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Top 50 Medical Startup Investors in Japan (May 2026)

The most active venture capital funds and angel investors investing in Japan Medical startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Japan Medical startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Mitsubishi UFJ Capital
VC Fund
13 Japan, United States, China Series B, Series A Software, Health Care, Information Technology $11M–$330M
Keio Innovation Initiative
VC Fund
10 Japan Seed, Series A Medical, Health Care, Biotechnology $12M–$100M
SMBC Venture Capital
VC Fund
9 Japan, United States, Mexico Series A, Series B Health Care, Information Technology, Software $18M–$357M
Nissay Capital
VC Fund
7 Japan, United States Seed, Series A Health Care, Internet, Medical $925k–$69M
ANRI
VC Fund
7 Japan, United States, India Seed, Series A Health Care, Software, Information Technology $4.1M–$275M
SBI Investment
VC Fund
6 Japan, South Korea, United States Series B, Series A Financial Services, Information Technology, Software $5.9M–$302M
Japan Science and Technology Agency
VC Fund
5 Japan Series A, Series B Medical, Biotechnology, Health Care $4.1M–$275M
Fast Track Initiative, Inc.
VC Fund
5 Japan, United States, United Kingdom Series B, Series A Health Care, Biotechnology, Medical $9.8M–$536M
UTokyo Innovation Platform
VC Fund
5 Japan, United States, United Kingdom Series A, Seed Biotechnology, Medical, Health Care $7.9M–$275M
DBJ Capital
VC Fund
5 Japan, United States, Australia Series A, Seed Software, Internet, Biotechnology $1.5M–$151M
DNX Ventures
VC Fund
4 Japan, United States, Canada Seed, Series A, Series B Software, Information Technology, SaaS $4.3M–$330M
Mobile Internet Capital
VC Fund
4 Japan, United States, China Series A, Seed Software, Mobile, Internet $1.2M–$82M
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund
3 Japan, United States, India Seed, Series A Software, Information Technology, Food and Beverage $2M–$275M
Real Tech Japan
VC Fund
3 Japan, Singapore, Austria Series A, Seed Manufacturing, Biotechnology, Robotics $4.8M–$233M
Coral Capital
VC Fund
3 Japan, United States Seed, Series A Information Technology, Software, Internet $3M–$250M
Angel Bridge
VC Fund
3 Japan Seed, Series A Medical, Nursing and Residential Care, Consulting $9.9M–$110M
Genesia Ventures
VC Fund
3 Japan, Vietnam, Indonesia Seed, Series A Information Technology, Software, Content $1.5M–$55M
Takeda
VC Fund
3 United States, Japan, Canada Corporate Round, Series A Biotechnology, Health Care, Pharmaceutical $5M–$1.4B
IT-Farm
VC Fund
3 United States, Japan, Germany Seed, Series A Software, Health Care, Information Technology $1.8M–$9.6M
Nippon Venture Capital
VC Fund
3 Japan, United States Series A, Seed Software, Health Care, Information Technology $6.8M–$112M
KSP
VC Fund
3 Japan Series A, Series B Biotechnology, Health Care, Medical $18M–$102M
Capital Medica Ventures
VC Fund
3 Japan Seed, Series A Medical, Software, Health Care $14M–$48M
Sony
VC Fund
2 United States, Japan, Switzerland Series A, Series B Software, Video, Machine Learning $5.4M–$282M
Fujifilm
VC Fund
2 Japan, Israel, United States Series A, Series B Biotechnology, Medical Device, Medical $49M–$412M
Incubate Fund
VC Fund
2 Japan, United States, India Seed, Series A Software, Information Technology, E-Commerce $500k–$165M
JIC Venture Growth Investments
VC Fund
2 Japan, Singapore, Thailand Series B, Series C Software, Information Technology, Consulting $4.1M–$398M
Cyberdyne
VC Fund
2 Japan, United States Series B, Seed Health Care, Medical, Information Technology $1.4M–$206M
NEDO
VC Fund
2 Japan Seed, Series A, Series B Health Care, Medical, Manufacturing $14M–$124M
MedVenture Partners
VC Fund
2 Japan, United States Seed, Series A, Series B Medical Device, Medical, Health Care
Salesforce Ventures
VC Fund
2 United States, Japan, Canada Series B, Series A, Series C Software, SaaS, Information Technology $3.3M–$137M
Sony Innovation Fund
VC Fund
2 United States, Japan, United Kingdom Series B, Series A Software, Artificial Intelligence, Health Care $7.9M–$302M
Astellas Venture Management
VC Fund
2 United States, United Kingdom, Japan Series A, Series B Biotechnology, Health Care, Therapeutics $2.5M–$50M
ITOCHU Technology Ventures
VC Fund
2 Japan, United States, Belgium Series B, Series A E-Commerce, Software, Information Technology $4.2M–$206M
KISCO
VC Fund
2 Japan Seed, Series A Medical, Robotics, Health Care
ANOBAKA
VC Fund
2 Japan, United States, India Seed, Series A Software, Content, Food and Beverage $3.4M–$300M
Sumitomo Mitsui Trust Investment
VC Fund
2 Japan, Singapore Series D, Series A, Series C Internet, Software, Information Technology $12M–$1.2B
Energy & Environment Investment
VC Fund
2 Japan, United States, Germany Series A, Series B Internet of Things, Software, Energy $3.8M–$536M
Pegasus Tech Ventures
VC Fund
2 United States, Indonesia, Japan Seed, Series A Software, Artificial Intelligence, E-Commerce $250k–$27M
Chiba Dojo
VC Fund
2 Japan, Singapore, United States Seed, Series A E-Commerce, Information Technology, Financial Services $1.4M–$111M
STRIVE
VC Fund
2 Japan, India, Indonesia Seed, Series A Software, Internet, SaaS $737k–$151M
MAKOTO Capital
VC Fund
2 Japan Series A, Series B Medical, Manufacturing, Software
Ohara Pharmaceutical
VC Fund
2 Japan, Kenya, Nigeria Series A, Series B Medical, Biotechnology, Nursing and Residential Care $10M–$76M
Essential Pharma
VC Fund
2 Japan Series A Medical, Software, Life Science $37M–$76M
Media Future
VC Fund
2 Japan Series A Medical, Software, Life Science $37M–$76M
Chibagin Capital
VC Fund
2 Japan Series B, Series A E-Commerce, Internet, Construction $12M–$330M
Hirofumi Miki
Angel
2 Japan Seed, Angel, Pre-Seed Content, Marketing, Internet $3.7M–$32M
Scrum Ventures
VC Fund
2 United States, Japan, China Seed, Series A Software, Mobile, Information Technology $1M–$25M
Vector
VC Fund
2 Japan Seed, Corporate Round Media and Entertainment, Marketing, Content $2.1M–$41M
REVIC
VC Fund
2 Japan Seed, Series A Mobile, Internet, Health Care
Gogin Capital
VC Fund
2 Japan Series A, Seed Pharmaceutical, Medical, Legal $27M–$80M
Access all 425 investors in Japan Medical startups.

