Gazelle Capital
Venture capitalPre-Seed–Series A · 1 people tracked
Find your way into Gazelle Capital
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 11 of 16 portfolio companiesSaaS ×7Enterprise Software ×4AI & Machine Learning ×3HR Tech ×3EdTech ×2Hardware ×2Sales Tech ×2B2B Marketplaces ×1
HQs:Japan×11
Investments · 16 tracked
founders shown can be your intro pathA funding announcement page for 株式会社小田原社中 (Odawara Shachu), stating the company raised 40 million yen through a third-party allotment to Gazelle Capital.
AI & Machine LearningPropTechSales TechSector AgnosticOdawara, JP
Sato Rei
PartnerIshibashi Kotaro· solo GP
ASTINA 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))in
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-investorsCanal VenturesDBJ CapitalGenesia Ventures
Katagruma (カタグルマ) is a Japanese ICT tool for childcare, education, and therapeutic-care facilities that supports staff management, evaluation, and development along with facility operations.
EdTechHR TechSaaS
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くもんの四半世紀ぶりM&Aは本当にハッピーディールか｜ヒューリック100億買収・年1〜2件のスイングバイIPO事例を紐解く【スタートアップM&A賛否 vol.06】
スタートアップ投資TV
敵に社長を譲ったGOの資本戦略｜持たざる経営で時価総額1860億円を作った方法【スタートアップビジネス研究室vol.04】
スタートアップ投資TV
「投資しないとわからない」段階的M&Aが加速する理由｜3.6億円脱税・エンジェル税制悪用は増えていく【スタートアップ賛否 vol.15】
スタートアップ投資TV
【出資の分かれ道】100億円VCが投資したい”誠実な起業家”の見極め方｜外から応援される会社の共通点【DIMENSION 宮宗孝光】
スタートアップ投資TV
【SO枠を温存】自社株を渡さずに資金調達できる”疑似株”のリアル｜ファントムストックの全貌【融資相談室 Acompany 植木修造／Botica LLC・Funds Startups 佐々木雅人】
スタートアップ投資TV
【成功率50%】創業27年VCの”打率”が高い理由｜累計400億ファンドの生存戦略【モバイル・インターネットキャピタル 稲垣泰仁】
スタートアップ投資TV
Images
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