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

The most active venture capital funds 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
8 Japan, United States, Singapore Series A, Series B Information Technology, Software, Artificial Intelligence $2M–$269M
Money Forward Venture Partners
VC Fund
5 Japan, United States, Hong Kong Seed, Series A Information Technology, Software, Artificial Intelligence $892k–$64M
Mitsubishi UFJ Capital
VC Fund
5 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.2M–$198M
Hakuhodo DY Ventures
VC Fund
4 Japan, Australia, Singapore Series A, Series B Marketing, Health Care, Information Technology $1.8M–$109M
Incubate Fund
VC Fund
4 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $317k–$57M
VOYAGE VENTURES
VC Fund
3 Japan, China, Germany Seed, Series A Software, Internet, Information Technology $200k–$77M
SMBC Venture Capital
VC Fund
3 Japan, United States, Singapore Series A, Series B Information Technology, Software, Health Care $1.5M–$184M
DBJ Capital
VC Fund
3 Japan, United States, Australia Series A, Series B Software, Health Care, Biotechnology $2.7M–$184M
Global Brain Corporation
VC Fund
3 Japan, United States, United Kingdom Series A, Series B Software, Information Technology, Artificial Intelligence $2.4M–$109M
Toppan Printing
VC Fund
2 Japan, United States, India Corporate Round, Series B Software, Financial Services, Health Care $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 $740k–$184M
NOW Japan
VC Fund
2 Japan Seed, Series A Content, Software, Marketing $771k–$30M
STRIVE
VC Fund
2 Japan, India, Indonesia Seed, Series A Software, E-Commerce, SaaS $800k–$142M
Genesia Ventures
VC Fund
2 Japan, Vietnam, Indonesia Seed, Series A Information Technology, Software, Health Care $691k–$29M
Energy & Environment Investment
VC Fund
2 Japan, United States, Canada Series A, Series B Energy, Software, Internet of Things $2.2M–$283M
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund
2 Japan, United States, India Seed, Series B Software, Information Technology, Health Care $505k–$85M
JAFCO Group
VC Fund
2 Japan, United States Series B, Series C Information Technology, E-Commerce, Software $5.5M–$283M
SBI Shinsei Corporate Investment
VC Fund
2 Japan Series A, Series B, Venture - Series Unknown Apps, Energy, Retail $1.5M–$3.5M
Yokohama Capital
VC Fund
2 Japan Series A, Series B Artificial Intelligence, Software, Health Care $272k–$85M
Life Design Fund
VC Fund
2 Japan Series A, Series B, Series C Retail, Diving, EdTech $4.3M–$31M
XTech Ventures
VC Fund
2 Japan, Italy, United Arab Emirates Seed, Series A Software, Information Technology, Artificial Intelligence $558k–$17M
Agribusiness Investment Development
VC Fund
2 Japan Series A, Series B, Seed Food and Beverage, Agriculture, Manufacturing $1.4M–$31M
Future Food Fund
VC Fund
2 Japan, United States, Denmark Series A, Series B Food and Beverage, Agriculture, Food Processing $1.2M–$26M
Hakuhodo DY Media Partners
VC Fund
2 Japan Series A, Seed Media and Entertainment, Content, Video
W ventures
VC Fund
2 Japan, Indonesia, United States Seed, Series A Information Technology, Content, Internet $382k–$37M
Spiral Ventures
VC Fund
2 Japan, India, Indonesia Seed, Series A, Series B E-Commerce, Information Technology, Internet $500k–$103M
TOSHIBA TEC CORPORATION
VC Fund
2 Japan, New Zealand, United States Series A, Series B, Seed Software, Retail, Retail Technology $2M–$55M
ENEOS
VC Fund
2 Japan, United States, India Series B, Venture - Series Unknown Energy, Robotics, Clean Energy $9.2M–$30M
Headline Asia (formerly Infinity Ventures)
VC Fund
2 Japan, China, United States Series A, Seed, Series B Software, FinTech, E-Commerce $661k–$103M
Gogin Capital
VC Fund
1 Japan, Kenya Series B, Series A, Seed Consulting, Manufacturing, Medical $755k–$82M
TD Investment
VC Fund
1 Japan Series A Retail, Parking, Automotive
Miyagin Venture Capital
VC Fund
1 Japan Seed Medical, mHealth, Biopharma
OASIS FUND
VC Fund
1 Japan Retail, Manufacturing, Food Processing
Light Street Capital
VC Fund
1 United States, Japan, India Series D, Secondary Market, Series C SaaS, Software, E-Commerce $98M–$1.7B
KDDI Open Innovation Fund
VC Fund
1 Japan, United States, Israel Series B, Series A Software, Internet, Information Technology $1.3M–$553M
ITOCHU Technology Ventures
VC Fund
1 Japan, United States, Belgium Series A, Series B Software, E-Commerce, Information Technology $4M–$213M
Orient Corporation
VC Fund
1 Japan Series A Retail, Product Design, Management Consulting
Kyodo News Digital
VC Fund
1 Japan Series A, Series B Retail, Security, Business Development
Colopl Next
VC Fund
1 Japan, United States, South Korea Seed, Series A Virtual Reality, Software, E-Commerce
POLAR SHORTCUT
VC Fund
1 Japan Retail, Manufacturing, Food Processing
Mizuho Bank
VC Fund
1 Japan, United States, Singapore Debt Financing, Post-IPO Debt Information Technology, Artificial Intelligence, Software $1.3M–$5.6B
GENDA Capital
VC Fund
1 Japan Series A Wellness, Analytics, Health Care
KEPPLE Capital
VC Fund
1 Japan Seed, Series A, Series B Retail, Content, Software
BASE Partners
VC Fund
1 Japan Seed, Series A Manufacturing, Task Management, Content
Asukanet
VC Fund
1 Japan Series A Artificial Intelligence, Retail, Robotics
CyberAgent
VC Fund
1 Japan, Indonesia, South Korea Seed, Series A Internet, Education, Advertising $28M–$142M
TIS Japan
VC Fund
1 Japan, Singapore, Indonesia Series C, Seed Software, Artificial Intelligence, Information Technology $740k–$496M
Daiwa Corporate Investment
VC Fund
1 Japan, United States, France Series A, Seed Software, Task Management, Internet $4.3M–$71M
B Dash Ventures
VC Fund
1 Japan, Taiwan, Switzerland Seed, Series A Internet, Information Technology, Apps $229k–$44M
Access all 333 VC funds 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 · 8 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, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