Access 48,091 investors

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

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Investor list

Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 13 investments in Japan Medical startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series B, Series A
  • Geography: Japan, United States, China

Investor stats

  • Total investments: 259
  • Round size: Series A $11M–$96M; Series B $12M–$330M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • LiLz — LiLz is an IT technology network for businesses looking to use AI and IoT to offer new services and value.
  • CADDi — CADDi is an online ordering platform for manufacturing industry.
  • EX-Fusion — EX-Fusion develops the first commercial laser based nuclear fusion reactor for power generation.
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Keio Innovation Initiative
VC Fund · Tokyo, Tokyo, Japan · 10 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 43
  • Round size: Seed $12M–$55M; Series A $49M–$100M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Heartseed — Heartseed has set a mission to “open the door to heart disease treatment with regenerative medicine” and is working toward the day-to-day clinical application of myocardial regenerative medicine.
  • Metagen Therapeutics — Metagen Therapeutics is a Drug discovery and medical business company which utilizes microbiome science.
  • Nanofiber Quantum Technologies — Powering a globally connected quantum future with pioneering nanofiber cavity QED.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 9 investments in Japan Medical startups, 6 in the past 12 months

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: Health Care, Information Technology, Software
  • Stage:Series A, Series B
  • Geography: Japan, United States, Mexico

Investor stats

  • Total investments: 309
  • Round size: Series A $18M–$165M; Series B $21M–$357M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Heartseed — Heartseed has set a mission to “open the door to heart disease treatment with regenerative medicine” and is working toward the day-to-day clinical application of myocardial regenerative medicine.
  • Luup — Luup is an Internet Company.
  • Kyoto Fusioneering — Kyoto Fusioneering is a research & development, design, and manufacture of parts related to fusion reactors.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Medical startups

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

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Investment focus

  • Industry: Health Care, Internet, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States

Investor stats

  • Total investments: 147
  • Round size: Seed $925k–$55M; Series A $14M–$69M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Todoker — Todoker is a baggage delivery convenient service providing company.
  • LUCA Science — LUCA Science develops innovative treatments intended for mitochondrial and related diseases.
  • Beer and Tech — Beer and Tech operates a website for the Phalaenopsis or foliage plant HitoHana. Norihisa Morita and Yoshiaki Ito founded it in 2014, with its headquarters in Saitama in Japan.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 7 investments in Japan Medical startups, 10 in the past 12 months

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

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 155
  • Round size: Seed $4.1M–$47M; Series A $12M–$275M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • EX-Fusion — EX-Fusion develops the first commercial laser based nuclear fusion reactor for power generation.
  • YourTrade — YourTrade helps cross-border e-commerce companies to resale rejected goods and backlogged inventory from overseas sales through local sales channels.It also provides services such as collection and inspection of returned items, as well as resale through local sales channels.
  • Carnot — LLM, Autonomous Agent
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SBI Investment
VC Fund · Minato, Chiba, Japan · 6 investments in Japan Medical startups, 13 in the past 12 months

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

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Investment focus

  • Industry: Financial Services, Information Technology, Software
  • Stage:Series B, Series A
  • Geography: Japan, South Korea, United States

Investor stats

  • Total investments: 232
  • Round size: Series A $6M–$179M; Series B $5.9M–$302M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2020

Portfolio highlights

  • Edgecortix — At Edgecortix, we automate the design of AI accelerators for on-device deep learning. Our Dynamic Neural Accelerator IP, and performance optimized AI Software & Hardware Co-exploration framework, reduces time to market and brings massive cost savings across multiple industry verticals.
  • Habito — We're the Treating Customers Fairly Champion of 2023 as voted for in the British Bank Awards. We're here to make mortgages easier - no paperwork, no stress and no fees.
  • Captain Fresh — Captain Fresh is a freshwater fish and seafood supply chain platform. Captain Fresh is a B2B marketplace leveraging technology to deliver the fastest harvest-to-retail in the industry. The company focuses on aggregating the fragmented retail demand across the country and linking them to the small fishermen and farmers throughout the Indian coast.The company was founded in 2019 and is based in Bengaluru, India.
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Japan Science and Technology Agency
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Medical, Biotechnology, Health Care
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 32
  • Round size: Series A $14M–$275M; Series B $4.1M–$12M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • QunaSys — Quantum physics is a relatively new field built since the beginning of the 20th century, but we have used MRI (nuclear magnetic resonance equipment) and lasers used for close examinations in hospitals, and semiconductors mounted on computers. Supports the technology that supports the daily life of people.QunaSys was established to bring out thequantum physics that has been active behind the scenes to the front stage, and to make use of quantum properties to realize technologies that could not be achieved with existing technologies.
  • bitBiome — BitBiome is a microbiome analysis company that aims to discover and understand disease-linked microorganisms. Its, single-cell whole-genome analysis platform specifically targets microbes and can be used on uncultured, raw samples, providing unprecedented strain-level quantitative and functional insights.THe company was founded in 2018 and isbased in Japan.
  • Sonire Therapeutics — Sonire Therapeutics provides High-Intensity Focused Ultrasound treatment for cancer.
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Fast Track Initiative, Inc.
VC Fund · Hongo, Tokyo, Japan · 5 investments in Japan Medical startups

