Investors
Every investor named in a tracked 2026 round, ranked by deal count. "Participated in rounds totalling" is the sum of the full rounds the investor joined — not the investor's own cheque, which is rarely disclosed. Where an investor publishes its own investment figures, they are shown on its page with source and period.
| Investor | Type | Origin | 2026 deals | Participated in rounds totalling |
|---|---|---|---|---|
| Mitsubishi UFJ Capital | Bank/financial-group affiliated VC | Domestic | 23 | ¥16.67B (+8 undisclosed) |
| JAFCO Group | Independent VC | Domestic | 11 | ¥9.99B (+1 undisclosed) |
| Mizuho Capital | Bank/financial-group affiliated VC | Domestic | 11 | ¥6.92B (+3 undisclosed) |
| SMBC Venture Capital | Bank/financial-group affiliated VC | Domestic | 10 | ¥7.62B (+2 undisclosed) |
| SBI Investment | Bank/financial-group affiliated VC | Domestic | 7 | ¥3.77B (+2 undisclosed) |
| DUAL BRIDGE CAPITAL | Independent VC | Domestic | 5 | ¥3.93B (+1 undisclosed) |
| East Ventures | Independent VC | Foreign · Indonesia | 5 | ¥480M (+2 undisclosed) |
| Globis Capital Partners | Independent VC | Domestic | 5 | ¥9.81B |
| JIC Venture Growth Investments | Government/public fund | Domestic | 5 | ¥8.48B |
| One Capital | Independent VC | Domestic | 5 | ¥9.85B (+2 undisclosed) |
| ALL STAR SAAS FUND | Independent VC | Domestic | 4 | ¥3.06B (+1 undisclosed) |
| ALPHA | Independent VC | Domestic | 4 | ¥8.35B |
| ANOBAKA | Independent VC | Domestic | 4 | ¥310M |
| Archetype Ventures | Independent VC | Domestic | 4 | ¥2.44B |
| Delight Ventures | Independent VC | Domestic | 4 | ¥910M (+1 undisclosed) |
| Genesia Ventures | Independent VC | Domestic | 4 | ¥2.18B (+1 undisclosed) |
| Global Brain | Independent VC | Domestic | 4 | ¥7.3B (+1 undisclosed) |
| Kyoto University Innovation Capital | University-affiliated VC | Domestic | 4 | ¥2.95B (+1 undisclosed) |
| Nissay Capital | Bank/financial-group affiliated VC | Domestic | 4 | ¥3.36B (+1 undisclosed) |
| SPARX Asset Management | Bank/financial-group affiliated VC | Domestic | 4 | ¥8.42B (+1 undisclosed) |
| Spiral Capital | Independent VC | Domestic | 4 | ¥1.1B (+3 undisclosed) |
| Akigin Capital Partners | Bank/financial-group affiliated VC | Domestic | 3 | ¥570M (+2 undisclosed) |
| Coral Capital | Independent VC | Domestic | 3 | ¥9.4B |
| Coreline Ventures | Independent VC | Domestic | 3 | ¥1.13B (+1 undisclosed) |
| CyberAgent Capital | CVC | Domestic | 3 | ¥200M (+2 undisclosed) |
| Environmental Energy Investment | Independent VC | Domestic | 3 | ¥1.41B (+1 undisclosed) |
| Gohgin Capital | Bank/financial-group affiliated VC | Domestic | 3 | ¥1.57B (+1 undisclosed) |
| Headline Asia | Independent VC | Foreign · United States | 3 | ¥1.1B (+1 undisclosed) |
| Ignition Point Venture Partners | Independent VC | Domestic | 3 | — (+3 undisclosed) |
| Incubate Fund | Independent VC | Domestic | 3 | ¥3.25B (+1 undisclosed) |
| Mitsui Sumitomo Insurance Capital | Bank/financial-group affiliated VC | Domestic | 3 | ¥280M (+2 undisclosed) |
| MPower Partners | Independent VC | Domestic | 3 | ¥1.63B (+1 undisclosed) |
| NTT Docomo Ventures | CVC | Domestic | 3 | ¥730M (+1 undisclosed) |
| Osamu Suzuki | Angel/individual | Domestic | 3 | ¥222M (+2 undisclosed) |
| Resona Capital | Bank/financial-group affiliated VC | Domestic | 3 | ¥1.5B (+2 undisclosed) |
