website of ENEOS.

## Money Forward Venture Partners
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Information Technology, Software, Artificial Intelligence

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

## Headline Asia (formerly Infinity Ventures)
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, Financial Services, FinTech

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.

## Yokohama Capital
- Type: VC Fund
- Location: Yokohama, Kanagawa, Japan
- Relevant deals: 2
- Stages: Series A, Series D
- Focus: Health Care, Information Technology, Artificial Intelligence

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

## Coral Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, SaaS

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

## NOW Japan
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Content, Marketing, Software

Next One for the World.

## VOYAGE VENTURES
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Internet, Content

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.

## Toppan Printing
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Corporate Round, Series B
- Focus: Software, Financial Services, Information Technology

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.

## Ardian
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Private Equity, Secondary Market
- Focus: Software, Information Technology, Manufacturing

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.

## MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: Software, Information Technology, Health Care

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.

## STRIVE
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Internet, E-Commerce

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.

## Innovation Network Corporation of Japan
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Manufacturing, Software, Robotics

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.

## Kyodo News Digital
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Security, Artificial Intelligence

Kyodo News Digital distributes news and builds systems in the digital field such as news sites and signage.

## Dubai Electricity and Water Authority
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Energy, Retail, Renewable Energy

## Chushin Venture Capital
- Type: VC Fund
- Location: Kyoto, Kyoto, Japan
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Biotechnology, Health Care, Manufacturing

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

## ABC Dream Ventures
- Type: VC Fund
- Location: Osaka, Osaka, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Content, Social Media, Information Technology

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

## Fineseed
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Content, Media and Entertainment

Fineseed is a Healthcare business Internet media business Sports Education business

## East Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, E-Commerce

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

## Allen Miner
- Type: Angel
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: Software, E-Commerce, Retail

Allen Miner is a founder/General Partner of SunBridge Partners and the founder/CEO of SunBridge Corporation. Allen has significant experience in Internet, enterprise and open-source software, entrepreneurship, and international technology transfer. Allen has been actively involved in each of the firm’s investments resulting in numeroussuccessful IPOs, including salesforce.com, MacroMill, ITMedia and G-Mode, among others. Allen is currently a member of the Board of Directors of salesforce Japan.Allen graduated from Brigham Young University with degrees in Computer Science and Asian Studies. He joined Oracle Corporation in 1986 and was dispatched to Japan, where he founded and helped lead Oracle Japan to a successful IPO on the Japan stock market. Allen returned from Japan in 1996 to serve as Oracle’s Vice President in charge of Linux/Open Source.Allen created SunBridge Corporation in 1999. Allen currently serves on the Boards of several SunBridge portfolio companies and as an advisor to government-affiliated organizations focused on innovation and entrepreneurship. He was appointed to the Board of Directors of the Japan Venture Capital Association upon its founding in 2002.

## Full Commit Partners
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Health Care, Media and Entertainment, Apps

Full Commit Partners is a venture capital firm.

## Miyagin Venture Capital
- Type: VC Fund
- Location: Miyazaki, Miyazaki, Japan
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, mHealth, Biopharma

Miyagin Venture Capital is a venture capital firm.

## Valuechain Innovation Fund
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed
- Focus: GreenTech, Environmental Consulting

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

## Tottori Capital
- Type: VC Fund
- Location: Tottori-shi, Tottori, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Shipping, Marketing, E-Commerce

Tottori Capital is the provider of management consulting and financial services.

## Agribusiness Investment Development
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Food and Beverage, Manufacturing, Agriculture

Agribusiness Investment Development is a venture capital firm that offers agriculture investment for agricultural corporations. It was established in 2002 and is based in Tokyo, Japan.

## Wing Capital Partners
- Type: VC Fund
- Location: Utsunomiya, Tochigi, Japan
- Relevant deals: 1
- Stages: Series C, Series B, Series A
- Focus: Fruit, Virtual Reality, Information Technology

Wing Capital Partners is a venture capital firm.

## Future Food Fund
- Type: VC Fund
- Location: Nishi-shinagawa, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Food and Beverage, Agriculture, Food Processing

Future Food Fund is a corporate venture capital company that specializes in the field of food.

## Mitsubishi UFJ
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Financial Services, Artificial Intelligence, Information Technology

We have the largest domestic and global customer base of any Japanese bank, consisting of a network of 500 offices in Japan and 40 other countries. We apply our values of integrity and responsibility by contributing to the improvement of the economic and social infrastructure wherever we do business.Our portfolio includes 40 million retailbanking accounts and 500,000 corporate customers. The extensive network that this represents is itself a valuable component of our financial role as part of the global social infrastructure.

## KEPPLE Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Retail, Content, Software

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

## GENDA Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Wellness, Analytics, Health Care

GENDA Capital is an Investment firm.

## SATUDORA HOLDINGS
- Type: VC Fund
- Location: Sapporo, Hokkaido, Japan
- Relevant deals: 1
- Stages: Series B, Series D
- Focus: Manufacturing, Sales, Retail

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

## D2 Garage Japan
- Type: VC Fund
- Location: Sapporo, Hokkaido, Japan
- Relevant deals: 1
- Stages: Seed
- Focus: Apps, Water, Hunting

D2 Garage is an Internet company.

## POLAR SHORTCUT
- Type: VC Fund
- Location: Sapporo, Hokkaido, Japan
- Relevant deals: 1
- Focus: Retail, Manufacturing, Food Processing

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

## Colopl Next
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Virtual Reality, Software, E-Commerce

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.

## Giftee
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Debt Financing
- Focus: Marketing, Internet, CRM

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.

## OASIS FUND
- Type: VC Fund
- Relevant deals: 1
- Focus: Retail, Manufacturing, Food Processing

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

## i-nest capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Financial Services, Gaming, Video Editing

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

## JAFCO Group
- Type: VC Fund
- Relevant deals: 1
- Stages: Series B, Series C
- Focus: Information Technology, Software, Health Care

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

## KOZOCOM
- Type: VC Fund
- Location: Setagaya, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Fruit, Retail, Wholesale

KOZOCOM is developing business utilizing the latest Internet technology.

## B Dash Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Internet, Information Technology, Apps

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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