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AG Capital Co. Ltd.

Venture capital

Tokyo · Seed–Growth · 1 people tracked

Also known as AGキャピタル株式会社

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Investment thesis

AG Capital positions itself as a value-creation venture capital firm combining an investor role, supplying growth capital to mid-sized and venture companies, with a consultant role as a 'home doctor.' Under its home-doctor model, the same investment manager supports a company as a business partner, helping solve stage-specific problems from management planning and financial statement review to capital policy and fundraising. Tracing its roots to Kokusai Capital founded in 1985, the firm has invested in over 600 ventures and supported more than 200 IPO/M&A exits. It focuses on information and communications, distribution and services, and environment and healthcare, and supports companies advancing SDGs.

Source: firm website, verified Oct 2, 2026.

Stage
Seed–Growth
HQ
Tokyo, JP
Instruments
Equity
Founded
1985
Tracked investments
106
IPOs
1
Acquisitions
1

Team · 1 people

from the firm's website
深田裕司· 代表取締役社長 (President & Representative Director)

What they invest in

from 74 of 106 portfolio companies

SaaS ×28Consumer ×21AI & Machine Learning ×17Fintech ×15HR Tech ×13Marketplaces ×13Enterprise Software ×11E-commerce ×10

HQs:Japan×74United Kingdom×1

Who they back

founder profiles across 33 portfolio companies
76%
solo founders
25 of 33 mapped founding teams

Founding team size:solo founder×252 founders×74+ founders×1

Investments · 106 tracked

founders shown can be your intro path
㈱REJECTreject.co.jp

REJECT sells gaming accessories designed to professional standards for gamers seeking to improve their performance.

ConsumerGamingHardwareMedia & EntertainmentTokyo, JP

Shoya Koyama(Representative Director & CEO)in

Co-investorsDBJ CapitalJAFCO Group

Aandaand.co.jp

A&D provides talent management consulting and organizational development support to help clients implement systems and initiatives aligned with their unique human resource management processes.

Enterprise SoftwareHR TechTokyo, JP

大野順也(代表取締役社長 (President & CEO))

Co-investorsShizuoka Capital

Aileadailead.app𝕏

A platform that converts enterprise conversation data into actionable intelligence and AI agent automation for business decision-making.

AI & Machine LearningEnterprise SoftwareSaaSSales Tech

Tamiki Sugiyama(Representative Director (代表取締役))

Co-investorsGenesia Ventures

altalt.aiin𝕏

Alt Inc. is a Japanese company founded in 2014 and based in Tokyo's Roppongi district.

Tokyo, JP

Tatsuhei Asanuma(Representative Director & CEO)

Co-investorsDIMENSIONFIRSTLIGHT CapitalKintetsu Venture Partners

Ancarancar.co.jp

Cargent (formerly Ancar) operates a car brokerage platform and related services, including the sale and purchase of used vehicles.

E-commerceMarketplacesMobility & TransportationTokyo, JP

Fumiaki Okuno(Representative Director)

Athearthathearth.com

AtHearth operates a rental brokerage platform with AI-powered property matching for international residents seeking housing in Tokyo, addressing discrimination against foreign tenants in Japan's residential market.

AI & Machine LearningB2B MarketplacesMarketplacesPropTechTokyo, JP

Tomonari Kino(CEO)

Co-investorsGenesia Ventures

Brave groupbravegroup.co.jpin𝕏

Brave group is a Japanese holding company operating in the VTuber and IP entertainment space, structured around IP Production, IP Platform, and IP Solution businesses.

ConsumerCreator EconomyGamingMedia & EntertainmentTokyo, JP

野口 圭登 (Keito Noguchi)(代表取締役CEO (Representative Director & CEO))野口 圭登(代表取締役CEO)

Co-investorsCool Japan FundGlobal Braingumi IncNOW JapanShochiku VenturesSumitomo Mitsui Trust nvestment Co. Ltd.+5 more

Bright Tablebright-table.com

Operates Pecotter, a restaurant reservation concierge app for Japan where staff place reservation calls to eateries on users' behalf via chat, with iPhone, LINE, Slack, and OEM integration options for individuals and businesses.