| Shinryo Fund | Independent VC | Domestic | 3 | — (+3 undisclosed) |
| UntroD Capital Japan | Independent VC | Domestic | 3 | ¥2.11B |
| ANRI | Independent VC | Domestic | 2 | ¥800M (+1 undisclosed) |
| BRICKS FUND TOKYO | Independent VC | Domestic | 2 | ¥2.87B |
| Canon Marketing Japan MIRAI Fund | Independent VC | Domestic | 2 | ¥7B |
| D4V | Independent VC | Domestic | 2 | ¥1.6B |
| Daiwa House Ventures | CVC | Domestic | 2 | ¥3.93B |
| DBJ Capital | Government/public fund | Domestic | 2 | ¥2.52B |
| DG Resona Ventures | Bank/financial-group affiliated VC | Domestic | 2 | ¥2.8B |
| DNX Ventures | Independent VC | Foreign · United States | 2 | ¥500M |
| GMO VenturePartners | Independent VC | Domestic | 2 | ¥1.26B |
| HIRAC FUND | Independent VC | Domestic | 2 | ¥360M (+1 undisclosed) |
| Hiroshima Venture Capital | Bank/financial-group affiliated VC | Domestic | 2 | ¥545M |
| Hulic Startup | CVC | Domestic | 2 | ¥1.28B (+1 undisclosed) |
| Inclusion Japan | CVC | Domestic | 2 | — (+2 undisclosed) |
| JR West Innovations | CVC | Domestic | 2 | ¥3.28B |
| Kanpo NEXT Partners | Independent VC | Domestic | 2 | ¥819M (+1 undisclosed) |
| Kyoshin Social Capital | Independent VC | Domestic | 2 | ¥1.22B (+1 undisclosed) |
| Kyoto Capital Partners | Independent VC | Domestic | 2 | — (+2 undisclosed) |
| Lifetime Ventures | Bank/financial-group affiliated VC | Domestic | 2 | ¥1.59B |
| Lotte Ventures Japan | CVC | Foreign · South Korea | 2 | ¥4.11B |
| MedVenture Partners | Independent VC | Domestic | 2 | ¥1.8B (+1 undisclosed) |
| Midtown Frontier Fund | Independent VC | Domestic | 2 | ¥3.46B |
| mint | Independent VC | Domestic | 2 | ¥200M (+1 undisclosed) |
| Mitsubishi HC Capital | Bank/financial-group affiliated VC | Domestic | 2 | ¥2.4B (+1 undisclosed) |
| Mitsubishi UFJ Morgan Stanley Securities | CVC | Domestic | 2 | ¥120M (+1 undisclosed) |
| Mitsui & Co. | CVC | Domestic | 2 | ¥3.34B (+1 undisclosed) |
| Mobile Internet Capital | Independent VC | Domestic | 2 | ¥819M (+1 undisclosed) |
| NOBUNAGA Capital Village | Bank/financial-group affiliated VC | Domestic | 2 | ¥910M (+1 undisclosed) |
| OKB Capital | Bank/financial-group affiliated VC | Domestic | 2 | ¥840M |
| ON&BOARD | CVC | Domestic | 2 | ¥270M |
| Osaka University Venture Capital | University-affiliated VC | Domestic | 2 | ¥1.23B (+1 undisclosed) |
| PARTNERS FUND | Independent VC | Domestic | 2 | ¥1.25B |
| Salesforce Ventures | Independent VC | Domestic | 2 | ¥3.42B |
| Samurai Incubate | CVC | Domestic | 2 | ¥450M |
| Shinhan Venture Investment | Bank/financial-group affiliated VC | Foreign · South Korea | 2 | ¥1B (+1 undisclosed) |
| Shinkin Capital | Bank/financial-group affiliated VC | Domestic | 2 | ¥4.25B |
| Shionogi & Co | CVC | Domestic | 2 | ¥2.3B |
| Shizuoka Capital | Bank/financial-group affiliated VC | Domestic | 2 | ¥1.95B |
| Skyland Ventures | Independent VC | Domestic | 2 | ¥380M |
| Spiral Innovation Partners | Independent VC | Domestic | 2 | ¥2B |
| Suho Investment Works | Independent VC | Domestic | 2 | — (+2 undisclosed) |
| Sumitomo Heavy Industries | CVC | Domestic | 2 | ¥250M (+1 undisclosed) |
| Sumitomo Mitsui Banking Corporation | Bank/financial-group affiliated VC | Domestic | 2 | ¥6.7B |
| Waseda University Ventures | University-affiliated VC | Domestic | 2 | ¥420M |
| WiL | Independent VC | Foreign · United States | 2 | ¥6.75B |
