D Capital
Private equityMinato-Ku, Tokyo · Growth–Late Stage
Also known as D Capital, Inc.
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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 Sep 29, 2026.
What they invest in
from 8 of 9 portfolio companiesConsumer ×5FoodTech ×3Advanced Manufacturing ×2Retail Tech ×2AdTech ×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 Japanese manufacturer and seller of billiard equipment, including cues, tips, and chalk, serving players and retailers worldwide through overseas distributors across 25+ countries.
Advanced ManufacturingConsumerHiroshima, JP
Masato Hiraoka(Chairman)Kazumi Kuwahara(President)
Co-investorsExSight VenturesGICNP-Hard Ventures
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
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
FC Standard Logics / Chugai Kaiun Soko
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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