AI & Machine LearningConsumerFoodTech

Yusaku Matsushita(Founder & CEO)

Co-investorsGenesia Ventures

CLUEt-clue.com

Roof/exterior inspection app; also builds drone-based construction management and view-photography apps.

Co-investorsCanal VenturesDelight VenturesDentsu VenturesDIMENSIONDRONE FUNDEnergy & Environment Investment+7 more

Crevocrevo.jp

Crevo provides recruitment content planning and production services, designing and creating recruitment videos and websites from job seeker perspective to increase quality applications.

B2B MarketplacesCreator EconomyHR TechMarketing TechMedia & EntertainmentTokyo, JP

柴田 憲佑(取締役会長)水口 仁志(代表取締役社長)

Co-investorsAxiom Asia Private CapitalB Dash VenturesEast VenturesVOYAGE VENTURESCARTA VENTURES, Inc.Kiraboshi Capital+2 more

Emerada Co.,Ltdemerada.co.jp

Emerada provides financial institutions and corporate clients with the strategy, data, payments, credit, operational systems, and data integration needed to launch new financial services, combining its own microservices into financial systems.

AI & Machine LearningFintechSaaSTokyo, JP

Naoki Furukawa(Founder)Taiga Sawamura(Founder)

Fast Beautyfufucolor.com

Fufu Color is a specialized hair coloring salon chain in Japan offering affordable professional hair coloring services with quick turnaround times and a focus on accessible beauty care.

ConsumerWellness & FitnessTokyo, JP

Co-investorsDBJ CapitalFunds StartupsGlobal Brain

FOCUSfocus-ad.jp

FOCUS is a Japanese marketing company centered on SNS (social media) marketing, combining influencer casting, ad distribution, and AI-based analysis to help brands grow from awareness to sales.

AdTechCreator EconomyMarketing Tech

GO TODAY SHAiRE SALONshairesalon-go.today

GO TODAY SHAiRE SALON operates share salon businesses, providing salon space and related services for hairdressers and beauty professionals.

ConsumerMarketplacesPropTechSaaSWellness & FitnessTokyo, JP

Kunihiko Oba(Representative Director)Tamami Ozeki(Director)Munetoshi Masuda(Director)

Co-investorsW Inc.W ventures

GOOD VIBES ONLYgoodvibesonly.jp

Apparel DX support service 'Prock'

Co-investorsAPOLLO CAPITAL

GOOPASS株式会社goopass.co.jp𝕏

GOOPASS operates a subscription platform that provides access to hobby and recreational equipment including cameras, motorcycles, bicycles, and other gear.

ConsumerCreator EconomyMarketplacesTokyo, JP

高坂 勲(代表取締役 (Representative Director))美園 直人(取締役 (Director))照沼 大(取締役 (Director))

Co-investorsNTT DOCOMO VenturesRegional Revitalization Solution

Hrbrainhrbrain.jp𝕏

HR Brain offers a talent management platform covering personnel evaluations (with templates for OKR, MBO, and 1on1s, customizable sheets, AI-assisted goal and reflection reviews) and organizational diagnostic surveys that analyze employee expectations versus experience to identify engagement issues and turnover risk.

AI & Machine LearningFuture of WorkHR TechSaaS

Co-investorsGenesia Ventures

Jiraffejiraffe.co.jp𝕏

Jiraffe Inc. is a Japanese company that plans, develops, and operates internet services, and also runs a used-equipment buying and resale business.

Circular EconomyConsumerE-commerceMarketplacesTokyo, JP

Teruaki Aso(Representative Director (CEO))inHiroki Matsumoto(Director & COO, Head of magi Business Unit)Yuji Nagashima(Director & CFO, Head of Administration)

Co-investorsEast VenturesGreeAppWorks VenturesDIMENSIONmint VCSkyland Ventures

JPYCjpyc.co.jp

JPYC Inc. is a Tokyo-based issuer of a regulated Japanese yen-pegged stablecoin used for payments and settlement.

