# VC firms based in Japan (2026 list) > 523 VC firms based in Japan, 11% active in the last 12 months. Led by Mitsubishi UFJ Capital, Global Brain Corporation, Mizuho Capital. Source: https://millionrounds.com/lists/vc-firms-based-in-japan (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms based in Japan Updated 7 November 2026 VC firms headquartered in Japan. [See all 523 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-japan)The top 25 **523** investors on the list No change this week **813** cheques in 12 months *+1%* against the market **$6.9M** median round they joined *-14%* against the market median **11%** wrote a cheque in 12 months **4%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (24) - 1 [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 - 2 [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) *Deploying now* VC firm · Japan **480** **$7.6M** median round **Sept 2026** last seen - 3 [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) *Deploying now* VC firm · Japan **397** **$6.5M** median round **Nov 2026** last seen - 4 [SBI Investment](https://millionrounds.com/fund/sbi-investment) *Deploying now* VC firm · Japan **330** **$8.7M** median round **Sept 2026** last seen - 5 [Incubate Fund](https://millionrounds.com/fund/incubate-fund) *Deploying now* VC firm · Japan **245** **$2.8M** median round **Oct 2026** last seen - 6 [CyberAgent Capital](https://millionrounds.com/fund/cyberagent-ventures) *Deploying now* VC firm · Japan **231** **$2.2M** median round **Aug 2026** last seen - 7 [Nissay Capital](https://millionrounds.com/fund/nissay-capital) *Deploying now* VC firm · Japan **221** **$3.5M** median round **Oct 2026** last seen - 8 [Mizuho Corporate Bank](https://millionrounds.com/fund/mizuho-corporate-bank) *Deploying now* VC firm · Japan **217** **$9.5M** median round **Oct 2026** last seen - 9 [SoftBank Capital](https://millionrounds.com/fund/softbank-capital-2) quiet VC firm · Japan **195** **$24M** median round **Jul 2019** last seen - 10 [ANRI](https://millionrounds.com/fund/anri) *Deploying now* VC firm · Japan **189** **$4.2M** median round **Nov 2026** last seen - 11 [Genesia Ventures](https://millionrounds.com/fund/genesia-ventures) *Deploying now* VC firm · Japan **125** **$1.6M** median round **Oct 2026** last seen - 12 [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 - 13 [Scrum Ventures](https://millionrounds.com/fund/scrum-ventures) *Deploying now* VC firm · Japan **109** **$7.1M** median round **Nov 2026** last seen - 14 [ANOBAKA](https://millionrounds.com/fund/anobaka) *Deploying now* VC firm · Japan **107** **$1.1M** median round **Sept 2026** last seen - 15 [Samurai Incubate](https://millionrounds.com/fund/samurai-incubate-inc) *Deploying now* VC firm · Japan **95** **$1.9M** median round **Jul 2026** last seen - 16 [ITOCHU Technology Ventures](https://millionrounds.com/fund/itochu-technology-ventures) *Deploying now* VC firm · Japan **88** **$5.5M** median round **Oct 2026** last seen - 17 [Globis Capital Partners](https://millionrounds.com/fund/globis-capital-partners) *Deploying now* VC firm · Japan **86** **$8.4M** median round **Oct 2026** last seen - 18 [Mobile Internet Capital](https://millionrounds.com/fund/mobile-internet-capital-inc) *Deploying now* VC firm · Japan **82** **$3.8M** median round **Oct 2026** last seen - 19 [Deepcore](https://millionrounds.com/fund/deepcore) *Deploying now* VC firm · Japan **81** **$2.7M** median round **Sept 2026** last seen - 20 [Spiral Capital](https://millionrounds.com/fund/spiral-capital) *Deploying now* VC firm · Japan **69** **$6.9M** median round **Sept 2026** last seen - 21 [Coral Capital](https://millionrounds.com/fund/coral-capital) *Deploying now* VC firm · Japan **66** **$6M** median round **Oct 2026** last seen - 22 [Kyoto University Innovation Capital Co., Ltd](https://millionrounds.com/fund/kyoto-university-innovation-capital-co-ltd) *Deploying now* VC firm · Japan **61** **$2.5M** median round **Oct 2026** last seen - 23 [Mitsubishi Corporation](https://millionrounds.com/fund/mitsubishi-corporation) *Deploying now* VC firm · Japan **55** **$17M** median round **Jul 2026** last seen - 24 [Delight Ventures](https://millionrounds.com/fund/delight-ventures-2) *Deploying now* VC firm · Japan **45** **$3.2M** median round **Oct 2026** last seen - 25 [Keio Innovation Initiative](https://millionrounds.com/fund/keio-innovation-initiative-inc) *Deploying now* VC firm · Japan **42** **$3.8M** median round **Sept 2026** last seen **498 more on this list** All 523 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%2Fvc-firms-based-in-japan) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Cosmoserve Space](https://millionrounds.com/company/cosmoserve-space)** Seed · $6M *With* [Rebright Partners](https://millionrounds.com/fund/rebright-partners) - **5** Nov **[CesiumAstro](https://millionrounds.com/company/cesiumastro)** Series D+ · $730M *With* [Sumitomo](https://millionrounds.com/fund/sumitomo) - **5** Nov **[Pay2o](https://millionrounds.com/company/pay2o)** Seed *With* [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) - **5** Nov **[OPENREC](https://millionrounds.com/company/openrec)** Other *With* [Iyogin Capital](https://millionrounds.com/fund/iyogin-capital) - **5** Nov **[Fact Base](https://millionrounds.com/company/factbase)** Series D+ · $29M *With* [MPower Partners](https://millionrounds.com/fund/mpower-partners) - **5** Nov **[Simulacra](https://millionrounds.com/company/simulacra)** Pre-seed *Led by* [ANRI](https://millionrounds.com/fund/anri) ## Stages This Year 492 rounds - Venture **27%** - Seed **18%** - Series A **15%** - Debt **11%** - Series B **11%** - Other **18%** ## What They Backed Sectors, last 12 months - AI **113** - Biotech **28** - Energy **25** - Healthcare **24** - Consumer Apps **20** - Cleantech **19** ## Cheques by Quarter Led Joined 187 Q1 25 200 Q2 25 222 Q3 25 257 Q4 25 221 Q1 26 272 Q2 26 186 Q3 26 54 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about VC firms based in Japan ### Who are the most active VC firms based in Japan? By cheques observed, the most active are Mitsubishi UFJ Capital, Global Brain Corporation, Mizuho Capital, SBI Investment and Incubate Fund. ### How many VC firms based in Japan are there? 523 are on record. 11% made an investment in the last 12 months and 4% have led a round. ### Which stages do VC firms based in Japan back? Of the rounds with a named stage in the last 12 months, mostly Seed (27%) and Series A (23%). ### How big are the rounds VC firms based in Japan join? The typical (median) round among the leading investors here is $4.7M. ### Which sectors do VC firms based in Japan back most? In the last 12 months, mostly AI, Biotech and Energy. ### Which VC firms based in Japan lead the most rounds? Global Brain Corporation (2 led), SBI Investment (2 led) and ANRI (2 led). ### What have VC firms based in Japan invested in recently? Recent rounds include Cosmoserve Space (Seed, Nov 2026, with Rebright Partners), CesiumAstro (Series D+, Nov 2026, with Sumitomo) and Pay2o (Seed, Nov 2026, with Mizuho Capital). ### How is this list of VC firms based in Japan ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)