# Top 50 Impact VC (Venture Capital) Funds in Japan in October 2023

## Energy & Environment Investment
- Type: VC Fund
- Location: Higashi-shinagawa, Tokyo, Japan
- Relevant deals: 4
- 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.

## Real Tech Japan
- Type: VC Fund
- Location: Sumida, Tokyo, Japan
- Relevant deals: 4
- 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.

## 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.

## Spiral Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Information Technology, Internet, Software

Spiral Capital is a venture capital fund.

## SBI Investment
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 3
- 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.

## Lifetime Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Health Care, Marketing

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

## Global Brain Corporation
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: Information Technology, Software, Artificial Intelligence

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.

## ANOBAKA
- Type: VC Fund
- Location: Shibuya, Kanagawa, Japan
- Relevant deals: 3
- 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.

## DBJ Capital
- Type: VC Fund
- Location: Otemachi, Tokyo, Japan
- Relevant deals: 2
- 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.

## FreakOut Holdings
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Series B, Series C
- Focus: SNS, Content, Finance

We are spread out into global with our mission "Give people work that requires a person" through our freak'in technology.

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

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. This segment supplies various business form services, including direct mail, integrated slips, data print services, cards, envelopes, catalogs, and sales and maintenance of equipment. The Living Environment segment offers a range of packaging services, such as packaging planning, development, and production; development and production of packaging materials; design and production of packaging related system equipment; filling services; and packaging consulting. It also provides decorative paper/film, wallpaper, flooring materials, interior materials, and exterior materials. The Electronics segment offers display products that include color filters for LCDs, shadowmasks, screens for micro-display rear projection TVs, and functional films; and semiconductor products comprising photomasks, leadframes, printed wiring boards, substrates for semiconductor packages, design of printed wiring boards, LSI circuits, printed wiring, and performance assessment software. The company has a strategic alliance with AU Optronics Corp. Toppan Printing was founded in 1900 and is headquartered in Tokyo, Japan.

## OPT Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Content, Task Management

OPT Ventures is an investment and incubation firm that offers startups with venture capital, investments, IPO advice, management information services, and more. The company was established on February 27, 2015, and operates as an investment subsidiary of Opt Holding Corporation, an e-marketing company based in Tokyo, Japan.

## Future Venture Capital
- Type: VC Fund
- Location: Kyoto, Kyoto, Japan
- Relevant deals: 2
- 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.

## East Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- 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.

## Yosemite
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed
- Focus: Legal, Water, AgTech

Yosemite is an investment management company.

## SMBC Venture Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- 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.

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

Mistletoe is a hub for startups and the overall entrepreneurial ecosystem. It specifically provides learning opportunities for entrepreneurs, facilitates startup communities, invests in and supports startup companies and venture capitals.

## PE&HR
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Education, E-Learning

PE&HR is a private equity and venture capital firm that seeks to invest in incubation, start-up, and early-stage companies. PE&HR primarily invests in the human resources, internet, healthcare, IT, mobile, and social commerce-related industries.

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

Next One for the World.

## ANRI
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- 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.

## MIRAISE
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Apps, Health Care, Software

We are engineers investing in engineers. With experienced mentors, MIRAISE supports you hands-if basis, for business model, financial planning and presentation. All founders of our potfolio automatically join MIRAISE online community that gives you the peer-learning opportunities with other founders. Join us updating the normal!

## MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- 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.

## Quantum Leaps Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed

Quantum Leaps Ventures establish and invest in internet and technology companies.

## MTG Ventures
- Type: VC Fund
- Location: Nagoya, Aichi, Japan
- Relevant deals: 2
- 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.

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

iSGS Investment Works is Japan-based venture capital firm.

## Mizuho Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- 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.

## Guangdong Aiko Solar Energy Technology
- Type: VC Fund
- Location: Foshan, Guangdong, China
- Relevant deals: 1
- Stages: Series A
- Focus: Solar, Energy, Renewable Energy

Aikosolar engages in the research, manufacturing, and sales of crystalline silicon solar cells. Aiko solar specializes in producing high-quality and high-efficiency solar cells and has been awarded ISO9001: 2008 certification of the quality management system. Aiko solar receives a reputation in the PV industry, for stable performance, highconversion efficiency, low breakage rate, and light-induced degradation.Aiko solar has a professional R&D team, which is comprised of key personnel with master's degrees or above, and experienced in production and equipment. Relying on independent creation and innovation, Aiko solar gradually masters the world-leading core technology in the PV industry and has obtained lots of national patents.Guangdong Aiko Solar Energy Technology Co., Ltd. is located at No. 69 Area C Sanshui Industrial Park, Foshan City Guangdong Province. With total investment of over RMB1.8 billion, Aiko solar is dedicated to the research, manufacturing, and sales of crystalline silicon solar cells. With an annual capacity of 600MW Aiko solar becomes the leading silicon cell manufacturer in Guangdong province and among the first three professional manufacturers in China.