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

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series B, Series A
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 40
  • Round size: Series A $9.8M–$137M; Series B $25M–$536M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • AIRNA — AIRNA is on a mission to transform the lives of patients with rare and common diseases by pioneering thediscovery and development of RNA editing therapeutics.
  • Storm Therapeutics — Targeting pathways that modify RNA to deliver novel cancer therapeutics.
  • Metagen Therapeutics — Metagen Therapeutics is a Drug discovery and medical business company which utilizes microbiome science.
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UTokyo Innovation Platform
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Series A, Seed
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 47
  • Round size: Seed $8.7M–$41M; Series A $7.9M–$275M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • BionicM — BionicM develops high-performance robot prostheses that enhance mobility for people with disabilities.BionicM has been conducting research on innovative technologies since 2015 at the University of Tokyo's Information Systems Engineering Laboratory (JSK) under the guidance of Professor Inaba and utilizing the world's most advancedrobotics research. In 2016, we were adopted by the Japan Science and Technology Agency as part of "Program for Creating STart-ups from Advanced Research and Technology" (START), and in 2018, the company was established as a joint-stock company.
  • Heartseed — Heartseed has set a mission to “open the door to heart disease treatment with regenerative medicine” and is working toward the day-to-day clinical application of myocardial regenerative medicine.
  • Logomix Inc. — Logomix Inc is a mammalian cellular genome architect startup. Logomix proprietary platform, Geno-Writing™, technology integrates large-scale (Mb) human genome-writing technologies and providing genetically architected versatile human cells and/or downsized cells and microbes for drug development and cell & gene therapy area.Majority ofthe cell engineering companies are currently focused on optimization of gene clusters by automatic high throughput system however, Logomix’s Geno-Writing™ provides the required tools for dealing with mammalian or complex genomes. Logomix works with partners by providing new biology-based solutions to co-create business and social values on Geno-Writing™ platform Current Focus Area includes: 1. Human Health & Therapeutics 2. Biomaterials & Chemicals 3. Agriculture & EnvironmentLogomix has 11 ongoing collaborative research partnerships. Currently Logomix is specifically looking for industry partners to address unmet needs in neurodegenerative disease areas.
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DBJ Capital
VC Fund · Otemachi, Tokyo, Japan · 5 investments in Japan Medical startups, 6 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, Internet, Biotechnology
  • Stage:Series A, Seed
  • Geography: Japan, United States, Australia

Investor stats

  • Total investments: 111
  • Round size: Seed $1.5M–$41M; Series A $16M–$151M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • LexxPluss — LexxPluss develops an automatic transfer software system and robot hardware.
  • Cellusion — Cellular technology breakthrough for clear vision of the future.
  • Kyoto Fusioneering — Kyoto Fusioneering is a research & development, design, and manufacture of parts related to fusion reactors.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
DNX Ventures
VC Fund · San Mateo, California, United States · 4 investments in Japan Medical startups, 12 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 204
  • Round size: Seed $4.3M–$22M; Series A $11M–$91M; Series B $4.9M–$330M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Cofactr — Whether managing shortages today or planning for next year, Cofactr is the place to get all the parts you need, when you need them.
  • Delos Insurance — An insurance company which uses advanced technology and artificial intelligence to protect California homeowners from wildfires.
  • Diligent Robotics — We build robots like Moxi that assist hospital staff with routine activities so they can focus on caring for patients.
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Mobile Internet Capital
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Software, Mobile, Internet
  • Stage:Series A, Seed
  • Geography: Japan, United States, China

Investor stats

  • Total investments: 104
  • Round size: Seed $1.2M–$32M; Series A $3M–$82M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $1.4B in 2019

Portfolio highlights

  • MedUp — MedUp operates foro CRM, a SaaS CRM tool that provides hospitals with sales and marketing support, data analysis and visualization, and more.
  • KAUCHE — KAUCHE is a social commerce app. They provide services for online and mail-order retail shops. Their customers' inquiries are addressed through phone, email, and online applications.
  • Sumutasu — sumutasu is an online real estate marketplace that enables users to quickly buy and sell their properties.
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MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical 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, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 132
  • Round size: Seed $2M–$54M; Series A $5.5M–$275M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Firstcard — All-in-One Student Credit Builder. Build credit. Earn cashback. Grow your deposit.
  • LexxPluss — LexxPluss develops an automatic transfer software system and robot hardware.
  • Smart Bank — Smart Bank is a softawre firm that has developed an application for money spending management.
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Real Tech Japan
VC Fund · Sumida, Tokyo, Japan · 3 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Robotics
  • Stage:Series A, Seed
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 76
  • Round size: Seed $4.8M–$41M; Series A $6M–$233M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • ProfilePrint — ProfilePrint synthesises complex molecular data of ingredient samples into digital fingerprints, rapidly predicting its identity and quality, helping agribusinesses to buy and sell better with its patented digital food identity-as-a-service (IDaaS) technology.
  • Integriculture — Integriculture makes cellular agriculture products to improve sustainability, food security, and reduce public health problems. The company offers a developed patented general-purpose large-scale cell culture system that can culture wide range of cells without external addition of expensive growth factors and provide consumers with affordable cleanmeat.Founded in 2015, Integriculture is headquartered in Tokyo, Japan.
  • Sentient.io — We provide a secure AI & Data platform with ready-made AI models for easy adoption and turnkey AI solutions for Enterprises on your digitalisation journey.
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Coral Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

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

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Investment focus

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

Investor stats

  • Total investments: 56
  • Round size: Seed $3M–$30M; Series A $7.9M–$250M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $128M in 2021

Portfolio highlights

  • Dioseve — Dioseve is providing novel possibilities for all life.
  • HQ Inc — Hq is a consutling firm that works in the area of personnel organization strategy, working style office strategy and software development.
  • TeraWatt Technology — Electrifying all for the sustainable future
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Angel Bridge
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

Angel Bridge is a angel investor groups in Japan and provide high quality and abundant funds to excellent companies.

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Investment focus

  • Industry: Medical, Nursing and Residential Care, Consulting
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 15
  • Round size: Seed $9.9M–$110M; Series A $24M–$69M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • SmartRyde — October 5, 2021 Bloomberg featured CEO Sota Kimura's thoughts on the company's founding and future business development. March 19, 2021 What We Do to Protect Our Customer All staff are required to wear masks. Provision of alcohol-based disinfectants in
  • 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.
  • Logomix Inc. — Logomix Inc is a mammalian cellular genome architect startup. Logomix proprietary platform, Geno-Writing™, technology integrates large-scale (Mb) human genome-writing technologies and providing genetically architected versatile human cells and/or downsized cells and microbes for drug development and cell & gene therapy area.Majority ofthe cell engineering companies are currently focused on optimization of gene clusters by automatic high throughput system however, Logomix’s Geno-Writing™ provides the required tools for dealing with mammalian or complex genomes. Logomix works with partners by providing new biology-based solutions to co-create business and social values on Geno-Writing™ platform Current Focus Area includes: 1. Human Health & Therapeutics 2. Biomaterials & Chemicals 3. Agriculture & EnvironmentLogomix has 11 ongoing collaborative research partnerships. Currently Logomix is specifically looking for industry partners to address unmet needs in neurodegenerative disease areas.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups, 10 in the past 12 months

