# MugenUp funding: rounds and investors > MugenUp has raised $1.3M across 3 rounds since 2011. Investors include Incubate Fund, SMBC Venture Capital and Nissay Capital. Every round with its source. Source: https://millionrounds.com/company/mugenup (Millionrounds; every figure on the page links to its filing or article) Japan · [Venture startup](https://millionrounds.com/companies) # Who invested in *MugenUp* 3 rounds we have observed, with the 4 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. Advanced Manufacturing Funding summary Updated 26 Oct 2026 **$1.3M** raised across 3 rounds since 2011, from 3 sources - **Latest round:** Venture May 2016 - **Biggest round:** $1.3M Series B · Aug 2013 - **Investors:** 4 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. 2012 2013 2014 2015 2016 **?** Seed **$1.3M** Series B **?** Venture - **First round:** Seed - **Biggest round:** $1.3M - **Usual gap between rounds:** 2.7 years ## The rounds - **May 2016** Venture **Amount undisclosed** *2 new* *1 returning* [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) [Incubate Fund](https://millionrounds.com/fund/incubate-fund) [Nissay Capital](https://millionrounds.com/fund/nissay-capital) Also list them on their own site [TBS Innovation Par...](https://millionrounds.com/fund/tbs-innovation-par) Source recorded - **Aug 2013** Series B **$1.3M** *1 new* [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital) Reported by startup-dating.com - **Dec 2011** Seed **Amount undisclosed** *1 new* [Incubate Fund](https://millionrounds.com/fund/incubate-fund) From a historical funding record ## 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. **Seed** 2011 **Series B** 2013 **Venture** 2016 [Incubate Fund](https://millionrounds.com/fund/incubate-fund) [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) [Nissay Capital](https://millionrounds.com/fund/nissay-capital) [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital) ## Everyone who backed them [Incubate Fund](https://millionrounds.com/fund/incubate-fund) VC firm **2** rounds [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) Investment bank **1** round [Nissay Capital](https://millionrounds.com/fund/nissay-capital) VC firm **1** round [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mugenup). ## Also claim to have backed them This firm lists MugenUp 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. [TBS Innovation Par...](https://millionrounds.com/fund/tbs-innovation-par) VC firm 2016, per its site ## Quick answers about MugenUp ### Who invested in MugenUp? MugenUp's investors include Incubate Fund, SMBC Venture Capital, Nissay Capital and SMBC Venture Capital. ### How much has MugenUp raised? MugenUp has raised $1.3M across 3 rounds since 2011. 2 rounds did not disclose an amount, so the total is a floor. ### When did MugenUp last raise? MugenUp's most recent round was a Venture in May 2016. ### What was MugenUp's biggest round? MugenUp's largest round on record is $1.3M (Series B), in Aug 2013. ### Who backed MugenUp first? MugenUp's first round on record, in Dec 2011, was backed by Incubate Fund. ### What stage is MugenUp at? MugenUp's latest named round is a Venture, in May 2016. ### Where is MugenUp based? MugenUp is based in Japan. ## Companies like MugenUp In the same sector, and raised in the last eighteen months. [**bestat** $20M · Jul 2026](https://millionrounds.com/company/bestat)[**Malme** $1.2M · Jun 2026](https://millionrounds.com/company/malme)[**Instalimb** $7.3M · May 2026](https://millionrounds.com/company/instalimb)[**OpenHeart** $1.4M · May 2026](https://millionrounds.com/company/openheart)[**Gant** $755K · Jan 2026](https://millionrounds.com/company/gant)[**MUJIN** $374M · Dec 2025](https://millionrounds.com/company/mujin) ## 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