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

Portfolio highlights

  • CaTe — CaTe is based in Tokyo. CaTe develops and manufactures a Digital Therapeutic (DTx) for remote cardiac rehabilitation. Their invention allows heart disease patients to safely and successfully complete cardiac rehabilitation utilizing standing exercise in a confined space, such as at home, without the use of ergometers or similar instruments.
  • bestat — bestat is a developer of platforms for 3D data creation, management, and utilization using AI and offers digital twins services.
  • FunPep — FunPep is an Industry-university collaboration bioventure company.
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Money Forward Venture Partners
VC Fund · Tokyo, Tokyo, Japan · 5 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: 51
  • Round size: Seed $913k–$64M; Series A $892k–$33M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $419M in 2020

Portfolio highlights

  • bellFace — bellFace is an InsideSales System specialized targetted for Business to business sales customer support.No log in, no installation required. No matter where you are, it connects in 5 seconds becacuse it operates in the browser (patented). The audio system is connected through the telephone lines, there is no interruption like with Web meetingsystems. bellFace which is specific to sales, comes with document sharing and script function, so your experience is just like face to face communication . It is also suited for inside sales.
  • WineBank — "WineBank" is a real-time online wine management and investment solution that we offer. In addition to operating a restaurant, it runs a sales company for food, drink, and other items.
  • Mourning Clothes Rescue — Mourning Clothes Rescue operates a specialized clothing rental model utilizing automated, 24-hour unmanned storefronts. Users complete reservations and payments through smartphones to instantly access physical retail outlets via smart locks. This continuous availability solves the immediate challenge of acquiring formal attire on short noticeduring unexpected bereavement. By removing traditional staff overhead, the system passes cost efficiencies to consumers while providing private, on-site fitting options and long-term rental periods.
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 5 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: 576
  • Round size: Series A $1.2M–$74M; Series B $4.3M–$198M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2020

