# Keio Innovation Initiative: portfolio, investments and team

> Keio Innovation Initiative is a vc firm based in Japan. 42 investments on record, 10 in the last 12 months, latest Sept 2026.

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

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

# Keio Innovation Initiative

Last cheque observed Sep 2026; 42 cheques on record.

Deploying now VC firm

Seed Series A Series B Deep Tech Biotech Healthcare

Deploying now

**50%** of best year **10** **cheques in 12 months**, 42 on record

Since the last cheque **55** days **00** hrs **00** min **00** sec

Median round **$3.8M** Rounds led **0 of 42** Sole investor **6 rounds** Mostly in **Japan, 91%**

Pitch Keio Innovation Initiative

## Keio Innovation Initiative highlights

- 01 10 cheques in the last 12 months
- 02 Mostly Venture and Series A: 60% of its rounds
- 03 Sole investor in 6 rounds, median $2.2M

## What they do

> We will refine each business one by one, with a view from the seed stage through to after listing. 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:** Deep Tech Biotech Healthcare
- **Based in:** Minato City, Japan
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **42 appearances**

- **2026** 7 rounds
- **Sept** **[Purmx Therapeutics](https://millionrounds.com/company/purmx-therapeutics)** Venture · JP **Undisclosed** With 1 other
- **Jul** **[LIFESCAPES](https://millionrounds.com/company/lifescapes)** Grant · JP **$307K** With 4 others
- **Jun** **[JiMED](https://millionrounds.com/company/jimed)** Venture · JP **$2.0M** With 2 others
- **May** **[Eco-Pork](https://millionrounds.com/company/eco-pork)** Venture · JP **Undisclosed** With 3 others
- **Apr** **[Grafenary](https://millionrounds.com/company/grafenary)** Seed · JP **$1.5M** With 4 others
- **Apr** **[Optieum Biotechnologies](https://millionrounds.com/company/optieum-biotechnologies)** Venture · JP **Undisclosed** With 2 others
- **Feb** **[Eco-Pork](https://millionrounds.com/company/eco-pork)** Venture · JP **Undisclosed** With 2 others
- **2025** 20 rounds
- **Dec** **[Helical Fusion](https://millionrounds.com/company/helical-fusion)** Series A · JP **$5.6M** With 4 others
- **Nov** **[Surv Biopharma](https://millionrounds.com/company/surv-biopharma)** Series B · JP **$9.7M** With 2 others
- **Nov** **[Hedgehog](https://millionrounds.com/company/hedgehog)** Seed · US **$8.1M** With 5 others
- **Oct** **[Space quarters](https://millionrounds.com/company/space-quarters)** Seed · JP **$5.0M** With 4 others
- **Oct** **[Z-Works](https://millionrounds.com/company/z-works)** Venture · JP **$4.7M** With 2 others
- **Oct** **[B dot Medical](https://millionrounds.com/company/b-dot-medical)** Series B · JP **$9.0M** Sole investor
- **Sept** **[Nanofiber Quantum Technologies](https://millionrounds.com/company/nanofiber-quantum-technologies)** Series A · JP **$14M** With 1 other
- **Aug** **[Fermelanta](https://millionrounds.com/company/fermelanta)** Series A · JP **$14M** With 5 others
- **Aug** **[EXORPHIA](https://millionrounds.com/company/exorphia)** Venture · JP **Undisclosed** Sole investor
- **Jul** **[Waku](https://millionrounds.com/company/waku)** Seed · US **$1.2M** With 1 other
- **Jul** **[LYMPHOGENiX](https://millionrounds.com/company/lymphogenix)** Pre-seed · GB **$340K** Sole investor
- **Jul** **[Fermecutes](https://millionrounds.com/company/fermecutes)** Seed · JP **$1.7M** Sole investor
- **Jul** **[FELIQS](https://millionrounds.com/company/feliqs)** Series A · JP **$8.3M** With 3 others
- **Jun** **[Skygate Technologies](https://millionrounds.com/company/skygate-technologies)** Seed · JP **$6.9M** With 4 others
- **Jun** **[Linea Innovations](https://millionrounds.com/company/linea-innovations)** Series A · JP **$12M** With 4 others
- **May** **[Linqmed](https://millionrounds.com/company/linqmed)** Series B · JP **$2.0M** With 4 others
- **Feb** **[JiMED](https://millionrounds.com/company/jimed)** Series A · JP **$2.3M** With 2 others
- **Jan** **[Neusignal Therapeutics](https://millionrounds.com/company/neusignal-therapeutics)** Series A · JP **$7.4M** With 4 others
- **Jan** **[BlueWX](https://millionrounds.com/company/bluewx)** Series A · JP **$775K** With 2 others
- **Jan** **[DigitalArchi](https://millionrounds.com/company/digitalarchi)** Seed · JP **$2.3M** With 3 others
- **2024** 2 rounds
- **Oct** **[Japan Carbon Cycle Lab](https://millionrounds.com/company/japan-carbon-cycle-lab)** Series A · JP **$2.7M** With 3 others
- **Sept** **[ElleThermo](https://millionrounds.com/company/ellethermo)** Seed · JP **$2.5M** With 2 others
- **2023** 3 rounds
- **Jul** **[Luxonus](https://millionrounds.com/company/luxonus)** Series C · JP **$1.6M** With 4 others
- **Jun** **[Cellusion](https://millionrounds.com/company/cellusion)** Series C · JP **$20M** With 3 others
- **May** **[Heartseed](https://millionrounds.com/company/heartseed)** Series D · JP **$14M** With 4 others
- **2022** 3 rounds
- **May** **[K Pharma](https://millionrounds.com/company/k-pharma)** Venture · JP **$12M** With 1 other
- **Mar** **[FingerVision](https://millionrounds.com/company/fingervision)** Seed · JP **$826K** With 1 other
- **Mar** **[Alivexis](https://millionrounds.com/company/alivexis)** Series C · JP **$20M** With 4 others
- **2020** 4 rounds
- **Dec** **[APB](https://millionrounds.com/company/apb)** Venture **$11M** With 1 other
- **Nov** **[Connect Japan](https://millionrounds.com/company/connect-japan)** Venture **$2.0M** With 3 others
- **Oct** **[AdipoSeeds](https://millionrounds.com/company/adiposeeds)** Venture **$3.8M** Sole investor
- **Aug** **[SENSY](https://millionrounds.com/company/sensy)** Venture **Undisclosed** With 2 others
- **2019** 1 round
- **Jun** **[Motion Lib](https://millionrounds.com/company/motion-lib)** Venture **$1.7M** 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

