# Cool Japan Fund: portfolio, investments and team

> Cool Japan Fund is a government based in Japan. 8 investments on record, 2 in the last 12 months, latest Apr 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/cool-japan-fund (Millionrounds; every figure on the page links to its filing or article)

Japan · [Investor](https://millionrounds.com/investors)

# Cool Japan Fund

Last cheque observed Apr 2026; 8 cheques on record.

Email

Government Deploying now

Seed Series A Series B Civictech Civic Tech Gov Tech

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Deploying now

**67%** of best year **2** **cheques in 12 months**, 8 on record

Since the last cheque **220** days **00** hrs **00** min **00** sec

Median round **$17M** Rounds led **2 of 8** Sole investor **4 rounds** Mostly in **Singapore, 25%**

Pitch Cool Japan Fund

## Cool Japan Fund highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series C and Growth: 71% of its rounds
- 03 Sole investor in 4 rounds, median $12M

## What they do

> It was established in November 2013 as a public-private fund based on law. Translated from Japanese, from their own website

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Civictech Civic Tech Gov Tech
- **Based in:** Minato, Japan
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 2 rounds
- **Apr** **[PolicyStreet](https://millionrounds.com/company/policystreet)** Series C · MY · Ventureburn **$21M** *Led*
- **Jan** **[Buy&Ship](https://millionrounds.com/company/buy-and-ship)** Series C · HK · Firms' own news pages **$12M** With 6 others
- **2025** 1 round
- **Nov** **[Coolmate](https://millionrounds.com/company/coolmate)** Series C · VN · Firms' own news pages **Undisclosed** With 4 others
- **2024** 1 round
- **Dec** **[Funding Societies](https://millionrounds.com/company/funding-societies)** Growth · SG · TechCrunch **$25M** *Led*
- **2019** 2 rounds
- **Jul** **[Winc](https://millionrounds.com/company/winc)** US · Thebridge **$10M** Sole investor
- **Apr** **[Clozette](https://millionrounds.com/company/clozette)** Series C · SG · FinSMEs **$10M** Sole investor
- **2018** 1 round
- **Oct** **[Tastemade](https://millionrounds.com/company/tastemade)** Series E · US · Variety **$35M** With 8 others
- **2014** 1 round
- **Sept** **[Tokyo Otaku Mode](https://millionrounds.com/company/tokyo-otaku-mode)** Series B · JP **$14M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Seed Series A Series B

Median round joined **$17M** the round, not its cheque Alone, median **$12M**

Led 2 of 8 rounds **25%**

- **Sole investor:** 4 rounds
- **Last cheque:** Apr 2026

Rounds by stage said on their site

- Series C *4*
- Growth said *1*
- Series B said *1*
- Series E *1*
- Seed said *-*
- Series A said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Altara Ventures](https://millionrounds.com/fund/altara-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Cool Japan Fund. A count of rooms they were both in, not a relationship either has claimed.

[**Altara Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/altara-ventures)

## Recently backed

The latest companies Cool Japan Fund put money into.

[**PolicyStreet** $21M · Apr 2026](https://millionrounds.com/company/policystreet)[**Coolmate** Nov 2025](https://millionrounds.com/company/coolmate)[**Funding Societies** $25M · Dec 2024](https://millionrounds.com/company/funding-societies)

## Mentioned on podcasts

Episodes that name Cool Japan Fund in their description, not their title.

- [The On Call with Insignia](https://millionrounds.com/podcasts/on-call-insignia) 4 Jun 2026 · 29 min Konvy CEO & Co-Founder QingGui Huang on Matchmaking Quality Beauty Brands to the Global Market Mentions [Cool Japan Fund](https://millionrounds.com/fund/cool-japan-fund) Apple PodcastsShow page

## Quick answers about Cool Japan Fund

### What does Cool Japan Fund invest in?

Cool Japan Fund invests most often at Series C and Growth (71% of the rounds on record), in sectors such as Civictech, Civic Tech and Gov Tech.

### How active is Cool Japan Fund?

8 investments on record, 2 of them in the last 12 months, and it led 2. The most recent was in Apr 2026.

### What has Cool Japan Fund invested in recently?

Its most recent investments on record: PolicyStreet (Series C, Apr 2026), Buy&Ship (Series C, Jan 2026) and Coolmate (Series C, Nov 2025).

### How big are Cool Japan Fund's cheques?

The median round it joins is $17M.

### Does Cool Japan Fund lead rounds?

Yes: it led 2 of its 8 investments on record (25%).

### Where does Cool Japan Fund invest?

Most of the companies it backs are in Singapore (25%), the United States (25%) and Malaysia (13%).

### Is Cool Japan Fund investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Cool Japan Fund invest alongside?

Most often Altara Ventures (2 rounds together).

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