# DNX Ventures: portfolio, investments and team

> DNX Ventures is a vc firm based in United States. 149 investments on record, 28 in the last 12 months, latest Sept 2026.

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

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

# DNX Ventures

Last cheque observed Sep 2026; 149 cheques on record.

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Deploying now VC firm

Pre-seed Seed Series A Smb Small And Medium Business B2b2c

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Deploying now

**70%** of best year **28** **cheques in 12 months**, 149 on record

Since the last cheque **43** days **00** hrs **00** min **00** sec

Median round **$5.0M** Cheque size, as they say **$1.0M – $5.0M** Rounds led **2 of 149** Sole investor **11 rounds** Mostly in **United States, 54%**

Pitch DNX Ventures

## DNX Ventures highlights

- 01 28 cheques in the last 12 months
- 02 Mostly Seed and Series A: 54% of its rounds
- 03 Sole investor in 11 rounds, median $1.0M

## What they do

> DNX Ventures is a venture capital fund investing in B2B startups, primarily in the U.S. and Japanese markets, with offices in Tokyo and Silicon Valley since 2011. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** Smb Small And Medium Business B2b2c
- **Based in:** San Mateo, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **149 appearances**

- **2026** 20 rounds
- **Sept** **MIND** Series B · US · Ventureburn **$72M** With 4 others
- **Sept** **[YESOD](https://millionrounds.com/company/yesod)** Venture · JP **$4.2M** With 1 other
- **Aug** **[HERP](https://millionrounds.com/company/herp)** Series C · JP **$12M** With 3 others
- **Jul** **[Klean Technologies](https://millionrounds.com/company/klean-technologies)** Seed · AU · Startup Daily **$725K** *Led*
- **Jul** **[Banzai](https://millionrounds.com/company/banzai)** US **$900K** With 3 others
- **Jul** **[Empirical Security](https://millionrounds.com/company/empirical-security)** Series A · US **$25M** With 1 other
- **Jul** **[ESGagent.ai](https://millionrounds.com/company/esgagent-ai)** Seed **$311K** Sole investor
- **Jul** **[LAMP Japan](https://millionrounds.com/company/lamp-japan)** Series A · JP **$2.2M** With 4 others
- **Jun** **[Hiway](https://millionrounds.com/company/hiway)** Series A · FR **$1.9M** With 2 others
- **May** **[CheckInn](https://millionrounds.com/company/checkinn)** Series A · JP **$1.3M** With 1 other
- **Apr** **[Anvil Robotics](https://millionrounds.com/company/anvil-robotics)** Seed · US **$5.5M** With 2 others
- **Apr** **[TableCheck](https://millionrounds.com/company/tablecheck)** Venture · JP **Undisclosed** With 3 others
- **Apr** **[Favy](https://millionrounds.com/company/favy)** Venture · JP **Undisclosed** With 3 others
- **Mar** **[Asterminds](https://millionrounds.com/company/asterminds)** Seed · JP **$697K** With 1 other
- **Mar** **[ElastixAI](https://millionrounds.com/company/elastixai)** Venture · US **Undisclosed** With 3 others
- **Feb** **[InsightX](https://millionrounds.com/company/insightx)** Series A · JP **$1.3M** With 1 other
- **Jan** **[Neurophos](https://millionrounds.com/company/neurophos)** Series A · US · Firms' own news pages **$110M** With 15 others
- **Jan** **[Spangle](https://millionrounds.com/company/spangle)** Series A · US · TechCrunch **$15M** With 3 others
- **Jan** **[Ammobia](https://millionrounds.com/company/ammobia)** Seed · US **$7.5M** With 3 others
- **Jan** **[Pull Logic](https://millionrounds.com/company/pull-logic)** Seed · US **$3.3M** Sole investor
- **2025** 37 rounds
- **Dec** **[Ghost Security](https://millionrounds.com/company/ghost-security)** Seed · US **$5.0M** With 3 others
- **Dec** **[Nehan](https://millionrounds.com/company/nehan)** Seed · JP **$1.0M** With 4 others
- **Dec** **[SImount](https://millionrounds.com/company/simount)** Series B · JP **$3.5M** With 2 others
- **Nov** **[Zeligate](https://millionrounds.com/company/zeligate)** Seed · AU · Startup Daily **$500K** *Led*
- **Nov** **[SecureNavi](https://millionrounds.com/company/securenavi)** Series B · JP **$7.8M** With 4 others
- **Nov** **[Paystand](https://millionrounds.com/company/paystand)** Venture · US **$285K** With 5 others
- **Nov** **[Ecolectro](https://millionrounds.com/company/ecolectro)** US **$2.3M** With 4 others
- **Nov** **[SOC Prime](https://millionrounds.com/company/soc-prime)** Venture · US · Angel One **Undisclosed** With 5 others
- **Oct** **[Shippio](https://millionrounds.com/company/shippio)** Series C · JP **$12M** With 5 others
- **Oct** **[Movandi](https://millionrounds.com/company/movandi)** Venture · US **$40M** With 4 others
- **Sept** **[Commune](https://millionrounds.com/company/commune)** Series C · US **$37M** With 2 others
- **Sept** **[Commune](https://millionrounds.com/company/commune)** Series C · US **$27M** With 1 other
- **Sept** **[Straya](https://millionrounds.com/company/straya)** Seed · JP **$679K** Sole investor
- **Sept** **[ROMS](https://millionrounds.com/company/roms)** Venture · JP **$8.8M** With 1 other
- **Sept** **[Tres Alchemix](https://millionrounds.com/company/tres-alchemix)** Series A · JP **$4.4M** Sole investor
- **Aug** **[ScaleBase](https://millionrounds.com/company/scalebase)** Venture · US **$17M** With 1 other
- **Jul** **[Auriga Space](https://millionrounds.com/company/auriga-space)** Seed · US · TechCrunch **$4.6M** With 3 others
- **Jul** **[Banzai](https://millionrounds.com/company/banzai)** Debt · US **$11M** With 2 others
- **Jul** **[Hubble](https://millionrounds.com/company/hubble)** Series B · US **$5.5M** With 5 others
- **Jul** **[Empirical Security](https://millionrounds.com/company/empirical-security)** Seed · US **$12M** With 1 other