Portfolio highlights

  • ADiXi — Adixi is a tech-driven business that supports the idea that people and technology may work together. It strives to open doors by utilizing cutting-edge technology, such as artificial intelligence, to promote long-term, sustainable corporate and societal progress.
  • WARPSPACE — ARPSPACE is a space startup originating from the University of Tsukuba, has been launching and working on a satellite development project at the University of Tsukuba for five years until the company was established.
  • Luxna Biotech — Luxana Biotech is a biotechnology firm dedicated to promoting the practical use of safe and effective nucleic acid therapies. Utilizing nucleic acid chemistry technology, the company strives to provide nucleic acid medicines to patients suffering from diseases that currently lack effective treatments.
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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: 73
  • Round size: Series A $1.8M–$43M; Series B $3.3M–$109M
  • Lead/follow: 5% lead, 95% 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.
  • Knowledge Work — Knowledge Work specializes in the development and sales of software for companies.
  • 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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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 4 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: 313
  • Round size: Seed $317k–$17M; Series A $2.4M–$57M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $2.4B in 2021

Portfolio highlights

  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Black Cat Carnival — Black Cat Carnival Inc. is a communication service development company.
  • Carbon CryoCapture — Carbon CryoCapture specializes in the carbon dioxide separation systems aimed at creating economically viable, energy-efficient, and genuinely sustainable CO2 separation and recovery technologies. The company is dedicated to deploying cost-effective, efficient systems for CO2 capture that integrate smoothly with current infrastructures, all whileenhancing energy consumption and production. This enables clients to attain zero emissions throughout the development and application of resources.
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VOYAGE VENTURES
VC Fund · Tokyo, Tokyo, Japan · 3 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, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, China, Germany

Investor stats

  • Total investments: 70
  • Round size: Seed $200k–$8.5M; Series A $1.4M–$77M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • pickupon — Pickupon is a SaaS product that automatically records and inputs calls.
  • 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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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: 584
  • Round size: Series A $1.5M–$106M; Series B $3.1M–$184M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • Atom — Atom is a humanoid robot built platform. Its bipedal, dual-armed robots are designed not just as industrial tools but as collaborators that expand human capability. By combining advanced Physical AI—environmental perception, judgment, and action planning—with robust robotic hardware, Atom is creating adaptive agents capable of working acrossdiverse settings to augment or, where appropriate, replace human labor. The company positions these robots as a next step in societal evolution: a new class of machines that learn and behave in human-like ways to advance productivity, safety, and quality of life.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 3 investments in Japan Retail startups, 9 in the past 12 months

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

Browse database — It's Free!
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: 4
  • Lead/follow: 25% lead, 75% 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.
  • Milamore — Designed in New York and handcrafted in Japan, Milamore believes that niche is a new luxury. They are committed to creating high-quality fine jewelry that's true to price, without compromising on their core values – living boldly, respecting heritage and celebrating the very best craftsmanship that the world has to offer.
  • 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, 9 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 105
  • Round size: Seed $740k–$27M; Series A $3.5M–$99M; Series B $7.6M–$184M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $128M in 2021

Portfolio highlights

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

Investor stats

  • Total investments: 63
  • Round size: Seed $771k–$14M; Series A $1.8M–$30M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
  • 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.
  • 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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STRIVE
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • ASUENE — Asuene involves in clean power retail business, retail SaaS business, etc.
  • Recompound — Recompound is a financial services startup that acts as a personal investment advisor for individuals to grow their stock market portfolios.
  • Testsigma — Powerful cloud-based test automation platform that lets you automate tests for web, mobile, desktop apps, and APIs in minutes. Sign up now!
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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: 229
  • Round size: Seed $691k–$14M; Series A $1.5M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $589M in 2017

Portfolio highlights

  • Taian — Taian, which specializes in bridal industry services and software. They also provide ''Concept Marry,'' which allows couples to design invites and seating charts that match their wedding theme, as well as display guest information on Oiwaii.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
  • Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
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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, Software, Internet of Things
  • Stage:Series A, Series B
  • Geography: Japan, United States, Canada