Noritaka Okabe(Founder)in

Co-investorsCanal VenturesCircle VenturesGlobal BrainHyperithmi-nest capitalIyogin Capital+6 more

JX Pressjxpress.net𝕏

JX Press provides AI-powered news and risk information distribution services to media companies, broadcasters, and government agencies in Japan.

AI & Machine LearningMedia & EntertainmentSaaSTokyo, JP

Katsuhiro Yoneshige(Representative Director)

Co-investorsGlobal BrainJIC Venture Growth Investments

Kipp Financial Technologieskipp-corp.com

Kipp Financial Technologies is a 2018-founded fintech startup offering a Banking-as-a-Service platform delivered as SaaS, providing modern APIs for functions such as money transfer, international branded card payments, charging, and credit/receivables management.

Enterprise SoftwareFintechSaaS

Takuya Nakajima(Representative Director, CEO & Co-founder)Megumi Tomita(Director, CTO & Co-founder)Yohei Tsugane(Director (Certified Public Accountant))

Lamplamp.jp

Kabushiki Kaisha Lamp builds SaaS and AI products for restaurants and food retailers in Japan, including Take-Eats, a customizable takeout order-taking and management system with online pre-order and payment, and Ritel, an AI marketing platform that consolidates customer data from takeout, e-commerce, POS, and apps for analysis and campaign delivery.

AI & Machine LearningRetail TechSaaS京都, JP

河野 匠

Co-investorsDnx VenturesG-STARTUP

Miive Welfare benefits platformmiive.jp

栗田廉(Founder)in

Co-investorsDnx VenturesGlobal BrainZ Venture CapitalGenesia Ventures

Mikatusmikatus.com𝕏

freee provides accounting, HR, and sales management software for small businesses and freelancers, helping them manage finances and operations without specialized expertise.

Enterprise SoftwareFintechHR TechSaaS

Co-investorsArbor VenturesSTRIVE

Minacolorminacolor.com𝕏

Minacolor (株式会社ミナカラ) operates an online health service in Japan that provides information about over-the-counter medicines and self-medication, drawing on data from the Self-Medication Database Center.

ConsumerDigital HealthHealthtech

Shinya Kina(Founder)in

Co-investorsSTRIVE

movus technologies株式会社mo-vus.com

Provides eco-car subscription services for low-credit consumers in Southeast Asia.

Co-investorsMirai Creation FundNippon Venture CapitalUNITEDGenesia Ventures

Noinnoin.shop

NOIN.shop is a Japanese online cosmetics store that sells beauty products including its own original brands of makeup and haircare.

ConsumerDirect to ConsumerE-commerce

Co-investorsKDDI Open Innovation FundMarubeni Ventures Inc.Sony Ventures CorporationSTRIVE

Non Brokers㈱non-brokers.com

House Revo provides internet-based services to activate the existing home resale market in Japan, reducing stress and information gaps for individuals buying or selling real estate.

MarketplacesPropTechTokyo, JP

東峯 一真(CEO)寺田 洋輔(CTO)

Co-investorsDBJ CapitalGenesia Ventures

Noveranovera.co.jp

Novera is a Japanese company founded in 2017 that applies AI technologies such as image recognition, natural language processing, and vector search to business use cases across the beauty and HR sectors.

AI & Machine LearningHR TechTokyo, JP

Kunitada Endo(代表取締役CEO (CEO))Yu Horie(COO)

Ohmyglassesohmyglasses.co.jp

Oh My Glasses operates an online eyewear retail platform and physical stores, alongside developing and selling a private brand line of glasses and sunglasses.

ConsumerE-commerceRetail TechTokyo, JP

清川 忠康

Co-investorsShizuoka Capital

OLTAolta.artin𝕏

Olta is a toolkit that enables creators and companies to publish and sell dynamic interactive experiences, including art, music, and stories, with built-in audience interaction features and integration with on-chain data for real-time rendering.

