D Capital
Private equityMinato-Ku, Tokyo · Growth–Late Stage
Also known as D Capital, Inc.
Investment thesis
D Capital is a Japan-focused private equity firm that acquires and invests in established operating companies, supporting corporate value creation through digital transformation (DX), e-commerce expansion, and operational improvements.
Source: firm website, verified Aug 25, 2026.
What they invest in
from 8 of 9 portfolio companiesConsumer ×5FoodTech ×3Retail Tech ×2AdTech ×1Advanced Manufacturing ×1Data & Infrastructure ×1Digital Health ×1E-commerce ×1
HQs:Japan×8
Investments · 9 tracked
founders shown can be your intro pathCatalina operates a retail media and marketing platform in Japan built on first-party purchase data, partnering with over 120 retail companies across more than 10,000 stores and collecting roughly 500 million receipt records monthly.
AdTechData & InfrastructureMarketing TechRetail TechTokyo, JP
A Hiroshima-based Japanese company that runs consumer businesses, including the ZAN brand, with an interest in overseas expansion.
ConsumerHiroshima, JP
Francfranc is a lifestyle brand that designs and sells home and interior products aimed at making everyday life more enjoyable.
ConsumerE-commerceRetail Tech
Kabaya Foods is a Japanese confectionery manufacturer that produces and sells gummies, refreshing candies, chocolate, and toy-accompanied snacks (products such as 'Saku Saku Panda' and 'Juu C').
Advanced ManufacturingConsumerFoodTechTokyo, JP
穴井 哲郎(代表取締役社長 (President & CEO))
Nihon Kyoiku Kyokai (Japan Education Association) operates individual-instruction cram schools (tutoring classrooms) for students and their parents in the Tokyo metropolitan area, with locations near stations such as Ogikubo, Mitaka, Kunitachi, Shin-Yurigaoka, Ebina, Kawaguchi and Tokorozawa.
EdTechTokyo, JP
Oyatsu is a Japanese snack food company that manufactures and sells various snack products including ramen-based snacks and fried food items.
ConsumerFoodTech
Sokan is a Japanese food manufacturer that produces snacks made from natural ingredients, including kelp stems (kuki-wakame/mekabu), dried sweet potato, pickled plum (ume), and lotus root chips.
ConsumerFoodTech
Kenichi Itayama(代表取締役 社長執行役員 (President & Representative Director))Yukihiro Suzuki(取締役 副社長執行役員/管理本部長 (Director, Executive Vice President))Koichi Shomura(取締役 常務執行役員/事業本部長/経営企画室長 (Director, Managing Executive Officer))Takanobu Kawamata(執行役員/製造本部長 (Executive Officer, Head of Manufacturing))
Co-investorsAnt Capital Partners
WyL provides home-based nursing and care services including visiting care, intensive home care, and medical care housing across Japan.
Digital HealthHealthtechMedical Devices
Frequently asked questions
- How many investments has D Capital made?
- D Capital has 9 tracked investments.
- What stage does D Capital invest at?
- D Capital invests at the Growth, Late Stage stages.
- What sectors does D Capital focus on?
- D Capital focuses on Sector Agnostic.
- Where is D Capital located?
- D Capital is headquartered in Minato-Ku, Tokyo, JP.
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