| WPower Fund | Independent VC | Domestic | 2 | ¥2.05B |
| Yokohama Capital | Independent VC | Domestic | 2 | ¥1.37B |
| Z Venture Capital | Independent VC | Domestic | 2 | ¥100M (+1 undisclosed) |
| 15th Rock | Independent VC | Domestic | 1 | ¥190M |
| Abelia Capital | Independent VC | Domestic | 1 | ¥140M |
| Abies Ventures | Independent VC | Domestic | 1 | ¥500M |
| Adplan Creates Co | CVC | Domestic | 1 | — (+1 undisclosed) |
| ADS Capital | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| AG Capital | Independent VC | Domestic | 1 | ¥862M |
| Agribusiness Investment & Consultation | CVC | Domestic | 1 | ¥300M |
| AGS Consulting | CVC | Domestic | 1 | ¥730M |
| Aichi Capital | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Aichi Sangyo | CVC | Domestic | 1 | ¥3.2B |
| AIST Solutions | Government/public fund | Domestic | 1 | — (+1 undisclosed) |
| Aizawa Investments | Independent VC | Domestic | 1 | ¥1.3B |
| Ajinomoto | CVC | Domestic | 1 | ¥1.3B |
| Alconix Ventures | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| All About | CVC | Domestic | 1 | ¥1.5B |
| Angel Bridge | Independent VC | Domestic | 1 | ¥5.45B |
| Animal Spirits | Independent VC | Domestic | 1 | ¥3.2B |
| Anritsu | CVC | Domestic | 1 | ¥1.23B |
| Antler | Independent VC | Foreign · Singapore | 1 | — (+1 undisclosed) |
| Aozora Corporate Investment | Bank/financial-group affiliated VC | Domestic | 1 | ¥3.2B |
| Apollo Capital (Apollo Capital No | Independent VC | Domestic | 1 | ¥1.1B |
| Arbitrum Gaming Ventures | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Arcus South East Asia | Independent VC | Foreign · Singapore | 1 | ¥1.22B |
| Artemis Ventures | Independent VC | Domestic | 1 | ¥2.3B |
| Asobisystem | CVC | Domestic | 1 | ¥500M |
| Astart | Other | Domestic | 1 | ¥2B |
| Asu Capital Partners | Independent VC | Domestic | 1 | ¥100M |
| Asuene | CVC | Domestic | 1 | — (+1 undisclosed) |
| Awa Bank Capital | Bank/financial-group affiliated VC | Domestic | 1 | ¥1.3B |
| AZ-COM Maruwa Holdings | CVC | Domestic | 1 | ¥1B |
| B Dash Ventures | Independent VC | Domestic | 1 | ¥3.2B |
| BA7 Venture Capital CORP | Independent VC | Domestic | 1 | ¥1.22B |
| Baboon VC | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Bandai Namco Holdings | CVC | Domestic | 1 | — (+1 undisclosed) |
| Beyond Next Ventures | Independent VC | Domestic | 1 | ¥2B |
| Bio-Sight Capital | Independent VC | Domestic | 1 | ¥1.23B |
| Biz Architects | CVC | Domestic | 1 | — (+1 undisclosed) |
| Blue Lab | CVC | Domestic | 1 | ¥1.53B |
| Boost Capital | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| BOR Venture Fund No | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Bourbon | CVC | Domestic | 1 | ¥50M |
| Brand New Retail Initiative Fund Limited Partnership | Independent VC | Domestic | 1 | ¥430M |
| Brangista | CVC | Domestic | 1 | ¥1.5B |
| Brave group | CVC | Domestic | 1 | ¥100M |
| BSN Media Holdings | CVC | Domestic | 1 | ¥50M |
| Business Succession Support Fund | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Canal Ventures | Independent VC | Domestic | 1 | ¥1.53B |
| Canon Marketing Japan | CVC | Domestic | 1 | ¥330M |
| Carbide Ventures Fund I | Independent VC | Domestic | 1 | ¥1.28B |
| Carbon Ventures | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Cathay Venture | Independent VC | Domestic | 1 | ¥600M |
| Cherubic Ventures | Independent VC | Domestic | 1 | ¥1B |