Investor stats

  • Total investments: 126
  • Round size: Series A $2.2M–$105M; Series B $3.7M–$283M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2019

Portfolio highlights

  • ASUENE — Asuene involves in clean power retail business, retail SaaS business, etc.
  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • TWO — TWO is a health and wellness company that offers innovative lifestyle solutions 2foods, a line of healthy and delicious food products.
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MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund · Tokyo, Tokyo, Japan · 2 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: 266
  • Round size: Seed $505k–$33M; Series B $1.8M–$85M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $1.4B in 2021

Portfolio highlights

  • FullDepth — FullDepth is a company that creates marine drones to aid with underwater monitoring. The company's drones work in tandem with marine navigation technology, which monitors and captures aquatic life, communicates data to connected devices, and provides infiltration information that can be freely used with a cloud service, allowing customers towitness and study marine life for educational and recreational purposes.FullDepth is a company that creates marine drones to aid with underwater monitoring. The company's drones work in tandem with marine navigation technology, which monitors and captures aquatic life, communicates data to connected devices, and provides infiltration information that can be freely used with a cloud service, allowing customers to witness and study marine life for educational and recreational purposes.
  • Peco Free — Peco Free is a school meal pre-order service that is selected using a smartphone.
  • Smart Craft
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JAFCO Group
VC Fund · 2 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, E-Commerce, Software
  • Stage:Series B, Series C
  • Geography: Japan, United States

Investor stats

  • Total investments: 37
  • Round size: Series B $5.5M–$283M; Series C $7.3M–$198M
  • Lead/follow: 22% lead, 78% follow

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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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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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: Artificial Intelligence, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 51
  • Round size: Series A $272k–$85M; Series B $2.8M–$67M
  • 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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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, Diving, EdTech
  • Stage:Series A, Series B, Series C
  • Geography: Japan

Investor stats

  • Total investments: 6
  • Round size: Series B $4.3M–$31M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • T2 — T2 Co offers services like automatic driving of huge trucks to provide a trunk transportation service.
  • 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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XTech Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

XTech Ventures aims to achieve dramatic growth for investee companies by supporting entrepreneurship, multifaceted management support, and IPO support for the excellent middle class who are enthusiastic about entrepreneurship.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Japan, Italy, United Arab Emirates

Investor stats

  • Total investments: 119
  • Round size: Seed $558k–$17M; Series A $2M–$14M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $415M in 2018

Portfolio highlights

  • Yondemy — Yondemy is an online platform for children reading books.
  • Yokohama Vanilla — Yokohama Vanilla is a Company which operates Yokohama-based gift sweets brand.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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Agribusiness Investment Development
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

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.

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Investment focus

  • Industry: Food and Beverage, Agriculture, Manufacturing
  • Stage:Series A, Series B, Seed
  • Geography: Japan

Investor stats

  • Total investments: 19
  • Round size: Seed $1.4M–$1.4M; Series A $1.6M–$31M; Series B $2.6M–$12M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Ukka — Ukka is a Creating the ideal form of food and agriculture.
  • KAICO — KAICO is a pharmaceuticals, diagnostic drugs production company.
  • Newlocal — Newlocal offers planning, development, and consulting services related to real estate, construction, and community development sectors.
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Future Food Fund
VC Fund · Nishi-shinagawa, Tokyo, Japan · 2 investments in Japan Retail startups

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

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Investment focus

  • Industry: Food and Beverage, Agriculture, Food Processing
  • Stage:Series A, Series B
  • Geography: Japan, United States, Denmark

