Dnx Ventures
Venture capitalTokyo · Seed–Series A · 3 people tracked
Also known as DNX ANNEX JAPAN III,LLC · DNX ANNEX JAPAN IV LLC · DNX III, LLC · DNX JAPAN IV LLC · DNX SEED JAPAN II,LLC · DNX VENTURE PARTNERS IV, LLC · DRAPER NEXUS VENTURE PARTNERS II, LLC
Investment thesis
DNX Ventures, through its Japan Fund, backs early-stage B2B software startups at seed and Series A, with a strong emphasis on AI software. The firm believes Japan's aging population, labor shortage, and growing need to digitize operations create a major opportunity for B2B software to transform legacy industries over the coming decade. It seeks founders with strong vision and clear strategies for industry transformation, offering a multicultural team with investing, operating, and entrepreneurial experience to support portfolio companies. DNX also runs SPROUND, a collaborative office and community focused on seed-stage startup incubation.
Source: firm website, verified Aug 7, 2026.
Team · 3 people
from public directoriesWhat they invest in
from 77 of 214 portfolio companiesAI & Machine Learning ×34SaaS ×32Enterprise Software ×22Cybersecurity ×13Cloud Computing ×9Data & Infrastructure ×8Fintech ×8Deep Tech ×7
HQs:Japan×29United States×23Finland×1Israel×1South Korea×1
Investments · 214 tracked
founders shown can be your intro pathimmedio develops an AI-powered inside sales product (also offering features like immedio Forms, immedio Box, and Salesforce integration) that automates the generation of qualified sales meetings for B2B companies.
AI & Machine LearningMarketing TechSaaSSales TechTokyo, JP
浜田 英揮(代表取締役 (CEO))Hideki Hamada(Representative Director (CEO))
MedUp develops and provides medical/healthcare IT systems, including software supporting regional healthcare collaboration for medical institutions.
Digital HealthHealthtechSaaSTokyo, JP
Takeshi Yanagiuchi(Founder & Representative Director / CEO)
FeedTeam is a mobile and web platform for agricultural feed distributors that provides real-time visibility into customer data, sales performance, and feed positions integrated with agricultural ERPs and financing solutions.
AgTechB2B MarketplacesEnterprise SoftwareSaaSAustin, US
Eli Rosenberg(Executive Officer, Director, Promoter)Alexander M. Reichert(Executive Officer, Director, Promoter)
BoardDrew Oetting(Director)David Yuan(Director)
Albedo develops a flight-proven platform for Very Low Earth Orbit operations, providing satellite-based insights and connectivity services for national security and critical infrastructure systems.
Advanced ManufacturingClimate TechDeep TechDefense TechSpace TechDenver, US
Topher Haddad(Founder)inAyJay Lasater(Founder)inWinston Tri(Executive Officer, Promoter)Dylan Betts(Executive Officer)
BoardChristian Garcia(Director)Raj Shah(Director)
Alloy Partners is a venture builder that co-creates startups and venture studios with corporations to drive innovation and growth.
Developer ToolsEnterprise SoftwareFuture of WorkIndianapolis, US
Elliott Parker(CEO)in
Anthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems.
AI & Machine LearningDeep TechSan Francisco, US
Dario AmodeiDaniela Amodei
Appdome provides a no-code platform for developers and DevSecOps teams to build secure Android and iOS applications.
CybersecurityDeveloper ToolsSaaS
Tom(CEO)
Asterminds builds InTake, an AI hearing agent that automates the design, execution, and analysis of interviews to collect and organize first-hand information from employees, customers, and experts for decision-making.
AI & Machine LearningHR TechSaaS
Shinjiro Honda(CEO)Ryo Kagaya(CTO)
Axiom Math is a platform that enables users to test proof verification, extract theorems, and experiment with proof transformations quickly.
