# DBJ Capital: portfolio, investments and team

> DBJ Capital is a government based in Japan. 56 investments on record, 7 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# DBJ Capital

Last cheque observed Oct 2026; 56 cheques on record.

Deploying now Government

Seed Series A Series B Connected-health Biopharma Healthier Living

Deploying now

**54%** of best year **7** **cheques in 12 months**, 56 on record

Since the last cheque **24** days **00** hrs **00** min **00** sec

Median round **$4.6M** Rounds led **1 of 56** Sole investor **8 rounds** Mostly in **Japan, 97%**

Pitch DBJ Capital

## DBJ Capital highlights

- 01 7 cheques in the last 12 months
- 02 Mostly Venture and Series A: 70% of its rounds
- 03 Sole investor in 8 rounds, median $5.2M

## What they do

> DBJ Capital is a venture capital firm that is 100% owned by Development Bank of Japan Inc. (DBJ). Translated from Japanese, from their own website

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Connected-health Biopharma Healthier Living
- **Based in:** Chiyoda, Japan
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **56 appearances**

- **2026** 5 rounds
- **Oct** **[MOT](https://millionrounds.com/company/mot)** JP · The Bridge **Undisclosed** *Led*
- **Jun** **[Arrowsmith](https://millionrounds.com/company/arrowsmith)** Series A · JP **$6.5M** With 3 others
- **Apr** **[Shonai](https://millionrounds.com/company/shonai)** Venture · JP **$1.3M** Sole investor
- **Mar** **[TL Genomics](https://millionrounds.com/company/tl-genomics)** Venture · JP **Undisclosed** With 2 others
- **Feb** **[Oceanic Constellations, Inc](https://millionrounds.com/company/oceanic-constellations-inc)** Series B · JP **$13M** With 3 others
- **2025** 8 rounds
- **Nov** **[Japan Cyber Defense](https://millionrounds.com/company/japan-cyber-defense)** Seed · JP **$6.5M** With 1 other
- **Nov** **[Fast Beauty](https://millionrounds.com/company/fast-beauty)** Series B · JP **$11M** With 1 other
- **Oct** **[Human Life Cord](https://millionrounds.com/company/human-life-cord)** Series C · JP **$5.0M** Sole investor
- **Oct** **[Human Life Cord](https://millionrounds.com/company/human-life-cord)** Series C · JP **$13M** Sole investor
- **Aug** **[Ageless](https://millionrounds.com/company/ageless)** Series A · JP **$3.8M** With 2 others
- **Mar** **[Creattura](https://millionrounds.com/company/creattura)** Series A · JP **$1.3M** With 3 others
- **Mar** **[Creatura](https://millionrounds.com/company/creatura)** Series A **$1.3M** With 3 others
- **Jan** **[DigitalArchi](https://millionrounds.com/company/digitalarchi)** Seed · JP **$2.3M** With 3 others
- **2024** 10 rounds
- **Dec** **[RadioNano Therapeutics](https://millionrounds.com/company/radionano-therapeutics)** Series A · JP **$955K** With 3 others
- **Nov** **[Conocer](https://millionrounds.com/company/conocer)** Series A · JP **$13M** With 2 others
- **Oct** **[Japan Carbon Cycle Lab](https://millionrounds.com/company/japan-carbon-cycle-lab)** Series A · JP **$2.7M** With 3 others
- **Sept** **[KAKEAI](https://millionrounds.com/company/kakeai)** Debt · JP **$3.8M** With 1 other
- **Sept** **[Recustomer](https://millionrounds.com/company/recustomer)** Series A · JP **$3.5M** With 4 others
- **Sept** **[DoctorMate](https://millionrounds.com/company/doctormate)** Series C · JP **$7.0M** With 2 others
- **Aug** **[EX4Energy](https://millionrounds.com/company/ex4energy)** Series A · JP **$2.4M** With 3 others
- **May** **[Non Brokers](https://millionrounds.com/company/non-brokers)** Venture · JP **$2.5M** With 2 others
- **May** **[On-chip Biotechnologies](https://millionrounds.com/company/on-chip-biotechnologies)** Venture · JP **$1.3M** With 1 other
- **Apr** **[PlusOne](https://millionrounds.com/company/plusone)** Venture · US **Undisclosed** Sole investor
- **2023** 2 rounds
- **Jun** **[Restore Vision, Inc.](https://millionrounds.com/company/restore-vision-inc)** Series A · JP · Firms' own news pages **$9.3M** With 7 others
- **Jan** **[Wakaze](https://millionrounds.com/company/wakaze)** Series B · JP **$7.7M** With 2 others
- **2022** 2 rounds
- **Sept** **[Spacely](https://millionrounds.com/company/spacely)** Series A · JP **$2.8M** With 2 others
- **Aug** **[Marketing Applications](https://millionrounds.com/company/marketing-applications)** Venture · JP **Undisclosed** With 1 other
- **2021** 4 rounds
- **Sept** **[Looop](https://millionrounds.com/company/looop)** Venture · JP **Undisclosed** With 4 others
- **Jul** **[mediVR](https://millionrounds.com/company/medivr)** Series B · JP **$4.6M** Sole investor
- **Jul** **[PeaceTecLab](https://millionrounds.com/company/peaceteclab)** Venture · JP **$21M** With 2 others
- **May** **[JCG](https://millionrounds.com/company/jcg)** Series B **$4.6M** With 3 others
- **2020** 9 rounds
- **Dec** **[KURASERU](https://millionrounds.com/company/kuraseru)** Venture **Undisclosed** With 2 others
- **Dec** **[LEAN BODY](https://millionrounds.com/company/lean-body)** Venture **$5.0M** With 2 others
- **Sept** **[Visasq](https://millionrounds.com/company/visasq)** Venture **Undisclosed** With 4 others
- **Sept** **[Aiforce Solutions](https://millionrounds.com/company/aiforce-solutions)** Series A **$2.5M** With 1 other
- **Jul** **[Alivas](https://millionrounds.com/company/alivas)** Series A **$1.8M** With 1 other
- **Jun** **[GVA TECH](https://millionrounds.com/company/gva-tech)** Seed **$2.8M** With 1 other
- **May** **[Photoruction](https://millionrounds.com/company/photoruction)** Venture **$5.3M** With 3 others
- **Apr** **[Ginco](https://millionrounds.com/company/ginco)** Venture **Undisclosed** With 1 other
- **Jan** **[Inner Resource](https://millionrounds.com/company/inner-resource)** Venture **Undisclosed** With 3 others