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

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Investment focus

  • Industry: Information Technology, Software, Content
  • Stage:Seed, Series A
  • Geography: Japan, Vietnam, Indonesia

Investor stats

  • Total investments: 122
  • Round size: Seed $1.6M–$21M; Series A $1.5M–$55M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • YourTrade — YourTrade helps cross-border e-commerce companies to resale rejected goods and backlogged inventory from overseas sales through local sales channels.It also provides services such as collection and inspection of returned items, as well as resale through local sales channels.
  • 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.
  • Friend Microbe — Friend Mike Robe is Developing new market with microbe-related technology
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Takeda
VC Fund · Osaka, Osaka, Japan · 3 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Corporate Round, Series A
  • Geography: United States, Japan, Canada

Investor stats

  • Total investments: 34
  • Round size: Series A $5M–$165M; Corporate Round $52M–$1.4B
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Ambys Medicines — Ambys Medicines is a biotechnology company focused on discovering and developing regenerative and restorative therapies. Ambys Medicines is working to fundamentally transform the lives of people suffering from severe liver diseases by creating breakthrough therapies capable of restoring liver function, preventing the progression of liver disease,and treating the devastating complications of liver failure.
  • Crescendo Biologics — Crescendo Biologics is a new Cambridge-based company whose vision is to deliver next-generation antibody therapeutics based on novel class-leading platforms.The focus of the company is on developing platforms that will address key issues in generating high-affinity, soluble, human VH antibody fragments. These are the smallest fragments thatretain antibody binding, and have many desirable properties as potential therapeutics. Crescendo will then utilise these platforms for product development of in-house targets or in partnership with other companies.
  • Cardurion Pharmaceuticals — A Boston-based cardiovascular biotechnology company developing next-generation therapeutics for the treatment of heart failure and cardiovascular diseases.
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IT-Farm
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups, 9 in the past 12 months

IT-Farm is a venture capital firm which specializes in seed, start-up, and early stage companies. It primarily invests in mobile, big-data, connected car, IoT, OTT service, Helth care, Bio Tech and other IT industries. The firm actively invests in SF bay area and Japan, as well as other geometries including Asia and Europe. We support portfoliocompanies, especially on the partnership with Japanese enterprises.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Japan, Germany

Investor stats

  • Total investments: 102
  • Round size: Seed $2M–$7.3M; Series A $1.8M–$9.6M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Finviet — Finviet operates a fintech platform with the goal of becoming a trustworthy and efficient financial technology company. The platform of the company specializes in financial services, telecommunication services, e-wallets and payment gateways, banking services, and agent banking.
  • Cogsmart — Cogsmart provides services for brain function research and development. In hopes of helping prevent dementia and maintain and improve other cognitive functions, they manufacture and sell software for medical and healthcare devices.
  • ImageBiopsy Lab — AI-driven software applications that enable orthopedists and radiologists to assess and predict bone health. A new dimension of MSK imaging diagnostics.
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Nippon Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series A, Seed
  • Geography: Japan, United States

Investor stats

  • Total investments: 124
  • Round size: Seed $6.9M–$112M; Series A $6.8M–$82M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Utill — Utill is anything that expands the possibilities of not only production but also our own services
  • LIFESCAPES — LIFESCAPES is a research and manufacturer of brain-computer interface equipment.
  • LUCA Science — LUCA Science develops innovative treatments intended for mitochondrial and related diseases.
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KSP
VC Fund · Kawasaki, Kanagawa, Japan · 3 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 34
  • Round size: Series A $18M–$102M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Metcela — Metcela Inc. is a pioneer biotechnology company founded in Japan. Metcela aims to be the first to commercialize biological products that heal damaged heart muscle to treat heart failure.
  • Mira Robotics — I found a great domain name for sale on Dan.com. Check it out!
  • Melody International Japan — Melody International Japan is a company that supports medical and health with ICT.
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Capital Medica Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Medical, Software, Health Care
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 7
  • Round size: Seed $14M–$16M; Series A $22M–$48M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • HCMJ — HCMJ specializes in software development in the medical industry.
  • Epigno — Epigno provides hospital management systems for medical institutions.
  • Rehab for JAPAN — Rehab for Japan is developing a special rehabilitation SaaS for day service .
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Sony
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

Sony develops and manufactures audio, video, communications, and information technology products for the consumer and professional markets. Sony is a mix of consumer electronics and various well-known brand names, such as Walkman in portable audio players, Vaio in PCs, Xperia in smartphones, Cybershot and Alpha in digital cameras, and PlayStationin video game consoles.Sony has seven main business segments, operating electronic appliances, games, devices and semiconductors, entertainment content, and financial services.

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Investment focus

  • Industry: Software, Video, Machine Learning
  • Stage:Series A, Series B
  • Geography: United States, Japan, Switzerland

Investor stats

  • Total investments: 53
  • Round size: Series A $10M–$282M; Series B $5.4M–$137M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $137M in 2020

Portfolio highlights

  • Epic Games — Welcome to Epic Games Store! Download and play PC Games of every genre. We have mods, DLC and Free Games too! Games for everyone.
  • Rapidus — Rapidus is an Electronic component research, development, design, production, and sales that includes semiconductor elements and integrated circuits. Environmentally friendly, energy-saving semiconductors and semiconductor manufacturing technology are being researched and developed. Human resource development and training for the semiconductorsector.
  • Superplastic — Superplastic is a character-based product and entertainment company. It creates limited edition art toys, apparel, games, and animation based on characters created in collaboration with some of the greatest artists in the world. Superplastic is founded on the principle that effort and scarcity are intrinsic components of value. The companyappropriates the tools of mass media and mass production to create limited edition works of art for a limited audience. It was established in 2017 and is based in Burlington, Vermont.
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Fujifilm
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Biotechnology, Medical Device, Medical
  • Stage:Series A, Series B
  • Geography: Japan, Israel, United States

Investor stats

  • Total investments: 10
  • Round size: Series A $49M–$412M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Rege Nephro — Rege Nephro is a biotech company that specialized in R&D, production and marketing of renal disease therapeutics.
  • Nanox Imaging — Nanox Vision develops a next-generation medical imaging system based on groundbreaking technology. Our aim is to democratize medical imaging and bring preventive healthcare to communities worldwide, helping create a better standard of care for all.
  • 24M Technologies — 24M Technologies develops energy storage systems for grid and transportation applications. 24M Technologies, Inc. builds energy storage systems for grid and transportation applications. The company was founded in 2010 and is based in Cambridge, Massachusetts.
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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups, 7 in the past 12 months