AI & Machine LearningDeep TechEdTech
Carina Hong(Founder & CEO)
Menlo Park, US
Gunnar Carlsson(Executive Officer, Director)Karen Richardson(Director)Harlan Sexton(Executive Officer)Gurjeet Singh(Executive Officer, Director)Steve Harrick(Director)Ann Miura-Ko(Director)
Beatrust provides a comprehensive solution that uses generative AI to visualize employee skills and experience from internal information, enabling collaboration and optimizing human capital allocation within organizations.
AI & Machine LearningEnterprise SoftwareHR Tech
Bright Security develops an AI-powered application security platform that automates detection, remediation, and validation of security vulnerabilities integrated into the software development lifecycle.
AI & Machine LearningCybersecurityDeveloper ToolsSaaS
Catch is an in-store retail media platform that turns physical store traffic into a monetizable advertising channel, personalizing shopper experiences and delivering targeted content in real time without collecting personal data.
AdTechMarketing TechRetail Tech
Cloudbase develops a security product aimed at addressing cloud security risks that hinder cloud-native development.
Cloud ComputingCybersecurityEnterprise SoftwareSaaS
Cofactr operates an electronics supply chain platform providing component intelligence, procurement execution, and ITAR-registered warehousing services for hardware manufacturers.
Advanced ManufacturingEnterprise SoftwareHardwareLogistics & Supply ChainNew York City, US
Matthew Haber(Founder)inPhillip Gulley(Founder)in
BoardAJAY AGARWAL(Director)
Crisp is a vertical AI retail data platform that integrates, cleans, and standardizes CPG and retail data from sources like retailer portals, syndicated data, ERPs, and EDI, and deploys AI agents to generate insights and automate actions across merchandising, demand forecasting, category management, and supply chain operations.
AI & Machine LearningData & InfrastructureRetail Tech
Cylance is an AI-based endpoint security provider whose prevention, detection, and response technology has been integrated into Arctic Wolf's Aurora Endpoint Security platform.
AI & Machine LearningCybersecurityEnterprise Software
Dairii (ダイリー株式会社) builds an insurance-industry-specific vertical AI SaaS that automates insurance agency work such as quoting, applications, renewals, policy maintenance, and inbound call handling.
AI & Machine LearningInsurTechSaaSTokyo, JP
LiveRamp is a data collaboration platform that connects first-, second-, and third-party data to enable AI-driven advertising and marketing for brands, publishers, and platforms.
AdTechData & InfrastructureMarketing TechSan Francisco, US
Scott Howe(CEO)
Diggle is a SaaS platform for budget and forecast management that automates variance analysis and data aggregation to replace spreadsheet-based processes.
Data & InfrastructureEnterprise SoftwareSaaSTokyo, JP
Diligent Robotics develops AI-powered robot assistants for healthcare settings, focusing on mobile manipulation and social intelligence to help hospital staff with routine non-patient-facing tasks.
AI & Machine LearningHealthtechMedical DevicesRoboticsAustin, US
Andrea Thomaz(Founder & CEO)
Enlighted provides space and workplace management solutions that help facility owners manage workspace bookings, navigate office layouts, and monitor real-time space utilization and environmental conditions to optimize operations and reduce costs.
IoTPropTech
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
Exits · 1
IPOs and acquisitions across the tracked portfolioNotionacq. by Comcast
Portfolio news
latest coverage across their companiesRoq.ad アイデンティティ・リゾリューション・ソフトウェア · intelligence360.news · Jul 30, 2026
Anthropic AI Safety and Research · techcrunch.com · Jul 20, 2026
Axiom · aiweekly.co · Jul 17, 2026
Uplift Travel financing · news.bloomberglaw.com · Jul 17, 2026
Obsidian · ign.com · Jul 16, 2026
Mitiga インシデントレスポンスプラットフォーム · calcalistech.com · Jul 16, 2026
Paystand Blockchain-enabled B2B payment platform · finance.yahoo.com · Jul 15, 2026
Spangle AI · newmarketpitch.com · Jul 13, 2026
Frequently asked questions
- What stage does Dnx Ventures invest at?