We hold **5** 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 1 we have independently watched raise

Recruit

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 **$3.8M** the round, not its cheque Alone, median **$2.2M**

Led 0 of 42 rounds **0%**

- **Sole investor:** 6 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Venture *15*
- Series A said *9*
- Seed said *9*
- Series B said *3*
- Series C *3*
- Pre-seed *1*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) 13
- [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) 12
- [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) 10
- [Nissay Capital](https://millionrounds.com/fund/nissay-capital) 6
- [SBI Investment](https://millionrounds.com/fund/sbi-investment) 4
- [Beyond Next Ventures](https://millionrounds.com/fund/beyond-next-ventures-inc) 3

**Pitching Keio Innovation Initiative?** 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 Keio Innovation Initiative. A count of rooms they were both in, not a relationship either has claimed.

[**Mitsubishi UFJ Capital** VC firm **13** rounds together](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)[**SMBC Venture Capital** Investment bank **12** rounds together](https://millionrounds.com/fund/smbc-venture-capital-2)[**Mizuho Capital** VC firm **10** rounds together](https://millionrounds.com/fund/mizuho-capital)[**Nissay Capital** VC firm **6** rounds together](https://millionrounds.com/fund/nissay-capital)[**SBI Investment** VC firm **4** rounds together](https://millionrounds.com/fund/sbi-investment)[**Beyond Next Ventures** Accelerator **3** rounds together](https://millionrounds.com/fund/beyond-next-ventures-inc)[**DBJ Capital** Government **3** rounds together](https://millionrounds.com/fund/dbj-capital)[**Global Brain Corporation** VC firm **3** rounds together](https://millionrounds.com/fund/global-brain-corporation)[**Kyoto University Innovation Capital Co., Ltd** VC firm **3** rounds together](https://millionrounds.com/fund/kyoto-university-innovation-capital-co-ltd)[**Nippon Venture Capital** Corporate VC **3** rounds together](https://millionrounds.com/fund/nippon-venture-capital)[**UTokyo Innovation Platform** Growth equity **3** rounds together](https://millionrounds.com/fund/utokyo-innovation-platform)[**UntroD Capital** VC firm **3** rounds together](https://millionrounds.com/fund/untrod-capital)

## Recently backed

The latest companies Keio Innovation Initiative put money into.

[**JiMED** $2.0M · Jun 2026](https://millionrounds.com/company/jimed)[**Eco-Pork** May 2026](https://millionrounds.com/company/eco-pork)[**Grafenary** $1.5M · Apr 2026](https://millionrounds.com/company/grafenary)[**Helical Fusion** $5.6M · Dec 2025](https://millionrounds.com/company/helical-fusion)[**Hedgehog** $8.1M · Nov 2025](https://millionrounds.com/company/hedgehog)[**Space quarters** $5.0M · Oct 2025](https://millionrounds.com/company/space-quarters)

## Quick answers about Keio Innovation Initiative

### What does Keio Innovation Initiative invest in?

Keio Innovation Initiative invests most often at Venture and Series A (60% of the rounds on record), in sectors such as Deep Tech, Biotech and Healthcare.

### How active is Keio Innovation Initiative?

42 investments on record, 10 of them in the last 12 months. The most recent was in Sept 2026.

### What has Keio Innovation Initiative invested in recently?

Its most recent investments on record: Purmx Therapeutics (Venture, Sept 2026), LIFESCAPES (Grant, Jul 2026) and JiMED (Venture, Jun 2026).

### How big are Keio Innovation Initiative's cheques?

The median round it joins is $3.8M.

### Does Keio Innovation Initiative lead rounds?

Rarely, if at all: none of its 42 investments on record names it as the lead.

### Where does Keio Innovation Initiative invest?

Most of the companies it backs are in Japan (91%) and the United States (6%).

### Is Keio Innovation Initiative investing now?

Yes: it is actively investing, with 10 investments in the last 12 months.

### Who does Keio Innovation Initiative invest alongside?

Most often Mitsubishi UFJ Capital (13 rounds together), SMBC Venture Capital (12 rounds together) and Mizuho Capital (10 rounds together).

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