# Kyoto University Innovation Capital Co., Ltd: portfolio, investments and team

> Kyoto University Innovation Capital Co., Ltd is a vc firm based in Japan. 61 investments on record, 15 in the last 12 months, latest Oct 2026.

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

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

# Kyoto University Innovation Capital Co., Ltd

Last cheque observed Oct 2026; 61 cheques on record.

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Deploying now VC firm

Venture Seed Series B Venture Capital & Private Equity

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Deploying now

**94%** of best year **15** **cheques in 12 months**, 61 on record

Since the last cheque **22** days **00** hrs **00** min **00** sec

Median round **$2.5M** Rounds led **0 of 61** Sole investor **10 rounds** Mostly in **Japan, 95%**

Pitch Kyoto University Innovation Capital Co., Ltd

## Kyoto University Innovation Capital Co., Ltd highlights

- 01 15 cheques in the last 12 months
- 02 Mostly Venture and Seed: 59% of its rounds
- 03 Sole investor in 10 rounds, median $854K

## What they do

> It is a venture capital established as a 100% subsidiary of the National University Corporation Kyoto University. Translated from Japanese, from their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Based in:** Kyoto, Japan
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **61 appearances**

- **2026** 11 rounds
- **Oct** **[RadioNano Therapeutics](https://millionrounds.com/company/radionano-therapeutics)** Series B · JP · The Bridge **Undisclosed** With 1 other
- **Aug** **[Starlight Engine](https://millionrounds.com/company/starlight-engine)** Grant · JP · Ventureburn **$37M** With 8 others
- **Jul** **[Advance Composite](https://millionrounds.com/company/advance-composite)** Series B · JP **$1.2M** With 1 other
- **Jun** **[JiMED](https://millionrounds.com/company/jimed)** Venture · JP **$2.0M** With 2 others
- **Jun** **[xCARE](https://millionrounds.com/company/xcare)** Venture · JP **Undisclosed** With 3 others
- **May** **[Kyulux](https://millionrounds.com/company/kyulux)** Venture · JP **Undisclosed** With 3 others
- **May** **[Flosfia](https://millionrounds.com/company/flosfia)** Venture · JP **Undisclosed** With 3 others
- **Apr** **[Restore Vision](https://millionrounds.com/company/restore-vision)** Series B · JP **$8.2M** With 4 others
- **Apr** **[Toregem BioPharma](https://millionrounds.com/company/toregem-biopharma)** Venture · JP **$5.3M** With 2 others
- **Mar** **[Physiologas Technologies](https://millionrounds.com/company/physiologas-technologies)** Venture · JP **Undisclosed** Sole investor
- **Jan** **[La Terra](https://millionrounds.com/company/la-terra)** Venture · JP **$317K** Sole investor
- **2025** 12 rounds
- **Dec** **[Surv Biopharma](https://millionrounds.com/company/surv-biopharma)** Grant · JP **$17M** With 1 other
- **Dec** **[LEP](https://millionrounds.com/company/lep)** Seed · JP **$1.0M** With 2 others
- **Dec** **[Physiologas Technologies](https://millionrounds.com/company/physiologas-technologies)** Venture · JP **Undisclosed** Sole investor
- **Nov** **[BTB Therapeutics](https://millionrounds.com/company/btb-therapeutics)** Venture · US **$3.4M** With 1 other
- **Oct** **[OOYOO](https://millionrounds.com/company/ooyoo)** Seed · JP **$2.0M** With 3 others
- **Sept** **[Kyoto Fusioneering](https://millionrounds.com/company/kyoto-fusioneering)** Debt · JP **$36M** With 4 others
- **Jul** **[Link Therapeutics](https://millionrounds.com/company/link-therapeutics)** Series B · JP **$5.7M** With 3 others
- **Jun** **[Phytolipid Technologies](https://millionrounds.com/company/phytolipid-technologies)** Seed · JP **$1.5M** With 2 others
- **Jun** **[BiPSEE](https://millionrounds.com/company/bipsee)** Venture · JP **Undisclosed** With 3 others
- **Mar** **[RegCell](https://millionrounds.com/company/regcell)** Grant · US **$37M** With 3 others
- **Feb** **[JiMED](https://millionrounds.com/company/jimed)** Series A · JP **$2.3M** With 2 others
- **Jan** **[HOLO BIO](https://millionrounds.com/company/holo-bio)** Seed · JP **$1.5M** With 1 other
- **2024** 10 rounds
- **Dec** **[RadioNano Therapeutics](https://millionrounds.com/company/radionano-therapeutics)** Series A · JP **$955K** With 3 others
- **Dec** **[ENU Pharma](https://millionrounds.com/company/enu-pharma)** Seed · JP **$2.7M** Sole investor
- **Nov** **[EneCoat Technologies](https://millionrounds.com/company/enecoat-technologies)** Venture · JP **Undisclosed** With 4 others
- **Nov** **[KOALA Tech](https://millionrounds.com/company/koala-tech)** Series B · JP **$3.7M** With 4 others
- **Oct** **[Rege Nephro](https://millionrounds.com/company/rege-nephro)** Series B · JP **$15M** With 5 others
- **Oct** **[Rhinoflux](https://millionrounds.com/company/rhinoflux)** Seed · JP **$1.3M** With 1 other
- **Sept** **[Symbiobe](https://millionrounds.com/company/symbiobe)** Series A · JP **$5.7M** With 3 others
- **Jun** **[GRA&GREEN](https://millionrounds.com/company/gra-and-green)** Series C · JP **$4.1M** With 5 others
- **May** **[AceRNA Technologies](https://millionrounds.com/company/acerna-technologies)** Series B · JP **$6.2M** With 3 others
- **Feb** **[MaRI](https://millionrounds.com/company/mari)** Series B · JP **$665K** With 2 others
- **2023** 6 rounds
- **Dec** **[Restore Vision](https://millionrounds.com/company/restore-vision)** Series A · JP **$4.2M** With 4 others
- **Nov** **[Melody International](https://millionrounds.com/company/melody-international)** Venture · JP **$748K** With 1 other
- **Sept** **[TSK Corporation](https://millionrounds.com/company/tsk-corporation)** Venture · JP **Undisclosed** With 1 other
- **Jul** **[Luxonus](https://millionrounds.com/company/luxonus)** Series C · JP **$1.6M** With 4 others
- **Jul** **[Toregem BioPharma](https://millionrounds.com/company/toregem-biopharma)** Series A · JP **$2.6M** With 2 others
- **Mar** **[Kyulux](https://millionrounds.com/company/kyulux)** Series C · JP **$32M** With 4 others
- **2022** 4 rounds
- **Dec** **[U-MaP](https://millionrounds.com/company/u-map)** Venture · JP **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.

