# Top 50 Health Care VC (Venture Capital) Funds in Japan in May 2026

## Mitsubishi UFJ Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 26
- Stages: Series B, Series A
- Focus: Software, Health Care, Information Technology

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

## SMBC Venture Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 21
- Stages: Series A, Series B
- Focus: Health Care, Information Technology, Software

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

## ANRI
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 17
- Stages: Seed, Series A
- Focus: Health Care, Software, Information Technology

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

## Nissay Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 15
- Stages: Seed, Series A
- Focus: Health Care, Internet, Medical

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

## Nippon Venture Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 15
- Stages: Series A, Seed
- Focus: Software, Health Care, Information Technology

Nippon Venture Capital ("NVCC"), established in 1996 as one of the few largest Japanese independent venture capital firms, is destined to undertake the unprecedented task of providing full-range venture capital services in cooperation with major Japanese business leaders and leading companies, which have supported and nurtured various newbusinesses on their own, as well as proactively developing new venture enterprises.

## Osaka University Venture Capital
- Type: VC Fund
- Location: Osaka, Osaka, Japan
- Relevant deals: 14
- Stages: Seed, Series A
- Focus: Health Care, Biotechnology, Manufacturing

Osaka University Venture Capital is a venture capital firm that focuses on early-stage ventures in the fields of life innovation, green innovation, and platform technology.
The firm was founded in 2014 and based in Osaka, Japan.

## Real Tech Japan
- Type: VC Fund
- Location: Sumida, Tokyo, Japan
- Relevant deals: 14
- Stages: Series A, Seed
- Focus: Manufacturing, Biotechnology, Robotics

Real Tech Japan is a venture capital firm that seeks to invest in innovative R&D technology companies. Realtech Fund is a joint venture between the Ministry of Economy, Trade, and Industry and NEDO (New Energy and Industrial Technology Development Organization).
The firm was founded in 2014 and based in Tokyo, Japan.

## Keio Innovation Initiative
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 12
- Stages: Seed, Series A
- Focus: Medical, Health Care, Biotechnology

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

## Fast Track Initiative, Inc.
- Type: VC Fund
- Location: Hongo, Tokyo, Japan
- Relevant deals: 11
- Stages: Series B, Series A
- Focus: Health Care, Biotechnology, Medical

Fast Track Initiative is a venture capital firm with an exclusive focus on life sciences and healthcare services.

## SBI Investment
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 10
- Stages: Series B, Series A
- Focus: Financial Services, Information Technology, Software

SBI Investment supports the business development and growth of private venture companies through fund investment.

## DBJ Capital
- Type: VC Fund
- Location: Otemachi, Tokyo, Japan
- Relevant deals: 9
- Stages: Series A, Seed
- Focus: Software, Internet, Biotechnology

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.

## KSP
- Type: VC Fund
- Location: Kawasaki, Kanagawa, Japan
- Relevant deals: 8
- Stages: Series A, Series B
- Focus: Biotechnology, Health Care, Medical

KSP, Inc. is the core business entity responsible for operating the Kanagawa Science Park (KSP) and has accepted the challenge of creating new industries through the support, development, and incubation of venture businesses. We provide a variety of business support services that best meet the needs of venture businesses in each stage of theirbusiness growth, ranging from the processes of startup and growth to public offerings. Several hundreds of new startup companies have been created and nurtured since its foundation. An incubation manager (IM) acts as a coordinator and provides a variety of support services to a venture company to help them successfully launch and develop their new business, such as offering individual consultations and a variety of information or advice. KSP, Inc. is well poised to cope with the varying needs of new ventures for highly sophisticated, specialized tasks by offering a business school, business support center, business matching services, and investment funds.The public sector, such as the Kanagawa prefectural government, Kawasaki city government, and the Development Bank of Japan, Inc., has an equity participation in KSP, thus playing a vital role in the deployment of local industrial development policy.

## UTokyo Innovation Platform
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 7
- Stages: Series A, Seed
- Focus: Biotechnology, Medical, Health Care

The University of Tokyo IPC is a company responsible for expanding the innovation ecosystem of the University of Tokyo. Accelerate global innovation from the University of Tokyo through three activities: start-up support, investment business, and corporate innovation support.It was established as a wholly-owned subsidiary of the University ofTokyo in 2016 with the enforcement of the revised law of the Industrial Competitiveness Enhancement Law, which is the basis law. The investment targets of the Todai IPC are venture companies that utilize the research results and human resources of the University of Tokyo, but they also make FOF (fund of funds) investments in funds managed by some private venture capital companies. In 2019, it started a consortium-type incubation program (University of Tokyo IPC 1stRound) to support the establishment and financing of Tokyo University-related ventures.