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: 180
  • Round size: Seed $500k–$45M; Series A $11M–$165M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $2.3B in 2021

Portfolio highlights

  • Cerby — Collaborate without chaos. Cerby helps your team be productive while protecting your brand. Secure unmanageable applications. Only with Cerby.
  • CYBO — CYBO provides products and services to understand cells deeply and to harness them widely.
  • Bondy — Bondy is an HR Tech automation platform that specializes in connecting different HR processes.
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JIC Venture Growth Investments
VC Fund · Marunouchi, Tokyo, Japan · 2 investments in Japan Medical startups, 7 in the past 12 months

JIC-VGI helps promote innovation and improve its international competitiveness through growth-investments in startup companies. The firm accelerating innovation and helping to solve industrial and social issues by supporting and seeking innovative technologies and new businesses.JIC Venture Growth Investments was established in July 2020 and isbased in Tokyo, Japan.

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Investment focus

  • Industry: Software, Information Technology, Consulting
  • Stage:Series B, Series C
  • Geography: Japan, Singapore, Thailand

Investor stats

  • Total investments: 37
  • Round size: Series B $4.1M–$385M; Series C $22M–$398M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • LiLz — LiLz is an IT technology network for businesses looking to use AI and IoT to offer new services and value.
  • Cellusion — Cellular technology breakthrough for clear vision of the future.
  • Metagen Therapeutics — Metagen Therapeutics is a Drug discovery and medical business company which utilizes microbiome science.
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Cyberdyne
VC Fund · Tsukuba, Ibaraki, Japan · 2 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Health Care, Medical, Information Technology
  • Stage:Series B, Seed
  • Geography: Japan, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $1.4M–$48M; Series B $12M–$206M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • LIFESCAPES — LIFESCAPES is a research and manufacturer of brain-computer interface equipment.
  • Metcela — Metcela Inc. is a pioneer biotechnology company founded in Japan. Metcela aims to be the first to commercialize biological products that heal damaged heart muscle to treat heart failure.
  • Rehab for JAPAN — Rehab for Japan is developing a special rehabilitation SaaS for day service .
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NEDO
VC Fund · Kawasaki, Kanagawa, Japan · 2 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Health Care, Medical, Manufacturing
  • Stage:Seed, Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 10
  • Round size: Seed $14M–$16M; Series A $32M–$71M; Series B $45M–$124M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ANSeen — X-ray COLOR Imaging
  • Aba — Aba develops products that reduce the burden of nursing care. Aba company has developed a device that can detect and record the excretion status of the care recipient, aiming to solve the mental and physical burden of the carer / care recipient by excretion sensing and pattern analysis.
  • EmbodyMe — Making the unimaginable, imaginable with AI
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MedVenture Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

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

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Investment focus

  • Industry: Medical Device, Medical, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Alivas — Alivas is a medical company that develops new therapeutic medical devices for refractory constipation. It is a joint venture between Stanford University and the University of Tokyo with the Japan Biodesign program for innovative medical device creation. The company was founded in 2017 and is based in Hongo, Tokyo in Japan.
  • PaMeLa — PaMeLa is a company that measures pain with science.PaMeLa will establish a method of objectively assessing pain and contribute to medical care.
  • SentiAR — SentiAR is digital health, software device company adding a new dimension to clinical practice in interventional procedures. Spun out of Washington University, we are developing the first 3D visualization platform using real-time holography of the patient's anatomy and catheter location, "floating" over the patients, with a goal toprovide the clinician and patient a faster, safer delivery of care.SentiAR’s mission is to transform the experience for both patient and clinician in interventional procedures with a 3D augmented reality platform featuring real-time holographic visualization of the patient’s actual anatomy, “floating” over the patient.The visualization is fully controllable “hands-free” by the clinician, providing an ergonomic breakthrough for the treatment and analysis of cardiac arrhythmias within an interventional catheter lab environment. SentiAR is developing the platform for eventual FDA submission.
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Salesforce Ventures
VC Fund · San Francisco, California, United States · 2 investments in Japan Medical startups, 39 in the past 12 months

100% invested in enterprise cloud companies.

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Investment focus

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

Investor stats

  • Total investments: 395
  • Round size: Series A $3.3M–$43M; Series B $4.8M–$137M; Series C $15M–$115M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Cerby — Collaborate without chaos. Cerby helps your team be productive while protecting your brand. Secure unmanageable applications. Only with Cerby.
  • Hugging Face — Hugging Face is an open-source & platform provider of machine learning technologies. Hugging Face was launched in 2016 and is headquartered in New York.
  • Thunder — Thunder seasoned pros will help connect your processes, platforms and people, to get your business booming.
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Sony Innovation Fund
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups, 15 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 134
  • Round size: Series A $7.9M–$151M; Series B $14M–$302M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Anzu.io — Anzu is an in-game advertising platform that introduces native, creative, and dynamically-updated ads to video games and esports.
  • FLUX — FLUX provide “FLUX Header Bidding Solution” that creates fair competition opportunities and significantly increases advertising revenue within the header bidding server, ad requests are sent to SSPs and ad exchanges all at once, so it is possible to have a pure price competition without prioritization, and to determine the highest bid amount andvalue of the advertising space. I can. Then, the price of the highest bid ad in the header bidding and the ad set in the ad server are competed, and the ad with the higher bid is delivered.
  • Verity — Our automated inventory tracking system powered by self-flying inventory drones makes the zero-error warehouse a reality.
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Astellas Venture Management
VC Fund · Menlo Park, California, United States · 2 investments in Japan Medical startups

Astellas Venture Management is a California-based financial organization that targets investments in the biotechnology sector.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B
  • Geography: United States, United Kingdom, Japan

Investor stats

  • Total investments: 59
  • Round size: Series A $2.5M–$45M; Series B $21M–$50M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • Mogrify — Mogrify is pioneering a new class of in vivo reprogramming therapy and transforming the development of ex vivo cell therapy.
  • Solu Therapeutics — Solu Therapeutics is a precision-medicine-focused company developing therapeutics to eliminate disease-driving cells.
  • Casma Therapeutics — Casma Therapeutics is a developer of a natural cellular process of autophagy to open new target areas for drug discovery and development. The company focuses on autophagy system to improve the cellular process of clearing out unwanted proteins, organelles and invading pathogens as well as tries to arrest or reverse the progression of lysosomalstorage disorders, muscle disorders, inflammatory disorders and neurodegeneration, enabling physicians to address unmet medical needs.
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ITOCHU Technology Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical 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: E-Commerce, Software, Information Technology
  • Stage:Series B, Series A
  • Geography: Japan, United States, Belgium

Investor stats

  • Total investments: 111
  • Round size: Series A $12M–$151M; Series B $4.2M–$206M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Funds — Funds is an online marketplace for lending funds.
  • K Pharma — K Pharma Is the development Of the Treatment Of the Spinal Cord injury
  • OriCiro Genomics — DNA amplification | OriCiro Cloning Kit - OriCiro Genomics, Inc.
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KISCO
VC Fund · Osaka, Osaka, Japan · 2 investments in Japan Medical startups

KISCO engages in the sales of synthetic resins, chemicals, electronics materials, and packaging materials. KISCO offers domestic demand import and export services. KISCO Corporation was founded in 1921 and is based in Osaka, Japan.

