# EX-Fusion funding: rounds and investors > EX-Fusion has raised $5.2M across 2 rounds since 2025. Investors include Mitsubishi UFJ Capital, Mizuho Capital and Nissay Capital. Every round with its source. Source: https://millionrounds.com/company/ex-fusion (Millionrounds; every figure on the page links to its filing or article) Japan · [Funded startup](https://millionrounds.com/companies) # Who invested in *EX-Fusion* 2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Cleantech Raised 2 months ago Funding summary Updated 26 Oct 2026 **$5.2M** raised across 2 rounds since 2025, from 2 sources **$2.6M** Series A **$2.6M** Grant - **Latest round:** Grant, $2.6M Sept 2026 - **Investors:** 6 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$2.6M** Series A **$2.6M** Grant - **First round:** Series A, $2.6M - **Biggest round:** $2.6M - **Between rounds:** 11 months ## The rounds - **Sept 2026** Grant **$2.6M** *1 new* *4 returning* [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) [Nissay Capital](https://millionrounds.com/fund/nissay-capital) [ANRI](https://millionrounds.com/fund/anri) Source recorded - **Oct 2025** Series A **$2.6M** *5 new* [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) [Nissay Capital](https://millionrounds.com/fund/nissay-capital) [ANRI](https://millionrounds.com/fund/anri) [Delight Ventures](https://millionrounds.com/fund/delight-ventures-2) Source recorded ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2025 **Grant** 2026 [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) [Nissay Capital](https://millionrounds.com/fund/nissay-capital) [ANRI](https://millionrounds.com/fund/anri) [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) [Delight Ventures](https://millionrounds.com/fund/delight-ventures-2) ## Everyone who backed them [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) VC firm **2** rounds [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) VC firm **2** rounds [Nissay Capital](https://millionrounds.com/fund/nissay-capital) VC firm **2** rounds [ANRI](https://millionrounds.com/fund/anri) VC firm **2** rounds [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) Investment bank **1** round [Delight Ventures](https://millionrounds.com/fund/delight-ventures-2) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ex-fusion). ## Also claim to have backed them This firm lists EX-Fusion as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Miyako Capital](https://millionrounds.com/fund/miyako-capital) VC firm Per its own site ## Quick answers about EX-Fusion ### Who invested in EX-Fusion? EX-Fusion's investors include Mitsubishi UFJ Capital, Mizuho Capital, Nissay Capital, ANRI and SMBC Venture Capital, and 1 more on record. ### How much has EX-Fusion raised? EX-Fusion has raised $5.2M across 2 rounds since 2025. ### When did EX-Fusion last raise? EX-Fusion's most recent round was a Grant of $2.6M in Sept 2026. ### What was EX-Fusion's biggest round? Its most recent round, $2.6M in Sept 2026, is also its largest on record. ### Who backed EX-Fusion first? EX-Fusion's first round on record, in Oct 2025, was backed by Mitsubishi UFJ Capital, Mizuho Capital and Nissay Capital and 2 others. ### What stage is EX-Fusion at? EX-Fusion's latest named round is a Grant, in Sept 2026. ### Where is EX-Fusion based? EX-Fusion is based in Japan. ## Companies like EX-Fusion In the same sector, and raised in the last eighteen months. [**Esa** $7.3M · Oct 2026](https://millionrounds.com/company/esa)[**ASTRA FOOD PLAN** $5.9M · Oct 2026](https://millionrounds.com/company/astra-food-plan)[**Helical Fusion** $43M · Oct 2026](https://millionrounds.com/company/helical-fusion)[**Kyoto Fusioneering** $1.3B · Aug 2026](https://millionrounds.com/company/kyoto-fusioneering)[**Beam Technologies** Jun 2026](https://millionrounds.com/company/beam-technologies)[**Clean Energy Connect** $146M · May 2026](https://millionrounds.com/company/clean-energy-connect) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app