# Drone Fund: portfolio, investments and team

> Drone Fund is a vc firm based in Japan. 41 investments on record, 8 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# Drone Fund

Last cheque observed Sep 2026; 41 cheques on record.

Email

Deploying now VC firm

Seed Series A Series B Robotics Drones Dronetech

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Deploying now

**67%** of best year **8** **cheques in 12 months**, 41 on record

Since the last cheque **61** days **00** hrs **00** min **00** sec

Median round **$3.2M** Rounds led **0 of 41** Sole investor **9 rounds** Mostly in **Japan, 71%**

Pitch Drone Fund

## Drone Fund highlights

- 01 8 cheques in the last 12 months
- 02 Mostly Venture and Seed: 66% of its rounds
- 03 Sole investor in 9 rounds, median $1.7M

## What they do

> Drone Fund is a venture capital firm specializing in drones. Translated from Japanese, from their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Robotics Drones Dronetech
- **Based in:** Tokyo, Japan
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **41 appearances**

- **2026** 6 rounds
- **Sept** **[Eight Knot](https://millionrounds.com/company/eight-knot)** Series A · JP **$2.9M** With 3 others
- **Sept** **[LOMBY](https://millionrounds.com/company/lomby)** Series A · JP **$2.5M** With 1 other
- **Sept** **[Sunflower Labs](https://millionrounds.com/company/sunflower-labs)** Venture · US **$15M** With 3 others
- **Jun** **[AIsing](https://millionrounds.com/company/aising)** Venture · JP **Undisclosed** With 1 other
- **Apr** **[Prodrone](https://millionrounds.com/company/prodrone)** Venture · JP **Undisclosed** With 1 other
- **Jan** **[SORA Technology](https://millionrounds.com/company/sora-technology)** Seed · JP · TechCabal **$2.5M** With 6 others
- **2025** 9 rounds
- **Nov** **[Flights](https://millionrounds.com/company/flights)** Series A · JP **$2.5M** With 5 others
- **Nov** **[Sunflower Labs](https://millionrounds.com/company/sunflower-labs)** Series B · US **$16M** With 3 others
- **Sept** **[AGRIST](https://millionrounds.com/company/agrist)** Venture · JP **Undisclosed** With 2 others
- **Jul** **[RICOS](https://millionrounds.com/company/ricos)** Venture · JP **$4.0M** With 3 others
- **Jul** **[Civ Robotics](https://millionrounds.com/company/civ-robotics)** Series A · US **$7.5M** With 5 others
- **Jul** **[Metro Weather](https://millionrounds.com/company/metro-weather)** Series B · JP **$5.7M** With 4 others
- **Mar** **[Triorb](https://millionrounds.com/company/triorb)** Debt · JP **$3.3M** With 2 others
- **Mar** **[Valtec](https://millionrounds.com/company/valtec)** Pre-seed · US **$2.0M** With 1 other
- **Jan** **[ANSeen](https://millionrounds.com/company/anseen)** Series C · JP **$3.2M** With 3 others
- **2024** 9 rounds
- **Dec** **[Wingcopter](https://millionrounds.com/company/wingcopter)** Secondary · DE **$9.4M** With 1 other
- **Dec** **[Proxima Technology](https://millionrounds.com/company/proxima-technology)** Series A · JP **$2.0M** With 1 other
- **Dec** **[Terra Labo](https://millionrounds.com/company/terra-labo)** Venture · JP **Undisclosed** With 2 others
- **Oct** **[LOMBY](https://millionrounds.com/company/lomby)** Seed · JP **$1.9M** Sole investor
- **Oct** **[Eight Knot](https://millionrounds.com/company/eight-knot)** Seed · JP **$3.8M** With 2 others
- **Aug** **[CuboRex](https://millionrounds.com/company/cuborex)** Series A · JP **$1.7M** Sole investor
- **Mar** **[AIsing](https://millionrounds.com/company/aising)** Venture · JP **Undisclosed** With 1 other
- **Mar** **[Nileworks](https://millionrounds.com/company/nileworks)** Series C · JP **$38M** Sole investor
- **Feb** **[Nature Architects](https://millionrounds.com/company/nature-architects)** Series B · JP **$34K** With 1 other
- **2023** 3 rounds
- **Aug** **[Liberaware](https://millionrounds.com/company/liberaware)** Venture · JP **$8.1M** Sole investor
- **Jun** **[Agri Info Design](https://millionrounds.com/company/agri-info-design)** Series B · JP **$4.1M** With 3 others
- **Feb** **[Arpac Drones](https://millionrounds.com/company/arpac-drones)** Venture · BR **Undisclosed** With 1 other
- **2022** 4 rounds
- **Nov** **[AVSS](https://millionrounds.com/company/avss)** Seed · CA **$500K** With 1 other
- **Sept** **[Japan Wind Tunnel Manufacturing](https://millionrounds.com/company/japan-wind-tunnel-manufacturing)** Venture · JP **$4.4M** With 2 others
- **Jun** **[Tetra Aviation](https://millionrounds.com/company/tetra-aviation)** Venture · JP **$3.3M** With 2 others
- **Mar** **[Dotterel Technologies](https://millionrounds.com/company/dotterel-technologies)** Venture · NZ **$3.0M** With 4 others
- **2021** 2 rounds
- **May** **[Japan Infra Waymark](https://millionrounds.com/company/japan-infra-waymark)** Venture **Undisclosed** Sole investor
- **Jan** **[KAMOMEYA](https://millionrounds.com/company/kamomeya)** Venture **Undisclosed** With 2 others
- **2020** 3 rounds
- **Nov** **[ALI Technologies](https://millionrounds.com/company/ali-technologies)** Venture **Undisclosed** With 1 other
- **Mar** **[SkyX](https://millionrounds.com/company/skyx)** Venture · SG **Undisclosed** Sole investor
- **Jan** **[DroneFutureAviation](https://millionrounds.com/company/dronefutureaviation)** Seed **$916K** Sole investor
- **2019** 3 rounds
- **Nov** **[Skymatix](https://millionrounds.com/company/skymatix)** Venture **$922K** Sole investor
- **Sept** **[SkyDrive](https://millionrounds.com/company/skydrive)** JP · Thebridge **$14M** With 3 others
- **Mar** **[Trajectory](https://millionrounds.com/company/trajectory)** Venture · US **$1.1M** With 3 others
- **2018** 1 round
- **Jan** **[Autonomous Control Systems Laboratory](https://millionrounds.com/company/autonomous-control-systems-laboratory)** Venture **$19M** 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.