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Investment focus

  • Industry: Medical, Robotics, Health Care
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

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

Portfolio highlights

  • EditForce — EditForce develops drugs and seeds by using nucleic acid (DNA/RNA) manipulation technologies.
  • Seven Dreamers Laboratories — Seven Dreamers Laboratories is the maker of personal-use devices dedicated to creating totally novel, world-first products. The company develops carbon tool, medical equipment with haute couture design, and a household laundry robot. It targets to commercialize the Laundroid, a laundry-folding robot that uses image-recognition algorithms and techto identify types of clothing, such as t-shirts, towels, and pants, fold each one appropriately, and sort them by item or family member.The company was founded in 2011 and is based in Tokyo, Japan.
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ANOBAKA
VC Fund · Shibuya, Kanagawa, Japan · 2 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Software, Content, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 105
  • Round size: Seed $3.4M–$21M; Series A $5.5M–$300M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • nat — nat develops iOS application - Scanat and provides consultation service in data strategy.
  • Dots for — Dots for is a technology that aims to improve the lives of rural residents by providing them with digital services.
  • Willbox — Willbox is an international logistics company providing an international logistics digital platform for shippers and logistics companies. The company's platform "Giho" connects shippers and logistics companies (transportation, packaging, warehousing, customs clearance, etc.) with a direct contract. It visualizes the three elements of[lead time, money, and safety], which have been regarded as a black box, and supports comparative examination and decision making. Willbox digitizes the packing technique of wooden boxes and steel, mandatory for international logistics, and incorporated them into their system. Their mission is to solve the logistics issues focusing on the large cargo of industrial products.The company was founded in 2019 and is based in Yokohama-shi, Kanagawa.
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Sumitomo Mitsui Trust Investment
VC Fund · Minato, Chiba, Japan · 2 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Internet, Software, Information Technology
  • Stage:Series D, Series A, Series C
  • Geography: Japan, Singapore

Investor stats

  • Total investments: 25
  • Round size: Series A $38M–$934M; Series C $30M–$357M; Series D $12M–$1.2B
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • FLUX — FLUX provide “FLUX Header Bidding Solution” that creates fair competition opportunities and significantly increases advertising revenue within the header bidding server, ad requests are sent to SSPs and ad exchanges all at once, so it is possible to have a pure price competition without prioritization, and to determine the highest bid amount andvalue of the advertising space. I can. Then, the price of the highest bid ad in the header bidding and the ad set in the ad server are competed, and the ad with the higher bid is delivered.
  • Heartseed — Heartseed has set a mission to “open the door to heart disease treatment with regenerative medicine” and is working toward the day-to-day clinical application of myocardial regenerative medicine.
  • Aculys Pharma — Accuris Pharma is a pharmaceutical company that aims to develop innovative and superior medical methods and deliver them to patients.
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Energy & Environment Investment
VC Fund · Higashi-shinagawa, Tokyo, Japan · 2 investments in Japan Medical 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: Internet of Things, Software, Energy
  • Stage:Series A, Series B
  • Geography: Japan, United States, Germany

Investor stats

  • Total investments: 71
  • Round size: Series A $3.8M–$206M; Series B $7.6M–$536M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $137M in 2019

Portfolio highlights

  • Astroscale — Astroscale is the first private company with a vision to secure the safe and sustainable development of space for the benefit of future generations, and the only company solely dedicated to on-orbit servicing across all orbits.
  • Synspective — Synspective provides one-stop-solutions by satellite gathered geospatial data. The core technology was developed by the ImPACT program led by The Cabinet Office, Government of Japan, building small SAR satellites and constellations, allowing frequent observation of areas of interest (AOI). Synspective uses its satellites to produce SAR data which can be provided to both government and commercial clients as-is, as well as transform that data through AI solutions to produce insights and user-friendly information across industries.
  • Clean Energy Connect — Clean Energy Connect is into offering green energy solutions. It invests in its own generation capacity for a stable electricity supply by not harming nature.
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Pegasus Tech Ventures
VC Fund · San Jose, California, United States · 2 investments in Japan Medical startups

Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley, offering intellectual and financial capital to exceptional emerging technology companies around the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A
  • Geography: United States, Indonesia, Japan

Investor stats

  • Total investments: 169
  • Round size: Seed $250k–$4.5M; Series A $2M–$27M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Xanadu — Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and accessible to people everywhere. Sign up for Xanadu Cloud today to access hardware, software, applications, and educational resources!
  • SmartHelio — SmartHelio wants to be the doctor for solar plants: we remotely diagnose existing problems, predict faults and prescribe solutions in real time. Our team is made up of highly skilled engineers and scientists with deep domain knowledge of solar technology and data science. The company has developed a cost effective Edge Computing IoT device(HelioHealth, FitBit for Solar), world’s first in its category, that collects and processes data at the panel level using its proprietary physics-based algorithms. SmartHelio provide a dashboard or fully integrate into the existing customers’ IT platform. SmartHelio is deploying AI on Edge devices to reduce the cost of data collection, storage, and processing without compromising the quality of analytics services. This empower energy developers and managers to maintain their assets consistently at a high-performance level with minimum human intervention. SmartHelio is able to generate 5% extra energy and optimize 30% of O&M effort.
  • DispatchHealth — DispatchHealth is a provider of mobile and virtual healthcare for people of all ages in the comfort of their own homes. DispatchHealt was founded in 2013 and was formerly known as True North Health Navigation. It aims to create an integrated, convenient, triage, and care delivery solution that extends the capabilities of the patient's careteam and provides quality care in the home while decreasing costs.It was founded in 2013 and headquartered in Denver, Colorado.
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Chiba Dojo
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

Chiba Dojo is an entrepreneurial community that supports startup companies in various stages from seed to pre-IPO.