AI & Machine LearningCreator EconomyCrypto & Web3Media & EntertainmentSaaSBristol, GB

Iskra VelitchkovaEoghan O KeeffeTamratTerence Reilly(CEO + Co-founder)inGeorge Baldwin(CTO + Co-founder)

Co-investorsTechstarsD1 Ventures

Overflow Job Matching Platformoverflow.co.jp

Overflow operates "Offers," an AI-driven job-change platform for high-class engineers and product managers, and "AI Talent," a knowledge platform that verifies AI professionals' expertise through Q&A to match them with senior roles.

AI & Machine LearningFuture of WorkHR Tech

鈴木裕斗(代表 (CEO))

Co-investorsDnx Ventures

PATRApatrainc.jp

A Japanese-language content site publishing informational articles and guides about factoring as a financing method, covering topics like accounting treatment, application procedures, and how to choose factoring providers.

FintechMedia & Entertainment

Co-investorsGlobal Brain

Paytner Inc./Japanpaytner.co.jp

Paytner offers an invoice factoring service that advances payment on outstanding invoices, often same-day, to sole proprietors and freelancers in Japan.

Fintech

Co-investorsAngel Bridge Co.,Ltd.i Cubed VenturesW Inc.

POCKETALKpocketalk.jp𝕏

A company offering AI-powered translation devices and software for businesses serving customers or employees who speak different languages.

AI & Machine LearningEdTechEnterprise SoftwareHardwareSaaSTravel & Hospitality

Co-investorsDIMENSIONMiyako CapitalRakuten Capital

Popshootpopshoot.co.jp

Popshoot is a Japanese web services company that develops and operates online products, including a trading card e-commerce site and a mobile app.

ConsumerE-commerceGamingTokyo, JP

大山 敏浩(代表 (Representative Director))

Co-investorsGlobal Brain

Radiotalkradiotalk.jp

Radiotalk is a smartphone app for recording, editing, and live-streaming audio talk shows, letting creators broadcast live with listeners or record programs remotely with invited guests.

Creator EconomyMedia & EntertainmentSocial

Co-investorsShochiku VenturesSTRIVEXTech

Refcomerefcome.com

Refcome operates a referral recruitment service that helps companies hire employees through recommendations from existing staff.

HR TechSaaS

Co-investorsCanal VenturesOriental Land InnovationsANRIBEENEXTItochu Technology Ventures

Renoverurenoveru.co.jpin𝕏

Renoveru operates an integrated renovation platform that matches property renovation services between individual and corporate property owners with suppliers, aiming to promote circular economy practices in Japan's housing sector.

B2B MarketplacesCircular EconomyPropTechTokyo, JP

Co-investorsGlobis Capital PartnersIwagin Mirai Investment

RFルーカスrflocus.com

RF Locus develops technology that captures the real-time location and status of physical items such as inventory, materials, work-in-progress, molds, and jigs using RFID-based tracking.

HardwareLogistics & Supply ChainRetail Tech

ROXXroxx.co.jp

ROXX is a Japanese company that aims to raise the incomes of people without academic or career credentials by connecting individuals to opportunities and helping companies grow, using technology to address social challenges in Japan's shrinking labor market.

AI & Machine LearningB2B MarketplacesFuture of WorkHR TechSaaSTokyo, JP

Taro Nakajima(Representative Director & President (CEO))inDaisuke Ueki(Senior Executive Officer, COO / SVP of Business)Hiroto Nishimura(Senior Executive Officer / SVP of Corporate)inToshiki Takase(Executive Officer, CAO)Kota Matsumoto(Executive Officer, CTO)inGeorge Yoshimoto(Executive Officer, CFO)

Co-investorsJapan Post Capital Co. Ltd.Seibu Shinkin CapitalSkyland VenturesSMBC Venture Capital

RUNTEQrunteq.co.jp

RUNTEQ is a programming education company offering engineering training for people without prior experience, aimed at helping them build careers as software engineers, particularly at startups.