| Chiba Kogin Capital Partners | Bank/financial-group affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Chopro | Other | Domestic | 1 | ¥430M |
| Chubu Electric Power | CVC | Domestic | 1 | ¥200M |
| Chuden Kankyo Technos | CVC | Domestic | 1 | ¥3.34B |
| Chushin Venture Capital | Bank/financial-group affiliated VC | Domestic | 1 | ¥1.22B |
| CJSF | Other | Domestic | 1 | ¥430M |
| Corundum Systems Biology | CVC | Domestic | 1 | — (+1 undisclosed) |
| Crest Skill Partners | Independent VC | Domestic | 1 | ¥770M |
| D4V made follow-on investments | Independent VC | Domestic | 1 | ¥1.37B |
| Dai Yoshida | Angel/individual | Domestic | 1 | ¥250M |
| Dai-ichi Life Insurance | CVC | Domestic | 1 | ¥862M |
| Daisei Holdings | CVC | Domestic | 1 | ¥1B |
| Darwin Venture Management | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| DCI Partners | Independent VC | Domestic | 1 | ¥1.22B |
| DCM Ventures | Independent VC | Domestic | 1 | ¥330M |
| DE-SIGN Capital | Independent VC | Domestic | 1 | ¥1B |
| Decarbonization Partners | Independent VC | Domestic | 1 | ¥13.5B |
| Decima Fund | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Deep30 | Independent VC | Domestic | 1 | ¥1.1B |
| Deepcore | CVC | Domestic | 1 | — (+1 undisclosed) |
| DeNA | CVC | Domestic | 1 | — (+1 undisclosed) |
| Development Bank of Japan | Government/public fund | Domestic | 1 | ¥250M |
| Digital Grid | CVC | Domestic | 1 | — (+1 undisclosed) |
| DMM.com | CVC | Domestic | 1 | ¥5B |
| DNX Capital | Independent VC | Foreign · United States | 1 | — (+1 undisclosed) |
| DRONE FUND | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Electric Power Development Co | CVC | Domestic | 1 | ¥1.1B |
| En | CVC | Domestic | 1 | ¥5.45B |
| EX Innovation Fund | Independent VC | Domestic | 1 | ¥110M |
| F Ventures | Independent VC | Domestic | 1 | ¥250M |
| Fast Track Initiative | Independent VC | Domestic | 1 | ¥1.8B |
| FFG Venture Business Partners | Independent VC | Domestic | 1 | ¥3B |
| Fiducia | Other | Domestic | 1 | — (+1 undisclosed) |
| Fintech Global | Bank/financial-group affiliated VC | Domestic | 1 | ¥862M |
| FirstLight Capital | Independent VC | Domestic | 1 | ¥1B |
| For Startups Capital | Independent VC | Domestic | 1 | ¥3.2B |
| Frontier Innovations | Independent VC | Domestic | 1 | ¥200M |
| Fuji Electric | CVC | Domestic | 1 | ¥3.23B |
| Fujikura | CVC | Domestic | 1 | ¥3.23B |
| Fujitsu Ventures Fund LLC) | CVC | Domestic | 1 | — (+1 undisclosed) |
| Future Food Fund | Independent VC | Domestic | 1 | ¥410M |
| Gazelle Capital | Independent VC | Domestic | 1 | ¥1.1B |
| Genesia | Other | Domestic | 1 | ¥450M |
| Giga System | CVC | Domestic | 1 | — (+1 undisclosed) |
| Global Brain—Mitsubishi UFJ Capital | CVC | Domestic | 1 | — (+1 undisclosed) |
| Global Brain’s jointly established Shimadzu Future Innovation Fund | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Global Hands-On VC | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| GMO AI & Robotics Trading | CVC | Domestic | 1 | ¥3B |
| GMS | Other | Domestic | 1 | ¥1.45B |
| GOLDEN EGG Ventures | Independent VC | Domestic | 1 | ¥330M |
| Gougin Capital | Bank/financial-group affiliated VC | Domestic | 1 | ¥140M |
| GREE Ventures | Independent VC | Domestic | 1 | ¥228M |
| Green Coinvest | Independent VC | Domestic | 1 | ¥2B |
| Green Core | CVC | Domestic | 1 | — (+1 undisclosed) |