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Investment focus

  • Industry: E-Commerce, Information Technology, Financial Services
  • Stage:Seed, Series A
  • Geography: Japan, Singapore, United States

Investor stats

  • Total investments: 32
  • Round size: Seed $1.8M–$25M; Series A $1.4M–$111M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — raised $343M in 2019

Portfolio highlights

  • Sollective — Sollective is an invite-only freelancer network where companies can directly hire talent inside and outside of Japan. Sollective connects freelancers and companies that are ready to work together to maximize each's potential and lead the business to success.
  • Orange — About Us With a mission of Creating a world where everyone enjoys manga since our founding in 2021 Orange has been developing various manga specialized deep l
  • Gojo & Company — We are enabling financial inclusion for everyone by partnering with financial service providers.
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STRIVE
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical 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, Internet, SaaS
  • Stage:Seed, Series A
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 126
  • Round size: Seed $737k–$32M; Series A $2M–$151M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Bytebeam — Accelerate your IoT initiatives with Bytebeam - our platform makes it 10X simpler and quicker to build cutting-edge smart products
  • Showroom B2B — SHOWROOM B2B is building the largest B2B “Phygital” platform for India’s $108 Bn fashion industry by connecting Tier 2+ clothing retailers directly with small to mid-scale apparel manufacturers and providing all parties with solutions for distribution, credit, logistics, and marketing.Showroom works on “Touch & Feel” mode of selling where itsunique distribution model ensures that there is almost NO RETURN of products sold. It creates Experience Centres for its retailers which gives them the confidence to buy without any iota of doubt about product quality.Showroom's offerings = Better Margins for Clothing Retailers + Aggressive Growth for Clothing Manufacturers
  • Testsigma — Powerful open source test automation platform that lets you automate tests for web, mobile, desktop apps, and APIs in minutes. Sign up for free today.
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MAKOTO Capital
VC Fund · Sendai, Miyagi, Japan · 2 investments in Japan Medical startups

MAKOTO Capital engages in VC business, venture studio business, and management consulting business.

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Investment focus

  • Industry: Medical, Manufacturing, Software
  • Stage:Series A, Series B
  • Geography: Japan

Investor stats

  • Total investments: 21
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Wakaze — Wakaze is a Japanese sake brewing startup.
  • Cogsmart — Cogsmart provides services for brain function research and development. In hopes of helping prevent dementia and maintain and improve other cognitive functions, they manufacture and sell software for medical and healthcare devices.
  • ElevationSpace — ElevationSpace offers high quality & well equipped workspaces giving tenants a nurturing environment .
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Ohara Pharmaceutical
VC Fund · Koka, Shiga, Japan · 2 investments in Japan Medical startups

Ohara Pharmaceuticals is a pharmaceutical business involved in the development, manufacture, and distribution of pharmaceutical products.

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Investment focus

  • Industry: Medical, Biotechnology, Nursing and Residential Care
  • Stage:Series A, Series B
  • Geography: Japan, Kenya, Nigeria

Investor stats

  • Total investments: 9
  • Round size: Series A $10M–$76M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • HACARUS — We make AI work, where common Big Data aproaches fail. Get explainable results, even from small data amounts. Available on the cloud or as embedded devices.
  • Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
  • Revital Healthcare — Revital revolutionizes healthcare by bringing advancedmedical devices, including WHO-Prequalified syringes, meeting the healthcare needs of Africa and beyond.
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Essential Pharma
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

Essential Pharma provided on this site is created for the purpose of providing information on our ethical drugs to medical professionals

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Investment focus

  • Industry: Medical, Software, Life Science
  • Stage:Series A
  • Geography: Japan

Investor stats

  • Total investments: 3
  • Round size: Series A $37M–$76M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • HACARUS — We make AI work, where common Big Data aproaches fail. Get explainable results, even from small data amounts. Available on the cloud or as embedded devices.
  • HekaBio — HekaBio connects world-leading healthcare innovations to unmet medical needs in the Asia Pacific, with broad category development expertise in pharma, medical device, in-vitro diagnostics, digital health, and cell & gene therapies.
  • Jiksak Bioengineering — Jiksak Bioengineering is a biotechnology company. Jiksak Bioengineering provide an efficient screening service using a three-dimensional cell tissue "Nerve Organoid". We will mainly develop screening technologies specifically for neurodegenerative diseases and search for drugs that are effective for amyotrophic lateral sclerosis (ALS).
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Media Future
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

Media Future is a group of communication technology professionals that works on connecting feelings and thoughts. The Tokyo, Tokyo-based company was established in 2013.

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Investment focus

  • Industry: Medical, Software, Life Science
  • Stage:Series A
  • Geography: Japan

Investor stats

  • Total investments: 3
  • Round size: Series A $37M–$76M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • HACARUS — We make AI work, where common Big Data aproaches fail. Get explainable results, even from small data amounts. Available on the cloud or as embedded devices.
  • HekaBio — HekaBio connects world-leading healthcare innovations to unmet medical needs in the Asia Pacific, with broad category development expertise in pharma, medical device, in-vitro diagnostics, digital health, and cell & gene therapies.
  • Jiksak Bioengineering — Jiksak Bioengineering is a biotechnology company. Jiksak Bioengineering provide an efficient screening service using a three-dimensional cell tissue "Nerve Organoid". We will mainly develop screening technologies specifically for neurodegenerative diseases and search for drugs that are effective for amyotrophic lateral sclerosis (ALS).
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Chibagin Capital
VC Fund · Chiba, Chiba, Japan · 2 investments in Japan Medical startups

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

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Investment focus

  • Industry: E-Commerce, Internet, Construction
  • Stage:Series B, Series A
  • Geography: Japan

Investor stats

  • Total investments: 15
  • Round size: Series A $12M–$55M; Series B $49M–$330M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BionicM — BionicM develops high-performance robot prostheses that enhance mobility for people with disabilities.BionicM has been conducting research on innovative technologies since 2015 at the University of Tokyo's Information Systems Engineering Laboratory (JSK) under the guidance of Professor Inaba and utilizing the world's most advancedrobotics research. In 2016, we were adopted by the Japan Science and Technology Agency as part of "Program for Creating STart-ups from Advanced Research and Technology" (START), and in 2018, the company was established as a joint-stock company.
  • Strobolight — Strobolight provides consistent support such as production, construction and maintenance by staff with expertise to users who have trouble with garden.
  • Algal Bio — Algal Bio is an food tech startup, was established in 2018 based upon 20 years of research results at the University of Tokyo.
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Hirofumi Miki
Angel · Shibuya, Kanagawa, Japan · 2 investments in Japan Medical startups

After JTB Co., Ltd. and CYBIRD Co., Ltd. as an initial member of Glee Co., Ltd. is responsible for business development. Currently, he is mainly engaged in venture support in the Internet area, investing in venture and venture capital, and served as management advisor for dozens of companies. Hands-on business development, growth strategydevelopment, financing advice, HR organization design support, partner referral and Recruit Support. He is also engaged in business support for ventures in the healthcare and university venture fields. He served as Digital Health Meetup Advisor, NEDOTCP Mentor and Future 2016 Mentor.