EdTech

菊本(代表取締役社長 (President & CEO))

Saiyo Kakarichosaiyo-kakaricho.com

Net On operates "Saiyo Kakaricho," a recruiting tool that lets stores and companies post job openings and recruit directly through their own websites, connecting job seekers and employers.

HR TechMarketing TechSaaS

Co-investorsShizuoka Capital

Scheemescheeme.jp

Scheeme is a cloud-based business management platform that combines KPI tracking with cash-flow management, letting companies consolidate financial and non-financial indicators, auto-generate cash-flow statements, digitize invoice management, and benchmark their performance against peers.

Enterprise SoftwareFintechSaaS

Siiibo証券株式会社siiibo.com𝕏

Siiibo Securities is an online brokerage firm operating a platform for private placement bond investment and issuance using web-based private placement mechanisms.

FintechTokyo, JP

Kazuki Komura(CEO)in小村 (Komura)(CEO)

Co-investors15th RockAngel Bridge Co.,Ltd.Beta venture capitalDnx VenturesRelicAozora Corporate Investment

SODENsoden-inc.jp

Soden combines battery storage with software that integrates and controls distributed batteries placed in small urban spaces, operating them collectively like a power plant to stabilize the electricity grid.

CleantechEnergyIoT

SORABITO株式会社sorabito.com

SORABITO develops cloud and paperless software for the construction and construction-equipment rental industries, including online rental ordering, inspection digitization, order management, and industry-specific payment cards.

B2B MarketplacesConstruction TechFintechSaaSTokyo, JP

青木 隆幸(Founder & Chairman)博多 一晃(President & CEO)

Board中山 良介(Director)

Co-investorsDG Daiwa VenturesPERSOL VENTURE PARTNERSTodaGMO VenturePartnersSTRIVEZENRIN FUTURE PARTNERS

spikaspika.co.jp𝕏

A platform connecting individual nail stylists with customers seeking personalized salon experiences, particularly focusing on independent nail salons in Japan.

ConsumerMarketplacesSaaSTokyo, JP

國府田勲(Representative Director)國府田 勲(代表取締役)

Co-investorsAccord VenturesSTRIVE

STACKstack.inc

STACK builds commerce and retail software for enterprise companies using Shopify, including an omnichannel retail operations system, a no-code native mobile app builder, a loyalty program, and a raffle-sale platform.

E-commerceRetail TechSaaS

Toranotectoranotec.com

TORANOTEC is a Japanese company that uses technology and its asset management subsidiaries to make investing more accessible, promoting a shift "from consumption to investment." It aims to help everyone build assets for the future.

Fintech

Co-investorsRakuten Capital

Upsiderup-sider.jpDec 2023

UPSIDER provides a corporate credit card solution for Japanese companies that enables spending control through customizable merchant restrictions, automated receipt collection, and integration with accounting software for streamlined financial operations and compliance.

Enterprise SoftwareFintechSaaSMinato-Ku, Tokyo, JP

Tomonori Mizuno(Executive Officer, Director)Toru Miyagi(Executive Officer, Director)Yuhei Hara(Executive Officer)inKensuke Tsujimoto(Executive Officer)

BoardGen Isayama(Director)Mitch Kitamura(Director)

Co-investorsDnx VenturesGlobal BrainANRI

Upsider 法人カード「UPSIDER」up-sider.com

UPSIDER offers a corporate card and spend management platform for companies in Japan, with spending controls, real-time transaction data, and automated receipt collection.

Enterprise SoftwareFintechSaaS

Toru Miyagi(Founder)Toshiki Mizuno(Founder)

Co-investorsbasepartnersDnx VenturesGlobal BrainWorld Innovation Lab (WiL)

Yoriso Co., Ltd.yoriso.com

Japanese end-of-life services company that connects bereaved families to funeral homes and Buddhist monk-dispatch services online.

