# The Ethical Spirits funding: rounds and investors

> The Ethical Spirits has raised $2.7M across 1 round since 2024. Investors include SMBC Venture Capital and Beyond Next Ventures. Every round with its source.

Source: https://millionrounds.com/company/the-ethical-spirits (Millionrounds; every figure on the page links to its filing or article)

Japan · [Venture startup](https://millionrounds.com/companies)

# Who invested in *The Ethical Spirits*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

E-commerce

Funding summary Updated 26 Oct 2026

**$2.7M** raised across 1 round since 2024, from 1 source

- **Latest round:** Venture, $2.7M Sept 2024
- **Investors:** 2

See who backed them

## The rounds

- **Sept 2024** Venture **$2.7M** [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) [Beyond Next Ventures](https://millionrounds.com/fund/beyond-next-ventures-inc) Source recorded

## Everyone who backed them

[SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) Investment bank **1** round

[Beyond Next Ventures](https://millionrounds.com/fund/beyond-next-ventures-inc) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=the-ethical-spirits).

## Quick answers about The Ethical Spirits

### Who invested in The Ethical Spirits?

The Ethical Spirits's investors include SMBC Venture Capital and Beyond Next Ventures.

### How much has The Ethical Spirits raised?

The Ethical Spirits has raised $2.7M across 1 round since 2024.

### When did The Ethical Spirits last raise?

The Ethical Spirits's most recent round was a Venture of $2.7M in Sept 2024.

### What was The Ethical Spirits's biggest round?

Its most recent round, $2.7M in Sept 2024, is also its largest on record.

### Who backed The Ethical Spirits first?

The Ethical Spirits's first round on record, in Sept 2024, was backed by SMBC Venture Capital and Beyond Next Ventures.

### What stage is The Ethical Spirits at?

The Ethical Spirits's latest named round is a Venture, in Sept 2024.

### Where is The Ethical Spirits based?

The Ethical Spirits is based in Japan.

## Companies like The Ethical Spirits

In the same sector, and raised in the last eighteen months.

[**Beer and Tech** $8.8M · Jul 2026](https://millionrounds.com/company/beer-and-tech)[**Forest** $43M · May 2026](https://millionrounds.com/company/forest)[**Kuradashi** $1.8M · May 2026](https://millionrounds.com/company/kuradashi)[**Caguuu** $9.6M · Dec 2025](https://millionrounds.com/company/caguuu)[**Grooves** $9.9M · Nov 2025](https://millionrounds.com/company/grooves)[**Anatae** $1.8M · Jul 2025](https://millionrounds.com/company/anatae)

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