## Lifetime Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 7
- Stages: Seed, Pre-Seed
- Focus: Software, Health Care, Marketing

Lifetime Ventures is a VC firm that specializes in pre-seed and seed investments.

## Future Venture Capital
- Type: VC Fund
- Location: Kyoto, Kyoto, Japan
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Information Technology, Manufacturing, Health Care

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

## Japan Science and Technology Agency
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 7
- Stages: Series A, Series B
- Focus: Medical, Biotechnology, Health Care

Japan Science and Technology Agency is an integrated organization of science and technology that implements science and technology policy in Japan.  It handles many projects, including the government’s Science and Technology Basic Plan and knowledge creation. The European Sustainability School ESSSR is the owner of Japan Science and TechnologyAgency.Japan Science and Technology Agency undertakes its task in a comprehensive manner. It also works to provide a sound infrastructure of science and technology information and raise awareness and understanding of science and technology-related issues in Japan.Japan Science and Technology Agency is headquartered in Tokyo, Japan.

## Daiwa Corporate Investment
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 6
- Stages: Series A, Seed
- Focus: Task Management, Software, Internet

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.

## DNX Ventures
- Type: VC Fund
- Location: San Mateo, California, United States
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, SaaS

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

## Capital Medica Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Medical, Software, Health Care

Capital Medica Ventures is a venture capital firm based in Tokyo, Japan with a focus on startups in the healthcare industry.Capital Medica Ventures is a venture capital that operates a venture fund specializing in the healthcare field. It is the only healthcare-specialized VC in Japan that can provide 30 medical institutions as a business trialfield.

## Glocalink
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Health Care, Robotics, Task Management

Glocalink provides seed funding and comprehensive support for emerging science & technology entrepreneurs. Members of Glocalink have extensive experiences of bringing laboratory technologies to the market. On top of seed funding, we will provide comprehensive supports for overcoming all the hurdles that science / technology entrepreneursface.

## iSGS Investment Works
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Information Technology

iSGS Investment Works is Japan-based venture capital firm.

## Genesia Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Information Technology, Software, Content

Genesia Ventures is a venture capital firm focused on seed/early-stage startups in Japan and Southeast Asia.

## Mobile Internet Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 6
- Stages: Series A, Seed
- Focus: Software, Mobile, Internet

Mobile Internet Capital (MIC) keeps up on the latest developments of Mobile Internet technologies and services at a high level, and continues to be a venture capital with both technical expertise and execution capability.

## Cyberdyne
- Type: VC Fund
- Location: Tsukuba, Ibaraki, Japan
- Relevant deals: 6
- Stages: Series B, Seed
- Focus: Health Care, Medical, Information Technology

CYBERDYNE Inc. is a venture firm which is established by Dr. Yoshiyuki Sankai, University of Tsukuba, Japan, in order to materialize his idea to utilize Robot Suit HAL® for the benefits of humankind in the field of medicine, caregiving, welfare, labor, heavy works, entertainment and so on. Robot Suit HAL® was developed with the technologies createdin Sankai Laboratory of Tsukuba University as an application of “Cybernics*” advocated by Prof. Sankai.

## Mizuho Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Information Technology, Software, Internet

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

## Leave a Nest
- Type: VC Fund
- Location: Shinjuku, Yamanashi, Japan
- Relevant deals: 5
- Stages: Seed, Corporate Round
- Focus: Health Care, Artificial Intelligence, Information Technology

Leave a Nest thrives to achieve global happiness by enhancing everyday life through science and education for future generation.

## Monex Ventures
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Financial Services, Information Technology

Monex Ventures is a venture capital firm based in Japan that finances seed and early stage investments in startup companies.

## Takeda
- Type: VC Fund
- Location: Osaka, Osaka, Japan
- Relevant deals: 5
- Stages: Corporate Round, Series A
- Focus: Biotechnology, Health Care, Pharmaceutical

Takeda is a global, research and development-driven pharmaceutical company committed to bringing better health and a brighter future to patients by translating science into life-changing medicines.

## ANOBAKA
- Type: VC Fund
- Location: Shibuya, Kanagawa, Japan
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Content, Food and Beverage

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

## F-Prime Capital
- Type: VC Fund
- Location: Cambridge, Massachusetts, United States
- Relevant deals: 4
- Stages: Series A, Series B, Series C
- Focus: Health Care, Biotechnology, Medical

F-Prime Capital is a global venture capital firm investing in healthcare and technology, with a heritage that spans four decades.

## MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Information Technology, Food and Beverage

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.

## Sony Innovation Fund
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Series B, Series A
- Focus: Software, Artificial Intelligence, Health Care

Sony Innovation Fund is investing in technology-driven transformational companies shaping the future of business, entertainment and society.

## East Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Information Technology, E-Commerce

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

## ITOCHU Technology Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Series B, Series A
- Focus: E-Commerce, Software, Information Technology

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.