Tokyo, JP

芦沢 雅治(代表取締役 (Representative Director))Masaharu Ashizawain篠﨑 新悟(代表取締役 (Representative Director))

Co-investorsGlobal BrainGlobis Capital PartnersSony Ventures CorporationAG CapitalCygames CapitalJapan Finance+5 more

アキカツ (Aki-katsu)aki-katsu.co.jp𝕏

Akiya Katsuyo (空き家活用株式会社) builds systems to bring vacant homes back into the market in Japan, including a portal connecting vacant-home owners with users and developing new reuse models for such properties.

B2B MarketplacesImpact & Social GoodMarketplacesPropTechTokyo, JP

湯浅 巌(代表取締役社長 (President & CEO))

Co-investorsCanal VenturesAozora Corporate InvestmentGenesia Ventures

エスマットsmartmat.io

SmartMat offers "SmartMat," an IoT weight-scale device that tracks inventory by weight so stock levels are recorded automatically as items are added or removed.

IoTLogistics & Supply ChainSaaS

エルピクセル㈱lpixel.net𝕏

LPIXEL develops AI-based image analysis products for the life sciences and healthcare fields, including medical image diagnostic support technology and drug discovery image analysis tools.

AI & Machine LearningDeep TechDigital HealthHealthtechMedical DevicesTokyo, JP

Tomihisa Kamada(CEO)

Co-investorsDBJ CapitalNippon Venture CapitalShizuoka Capital

カウシェkauche.com

Kauche Farm is a gamified mobile app feature integrated into the Kauche app where users nurture virtual crops through daily watering and quests to earn free product coupons.

ConsumerGamingMarketplacesSocialTokyo, JP

Kempei Monna(Founder)in

Co-investorsDelight VenturesDentsu VenturesGlobal BrainMobile Internet Capital, Inc.New Commerce VenturesPrime Partners+1 more

スマートアイデアsmart-idea.jp

Smart Idea is a Japanese fintech company that develops mobile apps to help people manage personal finances.

ConsumerFintechSaaS

Shohei Ejiri(Representative / CEO)

スマートバンクsmartbank.co.jp𝕏

SmartBank is a financial services company licensed as a money transmitter and prepaid payment instrument provider in Japan.

FintechTokyo, JP

Shota Horii(Founder)inYuta Horii(Founder)inJun Taketani(Founder)

Co-investorsDBJ CapitalGlobal BrainGlobis Capital PartnersGMO VenturePartnersSpiral Innovation PartnersZ Venture Capital

ダンドリワークdandori-work.co.jp

Dandori Work develops a construction site management (施工管理) app for the construction industry, aiming to improve industry practices through IT.

Construction TechSaaSShiga, JP

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

2NDCOMMUNITY600株式会社A'alda Japan Co., Ltd.AsobibaChipee, Inc./JapandricosFOODCODELEAN BODYREGALISumatenTakeMeTIEUPSUNITOヴァレイシェアリングエネルギードリコスパズルリングマンションマーケットリノべるローンマッチング住宅ローン診断カンパニー株式会社トランスファーデータ株式会社リーディングマーク Personality Techを活用したHR事業

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has AG Capital Co. Ltd. made?
AG Capital Co. Ltd. has 106 tracked investments, 2 of which have exited.
What stage does AG Capital Co. Ltd. invest at?
AG Capital Co. Ltd. invests at the Seed, Series A, Series B, Growth stages.
What sectors does AG Capital Co. Ltd. focus on?
AG Capital Co. Ltd. focuses on Cleantech, Climate Tech, Consumer, Data & Infrastructure, E-commerce, Enterprise Software, Fintech, Hardware, Healthtech, Medical Devices, Retail Tech, Sector Agnostic.
Where is AG Capital Co. Ltd. located?
AG Capital Co. Ltd. is headquartered in Tokyo, JP.
Who does AG Capital Co. Ltd. co-invest with?
AG Capital Co. Ltd. most often shares deals with Global Brain, Canal Ventures, STRIVE, among 96 tracked co-investors.

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