# JAFCO Group: portfolio, investments and team > JAFCO Group is a vc firm based in Japan. 6 investments on record, latest Sept 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/jafco-group (Millionrounds; every figure on the page links to its filing or article) Japan · [Investor](https://millionrounds.com/investors) # JAFCO Group Last cheque observed Sep 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet VC firm Seed Series A Series B Startups AI Deep Tech Follow JAFCO Group and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fjafco-group) Cheques on record **0%** of best year **0** **cheques in 12 months**, 6 on record Since the last cheque **426** days **00** hrs **00** min **00** sec Median round **$100M** Rounds led **0 of 6** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **Japan, 50%** Pitch JAFCO Group ## JAFCO Group highlights - 01 6 rounds on record - 02 Mostly Series A and Series B: 67% of its rounds - 03 Sole investor in 1 rounds, median $15M - 04 1 exits from the portfolio ## What they do > JAFCO Group Co., Ltd. is an unlisted company investment firm with two main pillars: venture investment in startups challenging the creation of new businesses, and buyout investment mainly targeting small and medium-sized enterprises aiming for regrowth. 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 Buyout - **Sectors:** Startups AI Deep Tech - **Based in:** Minato, Japan - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **6 appearances** - **2025** 1 round - **Sept** **[LayerX](https://millionrounds.com/company/layerx)** Series B · JP · TechCrunch **$100M** With 10 others - **2014** 1 round - **Jun** **[Complexa](https://millionrounds.com/company/complexa)** Series B · US **$15M** Sole investor - **2011** 1 round - **Dec** **[Oceans Inc.](https://millionrounds.com/company/oceans-inc)** Series A · JP · jp.techcrunch.com **$1.0M** With 4 others - **2008** 2 rounds - **Jul** **[LOCKON CO.,LTD.](https://millionrounds.com/company/lockon-co-ltd)** Series A · JP · lockon.co.jp **$2.1M** With 8 others - **May** **[Kythera Biopharmaceuticals](https://millionrounds.com/company/kythera-biopharmaceuticals)** Series C · US **$30M** With 7 others - **2004** 1 round - **Jun** **[ARYx Therapeutics](https://millionrounds.com/company/aryx-therapeutics)** Series D · US **$55M** With 9 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 **8** 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) **0** of 4 we have independently watched raise Client Fsa Toyokeizai Xtech 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. ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Kythera Biopharmaceuticals](https://millionrounds.com/company/kythera-biopharmaceuticals)** Bought by [Allergan](https://millionrounds.com/fund/allergan) **$2.1B** Jun 2015 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Seed Series A Series B Median round joined **$100M** the round, not its cheque Alone, median **$15M** Led 0 of 6 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Sept 2025 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series A said *2* - Series B said *2* - Series C *1* - Series D *1* - Seed said *-* - Growth said *-* - Buyout said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [GMO VenturePartners](https://millionrounds.com/fund/gmo-venture-partners) 2 **Pitching JAFCO Group?** 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 JAFCO Group. A count of rooms they were both in, not a relationship either has claimed. [**GMO VenturePartners** Corporate VC **2** rounds together](https://millionrounds.com/fund/gmo-venture-partners) ## Recently backed The latest companies JAFCO Group put money into. [**LayerX** $100M · Sept 2025](https://millionrounds.com/company/layerx) ## Quick answers about JAFCO Group ### What does JAFCO Group invest in? JAFCO Group invests most often at Series A and Series B (67% of the rounds on record), in sectors such as Startups, AI and Deep Tech. ### How active is JAFCO Group? 6 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2025. ### What has JAFCO Group invested in recently? Its most recent investments on record: LayerX (Series B, Sept 2025). ### How big are JAFCO Group's cheques? The median round it joins is $100M. ### Does JAFCO Group lead rounds? Rarely, if at all: none of its 6 investments on record names it as the lead. ### Where does JAFCO Group invest? Most of the companies it backs are in Japan (50%) and the United States (50%). ### Is JAFCO Group investing now? No investments in the last 12 months; the latest was in Sept 2025. ### Who does JAFCO Group invest alongside? Most often GMO VenturePartners (2 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=jafco-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=jafco-group)