Investor stats

  • Total investments: 26
  • Round size: Series A $1.2M–$26M; Series B $1.5M–$7.2M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • AlgaleX — AlgaleX is a food technology and biotechnology company that develops AI-powered algae fermentation technology to produce sustainable food ingredients, nutritional compounds, and bioproducts. The company leverages proprietary AI-driven cultivation and fermentation systems to convert underutilized food byproducts into high-value microalgae rich innutrients such as DHA, umami compounds, and other functional ingredients. Its mission is to build a circular bioeconomy by reducing food waste while providing sustainable alternatives to marine- and animal-derived ingredients.The company's core technology is Touji-24, an AI-powered algae cultivation and fermentation control system that automates and optimizes microalgae production. Using proprietary fermentation processes and food byproducts such as awamori lees, AlgaleX cultivates algae that can be used to produce Umamo, a plant-based ingredient combining seafood-like umami flavor with high concentrations of DHA. This approach reduces reliance on wild-caught fish as a source of omega-3 fatty acids while upcycling food industry byproducts into valuable nutritional ingredients.
  • Mycoverse — Mycoverse is a agri-biotech startup specializes in developing fungal-based biological crop protection solutions to replace chemical pesticides, targeting row crops with an initial focus on potato late blight.
  • GrubMarket — GrubMarket develops a website where sellers can offer foods and other items at wholesale prices to customers. It offers products such as organic foods, vegetables, gluten-free foods, snacks, drinks, pantries, home goods, health and beauty products, baby and kids' products, pets, non-GMO foods, paleo foods, cholesterol-free, and no trans-fatfoods.GrubMarket also offers foods from local farms, fisheries, commercial kitchens, certified home kitchens, and restaurants. Mike Xu founded GrubMarket in 2014, with its headquarters in Newark in California with an additional office in San Francisco in California.
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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, Video
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 11
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Nyle — Nyle is a web consulting company specialized in providing web solutions for internet media businesses.
  • BitStar — BitStar is the EnterTech company that accelerates the growth of video creators and content with our proprietary data 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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W ventures
VC Fund · Shibuya, Kanagawa, Japan · 2 investments in Japan Retail startups

W Ventures is a Berlin based Venture Design and Venture Capital company that offers a complete framework for the acceleration of digital business ideas.

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Investment focus

  • Industry: Information Technology, Content, Internet
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, United States

Investor stats

  • Total investments: 76
  • Round size: Seed $382k–$17M; Series A $1.3M–$37M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $688M in 2019

Portfolio highlights

  • Anaguma — Anaguma handles business development based on the philosophy of helping people with a sustainable structure. The company's business objective is to eliminate concerns about purchases and reservations, and it delivers before-sales social networks. It also provides matching services exclusively for housekeepers' personal contracts. Thecompany also offers influencer marketing services with a focus on removing waste completely from advertising and realizing a world in which good products can be sold regardless of advertising costs.Anaguma was founded in January 2016 and is headquartered in Tokyo, Japan.
  • Ness — Ness is a tech company that offers 3 service websites and analytic tools for NFT marketing tool, TikTok product and NFT holders.
  • Visual Bank — Visual Bank operates a stock photo business and provides an AI data platform. It aims to create a society in which the value of Japanese creations is maximized and optimized.
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Spiral Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Japan Retail startups

Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office toSingapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market.In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm.taken from https://spiral-ventures.com/en/group-info/

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Investment focus

  • Industry: E-Commerce, Information Technology, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 102
  • Round size: Seed $500k–$4.5M; Series A $1.5M–$62M; Series B $10M–$103M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Fragaria — Discover innovative farming practices and high-quality, year-round fruits in India with Fragaria's advanced agricultural technology.
  • SPUN — The most reliable online visa platform in Indonesia with 24/7 dedicated assistance and money-back guarantee.
  • Pruv Finance — The foundational layer for institutional-grade tokenization, bridging multichain ecosystems with DeFi-ready assets.
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TOSHIBA TEC CORPORATION
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Retail startups

Retail solutions,Printing Solutions,Inkjet solutions,ODM solutions

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Investment focus

  • Industry: Software, Retail, Retail Technology
  • Stage:Series A, Series B, Seed
  • Geography: Japan, New Zealand, United States

Investor stats

  • Total investments: 10
  • Round size: Seed $3.6M–$9.5M; Series A $2M–$2.1M; Series B $5.7M–$55M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Ukka — Ukka is a Creating the ideal form of food and agriculture.
  • Logiless — Logiless is a cloud type all-in-one software dedicated to net shop. Since both orders and stocks can be managed together in a logical manner, efficiency of operations can be realized at low cost.
  • MUSE — MUSE is a robotics company that provides robotic solutions for retail stores to support in-store operations.
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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, Venture - Series Unknown
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 19
  • Round size: Series B $9.2M–$30M
  • Lead/follow: 26% lead, 74% 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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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, FinTech, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Japan, China, United States