## Guangdong Technology Financial Group
- Type: VC Fund
- Location: Guangzhou, Guangdong, China
- Relevant deals: 1
- Stages: Angel, Series A, Series B
- Focus: Manufacturing, Information Technology, Software

Guangdong Province, Guangdong Branch Financial Group Limited (Guangdong Branch of finance) is a wholly state-owned enterprises in Guangdong Provincial People's Government authorized to operate, formerly established in 2000 in Guangdong Province, Guangdong Technology Venture Capital Group Co., Ltd. September 2011, the provincial governmentauthorized the provincial Science and Technology Department of Guangdong Branch of financial perform the function. In June 2013, the provincial government decided to "Guangdong Province, the Guangdong Branch of Venture Capital Group Co., Ltd." was renamed "Guangdong Province, Guangdong Branch Financial Group Limited."Guangdong Branch of micro finance to address high-tech small and medium enterprise financing difficult for the mission to "create 100 billion Technology Financial Group" as the goal, to play an active policy of Technology Financial Group's strategic platform, fundamental role, build a "3 + 1 "business system (ie equity investment, science and technology financial services, science and technology parks and company financial industry platform listed), and strive to build in Guangdong Province to promote science and technology, finance, industry, the depth of integration of the main channel, the main platform and the main force, around the high-tech small and medium micro enterprises financing needs, to carry out systematic investment, Tam, loan, lease and other business, science and technology to create a versatile type of financial service network to form an overall competitive advantage.

## elDesign
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed
- Focus: Energy, CleanTech, Wholesale

elDesign is a consulting company that also operates a regional revitalization business.

## TD Investment
- Type: VC Fund
- Location: Tarumi, Hyogo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Parking, Automotive

TD Investment is a venture capital arm of TORIDOLL Holdings.

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

D2 Garage is an Internet company.

## Culture Convenience Club (CCC)
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Beauty, Retail, Blockchain

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

## CCBT Private Equity
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A
- Focus: Solar, Energy, Renewable Energy

CCBT Private Equity is a corporate venture capital firm of CCB Trust.

## EPCO
- Type: VC Fund
- Location: Sumida, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed
- Focus: Energy, Smart Home, Renewable Energy

EPCO is an architectural design company that supports the homes and livelihoods of people around the world.

## Midea Capital
- Type: VC Fund
- Location: Guangdong, Jilin, China
- Relevant deals: 1
- Stages: Series A
- Focus: Solar, Energy, Renewable Energy

Midea Capital is a market-oriented private equity investment institution focusing on industrial investment.

## Chushin Venture Capital
- Type: VC Fund
- Location: Kyoto, Kyoto, Japan
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Retail, Travel, Home Decor

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

## Beenos Partners
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Internet, Mobile

Beenos is a platform for startups. Our in-house team of entrepreneurs-in-residence and specialists help you get your ideas off the ground. We’re (the) experts in engineering, design, data science, and business management. We know how to launch a company in this ever changing IT industry, and we’d like to help establish and expand your present andfuture business.The company was founded in 1999 as NetPrice.com, a provider of eCommerce services. NetPrice.com established Beenos as an incubation program before 

## China Science and Technology Innovation
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed

China Science and Technology Innovation operates as an investment firm.

## Septeni
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: SNS, Content, Fashion

Septeni is developing various one-stop services to solve customers' marketing issues focusing on the Internet advertising agency business that has a proven track record in Japan.

## ProCapital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Energy, Fuel, Solar

ProCapital is a specialized investment company with deep policy and global macroeconomic insight.

## Gogin Capital
- Type: VC Fund
- Location: Matsue-shi, Shimane, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Pharmaceutical, Medical, Legal

Gogin Capital provides financial services and invests in insurance companies.

## GMO Pepabo
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed
- Focus: SNS, E-Commerce, Web Development

GMO Pepabo, Inc. established in 2003 as a web hosting service company. Since its foundation the company has focused on consumer-targeted Internet services, and today it comprises four business segments: Hosting which operates consumer domain registration and web hosting services, Ecommerce Support which provides ecommerce platform solutions,Customer to customer (C2C) marketplace for handmade products, and Community that facilitates communication among Internet users through blogging and media portal services.

## Shenzhen Investment Holdings
- Type: VC Fund
- Location: Futian, Guangdong, China
- Relevant deals: 1
- Stages: Angel, Series C
- Focus: Manufacturing, Electronics, Catering

Shenzhen Investment Holdings is a state-owned capital investment company.

## Sumitomo Corporation
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series B, Corporate Round
- Focus: Software, Information Technology, Internet

Sumitomo Corporation is a business services company that works with import, export, trilateral trade, and business investment in Japan.With its global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated CorporateStrength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment.It was founded in 1919 and is based in Tokyo, Japan.

## Money Forward
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Financial Services, FinTech

Money Forward provides online personal accounting for individuals, allowing them to easily manage their daily expenses by integrating with their bank passbooks and credit purchase history with information scraped from their web bank and credit accounts. The service is also available for desktop, as well as iOS and Android platforms. The companyalso announced that it will launch a cloud-based accounting service for individual and corporate users, and it will also start publishing an online newsletter.

## Universal Materials Incubator
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Manufacturing, Biotechnology, Medical

Universal Materials Incubator Co., Ltd. is venture capital firm specializing in materials and chemical industry investments. The firm was established on October, 2015 and is headquartered in Tokyo, Japan

## IDG Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Internet, E-Commerce

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

## Murata Office
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Water, Public Safety

Murata Office's businesses are technology development, project management, business model construction and open innovation.

## Huimei Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Biotechnology, Health Care, Medical

Huimei Capital primarily seeks investment in the medical and healthcare ecosystem in a multi-dimensional and three-dimensional manner. It is committed to building a professional investment platform with international vision and local execution, helping early and growing medical and health companies to grow rapidly.

## Mizuho Bank
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Information Technology, Internet, Financial Services

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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