Who invested in MugenUp?
MugenUp's investors include Incubate Fund, SMBC Venture Capital, Nissay Capital and SMBC Venture Capital.

Japan · Venture startup
Funding summaryUpdated 26 Oct 2026
$1.3Mraised across 3 rounds since 2011, from 3 sources
Each circle is a round, placed by date and sized by amount. The line above is the running total.
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Source recorded
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
MugenUp's investors include Incubate Fund, SMBC Venture Capital, Nissay Capital and SMBC Venture Capital.
MugenUp has raised $1.3M across 3 rounds since 2011. 2 rounds did not disclose an amount, so the total is a floor.
MugenUp's most recent round was a Venture in May 2016.
MugenUp's largest round on record is $1.3M (Series B), in Aug 2013.
MugenUp's first round on record, in Dec 2011, was backed by Incubate Fund.
MugenUp's latest named round is a Venture, in May 2016.
MugenUp is based in Japan.
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