| Green Next Create | CVC | Domestic | 1 | — (+1 undisclosed) |
| Hakuhodo DY ONE | CVC | Domestic | 1 | ¥1.5B |
| Hankyu Hanshin Properties | CVC | Domestic | 1 | ¥800M |
| Harislee | Other | Domestic | 1 | — (+1 undisclosed) |
| Hekishin AOMI Fund | Independent VC | Domestic | 1 | ¥45M |
| HEROZ | CVC | Domestic | 1 | ¥1.78B |
| Hiroto Furuhashi | Angel/individual | Domestic | 1 | ¥90M |
| Hirotomo Nishihara | Angel/individual | Domestic | 1 | ¥370M |
| Hirotoshi Takahashi | Angel/individual | Domestic | 1 | ¥90M |
| HIU Investment | Independent VC | Domestic | 1 | ¥1.8B |
| Hokuhoku Capital | Bank/financial-group affiliated VC | Domestic | 1 | ¥250M |
| Hokuyo SDGs Promotion Fund | Independent VC | Domestic | 1 | ¥1.3B |
| Honda Motor Co | CVC | Domestic | 1 | — (+1 undisclosed) |
| Hyakujushi Growth Investment & Assistance | Independent VC | Domestic | 1 | ¥500M |
| Ichinen Holdings | CVC | Domestic | 1 | ¥550M |
| Identity Academy | CVC | Domestic | 1 | ¥410M |
| Iidabashi Cross Partners | Independent VC | Domestic | 1 | ¥30M |
| Ikeda Senshu Capital | Bank/financial-group affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Inno Associates | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Itochu Group companies | CVC | Domestic | 1 | ¥450M |
| Itochu Technology Ventures | CVC | Domestic | 1 | — (+1 undisclosed) |
| Iwagin Business Creation Capital | Bank/financial-group affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| JA Mitsui Strategic Partners | CVC | Domestic | 1 | ¥3.34B |
| JAFCO | CVC | Domestic | 1 | — (+1 undisclosed) |
| JAL Engineering | CVC | Domestic | 1 | ¥3.2B |
| Japan Finance Corporation | CVC | Domestic | 1 | ¥350M |
| Japan Investment Advisor | Independent VC | Domestic | 1 | ¥1.1B |
| Japan Post Bank | CVC | Domestic | 1 | ¥1B |
| Japan Science and Technology Agency | Government/public fund | Domestic | 1 | ¥220M |
| Japan Startup Support Association | Other | Domestic | 1 | ¥130M |
| Japan Venture Capital | Independent VC | Domestic | 1 | ¥1.3B |
| JFR MIRAI CREATORS Fund | Independent VC | Domestic | 1 | ¥700M |
| jig.jp | CVC | Domestic | 1 | ¥100M |
| JMTC Capital | Independent VC | Domestic | 1 | ¥1.23B |
| JMTC Capital LLC | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| JP Investment also subscribed | Independent VC | Domestic | 1 | ¥2.9B |
| JR East Startup | CVC | Domestic | 1 | ¥430M |
| Jun Yue Investment Co | CVC | Domestic | 1 | ¥600M |
| KeePer Giken | CVC | Domestic | 1 | — (+1 undisclosed) |
| Keio Innovation Initiative | University-affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Keio University | University-affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Keito Noguchi | Angel/individual | Domestic | 1 | ¥8B |
| Ken Sugiyama | Angel/individual | Domestic | 1 | ¥250M |
| Kenta Takahashi | Angel/individual | Domestic | 1 | ¥90M |
| Kepple Group | CVC | Domestic | 1 | ¥3.23B |
| Kiraboshi Capital | Bank/financial-group affiliated VC | Domestic | 1 | ¥862M |
| KKT | CVC | Domestic | 1 | ¥3.23B |
| Koshidaka Holdings | CVC | Domestic | 1 | ¥250M |
| KURONEKO Innovation Fund | Independent VC | Domestic | 1 | ¥1.37B |
| KURONEKO Innovation Fund No. 2 | Independent VC | Domestic | 1 | ¥500M |
| Lifetime Ventures also | Bank/financial-group affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Link Capital | Independent VC | Domestic | 1 | ¥65M |