## What they claim to have backed

From their own portfolio page (on their website)

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

[Advance-composite](https://millionrounds.com/company/advance-composite)[Btbtherapeutics](https://millionrounds.com/company/btb-therapeutics)[CONNEXX SYSTEMS 株式会社](https://millionrounds.com/company/connexx-systems)[Esep](https://millionrounds.com/company/esep)[Flosfia](https://millionrounds.com/company/flosfia)[Gragreen](https://millionrounds.com/company/gra-and-green)[Jimed](https://millionrounds.com/company/jimed)[Lang-8](https://millionrounds.com/company/lang-8)[Legalontech](https://millionrounds.com/company/legalon-technologies)[Link-therapeutics](https://millionrounds.com/company/link-therapeutics)[Mitsucari](https://millionrounds.com/company/mitsucari)[Questetra](https://millionrounds.com/company/questetra)[Sunlitseedlings](https://millionrounds.com/company/sunlit-seedlings)[Symbiobe](https://millionrounds.com/company/symbiobe)[株式会社 aceRNA Technologies 再生細胞医薬品の精製や創薬事業](https://millionrounds.com/company/acerna-technologies)[株式会社OOYOO 気体分離膜の開発と販売](https://millionrounds.com/company/ooyoo)[株式会社U-MAP 窒化アルミニウムウィスカー材料及び関連製品の開発・製造・販売](https://millionrounds.com/company/u-map) Afi Alphanavi Audiometaverse CleanHearing Inc. 大脳皮質電磁刺激 Dps-inc Drawbridgehealth EXIT ACT Genomics EXIT 株式会社 坂ノ途中 農産物、加工食品の販売 EXIT 株式会社Luxonus 光超音波技術を応用した画像撮影装置の製造・販売 EXIT 株式会社オリゴジェン 神経疾患領域の新規治療薬開発 EXIT 株式会社サキコーポレーション 実装基板自動外観検査装置及び IPO Chordia Therapeutics IPO Lisata Therapeutics, IPO クオリプス株式会社 新規心不全治療技術の開発 Kinopharma Kolagen-pharma Kyoto-drug Kyoto-textlab M&A ファイメクス株式会社 タンパク質分解誘導を機序とする新規医薬品の研究開発 Melody Mitatezeptotechnica Optmass Orizuru-therapeutics Quantum Simulation Technologies, Scad-kyoto Starlight Engine株式会社 核融合発電プラントの建設及び発電実証 Start-lep Xcare-medical Yaqumo ときわバイオ株式会社 再生医療に向けた革新的細胞リプログラミング技術の開発 サーブ・バイオファーマ株式会社 腫瘍溶解性ウイルスを含む遺伝子治療薬の研究開発 トレジェムバイオファーマ株式会社 歯の再生治療を目指す新規医薬品の研究開発 フィジオロガス・テクノロジーズ株式会社 在宅用透析装置の開発 ホロバイオ株式会社 養殖魚の腸内細菌叢解析、機能性腸内細菌叢を含む餌の開発 リジェネフロ株式会社 腎疾患治療薬の研究開発・生産・販売 ルーパーツ株式会社 溶融塩電解技術を用いたアップグレードリサイクル事業 レグセル株式会社 高機能安定型誘導性Tregの研究開発 京都フュージョニアリング株式会社 核融合炉関連技術、装置の研究開発 株式会社BiPSEE VRを活用したうつ病治療アプリを開発 株式会社KOALA Tech 有機半導体レーザーダイオードOSLDの研究開発 株式会社TSK 鉄触媒技術を用いた新規化合物の開発と販売、および製法支援 株式会社YStory 更年期女性向けデジタルヘルス事業 株式会社アルガルバイオ 藻類を利用した機能性材料などの製造・販売 and 7 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

