# UntroD Capital: portfolio, investments and team

> UntroD Capital is a vc firm based in Singapore. 69 investments on record, 21 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# UntroD Capital

Last cheque observed Sep 2026; 69 cheques on record.

Email

Deploying now VC firm

Seed Series A Debt Deep_tech AI Synthetic_biology

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Deploying now

**88%** of best year **21** **cheques in 12 months**, 69 on record

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

Median round **$4.8M** Rounds led **0 of 69** Sole investor **13 rounds** Mostly in **Japan, 84%**

Pitch UntroD Capital

## UntroD Capital highlights

- 01 21 cheques in the last 12 months
- 02 Mostly Venture and Series A: 66% of its rounds
- 03 Sole investor in 13 rounds, median $2.4M

## What they do

> We established the Real Tech Fund in 2015 with the aim of social implementation of deep tech startups that contribute to solving global and human challenges, and we provide investment support to seed and early-stage startups. Translated from Japanese, from their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A Debt
- **Sectors:** Deep_tech AI Synthetic_biology
- **Based in:** Singapore, Singapore
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **69 appearances**

- **2026** 19 rounds
- **Sept** **[Ispace Technologies](https://millionrounds.com/company/ispace-technologies)** Debt · JP **$447M** With 2 others
- **Sept** **[Eight Knot](https://millionrounds.com/company/eight-knot)** Series A · JP **$2.9M** With 3 others
- **Sept** **[Sagri](https://millionrounds.com/company/sagri)** Grant · JP **$6.8M** With 4 others
- **Sept** **[Ark](https://millionrounds.com/company/ark)** Series A **$8.3M** With 3 others
- **Aug** **[Teragen Energy](https://millionrounds.com/company/teragen-energy)** Pre-seed · US · Firms' own news pages **$6.0M** With 6 others
- **Jun** **[CULTA](https://millionrounds.com/company/culta)** Grant · JP **$2.0M** With 2 others
- **May** **[Epsilon Molecular Engineering](https://millionrounds.com/company/epsilon-molecular-engineering)** Venture · JP **Undisclosed** With 3 others
- **May** **[Eco-Pork](https://millionrounds.com/company/eco-pork)** Venture · JP **Undisclosed** With 3 others
- **May** **[Mjolnir Spaceworks](https://millionrounds.com/company/mjolnir-spaceworks)** Series B · JP **$7.5M** With 4 others
- **May** **[Kyulux](https://millionrounds.com/company/kyulux)** Venture · JP **Undisclosed** With 3 others
- **Apr** **[Illumi Medical](https://millionrounds.com/company/illumi-medical)** Venture · JP **Undisclosed** With 3 others
- **Apr** **[Restore Vision](https://millionrounds.com/company/restore-vision)** Series B · JP **$8.2M** With 4 others
- **Apr** **[Optieum Biotechnologies](https://millionrounds.com/company/optieum-biotechnologies)** Venture · JP **Undisclosed** With 2 others
- **Apr** **[Molmir](https://millionrounds.com/company/molmir)** Series A · JP **$1.9M** With 1 other
- **Mar** **[CULTA](https://millionrounds.com/company/culta)** Seed · JP **$4.5M** With 2 others
- **Mar** **[Seiwa Holdings](https://millionrounds.com/company/seiwa-holdings)** Venture · JP **Undisclosed** Sole investor
- **Feb** **[3DC](https://millionrounds.com/company/3dc)** Series A · JP **$2.4M** With 5 others
- **Feb** **[Eco-Pork](https://millionrounds.com/company/eco-pork)** Venture · JP **Undisclosed** With 2 others
- **Jan** **[Illumi Medical](https://millionrounds.com/company/illumi-medical)** Series A · JP **$453K** With 2 others
- **2025** 18 rounds
- **Dec** **[Aba](https://millionrounds.com/company/aba)** Venture · JP **Undisclosed** With 1 other
- **Nov** **[Japan Superconducting Application Development](https://millionrounds.com/company/japan-superconducting-application-development)** Seed · JP **$3.2M** Sole investor
- **Oct** **[Blue Whale Energy](https://millionrounds.com/company/blue-whale-energy)** Seed · SG **$2.0M** Sole investor
- **Oct** **[UMIAILE](https://millionrounds.com/company/umiaile)** Seed · JP **$11M** With 2 others
- **Oct** **[Mjolnir Spaceworks](https://millionrounds.com/company/mjolnir-spaceworks)** Series A · JP **$2.7M** With 2 others
- **Jul** **[Ashirase](https://millionrounds.com/company/ashirase)** Series A · JP **$4.8M** With 2 others
- **Jul** **[HydroLeap](https://millionrounds.com/company/hydroleap)** Series A · SG **$4.8M** With 4 others
- **Jun** **[Reborna Biosciences](https://millionrounds.com/company/reborna-biosciences)** Venture · JP **$5.3M** With 2 others
- **May** **[CyCraft](https://millionrounds.com/company/cycraft)** Venture **$4.5M** With 1 other
- **May** **[AMI](https://millionrounds.com/company/ami)** Venture · JP **Undisclosed** Sole investor
- **May** **[Q5D Technology](https://millionrounds.com/company/q5d-technology)** Series A · GB **$6.0M** With 4 others
- **May** **[VFlow Tech](https://millionrounds.com/company/vflow-tech)** Series B · SG **$21M** With 3 others
- **Apr** **[Alternative Payments](https://millionrounds.com/company/alternative-payments)** Series A · US · AlleyWatch **$22M** With 4 others
- **Apr** **[KAICO](https://millionrounds.com/company/kaico)** Series B · JP **$3.8M** With 3 others
- **Feb** **[Ark Edge Space](https://millionrounds.com/company/ark-edge-space)** Series B · JP **$52M** With 4 others
- **Jan** **[Ken Robotec](https://millionrounds.com/company/ken-robotec)** Series B · JP **$1.2M** With 2 others
- **Jan** **[MiCAN Technologies](https://millionrounds.com/company/mican-technologies)** Venture · JP **$1.6M** With 2 others
- **Jan** **[ANSeen](https://millionrounds.com/company/anseen)** Series C · JP **$3.2M** With 3 others
- **2024** 10 rounds
- **Dec** **[Terra Labo](https://millionrounds.com/company/terra-labo)** Venture · JP **Undisclosed** With 2 others
- **Dec** **[MaterialGate](https://millionrounds.com/company/materialgate)** Venture · JP **Undisclosed** With 2 others
- **Nov** **[Ball Wave](https://millionrounds.com/company/ball-wave)** 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)

