Gazelle Capital
Venture capitalPre-Seed–Series A · 1 people tracked
Investment thesis
Gazelle Capital focuses on backing pre-seed and seed-stage startups in Japan (with some pre-Series A), targeting companies that update legacy industries such as manufacturing, construction, medical/nursing care, and real estate through digital transformation. It invests in both B2B and B2C companies and provides checks of up to 50 million yen. The firm believes Japan needs more entrepreneurs to drive innovation and regain global presence, and dedicates itself to investing in and supporting founders in their earliest stages. Exits are expected via IPO, M&A, or secondary sales, with a fund term running to March 2034.
Source: firm website, verified Aug 3, 2026.
Team · 1 people
from the firm's website
What they invest in
from 9 of 16 portfolio companiesSaaS ×6Enterprise Software ×4AI & Machine Learning ×2Hardware ×2HR Tech ×2B2B Marketplaces ×1Cloud Computing ×1Consumer ×1
HQs:Japan×10
Investments · 16 tracked
founders shown can be your intro pathASTINA is a Japanese development company providing DX (digital transformation) and IoT product design, prototyping, mass production, and system operation, along with AI and robotics device development.
AI & Machine LearningHardwareIoTRoboticsTokyo, JP
儀間 匠
PartnerIshibashi Kotaro· solo GP
Conexi operates recruitment and shift management platforms for home care nurses and caregivers in Japan.
HealthtechHR TechTokyo, JP
PartnerIshibashi Kotaro· solo GP
deex provides consulting services and tools to help companies optimize their partnership business strategies, including partner success consulting, partner management and development software, and partner sourcing support services.
Enterprise SoftwareSaaSSales TechTokyo, JP
PartnerIshibashi Kotaro· solo GP
Co-investorsANOBAKACyberAgent Capital
Paintnote is a cloud-based order and purchase management system that digitizes order/quotation records and centralizes transaction data for businesses.
Cloud ComputingEnterprise SoftwareSaaSTokyo, JP
PartnerIshibashi Kotaro· solo GP
Payn operates a service that automates the billing and collection of cancellation fees for businesses, pulling data from various reservation platforms to issue charges.
Enterprise SoftwareFintechSaaS
Kyohei Yamashita(代表取締役CEO (Representative Director & CEO))
PartnerIshibashi Kotaro· solo GP
Co-investorsGenesia VenturesAPOLLO CAPITALGxPartners
Recustomer develops and operates a post-purchase e-commerce platform offering products for returns and cancellations, trial purchases, and delivery tracking.
E-commerceRetail TechSaaSTokyo, JP
Yasuhiro Shibata(代表取締役 CEO)Shota Tsujino(COO)
PartnerIshibashi Kotaro· solo GP
Co-investorsMobile Internet Capital, Inc.
PartnerIshibashi Kotaro· solo GP
TECH MONSTER Inc. produces HTML5-based e-learning and game content and operates the "Contents Monster System," a content-delivery platform handling distribution, user management, download reporting, and high-load streaming infrastructure.
EdTechGamingSaaSUndefined, JP
京保 雄一(代表者 (Representative))
PartnerIshibashi Kotaro· solo GP
kiwami, inc. develops and operates digital products including the "xR Cast" VR virtual store-clerk solution, the "Ratel AI" AI solution, and glasses-free VR technology.
AI & Machine LearningConsumerEnterprise SoftwareHardwareMedia & EntertainmentSaaSTokyo, JP
三鴨 千早(代表者 (Representative))
PartnerIshibashi Kotaro· solo GP
PartnerIshibashi Kotaro· solo GP
PartnerIshibashi Kotaro· solo GP
Co-investorsi Cubed Ventures
PartnerIshibashi Kotaro· solo GP
Co-investorsCanal VenturesDBJ CapitalGenesia Ventures
PartnerIshibashi Kotaro· solo GP
Hanowa is a matching platform that connects dental healthcare workers (such as dental hygienists) seeking flexible work with dental clinics needing staff for specific shifts.
B2B MarketplacesHR Tech
PartnerIshibashi Kotaro· solo GP
Co-investorsANOBAKAJapan startup support Association
PartnerIshibashi Kotaro· solo GP
Co-investorsKUSABI
Frequently asked questions
- How many investments has Gazelle Capital made?
- Gazelle Capital has 16 tracked investments.
- What stage does Gazelle Capital invest at?
- Gazelle Capital invests at the Pre-Seed, Seed, Series A stages.
- What is Gazelle Capital's typical check size?
- Gazelle Capital typically writes checks of $340K.
- What sectors does Gazelle Capital focus on?
- Gazelle Capital focuses on Advanced Manufacturing, Construction Tech, Consumer, Enterprise Software, Healthtech, PropTech, Sector Agnostic.
- Who does Gazelle Capital co-invest with?
- Gazelle Capital most often shares deals with ANOBAKA, Canal Ventures, CyberAgent Capital, among 10 tracked co-investors.
Media · Podcasts & interviews
from their channel【みずほ新ファンド】始動3ヶ月で10社投資＆爆速2万件面談｜とにかく会って探す“本気の投資先”とは【みずほフィナンシャルグループ 中馬 和彦 vol.02】
スタートアップ投資TV
【世界で戦える事業創出】みずほ銀行の新戦略ファンドは「自社の都合」を考えない｜再始動のキーマンが語る“探索投資”の実態【みずほフィナンシャルグループ 中馬 和彦 vol.01】
スタートアップ投資TV
【10年に1度の好機】”エグジット8割がIPO”の時代が終わる｜今後3年でスタートアップM&A市場が激変する理由【スタートアップM&A全集vol.28】
スタートアップ投資TV
【生存戦略】シードVCがこれからの時代を勝ち抜く条件｜IVS2026生の声【スタートアップ賛否 vol.14】
スタートアップ投資TV
【投資基準】定着率20%の市場で勝つ仕組み｜地銀VCが選んだ「続かない客」を狙う戦略【百十四銀行 西坂章／百十四共創投資 椿貴裕 vol.02】
スタートアップ投資TV
「出資はメニューの1つ」地方・海外に繋ぐ販路開拓｜エクイティにとらわれない地銀VCのスタートアップ支援【百十四銀行 西坂章／百十四共創投資 椿貴裕 vol.01】
スタートアップ投資TV
Images
Similar investors
Colle Capital Partners is a venture capital firm that invests across technology-driven sectors, backing companies in AI, healthcare, fintech, construction, energy and other markets globally.
Betatron is an early-stage venture firm with teams in Hong Kong and Singapore that invests in exit-focused B2B technology startups serving Asia's largest traditional industries.
MPG Fund is an early-stage venture investor backing technology startups.
Transcend Capital Partners is an Asia-focused venture capital firm backing global-first founders and companies expanding into Asia, investing in AI, automation, enterprise AI, climate, and deep technology.
Sandwater is a Nordic venture capital firm that backs early-stage companies developing solutions aimed at driving positive change, emphasizing collaboration and transparency in supporting founders.