| Lo Enterprises LLC | Other | Domestic | 1 | ¥3B |
| Lotte Holdings’ healthcare | CVC | Domestic | 1 | — (+1 undisclosed) |
| Management | Angel/individual | Domestic | 1 | ¥1.01B |
| Masaya Kubota | Angel/individual | Domestic | 1 | ¥90M |
| MatsukiyoCocokara & Company | CVC | Domestic | 1 | ¥3.5B |
| Medipal Holdings | CVC | Domestic | 1 | ¥3.5B |
| Medium Business Investment & Consultation | CVC | Domestic | 1 | ¥550M |
| Meiji Yasuda Future Creation Investment Business Limited Partnership | Independent VC | Domestic | 1 | ¥1.78B |
| Meinan Consulting Network | CVC | Domestic | 1 | ¥410M |
| Meister Engineering | CVC | Domestic | 1 | ¥1.3B |
| Mercuria Investment | Independent VC | Domestic | 1 | ¥387M |
| Mercuria Supply Chain Fund | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| MetaProp | Independent VC | Foreign · United States | 1 | — (+1 undisclosed) |
| Minato Capital (Minato Growth Enterprise Mirai Fund No | Independent VC | Domestic | 1 | ¥30M |
| Minato Financial Partners | Bank/financial-group affiliated VC | Domestic | 1 | ¥3B |
| Mirai Creation Investments | Independent VC | Domestic | 1 | ¥1.25B |
| Miraidoor | CVC | Domestic | 1 | ¥1B |
| Mirait One | CVC | Domestic | 1 | ¥1.1B |
| MIRAITRONC | Other | Domestic | 1 | ¥800M |
| Mitsuaki Matsumoto | Angel/individual | Domestic | 1 | ¥330M |
| Mitsubishi Gas Chemical | CVC | Domestic | 1 | ¥250M |
| Mitsubishi Heavy Industries | CVC | Domestic | 1 | ¥1.5B |
| Mitsubishi UFJ Trust and Banking | Bank/financial-group affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Mitsui Chemicals CVC Fund | CVC | Domestic | 1 | ¥862M |
| Mitsui Fudosan & Innovation Fund | CVC | Domestic | 1 | ¥1.37B |
| MIXI | CVC | Domestic | 1 | — (+1 undisclosed) |
| Miyagin Venture Capital | Bank/financial-group affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Mizuho Bank | CVC | Domestic | 1 | ¥350M |
| MLC Ventures | Independent VC | Domestic | 1 | ¥600M |
| MonotaRO | CVC | Domestic | 1 | ¥2B |
| Moore Strategic Ventures | Independent VC | Domestic | 1 | ¥17.7B |
| MTG Ventures | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| MTI | CVC | Domestic | 1 | ¥281.6M |
| Nagase Industry CVC | CVC | Domestic | 1 | ¥230M |
| Nagoya Capital Partners | Independent VC | Domestic | 1 | ¥550M |
| Nagoya TV Ventures | CVC | Domestic | 1 | — (+1 undisclosed) |
| Nanto Capital Partners | Bank/financial-group affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| NEDO | Government/public fund | Domestic | 1 | — (+1 undisclosed) |
| Nippon Yusen | CVC | Domestic | 1 | ¥2B |
| Nobuhiro Ariyasu | Angel/individual | Domestic | 1 | ¥90M |
| Norinchukin Capital | CVC | Domestic | 1 | ¥450M |
| NOW | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| NTT Docomo | CVC | Domestic | 1 | ¥3.5B |
| NTT DOCOMO Ventures (DOCOMO Innovation Fund No | Independent VC | Domestic | 1 | ¥1.1B |
| NTT West | CVC | Domestic | 1 | — (+1 undisclosed) |
| Okinawa Electric Power | CVC | Domestic | 1 | — (+1 undisclosed) |
| Okinawa Television Broadcasting | CVC | Domestic | 1 | — (+1 undisclosed) |
| Open Up Group | CVC | Domestic | 1 | ¥5.45B |
| Oriental Land Innovations | Independent VC | Domestic | 1 | ¥410M |
| ORIX Capital | Independent VC | Domestic | 1 | ¥1.23B |
| Pacific Metals | CVC | Domestic | 1 | — (+1 undisclosed) |
| Panasonic Kurashi Visionary Fund | CVC | Domestic | 1 | ¥1.38B |