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

[企業サイト](https://millionrounds.com/company/hydroleap)[企業サイト](https://millionrounds.com/company/meltin-mmi) 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト 企業サイト and 58 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 Debt

Median round joined **$4.8M** the round, not its cheque Alone, median **$2.4M**

Led 0 of 69 rounds **0%**

- **Sole investor:** 13 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Venture *30*
- Series A said *13*
- Series B *8*
- Seed said *8*
- Series C *4*
- Grant *2*
- Debt said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) 14
- [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) 8
- [SBI Investment](https://millionrounds.com/fund/sbi-investment) 7
- [Incubate Fund](https://millionrounds.com/fund/incubate-fund) 6
- [Japan Finance Corporation](https://millionrounds.com/fund/japan-finance-corporation) 6
- [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) 5

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

[**Mitsubishi UFJ Capital** VC firm **14** rounds together](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)[**SMBC Venture Capital** Investment bank **8** rounds together](https://millionrounds.com/fund/smbc-venture-capital-2)[**SBI Investment** VC firm **7** rounds together](https://millionrounds.com/fund/sbi-investment)[**Incubate Fund** VC firm **6** rounds together](https://millionrounds.com/fund/incubate-fund)[**Japan Finance Corporation** Investment firm **6** rounds together](https://millionrounds.com/fund/japan-finance-corporation)[**Global Brain Corporation** VC firm **5** rounds together](https://millionrounds.com/fund/global-brain-corporation)[**IVC** VC firm **5** rounds together](https://millionrounds.com/fund/ivc)[**Shoko Chukin Bank** VC firm **5** rounds together](https://millionrounds.com/fund/shoko-chukin-bank)[**Drone Fund** VC firm **4** rounds together](https://millionrounds.com/fund/drone-fund)[**ITOCHU Technology Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/itochu-technology-ventures)[**Kyoto University Innovation Capital Co., Ltd** VC firm **4** rounds together](https://millionrounds.com/fund/kyoto-university-innovation-capital-co-ltd)[**Nissay Capital** VC firm **4** rounds together](https://millionrounds.com/fund/nissay-capital)

## Recently backed

The latest companies UntroD Capital put money into.

[**Ispace Technologies** $447M · Sept 2026](https://millionrounds.com/company/ispace-technologies)[**Ark** $8.3M · Sept 2026](https://millionrounds.com/company/ark)[**Teragen Energy** $6.0M · Aug 2026](https://millionrounds.com/company/teragen-energy)[**CULTA** $2.0M · Jun 2026](https://millionrounds.com/company/culta)[**Epsilon Molecular Engineering** May 2026](https://millionrounds.com/company/epsilon-molecular-engineering)[**Eco-Pork** May 2026](https://millionrounds.com/company/eco-pork)

## Quick answers about UntroD Capital

### What does UntroD Capital invest in?

UntroD Capital invests most often at Venture and Series A (66% of the rounds on record), in sectors such as Deep_tech, AI and Synthetic_biology.

### How active is UntroD Capital?

69 investments on record, 21 of them in the last 12 months. The most recent was in Sept 2026.

### What has UntroD Capital invested in recently?

Its most recent investments on record: Ispace Technologies (Debt, Sept 2026), Eight Knot (Series A, Sept 2026) and Sagri (Grant, Sept 2026).

### How big are UntroD Capital's cheques?

The median round it joins is $4.8M.

### Does UntroD Capital lead rounds?

Rarely, if at all: none of its 69 investments on record names it as the lead.

### Where does UntroD Capital invest?

Most of the companies it backs are in Japan (84%), Singapore (8%) and the United States (5%).

### Is UntroD Capital investing now?

Yes: it is actively investing, with 21 investments in the last 12 months.

### Who does UntroD Capital invest alongside?

Most often Mitsubishi UFJ Capital (14 rounds together), SMBC Venture Capital (8 rounds together) and SBI Investment (7 rounds together).

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