Dnx Ventures
Venture capitalTokyo · Seed–Series A
Investment thesis
DNX partners with founders building category-defining B2B startups that address fundamental enterprise challenges. The firm invests in early-stage companies across SaaS, cloud infrastructure, cybersecurity, deeptech, sustainability, hardware, retail technology, and finance, with a focus on teams operating in or connected to the United States and Japan markets.
Source: firm website, verified Jul 21, 2026.
What they invest in
from 10 of 13 portfolio companiesSaaS ×5Developer Tools ×4Enterprise Software ×4AI & Machine Learning ×3Future of Work ×2Cloud Computing ×1Construction Tech ×1Crypto & Web3 ×1
HQs:Japan×5United States×2
Investments · 13 tracked
founders shown can be your intro pathSPROUND is a startup hub and flexible office space in Tokyo's Shinagawa district that provides offices, community resources, and infrastructure for early-stage companies. Operated by real estate developer Nippon Steel Kowa and backed by venture capital firm DNX Ventures, it serves as a physical and knowledge-sharing center for startups.
Future of WorkPropTechTokyo, JP
Alloy Partners is a venture builder that co-creates startups and venture studios with corporations to drive innovation and growth. It helps large organizations overcome barriers to disruptive innovation by combining corporate resources with entrepreneurial teams.
Developer ToolsEnterprise SoftwareFuture of WorkIndianapolis, US
Elliott Parker(CEO)<UNKNOWN>
ANDPAD is a cloud-based construction project management service that centralizes site operations and business management for builders and contractors. The platform, available primarily via smartphone app, serves construction firms in Japan across new builds, renovations, and commercial projects.
Cloud ComputingConstruction TechSaaS
Bright Security develops an AI-powered application security platform that automates detection, remediation, and validation of security vulnerabilities integrated into the software development lifecycle. The platform targets development and AppSec teams seeking to accelerate secure software delivery.
AI & Machine LearningCybersecurityDeveloper ToolsSaaS
Coalesce provides a unified platform for data teams to manage transformation, cataloging, and quality monitoring. It enables teams to move from data requests to production-ready pipelines in a single governed system, designed for both engineers and AI agents.
Data & InfrastructureDeveloper ToolsEnterprise Software
TechTouch is a Digital Adoption Platform (DAP) that improves user experience on web systems and applications through intuitive operational guides and navigation. The solution serves enterprises, public sector organizations, and SaaS providers seeking to reduce user errors, improve onboarding efficiency, and enhance system adoption.
Developer ToolsEnterprise SoftwareSaaSTokyo, JP
FLUX provides AI transformation consulting and services to enterprises, including AI strategy consulting (FLUX Insight), recruitment support leveraging AI matching (FLUX Agent), and digital marketing services powered by AI and creative (FLUX Marketing).
AI & Machine LearningEnterprise Software
Moja is a financial technology platform that enables families and friends to save money together across geographic boundaries. The company builds tools designed to strengthen family bonds and build communities rather than disrupt traditional social structures.
Crypto & Web3FintechCambridge, US
Gerard McHugh(Founder, CEO)Tarig Hilal(Founder, CPO)
Kakehashi develops digital transformation products for Japan's approximately 60,000 community pharmacies, focusing on digitization of pharmacy operations and personal health record implementations. The company also operates a pharmacy and healthcare industry conference and conducts research on pharmacy DX and healthcare innovation.
Digital HealthHealthtechSaaS
Spangle delivers adaptive commerce experiences powered by AI agents that leverage discovery context from social and agentic platforms to improve conversion and ROI for retail brands and direct-to-consumer companies.
AI & Machine LearningE-commerceRetail TechSaaS
Maju Kuruvilla(CEO & Founder)Fei Wang(Co-Founder/Chief AI Scientist/CTO)Yufeng Gou(Co-Founder/Head of Engineering)Karen Moon(CCO)
Frequently asked questions
- What stage does Dnx Ventures invest at?
- Dnx Ventures invests at the Seed, Series A stages.
- What sectors does Dnx Ventures focus on?
- Dnx Ventures focuses on AI & Machine Learning, Cleantech, Climate Tech, Cloud Computing, Cybersecurity, Deep Tech, Enterprise Software, Fintech, Hardware, Retail Tech, SaaS.
- Where is Dnx Ventures located?
- Dnx Ventures is headquartered in Tokyo, JP.
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