| Pangaea Ventures | Independent VC | Domestic | 1 | ¥1B |
| Payward | CVC | Foreign · United States | 1 | ¥21.8B |
| PE&HR | Other | Domestic | 1 | ¥230M |
| Peak XV | Independent VC | Foreign · India | 1 | ¥21.8B |
| Pegasus Tech Ventures | CVC | Domestic | 1 | ¥1.3B |
| Persol Venture Partners | Independent VC | Domestic | 1 | ¥2.4B |
| Pias | CVC | Domestic | 1 | — (+1 undisclosed) |
| PixAI | Other | Domestic | 1 | ¥100M |
| PKSHA Algorithm Fund | Independent VC | Domestic | 1 | ¥95M |
| POLA ORBIS CAPITAL | CVC | Domestic | 1 | ¥410M |
| POLA ORBIS HOLDINGS | CVC | Domestic | 1 | ¥700M |
| Prime Partners/Tokai Tokyo Securities | Bank/financial-group affiliated VC | Domestic | 1 | ¥550M |
| Pronexus | CVC | Domestic | 1 | ¥700M |
| R6B | Other | Domestic | 1 | — (+1 undisclosed) |
| ReGACY Innovation Group | CVC | Domestic | 1 | — (+1 undisclosed) |
| Regional Healthcare Industry Activation Platform | Government/public fund | Domestic | 1 | ¥1.22B |
| Remiges Ventures | Independent VC | Domestic | 1 | ¥1.3B |
| Rheos Capital Partners | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Rice Capital | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Ricoh Japan | CVC | Domestic | 1 | ¥3.5B |
| Ritsumeikan Social Impact Fund | Independent VC | Domestic | 1 | ¥230M |
| Roy Wan | Angel/individual | Domestic | 1 | ¥600M |
| Ryo Ogawa | Angel/individual | Domestic | 1 | ¥180M |
| S-Innovation | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Saison Ventures | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Sala Corporation | CVC | Domestic | 1 | ¥1.3B |
| Sankyu-SBI Innovation Fund | Independent VC | Domestic | 1 | ¥2.4B |
| Sankyu-SBI Investment (Sankyu-SBI Innovation Fund No | Independent VC | Domestic | 1 | ¥970M |
| Sanyo Bussan | CVC | Domestic | 1 | — (+1 undisclosed) |
| SBI Shinsei Corporate Investment | Independent VC | Domestic | 1 | ¥80M |
| SCREEN Holdings joining | CVC | Domestic | 1 | ¥1.23B |
| Scrum Ventures | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Sekisui House Investment Business Limited Partnership | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| SEVENRICH GROUP | CVC | Domestic | 1 | — (+1 undisclosed) |
| SGgrow | Other | Foreign · Singapore | 1 | — (+1 undisclosed) |
| Shimadzu Corporation | CVC | Domestic | 1 | — (+1 undisclosed) |
| Shimizu Corporation | CVC | Domestic | 1 | ¥800M |
| Shin Nippon Biomedical Laboratories | CVC | Domestic | 1 | — (+1 undisclosed) |
| Shin-Infrastructure Fund by TOHO GAS | CVC | Domestic | 1 | — (+1 undisclosed) |
| Shinnosuke Honjo | Angel/individual | Domestic | 1 | ¥3B |
| Shizuoka Shimbun | CVC | Domestic | 1 | ¥2B |
| Shota Iwasaki | Angel/individual | Domestic | 1 | ¥90M |
| Simba Holdings | CVC | Domestic | 1 | — (+1 undisclosed) |
| Simplex Capital | Independent VC | Domestic | 1 | ¥1.1B |
| Sinarmas Spiral Japan Theme Fund | Independent VC | Domestic | 1 | ¥500M |
| SK Electronics | CVC | Domestic | 1 | — (+1 undisclosed) |
| SMBC Edge | CVC | Domestic | 1 | ¥3B |
| SMBC Nikko Securities | CVC | Domestic | 1 | ¥3.17B |
| SoldOut | CVC | Domestic | 1 | ¥200M |
| Sony during the seed round | CVC | Domestic | 1 | — (+1 undisclosed) |
| Sony Group | CVC | Domestic | 1 | — (+1 undisclosed) |
| Sony Innovation Fund | CVC | Domestic | 1 | ¥8B |
| Sotarou Karasawa | Angel/individual | Domestic | 1 | ¥90M |
| Sparkfood | CVC | Domestic | 1 | — (+1 undisclosed) |
