# Top 45 Retail VC (Venture Capital) Funds in Japan in May 2026

## DBJ Capital
- Type: VC Fund
- Location: Otemachi, Tokyo, Japan
- Relevant deals: 3
- 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.

## Mizuho Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- 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.

## Mitsubishi UFJ Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: Software, Health Care, Information Technology

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

## VOYAGE VENTURES
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Internet, Content

Voyage Ventures is the venture capital arm of Voyage Group specializing in seed and early-stage investments. The firm seeks to make investments in the internet and mobile internet industry. It invests from JPY1 million ($.01million) to JPY to 10 million ($.12 million) in its portfolio companies. The firm typically invests in Japan, China, and othergrowing Asian markets. Voyage Ventures, Inc., formerly known as EC Navi Ventures Company, was founded on March 25, 2011, and is based in Tokyo, Japan.

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

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

## 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.

## 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.

## Hakuhodo DY Media Partners
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Media and Entertainment, Advertising, Content

Hakuhodo DY Media Partners is committed to designing media strategies that build value for media and produce more effective communication.

## Energy & Environment Investment
- Type: VC Fund
- Location: Higashi-shinagawa, Tokyo, Japan
- Relevant deals: 2
- 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.

## Headline Asia (formerly Infinity Ventures)
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: E-Commerce, Software, Financial Services

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

## ENEOS
- Type: VC Fund
- Location: Otemachi, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Energy, Robotics, Solar

Website of ENEOS.

## Yokohama Capital
- Type: VC Fund
- Location: Yokohama, Kanagawa, Japan
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Health Care, Artificial Intelligence, Task Management

Yokohama Capital as a venture capital firm conducts investment and rehabilitation support for small and medium-sized companies.

## Fineseed
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Content, Media and Entertainment

Fineseed is a Healthcare business Internet media business Sports Education business

## STRIVE
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Internet, SaaS

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.

## Accord Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Internet, SaaS

Accord Ventures is a venture capital firm that believes in and supports the potential of Asian entrepreneurs. It has invested in more than 50 startups in Japan, the United States, Taiwan, and Southeast Asia, and new technologies that bring new value to society, such as IoT, AI, and fintech, with a focus on platform businesses that utilize ITtechnology. And new services are supported.

## ECHO TRADING
- Type: VC Fund
- Location: Hyogo, Hokkaido, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Content, Pet, Retail

ECHO TRADING provides an array of pet-related goods and services. The Company wholesales pet food and supplies, and operates pet theme park business. Echo Trading also provides pet-related trainings to individuals working in the pet industry in its own school.

## Ardian
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Private Equity, Series B
- Focus: Software, Information Technology, Manufacturing

We are an employee controlled company managing and/or advising more than $125 bn of assets. Our mission is to generate sustainable, long-term returns for our clients, alongside positive social impact that benefits all our stakeholders and society at large.

## ANOBAKA
- Type: VC Fund
- Location: Shibuya, Kanagawa, Japan
- Relevant deals: 1
- 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.

## KDDI Open Innovation Fund
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Software, Internet, Mobile

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

## Asukanet
- Type: VC Fund
- Location: Hiroshima-shi, Hiroshima, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Artificial Intelligence, Retail, Robotics

Asukanet is a digital photo processing service provider company.

## Incubate Fund
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- 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.

## Dai-ichi Life
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series B, Series C
- Focus: Health Care, Financial Services, Renewable Energy

Dai-ichi Life is a private insurance company that provides life insurance and pension products services. It is the second-largest private life insurance company in Japan as measured by total assets as of March 31, 2014.Founded on September 15, 1902, Dai-ichi Life was the oldest mutual insurance company in Japan until it was demutualized andlisted on the Tokyo Stock Exchange on April 1, 2010.As of March 31, 2014, total assets were ¥37.7 trillion (USD$366.3 billion) on a consolidated basis. Based in Tokyo, Dai-ichi Life has approximately 67,000 employees and 1,345 sales offices throughout Japan. It also has overseas life insurance businesses in Vietnam, Australia, Thailand, Indonesia, and India as well as offices in New York, London, Hong Kong, Beijing, and Shanghai.

