# Biotech investors in Japan (2026 list)

> 60 biotech investors in Japan, 87% active in the last 12 months. Led by Plug and Play, Google for Startups, HSG. Ranked by what they funded.

Source: https://millionrounds.com/lists/biotech-investors-in-japan (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Biotech investors in Japan

Updated 7 November 2026

Firms observed backing a biotech company in Japan in the last two years, wherever the firm is based.

[See all 60 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fbiotech-investors-in-japan)The top 25

**60** investors on the list *+2* this week

**1,216** cheques in 12 months *-16%* against the market

**$6M** median round they joined *-26%* against the market median

**87%** wrote a cheque in 12 months

**33%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen
- 2 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen
- 3 [HSG](https://millionrounds.com/fund/hsg) *Deploying now* VC firm · Hong Kong SAR China **498** **$31M** median round **Oct 2026** last seen
- 4 [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) *Deploying now* VC firm · Japan **493** **$4.7M** median round **Nov 2026** last seen
- 5 [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) *Deploying now* VC firm · Japan **480** **$7.6M** median round **Sept 2026** last seen
- 6 [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) *Deploying now* Investment bank · Japan **443** **$5.1M** median round **Oct 2026** last seen
- 7 [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) *Deploying now* VC firm · Japan **397** **$6.5M** median round **Nov 2026** last seen
- 8 [SBI Investment](https://millionrounds.com/fund/sbi-investment) *Deploying now* VC firm · Japan **330** **$8.7M** median round **Sept 2026** last seen
- 9 [Japan Finance Corporation](https://millionrounds.com/fund/japan-finance-corporation) *Deploying now* Investment firm · Japan **247** **$2M** median round **Oct 2026** last seen
- 10 [CyberAgent Capital](https://millionrounds.com/fund/cyberagent-ventures) *Deploying now* VC firm · Japan **231** **$2.2M** median round **Aug 2026** last seen
- 11 [Nissay Capital](https://millionrounds.com/fund/nissay-capital) *Deploying now* VC firm · Japan **221** **$3.5M** median round **Oct 2026** last seen
- 12 [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) *Deploying now* VC firm · Bermuda **219** **$25M** median round **Oct 2026** last seen
- 13 [ANRI](https://millionrounds.com/fund/anri) *Deploying now* VC firm · Japan **189** **$4.2M** median round **Nov 2026** last seen
- 14 [Genesia Ventures](https://millionrounds.com/fund/genesia-ventures) *Deploying now* VC firm · Japan **125** **$1.6M** median round **Oct 2026** last seen
- 15 [Sumitomo Mitsui Banking Corporation](https://millionrounds.com/fund/sumitomo-mitsui-banking-corporation) *Deploying now* VC firm · Japan **124** **$11M** median round **Oct 2026** last seen
- 16 [Isai](https://millionrounds.com/fund/isai) *Deploying now* VC firm · France **99** **$11M** median round **Oct 2026** last seen
- 17 [Mint](https://millionrounds.com/fund/mint) *Deploying now* VC firm **97** **$1.4M** median round **Sept 2026** last seen
- 18 [Nippon Venture Capital](https://millionrounds.com/fund/nippon-venture-capital) *Deploying now* Corporate VC · Japan **95** **$2.9M** median round **Jul 2026** last seen
- 19 [ITOCHU Technology Ventures](https://millionrounds.com/fund/itochu-technology-ventures) *Deploying now* VC firm · Japan **88** **$5.5M** median round **Oct 2026** last seen
- 20 [Pegasus Tech Ventures](https://millionrounds.com/fund/pegasus-tech-ventures) *Deploying now* VC firm · United States **87** **$8.4M** median round **Jul 2026** last seen
- 21 [Miraidoa](https://millionrounds.com/fund/miraidoa) *Deploying now* Investment firm **86** **$2.2M** median round **Jul 2026** last seen
- 22 [Deepcore](https://millionrounds.com/fund/deepcore) *Deploying now* VC firm · Japan **81** **$2.7M** median round **Sept 2026** last seen
- 23 [JIC Venture Growth Investments](https://millionrounds.com/fund/jic-venture-growth-investments) *Deploying now* VC firm **74** **$15M** median round **Sept 2026** last seen
- 24 [Beyond Next Ventures](https://millionrounds.com/fund/beyond-next-ventures-inc) *Deploying now* Accelerator · Japan **69** **$4.3M** median round **Sept 2026** last seen
- 25 [Spiral Capital](https://millionrounds.com/fund/spiral-capital) *Deploying now* VC firm · Japan **69** **$6.9M** median round **Sept 2026** last seen