## What they claim to have backed

From their own portfolio page (on their website)

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

[Aerodyne](https://millionrounds.com/company/aerodyne)[Aeronext](https://millionrounds.com/company/aeronext)[Agri-info-design](https://millionrounds.com/company/agri-info-design)[Anseen](https://millionrounds.com/company/anseen)[Avss](https://millionrounds.com/company/avss)[Dotterel](https://millionrounds.com/company/dotterel)[Dronedeploy](https://millionrounds.com/company/dronedeploy)[Dronefutureaviation](https://millionrounds.com/company/dronefutureaviation)[Fulldepth](https://millionrounds.com/company/fulldepth)[Hidden Level,](https://millionrounds.com/company/hidden-level)[Lexxpluss](https://millionrounds.com/company/lexxpluss)[Liberaware](https://millionrounds.com/company/liberaware)[Lomby](https://millionrounds.com/company/lomby)[Matternet, Inc 都市型医療品ドローン配送サービスを提供](https://millionrounds.com/company/matternet)[Metroweather](https://millionrounds.com/company/metro-weather)[Nature Architects 株式会社](https://millionrounds.com/company/nature-architects)[Nileworks](https://millionrounds.com/company/nileworks)[Sensyn-robotics](https://millionrounds.com/company/sensyn-robotics)[Skymatix](https://millionrounds.com/company/skymatix)[Sora-technology](https://millionrounds.com/company/sora-technology)[Sunflower-labs](https://millionrounds.com/company/sunflower-labs)[Terra-labo](https://millionrounds.com/company/terra-labo)[Tetra-aviation](https://millionrounds.com/company/tetra-aviation)[Wingcopter](https://millionrounds.com/company/wingcopter)[株式会社TriOrb 全方向移動機構を活用した搬送ロボットの開発 公式サイトへ](https://millionrounds.com/company/triorb) 8kt Aiocore Alva Industries AS Aptechnology Arpacbrasil BIRD INITIATIVE 株式会社 Blue-i Civ Robotics Technologies, Corp Dron-e-motion Drone-j Farostar Flightsinc Fpvrobotics Futurequest Geolonia Griffaviation Hmrc Intent-exchange Irobotics Japanfudo Jiw Mapry Metcom Nh-institute Prodrone Proxima-ai-tech Redcliff-inc Reddotdrone Robotic Skies, Inc Skydrive2020 Skyscape Spherie Subak-tech TeraWatt Technology Inc and 6 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 **$3.2M** the round, not its cheque Alone, median **$1.7M**