- Dnx Ventures invests at the Seed, Series A stages.
- What is Dnx Ventures's typical check size?
- Dnx Ventures typically writes checks of $1M – $5M.
- 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, Marketing Tech, Retail Tech, SaaS.
- Where is Dnx Ventures located?
- Dnx Ventures is headquartered in Tokyo, JP.
- Does Dnx Ventures lead rounds?
- Dnx Ventures typically participates in rounds rather than leading them.
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Co-investors · 87
Menlo Ventures is a venture capital firm that backs transformative, early-stage technology companies reshaping how people live and work.
Greylock Partners is a venture capital firm that backs founders at the earliest stages, often as their first investor before a product exists.
Streamlined Ventures is an early-stage venture firm that partners with founders and invests at the seed stage to help build large-scale companies.
Madrona Venture Group is an early-stage venture capital firm that backs founding teams at seed, early, and acceleration stages, primarily in Seattle, the Bay Area, and beyond.
Spark Capital is a venture capital firm that backs founders across technology and consumer companies; it notably led Twitter's Series B in 2008.
IVP (Institutional Venture Partners) is a venture capital firm that backs high-growth companies, drawing on five decades of experience investing in 400 companies with 135+ IPOs.
Canaan is an early-stage venture capital firm backing founders with transformative ideas across technology and healthcare.
FundersClub is an online venture capital firm run by startup founders and VCs based in Silicon Valley, providing portfolio companies with software tools and a global network to support their growth.
Ridge Ventures is a focused venture capital fund that backs experienced founders building revenue-first enterprise software companies at the late seed and early Series A stages.
Dell Technologies Capital (DTC) is the venture investment arm of Dell Technologies, investing in early-stage enterprise technology companies across the U.S., Israel, and Europe.
468 Capital is a technology investment firm with offices in Berlin and San Francisco that invests across multiple stages in software, AI, and internet companies. The firm focuses on thesis-driven investments in businesses with experienced founding teams.
Ten Eleven Ventures is a venture capital firm focused on cybersecurity, providing capital, connections, and expertise to security technology entrepreneurs.
▶75 more co-investors
Tunitas VenturesSyn Ventures Seed Management LlcBessemer Venture PartnersAccelFJ LabsTrue VenturesSignalFireFloodgateRed Swan VenturesOurCrowdAccelerator VenturesFusionThink+ Ventures Management, LlcNext Coast VenturesGlilot Capital PartnersFrontier Venture CapitalSpace CapitalMercury FundFounders FundCraft VenturesFounder CollectiveUnknown VenturesUberCRV (Charles River Ventures)Great Oaks Venture CapitalTiger Global ManagementBattery VenturesACME CapitalPartech VenturesSlow VenturesLux CapitalLookout VenturesFlybridge Capital PartnersMeritech Capital PartnersBonfire VenturesIA VenturesTrajectory VenturesDN CapitalWEEKENDKortschak Investments L.P.CyberstartsWGI GroupUnusual VenturesDraper Fisher Jurvetson (DFJ)Pelion Venture PartnersMarch Capital PartnersBallistic VenturesBaseline VenturesNFXPolychain CapitalWork-BenchHighland Capital PartnersFf Venture CapitalRecursive VenturesBlue Owl CapitalBlueRun VenturesSignia Venture PartnersDrive CapitalAVVDeciensSyngenta Group VenturesBioGeneration VenturesLigature VCRichmond Global VenturesOCA VenturesDocuSignSaints Capital7GC & CoBrewer Lane VenturesAperiam VenturesDrummond Road CapitalNew Stack VenturesReciprocal VenturesMAGIC FundBoom Capital
Firms observed investing alongside Dnx Ventures, from public investor directories. Shared companies are the overlap with Dnx Ventures's recorded portfolio.
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