Investor stats

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

Portfolio highlights

  • Rimowa — Rimowa designs characters not as mere “content,” but as immersive character operating systems that integrate naturally into everyday life, creating emotionally resonant experiences that seamlessly connect digital interaction, storytelling, and real-world consumer engagement.
  • Tokenz — Tokenz is a global payment platform designed to help digital content creators and businesses scale their revenue seamlessly. Supporting payment methods worldwide, Tokenz enables brands to build customizable web stores, optimize conversions, and expand direct-to-consumer sales. As a Merchant of Record (MoR), Tokenz ensures global tax compliance,fraud protection, and multi-currency transactions—allowing businesses to sell with confidence across international markets.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
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Gogin Capital
VC Fund · Matsue-shi, Shimane, Japan · 1 investments in Japan Retail startups, 14 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: 38
  • Round size: Seed $755k–$21M; Series A $2.7M–$82M; Series B $2.6M–$16M
  • 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.
  • 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.
  • Neusignal Therapeutics — Neusignal Therapeutics is a medical company that develops therapeutic medicines for dementia and psychiatric illnesses.
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TD Investment
VC Fund · Tarumi, Hyogo, Japan · 1 investments in Japan Retail startups

TD Investment is a venture capital arm of TORIDOLL Holdings.

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Investment focus

  • Industry: Retail, Parking, Automotive
  • Stage:Series A
  • Geography: Japan

Investor stats

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

Portfolio highlights

  • Akippa — Akippa is a Osaka based parking space reservation app company.
  • On The Slope — On the way to Sakano deliver vegetables grown without the use of pesticides and chemical fertilizers, aiming to spread agriculture with low environmental impact. We want to make agriculture sustainable and reach a sustainable society.
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Miyagin Venture Capital
VC Fund · Miyazaki, Miyazaki, Japan · 1 investments in Japan Retail startups

Miyagin Venture Capital is a venture capital firm.

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Investment focus

  • Industry: Medical, mHealth, Biopharma
  • Stage:Seed
  • Geography: Japan

Investor stats

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

Portfolio highlights

  • Smolt — Smolt is a startup that performs its own recycling type aquaculture of Sakura Mouth.
  • Locus Blue — Locus Blue is a geospatial data analytics company providing an online point cloud processing platform to support industries. Locus Blue creates tools that use 3D data to improve efficiency and address societal issues, making people's lives easier by delivering cutting-edge technology in an easy-to-use format. ScanX, the company's product,is designed for productivity and makes point cloud data analysis easier through automation and the use of machine learning algorithms.
  • Libero Thera — LiberoThera provides drug discovery research and development services. It focuses on making drugs with GPCRs for membrane proteins. LiberoThera was founded in 2018 and is located in Tokyo.
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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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Light Street Capital
VC Fund · Palo Alto, California, United States · 1 investments in Japan Retail startups

Light Street Capital Management is an investment management firm located in Menlo Park, California. The firm invests globally in public and private equity markets with a focus on technology and media sectors. Core areas of investment focus are social media, cloud computing, e-commerce, and sharing economy companies.

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Investment focus

  • Industry: SaaS, Software, E-Commerce
  • Stage:Series D, Secondary Market, Series C
  • Geography: United States, Japan, India

Investor stats

  • Total investments: 26
  • Round size: Series C $98M–$879M; Series D $150M–$1.7B
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $57M in 2019