Led 0 of 41 rounds **0%**

- **Sole investor:** 9 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Venture *19*
- Seed said *6*
- Series A said *6*
- Series B said *4*
- Series C *2*
- Secondary *1*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [IVC](https://millionrounds.com/fund/ivc) 4
- [UntroD Capital](https://millionrounds.com/fund/untrod-capital) 4
- [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) 3
- [ITOCHU Technology Ventures](https://millionrounds.com/fund/itochu-technology-ventures) 3
- [Shoko Chukin Bank](https://millionrounds.com/fund/shoko-chukin-bank) 3
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 2

**Pitching Drone Fund?** 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 Drone Fund. A count of rooms they were both in, not a relationship either has claimed.

[**IVC** VC firm **4** rounds together](https://millionrounds.com/fund/ivc)[**UntroD Capital** VC firm **4** rounds together](https://millionrounds.com/fund/untrod-capital)[**Global Brain Corporation** VC firm **3** rounds together](https://millionrounds.com/fund/global-brain-corporation)[**ITOCHU Technology Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/itochu-technology-ventures)[**Shoko Chukin Bank** VC firm **3** rounds together](https://millionrounds.com/fund/shoko-chukin-bank)[**Atlas Venture** VC firm **2** rounds together](https://millionrounds.com/fund/atlas-venture)[**DG VENTURES** Accelerator **2** rounds together](https://millionrounds.com/fund/dg-ventures)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Incubate Fund** VC firm **2** rounds together](https://millionrounds.com/fund/incubate-fund)[**Miraidoa** Investment firm **2** rounds together](https://millionrounds.com/fund/miraidoa)[**Mitsubishi UFJ Capital** VC firm **2** rounds together](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)[**Mizuho Capital** VC firm **2** rounds together](https://millionrounds.com/fund/mizuho-capital)

## Recently backed

The latest companies Drone Fund put money into.

[**Prodrone** Apr 2026](https://millionrounds.com/company/prodrone)[**SORA Technology** $2.5M · Jan 2026](https://millionrounds.com/company/sora-technology)[**AGRIST** Sept 2025](https://millionrounds.com/company/agrist)[**Civ Robotics** $7.5M · Jul 2025](https://millionrounds.com/company/civ-robotics)[**Valtec** $2.0M · Mar 2025](https://millionrounds.com/company/valtec)[**Wingcopter** $9.4M · Dec 2024](https://millionrounds.com/company/wingcopter)

## Mentioned on podcasts

Episodes that name Drone Fund in their description, not their title.

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 19 May 2017 · 26 min 20VC: The Future Business Model For Drones & Why Enterprise Drones Need To Be As Boring As Possible with Jonathan Downey, Founder & CEO @ Airware With [Jonathan Downey](https://millionrounds.com/person/jonathan-downey) Mentions [Drone Fund](https://millionrounds.com/fund/drone-fund)[Google](https://millionrounds.com/fund/google-assistant-investments)[Google Ventures](https://millionrounds.com/fund/gv) *+1* Apple PodcastsShow page

## Quick answers about Drone Fund

### What does Drone Fund invest in?

Drone Fund invests most often at Venture and Seed (66% of the rounds on record), in sectors such as Robotics, Drones and Dronetech.

### How active is Drone Fund?

41 investments on record, 8 of them in the last 12 months. The most recent was in Sept 2026.

### What has Drone Fund invested in recently?

Its most recent investments on record: Eight Knot (Series A, Sept 2026), LOMBY (Series A, Sept 2026) and Sunflower Labs (Venture, Sept 2026).

### How big are Drone Fund's cheques?

The median round it joins is $3.2M.

### Does Drone Fund lead rounds?

Rarely, if at all: none of its 41 investments on record names it as the lead.

### Where does Drone Fund invest?

Most of the companies it backs are in Japan (71%) and the United States (15%).

### Is Drone Fund investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

### Who does Drone Fund invest alongside?

Most often IVC (4 rounds together), UntroD Capital (4 rounds together) and Global Brain Corporation (3 rounds together).

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