Venture Seed Series B

Median round joined **$2.5M** the round, not its cheque Alone, median **$854K**

Led 0 of 61 rounds **0%**

- **Sole investor:** 10 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *23*
- Seed *12*
- Series B *11*
- Series A *7*
- Series C *3*
- Grant *3*

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) 22
- [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) 18
- [Miraidoa](https://millionrounds.com/fund/miraidoa) 10
- [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) 7
- [ANRI](https://millionrounds.com/fund/anri) 6
- [Beyond Next Ventures](https://millionrounds.com/fund/beyond-next-ventures-inc) 6

**Pitching Kyoto University Innovation Capital Co., Ltd?** 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 Kyoto University Innovation Capital Co., Ltd. A count of rooms they were both in, not a relationship either has claimed.

[**SMBC Venture Capital** Investment bank **22** rounds together](https://millionrounds.com/fund/smbc-venture-capital-2)[**Mitsubishi UFJ Capital** VC firm **18** rounds together](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)[**Miraidoa** Investment firm **10** rounds together](https://millionrounds.com/fund/miraidoa)[**Global Brain Corporation** VC firm **7** rounds together](https://millionrounds.com/fund/global-brain-corporation)[**ANRI** VC firm **6** rounds together](https://millionrounds.com/fund/anri)[**Beyond Next Ventures** Accelerator **6** rounds together](https://millionrounds.com/fund/beyond-next-ventures-inc)[**Mizuho Capital** VC firm **5** rounds together](https://millionrounds.com/fund/mizuho-capital)[**Nippon Venture Capital** Corporate VC **5** rounds together](https://millionrounds.com/fund/nippon-venture-capital)[**Nissay Capital** VC firm **5** rounds together](https://millionrounds.com/fund/nissay-capital)[**JIC Venture Growth Investments** VC firm **4** rounds together](https://millionrounds.com/fund/jic-venture-growth-investments)[**UTokyo Innovation Platform** Growth equity **4** rounds together](https://millionrounds.com/fund/utokyo-innovation-platform)[**UntroD Capital** VC firm **4** rounds together](https://millionrounds.com/fund/untrod-capital)

## Recently backed

The latest companies Kyoto University Innovation Capital Co., Ltd put money into.

[**RadioNano Therapeutics** Oct 2026](https://millionrounds.com/company/radionano-therapeutics)[**JiMED** $2.0M · Jun 2026](https://millionrounds.com/company/jimed)[**xCARE** Jun 2026](https://millionrounds.com/company/xcare)[**Kyulux** May 2026](https://millionrounds.com/company/kyulux)[**Restore Vision** $8.2M · Apr 2026](https://millionrounds.com/company/restore-vision)[**Physiologas Technologies** Mar 2026](https://millionrounds.com/company/physiologas-technologies)

## Quick answers about Kyoto University Innovation Capital Co., Ltd

### What does Kyoto University Innovation Capital Co., Ltd invest in?

Kyoto University Innovation Capital Co., Ltd invests most often at Venture and Seed (59% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Kyoto University Innovation Capital Co., Ltd?

61 investments on record, 15 of them in the last 12 months. The most recent was in Oct 2026.

### What has Kyoto University Innovation Capital Co., Ltd invested in recently?

Its most recent investments on record: RadioNano Therapeutics (Series B, Oct 2026), Starlight Engine (Grant, Aug 2026) and Advance Composite (Series B, Jul 2026).

### How big are Kyoto University Innovation Capital Co., Ltd's cheques?

The median round it joins is $2.5M.

### Does Kyoto University Innovation Capital Co., Ltd lead rounds?

Rarely, if at all: none of its 61 investments on record names it as the lead.

### Where does Kyoto University Innovation Capital Co., Ltd invest?

Most of the companies it backs are in Japan (95%) and the United States (5%).

### Is Kyoto University Innovation Capital Co., Ltd investing now?

Yes: it is actively investing, with 15 investments in the last 12 months.

### Who does Kyoto University Innovation Capital Co., Ltd invest alongside?

Most often SMBC Venture Capital (22 rounds together), Mitsubishi UFJ Capital (18 rounds together) and Miraidoa (10 rounds together).

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