Portfolio highlights

  • JETSWEAT — Jetsweat is a well-being platform that helps organizations engage populations to live healthier lives. We partner with forward-thinking employers, health plans and health systems to set a new standard for holistic and preventative care, driving better outcomes through engaging journeys, personalized programming from exclusive provider ecosystem,and dedicated white-label software.
  • Ayar Labs — Ayar Labs develops a monolithic in-package optical I/O (MIPO) solution for applications that require high bandwidth, low latency, and power-efficient short-reach interconnects.The company disrupts the traditional performance, cost, and efficiency curves of the semiconductor and computing industries by driving improvement in interconnectbandwidth density at lower power. Its patented approach uses industry-standard cost-effective silicon processing techniques to develop high speed, high density, low power optical-based interconnect “chiplets” and lasers to replace traditional electrical-based I/O. Ayar’s flagship product is a chip called TeraPhy that implements its optical technology on compact silicon die. The chip can be integrated directly into a central processing unit, graphics card, or another processor to give it optical data transmission capabilities.The Emeryville, California-headquartered company was established in 2015 by Alex Wright-Gladstein, Vladimir Stojanovic, Chen Sun, and Mark Wade.
  • Lumin Digital — Experience disruption-proof digital banking with Lumin Digital's cloud-native platform, offering innovative solutions for financial institutions.
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KDDI Open Innovation Fund
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

KDDI Open Innovation Fund is a corporate venture capital fund that will support promising startup companies. Total size of the fund is JPY10 billion. This is the first corporate venture capital fund established by KDDI. The fund will be managed by Global Brain Corporation (Head office: Minato-ku, Tokyo; President and CEO, Yasuhiko Yurimoto),which has a strong track record in the venture capital business. By combining KDDI’s know-how and assets with Global Brain’s investment and management support capabilities, we will work together to accelerate cooperative activities with promising startup companies. Through this fund, as well as "KDDI ∞ Labo," a startup incubation program currently inviting a second round of applications, we will continue to support the growth of the next startup companies.

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Investment focus

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

Investor stats

  • Total investments: 99
  • Round size: Series A $1.3M–$142M; Series B $9.6M–$553M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Recho — Recho’s voice AI solutions must offer some unique features. Recho has a mission to "create the future of communication" and provides the VoiceAI platform and its application, Voice Agent.
  • Resemble AI — AI voice generator with voice cloning for text to speech.
  • Deeping Source — Real-time Video Analytics based on Data Anonymization. High-accuracy computer vision for large-scale spaces: hypermarkets, shopping malls, convention centers, hospitals, logistics warehouses, construction sites, etc.
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ITOCHU Technology Ventures
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

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

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Investment focus

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

Investor stats

  • Total investments: 144
  • Round size: Series A $4M–$128M; Series B $4.2M–$213M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2019

Portfolio highlights

  • NodeX — We build open-source embedded software and cloud tools to help developers build secure IoT products, simply. By leveraging decentralized identity and h/w root of trust technology, IoT security platform "UNiD" enables developers to automate device management and easily build secure data pipeline between every devices and the cloud.
  • Simplex Quantum — Simplex Quantum conducts research and development of AI-based solutions in the healthcare field and operates the SQ-bar service.It also offers the Shinden-kun, a portable device that can analyze the measured electrocardiographic information with AI and detect heartbeat turbulence.It was established on October 3, 2014 and headquartered inTakanawa, Minato-ku.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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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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Kyodo News Digital
VC Fund · Minato, Chiba, Japan · 1 investments in Japan Retail startups

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

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Investment focus

  • Industry: Retail, Security, Business Development
  • Stage:Series A, Series B
  • 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 .
  • FUNDiT — FUNDiT is an IT-focused M&A and business consolidation company that specializes in acquiring, managing, and scaling IT companies.
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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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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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Mizuho Bank
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups, 90 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: 313
  • Round size: Post-IPO Debt $150M–$5.6B; Debt Financing $1.3M–$925M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Polyuse — Polyuse Co., Ltd. is developing technology centered on "3D printers for construction" for the construction and civil engineering industries under the mission of "updating the construction industry with the power of technology".
  • Bank of India — Bank of India is a Nationalized bank with a presence in all the major trade centers of the world.
  • Atom — Atom is a humanoid robot built platform. Its bipedal, dual-armed robots are designed not just as industrial tools but as collaborators that expand human capability. By combining advanced Physical AI—environmental perception, judgment, and action planning—with robust robotic hardware, Atom is creating adaptive agents capable of working acrossdiverse settings to augment or, where appropriate, replace human labor. The company positions these robots as a next step in societal evolution: a new class of machines that learn and behave in human-like ways to advance productivity, safety, and quality of life.
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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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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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BASE Partners
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

BASE Partners is an independent venture capital organization organized by members who are professionals in each field such as managers, entrepreneurs, engineers, designers and accountants, and who are also entrepreneurs at the same time.Early and middle, mainly in the seed stage before and after the establishment. Up to the stage, we invest inall entrepreneurs and their challenges, and we also provide hands-on management support to startups that lack resources, experience and networks as well as funding.