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Investment focus

  • Industry: Content, Marketing, Internet
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Japan

Investor stats

  • Total investments: 25
  • Round size: Seed $3.7M–$32M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AceRNA — AceRNA contributes to regenerative medicine and drug discovery through the discovery of novel miRNA functions. It began operation in April 2018, with its headquarters in Kyoto in Japan.
  • Epicbase — Epicbase is an AI-based automatic voice transcription service based on voice recognition technology.
  • Go Visions — Go Visions engages in the edutainment tech for children and human resources services.
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Scrum Ventures
VC Fund · San Francisco, California, United States · 2 investments in Japan Medical startups

Scrum Ventures is an early-stage venture firm that has invested in over 80 startups across a range of industries in the U.S. and Japan. Based in San Francisco with extensive experience and networks in both Silicon Valley and Japan, Scrum Ventures accelerates portfolio companies with global opportunities. Scrum Studios is reinventing the traditional accelerator -- taking a stage-agnostic approach in connecting best-in-class startups with leading Japanese corporations.

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Investment focus

  • Industry: Software, Mobile, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Japan, China

Investor stats

  • Total investments: 90
  • Round size: Seed $1M–$6.6M; Series A $6M–$25M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • BiPSEE — BiPSEE is a medical XR company that provides treatment support for children for the purpose of nurturing a sense of self-efficacy. They also deploy AR and VR animation with one button dentistry and medicine, whether outpatient or hospitalized in various situations your child's anxiety and pain relieve. It aims to reduce anxiety and pain inchildren in a wide range of medical fields such as dentistry, pediatrics, and dermatology.BiPSEE is abs ed in Tokyo, Japan.
  • Bloomo Investment — Bloomo Investment is a software company that specializes in the development of smart and fun investment apps.
  • Project Admission — A software solution that integrates with ticketing platforms, Project Admission makes buying, transferring, and reselling tickets simple, intuitive, and effective.
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Vector
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

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.

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Investment focus

  • Industry: Media and Entertainment, Marketing, Content
  • Stage:Seed, Corporate Round
  • Geography: Japan

Investor stats

  • Total investments: 74
  • Round size: Seed $8.2M–$41M; Corporate Round $2.1M–$27M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Canly — Canly is a cloud based system to reduce management & operating costs in a retail store along with being in the media & advertising business.
  • PeaceTecLab — PeaceTecLab is a CtoCsharing service, as its main business.
  • Alliance Cloud — Alliance Cloud primarily engages in the Sales Tech and BtoB Sales Outsourcing Business.
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REVIC
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Japan Medical startups

REVIC is an organization that supports the business revitalization of small and medium-sized enterprises and regional revitalization in order to revitalize Japan's regional economy and contribute to strengthening the foundation of credit order. It was established in March of the year by reorganizing its predecessor, the Enterprise TurnaroundInitiative Corporation. It supports the business feasibility evaluation conducted by regional financial institutions to provide solutions that match the life stages of local companies, based on the current situation and issues of the regional economy and industry.

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Investment focus

  • Industry: Mobile, Internet, Health Care
  • Stage:Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 8
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • PuREC — Just another WordPress site
  • YAMAP — YAMAP is born to make your outdoors, such as hike or ski, more safety, and more enjoyable with your iPhone. YAMAP App can track and log your outdoors, view elevation info, and build an online outdoor journal. 
Love & share the outdoors with YAMAP ! ■■ Three Main Features of YAMAP ■■ 1) Safe ◆YAMAP App makes your iPhone a special GPSdevice for the outdoors. YAMAP App could provide accurate positioning information with YAMAP's maps in Japan and your iPhone's GPS, even if you are in places not reached by mobile phone signals, such as in mountainous regions. 2) Convenience ◆ YAMAP Hybrid Maps YAMAP's maps are used as digital ones with your iPhone, and as ones on paper by downloading them to your PC (or tablet PC). 3) Share ◆You can easily share your outdoor data with your family and friends through YAMAP Web service. Once you finish your outdoor and save your data, YAMAP App automatically uploads to your online 'ACTIVITY REPORT' on YAMAP Web service (http://yamap.co.jp) where you can view your route, outdoor data, and a comprehensive workout history. In addition, YAMAP gives you the ability to easily share your outdoor data with friends and family.
  • AMBICION — AMBICION develops new drugs focused on establishing a global standard treatment for cancer patients. The company's is called product Natural killer T cells or NKT cells, a type of T cells that also have NK cell properties. It is activated by recognizing glycolipid antigens, produce many types of cytokines, and induce both immunostimulation andsuppression reactions. NKT cells can induce cell death to cancer cells due to the nature of NK cells, but its direct cytotoxic activity is limited due to the small amount present in the body. NKT cells also have the ability to produce large amounts of cytokines.AMBICION was founded in October 2015 and is headquartered in Tokyo, Japan.
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Gogin Capital
VC Fund · Matsue-shi, Shimane, Japan · 2 investments in Japan Medical startups

Gogin Capital provides financial services and invests in insurance companies.

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Investment focus

  • Industry: Pharmaceutical, Medical, Legal
  • Stage:Series A, Seed
  • Geography: Japan

Investor stats

  • Total investments: 5
  • Round size: Series A $27M–$80M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • PuREC — Just another WordPress site
  • beBit, Inc. — BeBit is a consulting firm that provides customer experience management and user-centered design support services.
  • 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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Medical Investor funding in Japan at a glance

Stats across 335 deals from 425 investors.

425
investors
in Japan Medical startups
335
deals
in Japan Medical startups
$38M
median round
in Japan Medical startups
21%
lead investors
lead at least one round
22%
Seed
most common funding stage
93/7
VC / Angel
share of investor count

Access all 425 investors in Japan Medical startups.

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