| Sparkle | CVC | Domestic | 1 | — (+1 undisclosed) |
| Sparks Asset Management (Space Frontier No | CVC | Domestic | 1 | ¥6.4B |
| Spica Consulting | CVC | Domestic | 1 | ¥200M |
| SSS Capital | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| SUMISEI INNOVATION FUND | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| Sumisho Venture Partners | Independent VC | Domestic | 1 | ¥300M |
| Sumitomo Corporation | CVC | Domestic | 1 | ¥500M |
| Sumitomo Mitsui Financial Group | CVC | Domestic | 1 | — (+1 undisclosed) |
| Susumu Omori | Angel/individual | Domestic | 1 | ¥3B |
| Suzuki | CVC | Domestic | 1 | ¥387M |
| Suzuyo Shoji | CVC | Domestic | 1 | ¥120M |
| Taiko Holdings | CVC | Domestic | 1 | ¥430M |
| Takenaka Corporation | CVC | Domestic | 1 | ¥800M |
| Takuma Kuroda | Angel/individual | Domestic | 1 | ¥370M |
| Takunan Headquarters | CVC | Domestic | 1 | — (+1 undisclosed) |
| Tannan Construction | CVC | Domestic | 1 | ¥200M |
| Tatsurou Shimada | Angel/individual | Domestic | 1 | ¥90M |
| TBS Innovation Partners | Independent VC | Domestic | 1 | ¥300M |
| Technology Graduate University | University-affiliated VC | Domestic | 1 | ¥1.53B |
| The Ascent Group | CVC | Domestic | 1 | ¥1B |
| Theta Times Ventures | Independent VC | Domestic | 1 | — (+1 undisclosed) |
| TIS | CVC | Domestic | 1 | — (+1 undisclosed) |
| TMH | Other | Domestic | 1 | ¥50M |
| Toho Holdings | CVC | Domestic | 1 | ¥1.22B |
| Tohoku University Venture Partners | University-affiliated VC | Domestic | 1 | — (+1 undisclosed) |
| Tokio Marine & Nichido Fire | CVC | Domestic | 1 | ¥700M |
| Tokio Marine & Nichido Fire Insurance | CVC | Domestic | 1 | — (+1 undisclosed) |
| Tokushukai | CVC | Domestic | 1 | ¥1.01B |
| Tokyo Gas | CVC | Domestic | 1 | ¥3.23B |
| Tokyu Construction CVC Fund | Independent VC | Domestic | 1 | ¥862M |
| Tomoyoshi Nishiyama | Angel/individual | Domestic | 1 | ¥180M |
| Tomoyuki Isaka | Angel/individual | Domestic | 1 | ¥250M |
| Toshiba Digital Solutions | CVC | Domestic | 1 | — (+1 undisclosed) |
| Tottori Capital | Independent VC | Domestic | 1 | ¥570M |
| Twin Planet | CVC | Domestic | 1 | ¥500M |
| Urata | CVC | Domestic | 1 | ¥3.23B |
| Value Chain Innovation Fund | Independent VC | Domestic | 1 | ¥1.5B |
| Vertex Growth | Independent VC | Domestic | 1 | ¥3.17B |
| Vertex Ventures Japan | Independent VC | Domestic | 1 | ¥730M |
| W fund | Independent VC | Domestic | 1 | ¥300M |
| W TOKYO | CVC | Domestic | 1 | ¥500M |
| West Holdings | CVC | Domestic | 1 | ¥3.34B |
| XTech Ventures | Independent VC | Domestic | 1 | ¥3.2B |
| Y&N Brothers | Other | Domestic | 1 | ¥500M |
| Yamanashi Chugin Management Consulting | CVC | Domestic | 1 | — (+1 undisclosed) |
| Yanmar Ventures | Independent VC | Domestic | 1 | ¥1.53B |
| YMFG Capital | Independent VC | Domestic | 1 | ¥1.5B |
| Yoichi Wada | Angel/individual | Domestic | 1 | ¥250M |
| Yoshitaka Nakamura | Angel/individual | Domestic | 1 | — (+1 undisclosed) |
| Yucho Spiral Regional Innovation Fund | Independent VC | Domestic | 1 | ¥3B |
| Yugo Nakajima | Angel/individual | Domestic | 1 | — (+1 undisclosed) |
| Yukito Ooshima | Angel/individual | Domestic | 1 | ¥90M |
| Yuli Group | CVC | Domestic | 1 | ¥60M |
| Zenkoku Hosho Innovation Fund | Independent VC | Domestic | 1 | ¥3B |
| Zenrin Future Partners | Independent VC | Domestic | 1 | ¥430M |