Inclusion Japan
Venture capitalPre-Seed–Growth
Also known as インクルージョン・ジャパン株式会社
Investment thesis
Inclusion Japan (ICJ) aims to create a 'society with a tangible sense of involvement' by providing opportunities, occasions and environments that expand individual possibilities. The firm invests in and provides hands-on execution support to startups, emphasizing bringing together diverse, exceptional talent to build breakthrough businesses. ICJ runs its second venture fund and operates what it describes as Japan's first VC fund dedicated to search funds, reflecting a focus on early-stage venture creation, incubation and organizational transformation.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 23 of 33 portfolio companiesSaaS ×8AI & Machine Learning ×6Cleantech ×4Enterprise Software ×4Hardware ×4Healthtech ×4Climate Tech ×3Fintech ×3
HQs:Japan×16Ethiopia×4
Investments · 33 tracked
founders shown can be your intro pathAddis Software is a custom software development firm that builds tailored web and application solutions for businesses seeking digital transformation and operational optimization.
Developer ToolsEnterprise SoftwareSaaSAddis Ababa, ET
Abenezer
AstroX is a Japanese space transportation company developing hybrid rocket and propulsion technology to build domestic space launch infrastructure.
Deep TechHardwareSpace TechMinamisoma, JP
Shobu Oda(Representative Director & CEO)Yutaka Wada(CTO)
Co-investorsANOBAKAShizuoka Capital
Dodai builds electric motorcycles designed for African roads, along with IoT-enabled battery systems and a battery-swapping station network.
CleantechHardwareMobility & TransportationAddis Ababa, ET
Yuma Sasaki(Founder / CEO)Abenezer Yakob(CTO)Hilina Legesse(SVP / Head of Corporate Services)Chuan Yee(Head of Engineering & Production)Samuel Tariku(VP / Head of Commercial)Piniel Berhane(VP / Head of Finance)
Co-investorsSpiral CapitalSpiral Innovation PartnersUTokyo Innovation Platform Co. Ltd.
enstem develops industry-specific services for non-desk workers that use smartwatches and vital-sensing devices to monitor health and safety.
Digital HealthHealthtechIoTSaaSTokyo, JP
Kanta Yamamoto(代表取締役 (Representative Director / CEO))
Co-investorsDG Incubation
An accelerator program operated by MUFG ICJ that connects startups and small-to-medium enterprises with large corporations and financial institutions for collaborative projects focused on ESG and sustainability goals.
Impact & Social Good
Kamakura-based company using data-driven behavior change; develops a self-monitoring habit app.
Co-investorsW Inc.
Gebeya provides an AI platform with proprietary data and language models to enable intelligent automation for independent professionals and businesses across Africa.
AI & Machine LearningEdTechSaaSAddis Ababa, ET
Co-investorsConsonance Investment Managers
GoodayOn is a digital marketplace in Addis Ababa that connects households and businesses with vetted service providers for cleaning, cooking, babysitting, maintenance, renovation, and hiring.
ConsumerFuture of WorkMarketplacesSaaSAddis Ababa, ET
Alem Abreha(Co-founder & CEO)inTigist Afework(Co-Founder & COO)inBethel Tesfaye(CMO)in
Co-investorsANOBAKADG Incubation
Hatena is a Japanese social bookmarking and blogging platform that aggregates user-curated content and discussions.
Media & EntertainmentSocialTokyo, JP
Co-investorsFast Track Initiative
Impact Circle builds a global team of experts in business development, microfinance, and governance to create social impact in both Japan and emerging markets.
FintechImpact & Social GoodSocialTokyo, JP
Satoshi Takahashi(Representative Director & CEO)
Co-investorsRelicEnergy & Environment Investment
JCCL develops carbon dioxide capture and resource recovery technology for achieving carbon neutrality.
Advanced ManufacturingCleantechClimate TechTokyo, JP
Co-investorsKeio Innovation Initiative
Coroyawa is a specialized flooring material designed to reduce fracture and trauma risk for elderly users by combining stable walking comfort with impact absorption during falls.