## ABC Dream Ventures
- Type: VC Fund
- Location: Osaka, Osaka, Japan
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Social Media, Information Technology, Content

ABC Dream Ventures is the corporate venture capital arm of Japanese media firm Asahi Broadcasting Group Holdings.

## Kewpie Corporation
- Type: VC Fund
- Location: Akasaka, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Retail, Fitness, Wellness

Kewpie engaged in manufacturing, wholesaling, transportation, and warehousing of food products. The company's business center is in China but also expanded in Europe and the United States. Also, strengthen the domestic seasonings business and cut vegetables main future, they will focus on the egg market for business and rush to monetize ofoverseas business. Has been "馳名 trademark" for the first time by the Chinese government as a Japanese food manufacturer.

## 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.

## Future Venture Capital
- Type: VC Fund
- Location: Kyoto, Kyoto, Japan
- Relevant deals: 1
- 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.

## MUFG Bank
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Financial Services, Energy, Renewable Energy

MUFG Bank is Japan's largest bank. ; MUFG

## MT Partners
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Apps, Beauty, Energy

MT Partners provides real estate management and financial services.

## CyberAgent
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Internet, Advertising, Education

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

## Orient Corporation
- Type: VC Fund
- Location: Hatchobori, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Product Design, Management Consulting

Orient Corporation specializes in the sales and distribution of construction materials and information equipment.

## Innovation Network Corporation of Japan
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Manufacturing, Software, Robotics

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

## Sumitomo Mitsui Banking Corporation
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Financial Services, Finance, Information Technology

Sumitomo Mitsui Banking Corporation offers a broad range of financial services centered on banking. They are also engaged in leasing, securities, credit card, investment, mortgage securitization, venture capital, and other credit-related businesses. The following lists the activities of SMBC, its subsidiaries, and affiliates in the various businesssegments.It is a wholly-owned subsidiary of Sumitomo Mitsui Financial Group. As of the year 2009, SMBC was the second largest bank in Japan in terms of assets.

## TIS Japan
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series C, Seed
- Focus: Software, Information Technology, Artificial Intelligence

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

## Daiwa Corporate Investment
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Task Management, Software, Internet

Daiwa Corporate Investment is a private investment firm of Daiwa Securities Group that has been engaged in overseas VC investments by taking advantage of an extensive business network in Japan and foreign countries, long experience and professional knowledge, and by supporting the growth of a number of overseas portfolio companies and their stockexchange listings.

## MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- 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.

## 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.

## Kyodo News Digital
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Security, Artificial Intelligence

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

## 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.

## 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.

## ITOCHU Technology Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: E-Commerce, Software, Information Technology

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

## Light Street Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Series D, Secondary Market, Series C
- Focus: E-Commerce, Software, Transportation

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

## B Dash Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Internet, Information Technology, E-Commerce

B Dash Ventures does seed to late stage tech investments in Japan, Asia Pacific, and the U.S. LPs include Japan's largest technology companies and financial institutions including NTT Docomo, Mitsubishi UFJ Capital, GREE, NEC BIGLOBE, Fuji Television, and the Japanese government. B Dash Ventures also operates an incubation space inpartnership with Mori Building Co. and holds the invitation-based B Dash Camp conference.

## Dubai Electricity and Water Authority
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A

## Mandra Capital
- Type: VC Fund
- Location: Central, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Information Technology, Internet

Mandra Capital is an investment holding company focused on early stage and growth opportunities in internet, materials, pharmaceuticals and technologies. - See more at: https://www.crunchbase.com/organization/mandra-capital-2#sthash.OUzqU6qX.dpuf

## 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.

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