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 **2** 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.

## What they claim to have backed

From their own portfolio page (on their website)

**41** of 60 we have independently watched raise

[ClipLine㈱](https://millionrounds.com/company/clipline)[Contrea㈱](https://millionrounds.com/company/contrea)[EX4Energy㈱](https://millionrounds.com/company/ex4energy)[FastLabel㈱](https://millionrounds.com/company/fastlabel)[GVA TECH㈱](https://millionrounds.com/company/gva-tech)[Hmcomm㈱](https://millionrounds.com/company/hmcomm)[MyDearest㈱](https://millionrounds.com/company/mydearest)[Non Brokers㈱](https://millionrounds.com/company/non-brokers)[Plusone](https://millionrounds.com/company/plusone)[Recustomer㈱](https://millionrounds.com/company/recustomer)[Xenodata-lab](https://millionrounds.com/company/xenodata-lab)[forest㈱](https://millionrounds.com/company/forest)[ウェルスナビ㈱](https://millionrounds.com/company/wealthnavi)[クレアトゥラ㈱](https://millionrounds.com/company/creattura)[㈱Alivas](https://millionrounds.com/company/alivas)[㈱Arrowsmith](https://millionrounds.com/company/arrowsmith)[㈱DigitalArchi](https://millionrounds.com/company/digitalarchi)[㈱Facilo](https://millionrounds.com/company/facilo)[㈱Ginco](https://millionrounds.com/company/ginco)[㈱Holoway](https://millionrounds.com/company/holoway)[㈱JCG](https://millionrounds.com/company/jcg)[㈱JTOWER](https://millionrounds.com/company/jtower)[㈱KAKEAI](https://millionrounds.com/company/kakeai)[㈱KURASERU](https://millionrounds.com/company/kuraseru)[㈱LEAN BODY](https://millionrounds.com/company/lean-body)[㈱LexxPluss](https://millionrounds.com/company/lexxpluss)[㈱Looop](https://millionrounds.com/company/looop)[㈱MaaS Tech Japan](https://millionrounds.com/company/maas-tech-japan)[㈱NearMe](https://millionrounds.com/company/nearme)[㈱PRISM BioLab](https://millionrounds.com/company/prism-biolab)[㈱SHONAI](https://millionrounds.com/company/shonai)[㈱Shippio](https://millionrounds.com/company/shippio)[㈱Sprocket](https://millionrounds.com/company/sprocket)[㈱TL Genomics](https://millionrounds.com/company/tl-genomics)[㈱Timers](https://millionrounds.com/company/timers)[㈱WAKAZE](https://millionrounds.com/company/wakaze)[㈱mediVR](https://millionrounds.com/company/medivr)[㈱meleap](https://millionrounds.com/company/meleap)[㈱スマートバンク](https://millionrounds.com/company/smartbank)[㈱パワーレーザー](https://millionrounds.com/company/power-laser)[京都フュージョニアリング㈱](https://millionrounds.com/company/kyoto-fusioneering) Acall㈱ CYBERDYNE㈱ G-FACTORY㈱ Giasu Gitai HISHOH Biopharma㈱ MOSH㈱ Meltly㈱ REVISIO㈱ SOZOW㈱ TOPICO㈱ UPWARD㈱ へパリスファーマ㈱ アドイノベーション㈱ アリヴェクシス㈱ エルピクセル㈱ カプセルジャパン㈱ カルナバイオサイエンス㈱ クリングルファーマ㈱ and 79 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Series B