**35 more on this list**

All 60 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fbiotech-investors-in-japan)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [SBI Group](https://millionrounds.com/fund/sbi-group)
- **5** Nov **[Pay2o](https://millionrounds.com/company/pay2o)** Seed *With* [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital)
- **5** Nov **[Simulacra](https://millionrounds.com/company/simulacra)** Pre-seed *Led by* [ANRI](https://millionrounds.com/fund/anri)
- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **2** Nov **[Lightyears](https://millionrounds.com/company/lightyears)** Other · $174M *With* [Obayashi Corporation](https://millionrounds.com/fund/obayashi-corporation)

## Stages This Year

778 rounds

- Venture **30%**
- Seed **17%**
- Series A **15%**
- Series B **9%**
- Debt **7%**
- Other **21%**

## What They Backed

Sectors, last 12 months

- AI **221**
- Biotech **62**
- Healthcare **46**
- Fintech **44**
- Big Data & Analytics **28**
- Energy **26**

## Cheques by Quarter

Led Joined

330 Q1 25

402 Q2 25

399 Q3 25

423 Q4 25

352 Q1 26

379 Q2 26

291 Q3 26

55 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in United States 3,683](https://millionrounds.com/lists/ai-investors-in-united-states)
- [Fintech investors in United States 1,166](https://millionrounds.com/lists/fintech-investors-in-united-states)
- [AI investors in United Kingdom 1,039](https://millionrounds.com/lists/ai-investors-in-united-kingdom)
- [Big Data & Analytics investors in United States 1,039](https://millionrounds.com/lists/big-data-investors-in-united-states)
- [Biotech investors in United States 914](https://millionrounds.com/lists/biotech-investors-in-united-states)
- [Energy investors in United States 798](https://millionrounds.com/lists/energy-investors-in-united-states)
- [Robotics investors in United States 797](https://millionrounds.com/lists/robotics-investors-in-united-states)
- [Construction investors in United States 742](https://millionrounds.com/lists/construction-investors-in-united-states)
- [Cybersecurity investors in United States 702](https://millionrounds.com/lists/cybersecurity-investors-in-united-states)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in health and biotech

- The Innovator's Prescription: A Disruptive Solution for Health Care Clayton M. Christensen · 2008 4.21 from 1,158 ratings on Goodreads Health and biotech Innovation Moats and competition About the book A groundbreaking prescription for health care reform--from a legendary leader in innovation... Our health care system is in critical condition. Each year, fewer Americans can afford it, fewer businesses can provide it, and fewer government programs can promise it for future… On AmazonListen on Audible
- Where Does It Hurt?: An Entrepreneur's Guide to Fixing Health Care Jonathan Bush · 2014 3.78 from 598 ratings on Goodreads Health and biotech Company building Innovation About the book A bold new remedy for the sprawling and wasteful health care industry Where else but the doctor’s office do you have to fill out a form on a clipboard? Have you noticed that hospital bills are almost unintelligible, except for the absurdly high dollar amount? Why is it that… On AmazonListen on Audible
- Ashes to Ashes: America's Hundred-Year Cigarette War, the Public Health, and the Unabashed Triumph of Philip Morris Richard Kluger · 1997 3.94 from 306 ratings on Goodreads Health and biotech Company building About the book Ashes to Ashes is a monumental history of the American tobacco industry’s ironic success in developing the cigarette, modern society’s most widespread instrument of self-destruction, into the nation’s most profitable consumer product. Starting with its energized, work-obsessed… On AmazonListen on Audible
- The Kelloggs: The Battling Brothers of Battle Creek Howard Markel · 2017 3.87 from 969 ratings on Goodreads Health and biotech Company building About the book "What's more American than Corn Flakes?" --Bing Crosby From the much admired medical historian ("Markel shows just how compelling the medical history can be"--Andrea Barrett) and author of An Anatomy of Addiction ("Absorbing, vivid"--Sherwin Nuland, The New York Times Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=health).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about biotech investors in Japan

### Who are the most active biotech investors in Japan?

By cheques observed, the most active are Plug and Play, Google for Startups, HSG, Mitsubishi UFJ Capital and Global Brain Corporation.

### How many biotech investors in Japan are there?

60 are on record. 87% made an investment in the last 12 months and 33% have led a round.

### Which stages do biotech investors in Japan back?

Of the rounds with a named stage in the last 12 months, mostly Seed (27%) and Series A (24%).

### How big are the rounds biotech investors in Japan join?

The typical (median) round among the leading investors here is $5M.

### Which sectors do biotech investors in Japan back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which biotech investors in Japan lead the most rounds?

Eight Roads Ventures (6 led), HSG (3 led) and Plug and Play (2 led).

### Where are biotech investors in Japan based?

Among the most active, most are based in Japan (16), the United States (3) and Hong Kong SAR China (1).

### What have biotech investors in Japan invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with SBI Group), Pay2o (Seed, Nov 2026, with Mizuho Capital) and Simulacra (Pre-seed, Nov 2026, with ANRI).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)