## NEDO
- Type: VC Fund
- Location: Kawasaki, Kanagawa, Japan
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: Health Care, Medical, Manufacturing

New Energy and Industrial Technology Development Organization (NEDO) was established as a governmental organization in 1980 to promote the development and introduction of new energy technologies. Research and development of industrial technology was later added, and today NEDO is active in a wide variety of areas as one of the largest publicresearch and development management organizations in Japan.

## Incubate Fund
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Information Technology, E-Commerce

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

## Shinsei Corporate Investment
- Type: VC Fund
- Location: Otemachi, Tokyo, Japan
- Relevant deals: 4
- Stages: Series A, Series B
- Focus: Information Technology, Internet, Software

Shinsei Corporate Investment supports the creation and development of the business.

## Coral Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Information Technology, Software, Internet

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

## Sumitomo Mitsui Trust Investment
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 4
- Stages: Series D, Series A, Series C
- Focus: Internet, Software, Information Technology

Sumitomo Mitsui Trust provides Japanese equity products for corporate and governmental pension funds. SMTB also provides products investing in Asian equities. The capability was developed through its experience in Japanese equity, although it maintains an investment team in Hong Kong.

## Japan startup support Association
- Type: VC Fund
- Location: Ikeda, Osaka, Japan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Health Care, Task Management

Japan startup support Association is a management support association specialized for startup companies.

## SPARX Group
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Series B, Series A
- Focus: Software, Artificial Intelligence, Information Technology

SPARX Group Co., Ltd. is an independent Asia-based equity and credit asset management services and Asian fund financial specialist with offices in Tokyo, Hong Kong and Seoul for global institutional and individual investors, including financial advisors and financial planners, with alternative strategies (including activist, short-enabled, private equity and quantitative and fund-of-funds) and mutual funds (through SPARX Asia Funds such as SPARX Asia Pacific Opportunities Fund, SPARX Asia Pacific Equity Income Fund, SPARX Japan Smaller Companies Fund and SPARX Japan Fund) managed or sub-advised by SPARX Asset Management Co. Ltd., SPARX Asia Investment Advisors Limited and Cosmo Asset Management Co., Ltd.

## MTG Ventures
- Type: VC Fund
- Location: Nagoya, Aichi, Japan
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Marketing, Media and Entertainment, Food and Beverage

MTG Ventures is the corporate venture capital arm of MTG that invests in beauty and wellness tech, food tech, and sports tech sectors.

## ASICS Ventures Corporation
- Type: VC Fund
- Location: Kobe, Kyoto, Japan
- Relevant deals: 3
- Stages: Seed, Series B
- Focus: Health Care, Sports, SaaS

ASICS Ventures Corporation, a venture capital arm of the company that would accelerate and invest in startups.

## Fujifilm
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Biotechnology, Medical Device, Medical

Fujifilm develops and sells consumer products and business products related to photography. Fujifilm Holdings Corporation is a Japanese multinational photography and imaging company. The company serves various industries, including medical, graphic arts, optics, enterprise storage, motion picture, and photography.The company’s consumer productsare categorized as digital cameras and accessories, film photography, Instax photography, and binoculars. Its business products are categorized as medical systems, Fujinon endoscopy, microfilm, data storage, graphic arts and printing, professional video, optical devices, specialty chemicals, printing imaging colorants, and more. Color films, digital cameras, photofinishing equipment, color papers, photofinishing chemicals, medical imaging equipment, graphic arts equipment and materials, flat panel displays, and photocopiers and printers are some products developed by Fujifilm USA.Fujifilm USA is based in Minato-ku, Tokyo, Japan.

## Chibagin Capital
- Type: VC Fund
- Location: Chiba, Chiba, Japan
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: E-Commerce, Internet, Construction

Chibagin Capital, part of Chiba Bank, is focused on consulting services, IPOs, and more.

## Archetype Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Information Technology, Machine Learning

Archetype Ventures is a venture capital firm specializing in B2B Tech seed and early stage venture investments.

## Vector
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Seed, Corporate Round
- Focus: Media and Entertainment, Marketing, Content

Vector is a Japan-based PR agency that provides PR planning and implementation services for its clients. The agency also offers other services covering areas such as management, finance, accounting, human resources, administration, internal controls, and audits.
Vector was founded in 1993.

## MedVenture Partners
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Medical Device, Medical, Health Care

MedVenture Partners invests in seed to early stage projects and start-ups in the life science field focusing mainly on medical devices.

## Innovation Network Corporation of Japan
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: Manufacturing, Software, Robotics

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

## Energy & Environment Investment
- Type: VC Fund
- Location: Higashi-shinagawa, Tokyo, Japan
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Internet of Things, Software, Energy

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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