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Investment focus

  • Industry: Manufacturing, Task Management, Content
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

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

Portfolio highlights

  • Sabu — Sabu is an online work agency that offers back-office operations, web production, and outsourcing services for the dental care industry.
  • Utill — Utill is anything that expands the possibilities of not only production but also our own services
  • Vesicle — Vesicle is a fruit and vegetable company that provides distribution and delivery of fresh vegetables.
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Asukanet
VC Fund · Hiroshima-shi, Hiroshima, Japan · 1 investments in Japan Retail startups

Asukanet is a digital photo processing service provider company.

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Investment focus

  • Industry: Artificial Intelligence, Retail, Robotics
  • 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 .
  • Unirobot — Unirobot is a Development, manufacture, sale of next generation social robot.Development of general embedded software incidental to the above.Research and development on Personal AI (communication of natural language processing,.
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CyberAgent
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

CyberAgent, Inc. is mainly engaged in the integrated net business.The Company operates in five business segments. The Integrated Net Business segment is engaged in the advertisement agency business, the smart phone media business, as well as the sale of advertisements for smart phone. The Media Related segment is engaged in the social gamebusiness, the operation of mobile media and personal computer business. The Ameba Related segment is engaged in the operation of Websites Ameba and Ameba Pigg.

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Investment focus

  • Industry: Internet, Education, Advertising
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, South Korea

Investor stats

  • Total investments: 20
  • Round size: Seed $28M–$57M; Series A $115M–$142M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Call Doctor — Call Doctor offers visit requests, online medical treatment, and medical consultation. In a contemporary world where the need for medical care is evolving, the company seeks to provide the appropriate medical treatment to the appropriate people at the appropriate time. The Call Doctor app is used to request house calls, online physicals, andmedical consultations to receive safe and secure medical care.
  • Jago Coffee — Jago Coffee serves freshly brewed coffee beverages wherever you are through a fleet of fully electric mobile cafes.
  • Interstellar Technologies — Interstellar Technologies is a rocket development, manufacturing and launch service.
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TIS Japan
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Japan Retail startups

The gateway to TIS's corporate.Solution,and Group Information, Corporate Data, and more.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series C, Seed
  • Geography: Japan, Singapore, Indonesia

Investor stats

  • Total investments: 58
  • Round size: Seed $740k–$71M; Series C $7.5M–$496M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Logice — Logice delivers seamless cold chain solutions, improving reliability in warehouse, delivery, and processing.
  • Sembuh AI — Sembuh AI is an insurtech company that develops an AI‑based platform for health‑insurance claims processing. It focuses on automating high‑volume claims review, detecting fraud or anomalous claims, and reducing overpayments for insurers and third‑party administrators. The company acts as a claims‑automation and analytics layer rather than a directinsurer or payer.
  • StratifiCare — At StratifiCare, we focus on the development and manufacturing of IVD (In-Vitro Diagnostics) assay solutions for personalized medicine. With more than 50 years of cumulative in-depth experience in Biomedical R&D and technology commercialization, StratifiCare strives to empower personalised medicine.
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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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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, Switzerland

Investor stats

  • Total investments: 91
  • Round size: Seed $804k–$35M; Series A $229k–$44M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • 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.
  • Interstellar Technologies — Interstellar Technologies is a rocket development, manufacturing and launch service.
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Retail VC funding in Japan at a glance

Stats across 213 deals from 333 investors.

333
investors
in Japan Retail startups
213
deals
in Japan Retail startups
$13M
median round
in Japan Retail startups
28%
lead investors
lead at least one round
13%
Series A
most common funding stage

Access all 333 VC funds in Japan Retail startups.

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