HardwareHealthtechMedical DevicesNew MaterialsHamamatsu, JP
Yuya Miyajimain
Co-investorsCarbide VenturesHulic StartupJIC Venture Growth InvestmentsMonozukuri VenturesMPowerTechstars
ONCALL operates a home medical care support service in Japan, providing night and holiday house-call teams plus an online "Connect" team that supports clinical decisions and links medical institutions and multidisciplinary staff nationwide.
Digital HealthEnterprise SoftwareHealthtechMedical DevicesSaaSTokyo, JP
Takayoshi Fuu(代表取締役 CEO / M.D.)
ovgo baker makes vegan American-style cookies and baked goods produced entirely from plant-based ingredients, without eggs or butter, including gluten-free and allergen-free options.
Direct to ConsumerE-commerceFoodTech
Porty is a marketplace for buying and selling properties in Japan, where sellers and buyers interact directly to transact on any type of property.
MarketplacesPropTech
Co-investorsDG Incubation
Prairie Card is an NFC-enabled digital business card service: users tap the card on a smartphone to share a profile page with contact details, social accounts, and portfolio links without needing an app.
ConsumerHardwareSaaS
Work Wonders is a Tokyo-based company offering consulting services centered on the operation of generative AI, along with a media business.
AI & Machine LearningEnterprise SoftwareMarketing TechMedia & EntertainmentTokyo, JP
Yuya Adachi(代表取締役CEO (Representative Director & CEO))Satoshi Umeda(取締役CPO (Director & CPO))Yuta Okada(取締役CTO (Director & CTO))
Zeroboard provides a suite of software products for sustainability management, including GHG emissions calculation across supply chains, carbon footprint analysis, and ESG data collection and disclosure to meet regulations such as the EU CSRD and Japan's SSBJ.
CleantechClimate TechSaaS
Co-investorsCoral CapitalDBJ CapitalDelight Ventures
Instalimb develops and delivers 3D-printed prosthetics and orthotics using CAD, 3D printing, and machine learning technology to improve accessibility and affordability of mobility devices globally.
AI & Machine LearningHealthtechMedical Devices
Co-investorsGlobal BrainRebright PartnersUTokyo Innovation Platform Co. Ltd.
Startup visualizing food sustainability metrics at the product and raw-material level.
Cuoncrop builds an AI intelligence platform that visualizes the environmental value of food and agricultural products across multiple sustainability metrics beyond decarbonization.
AgTechAI & Machine LearningFoodTechTokyo, JP
北垣 卓
Co-investorsOne Capital
Sustainacraft evaluates the effectiveness of nature conservation and forest carbon projects by combining satellite remote sensing with causal inference techniques, quantifying carbon credit baselines with high accuracy.
AI & Machine LearningCircular EconomyCleantechClimate TechEnterprise Software
Yoii operates a revenue-based financing platform called Yoii Fuel that provides non-dilutive funding to SaaS and D2C startups using proprietary algorithms.
FintechSaaS
Masaharu Unoin
Co-investorsGlobal BrainUTokyo Innovation Platform Co. Ltd.X-HUB TOKYO Global Startup AcceleratorItochu Technology Ventures
Frequently asked questions
- How many investments has Inclusion Japan made?
- Inclusion Japan has 33 tracked investments.
- What stage does Inclusion Japan invest at?
- Inclusion Japan invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
- What sectors does Inclusion Japan focus on?
- Inclusion Japan focuses on AgTech, AI & Machine Learning, Cleantech, Climate Tech, Consumer, Fintech, Healthtech, Impact & Social Good, InsurTech, Marketplaces, Medical Devices, PropTech, SaaS, Sector Agnostic, Space Tech.
- Does Inclusion Japan lead rounds?
- Yes, Inclusion Japan leads investment rounds.
- Who does Inclusion Japan co-invest with?
- Inclusion Japan most often shares deals with DG Incubation, UTokyo Innovation Platform Co. Ltd., ANOBAKA, among 24 tracked co-investors.
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