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

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

AK **Akira Kurabayashi** Member i Form ADV

HM **Hironubo Maeda** Member i Form ADV

MK **Mitch Kitamura** Manager i Form ADV

QM **Quaeed Motiwala** Manager i Form ADV

TN **Tetsu Nakagaki** Member i Form ADV

We also hold **10** 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 the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$846M** gross assets of its funds, 7 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** DNX III, LLC
- **SEC number:** CRD 301664

## The cheque

Pre-seed Seed Series A

Median round joined **$5.0M** the round, not its cheque Alone, median **$1.0M**

Led 2 of 149 rounds **1%**

- **Said size:** $1.0M – $5.0M
- **Sole investor:** 11 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *40*
- Series A said *35*
- Venture *34*
- Series B said *20*
- Debt *6*
- Series C *5*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) 14
- [Archetype](https://millionrounds.com/fund/archetype) 13
- [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) 13
- [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) 13
- [ANRI](https://millionrounds.com/fund/anri) 12
- [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) 10

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

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## Who they invest alongside

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

[**Mizuho Capital** VC firm **14** rounds together](https://millionrounds.com/fund/mizuho-capital)[**Archetype** VC firm **13** rounds together](https://millionrounds.com/fund/archetype)[**Mitsubishi UFJ Capital** VC firm **13** rounds together](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)[**SMBC Venture Capital** Investment bank **13** rounds together](https://millionrounds.com/fund/smbc-venture-capital-2)[**ANRI** VC firm **12** rounds together](https://millionrounds.com/fund/anri)[**Salesforce Ventures** Corporate VC **10** rounds together](https://millionrounds.com/fund/salesforce-ventures)[**Delight Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/delight-ventures-2)[**Gaingels** Private equity **7** rounds together](https://millionrounds.com/fund/gaingels)[**Japan Finance Corporation** Investment firm **6** rounds together](https://millionrounds.com/fund/japan-finance-corporation)[**East Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/east-ventures)[**IVC** VC firm **5** rounds together](https://millionrounds.com/fund/ivc)[**JAFCO** Company **5** rounds together](https://millionrounds.com/fund/jafco)

## Recently backed

The latest companies DNX Ventures put money into.

[**Banzai** $900K · Jul 2026](https://millionrounds.com/company/banzai)[**Empirical Security** $25M · Jul 2026](https://millionrounds.com/company/empirical-security)[**LAMP Japan** $2.2M · Jul 2026](https://millionrounds.com/company/lamp-japan)[**Hiway** $1.9M · Jun 2026](https://millionrounds.com/company/hiway)[**CheckInn** $1.3M · May 2026](https://millionrounds.com/company/checkinn)[**Anvil Robotics** $5.5M · Apr 2026](https://millionrounds.com/company/anvil-robotics)

## Quick answers about DNX Ventures

### What does DNX Ventures invest in?

DNX Ventures invests most often at Seed and Series A (54% of the rounds on record), in sectors such as Smb, Small And Medium Business and B2b2c.

### How active is DNX Ventures?

149 investments on record, 28 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has DNX Ventures invested in recently?

Its most recent investments on record: MIND (Series B, Sept 2026), YESOD (Venture, Sept 2026) and HERP (Series C, Aug 2026).

### How big are DNX Ventures's cheques?

The median round it joins is $5.0M. It says it writes cheques of $1.0M to $5.0M.

### Does DNX Ventures lead rounds?

Sometimes: it led 2 of its 149 investments on record (1%).

### Where does DNX Ventures invest?

Most of the companies it backs are in the United States (54%), Japan (38%) and Australia (5%).

### Is DNX Ventures investing now?

Yes: it is actively investing, with 28 investments in the last 12 months.

### Who does DNX Ventures invest alongside?

Most often Mizuho Capital (14 rounds together), Archetype (13 rounds together) and Mitsubishi UFJ Capital (13 rounds together).

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