Median round joined **$4.6M** the round, not its cheque Alone, median **$5.2M**

Led 1 of 56 rounds **2%**

- **Sole investor:** 8 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *23*
- Series A said *14*
- Seed said *5*
- Series B said *5*
- Series C *4*
- Debt *2*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) 11
- [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) 8
- [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) 7
- [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) 6
- [ANRI](https://millionrounds.com/fund/anri) 5
- [Archetype](https://millionrounds.com/fund/archetype) 4

**Pitching DBJ Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

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

[**SMBC Venture Capital** Investment bank **11** rounds together](https://millionrounds.com/fund/smbc-venture-capital-2)[**Mitsubishi UFJ Capital** VC firm **8** rounds together](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)[**Mizuho Capital** VC firm **7** rounds together](https://millionrounds.com/fund/mizuho-capital)[**Global Brain Corporation** VC firm **6** rounds together](https://millionrounds.com/fund/global-brain-corporation)[**ANRI** VC firm **5** rounds together](https://millionrounds.com/fund/anri)[**Archetype** VC firm **4** rounds together](https://millionrounds.com/fund/archetype)[**Nippon Venture Capital** Corporate VC **4** rounds together](https://millionrounds.com/fund/nippon-venture-capital)[**DNX Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/dnx-ventures-us)[**Genesia Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/genesia-ventures)[**IVC** VC firm **3** rounds together](https://millionrounds.com/fund/ivc)[**Keio Innovation Initiative** VC firm **3** rounds together](https://millionrounds.com/fund/keio-innovation-initiative-inc)[**Nissay Capital** VC firm **3** rounds together](https://millionrounds.com/fund/nissay-capital)

## Recently backed

The latest companies DBJ Capital put money into.

[**MOT** Oct 2026](https://millionrounds.com/company/mot)[**Shonai** $1.3M · Apr 2026](https://millionrounds.com/company/shonai)[**TL Genomics** Mar 2026](https://millionrounds.com/company/tl-genomics)[**Oceanic Constellations, Inc** $13M · Feb 2026](https://millionrounds.com/company/oceanic-constellations-inc)[**Creattura** $1.3M · Mar 2025](https://millionrounds.com/company/creattura)[**DigitalArchi** $2.3M · Jan 2025](https://millionrounds.com/company/digitalarchi)

## Quick answers about DBJ Capital

### What does DBJ Capital invest in?

DBJ Capital invests most often at Venture and Series A (70% of the rounds on record), in sectors such as Connected-health, Biopharma and Healthier Living.

### How active is DBJ Capital?

56 investments on record, 7 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has DBJ Capital invested in recently?

Its most recent investments on record: MOT (Oct 2026), Arrowsmith (Series A, Jun 2026) and Shonai (Venture, Apr 2026).

### How big are DBJ Capital's cheques?

The median round it joins is $4.6M.

### Does DBJ Capital lead rounds?

Sometimes: it led 1 of its 56 investments on record (2%).

### Where does DBJ Capital invest?

Most of the companies it backs are in Japan (97%).

### Is DBJ Capital investing now?

Yes: it is actively investing, with 7 investments in the last 12 months.

### Who does DBJ Capital invest alongside?

Most often SMBC Venture Capital (11 rounds together), Mitsubishi UFJ Capital (8 rounds together) and Mizuho Capital (7 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=dbj-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=dbj-capital)