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Kyoto University Innovation Capital

Venture capital

Kyoto · Pre-Seed–Growth

Also known as 京都大学イノベーションキャピタル株式会社

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Investment thesis

Kyoto iCAP invests in and supports companies formed to commercialize the knowledge, research outcomes, and technologies of Kyoto University researchers. Wholly funded by Kyoto University, it aims to turn academic 'seeds' into businesses. It runs entrepreneurship-support initiatives including the EIR-iCAP visiting entrepreneur program and ECC-iCAP, which connects research seeds with business professionals interested in launching university-derived startups.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
HQ
Kyoto, JP
Instruments
Equity
Founded
2014
Tracked investments
84

What they invest in

from 61 of 84 portfolio companies

Biotech ×29Medical Devices ×28Healthtech ×24Deep Tech ×18Cleantech ×11New Materials ×10Digital Health ×9AgTech ×8

HQs:Japan×51United States×4Taiwan×1

Who they back

founder profiles across 19 portfolio companies
63%
solo founders
12 of 19 mapped founding teams

Founding team size:solo founder×122 founders×64+ founders×1

Accelerator rootsportfolio companies that came through a program

Techstars ×3

Investments · 84 tracked

founders shown can be your intro path
Lisata Therapeutics, Inc.lisata.comin𝕏NASDAQ: LSTA

Lisata develops drug delivery platform technology and therapies for solid tumors, enabling targeted anti-cancer drug delivery and immune system activation against cancer.

BiotechMedical Devices

コラジェン・ファーマ株式会社kolagen-pharma.com✓ verified

Kolagen Pharma develops and sells pharmaceuticals, medical devices, and research reagents, and manufactures cosmetics, focusing on collagen-based biomaterials for regenerative medicine.

BiotechHealthtechLongevityMedical DevicesKyoto, JP

Hiroshi Nose(代表取締役 (Representative Director))

㈱アルガルバイオalgalbio.co.jp

Co-investorsDBJ CapitalAbies Ventures

3384
ACT Genomics Holdings Company Ltd.actgenomics.comin

ACT Genomics is a cancer genomics company that provides genomic testing solutions to support personalized cancer care and precision medicine for patients and clinicians.

BiotechDigital HealthHealthtechMedical Devices

Co-investorsUMC Capital

AlphaNavi Pharma株式会社alphanavi.com

AlphaNavi Pharma is a pharmaceutical company developing new drugs (Nav channel inhibitors) for patients suffering from chronic pain and neurological disorders.

BiotechDigital HealthHealthtech京都市, JP

小山田義博Yoshihiro Oyamada(Representative Director)

Co-investorsShinsei Capital Partners

AUDIO METAVERSE, INC.audiometaverse.com𝕏

The Audio Metaverse creates a bridge between physical and virtual spaces through audio, allowing users to own audio spaces as unique digital assets with exclusive access features.

Creator Economy

BTB Therapeutics, Inc.btbtherapeutics.comJan 2025

BTB Therapeutics develops a non-opioid analgesic aimed at addressing the opioid crisis, along with a pipeline of RNA-modifying compounds for rare genetic diseases and to enhance cancer immunotherapy.

BiotechHealthtechMedical DevicesEscondido, US

Masatoshi Hagiwara(Chief Scientific Officer, Director of the Board (founder of BTB Therapeutics Co., Ltd.))Takashi Kiyoizumi(CEO, Director of the Board)Kenneth W. Locke(Chief Development Officer)

Chordia Therapeuticschordiatherapeutics.com

Cancer therapeutics development (RNA regulation abnormalities).

Co-investorsNippon Venture CapitalShinsei Capital PartnersSMBC Venture CapitalUTokyo Innovation Platform Co. Ltd.

CleanHearing Inc.cleanhearing.com

Cleanhearing develops Sono, a patented technology aimed at treating tinnitus.

Digital HealthHardwareHealthtechMedical Devices

Gerald Neuwirth(Founder / Technical Lead)Lydia Mitchell(Head of Product & Operations)

BoardHidero Niioka

CONNEXX SYSTEMS 株式会社connexxsys.com

CONNEXX SYSTEMS is a Japanese startup developing energy-storage batteries and a networked storage system ("Power Net") that links distributed batteries and renewable sources like solar and wind into a unified energy network.

CleantechEnergyHardware

Co-investorsUniversal Materials Incubator

Drawbridge Health Inc.drawbridgehealth.com
Eurus Therapeutics株式会社

Development of novel gene-related therapies.

GRA&GREENgragreen.comin

GraGreen develops improved crop varieties using genome editing and traditional breeding methods to reduce resource inputs and increase agricultural yields.

AgTechClimate TechNagoya, JP

Masaki Niwain

Co-investorsBeyond Next VenturesSeiho Investment WorksShizuoka CapitalTechstarsUTokyo Innovation Platform Co. Ltd.

KANJIN THERAPEUTICS, INC.kanjin-tx.com

Kanjin Therapeutics is a biotechnology startup developing treatments to restore kidney function and address chronic kidney diseases, using a strategy of targeting the liver.

BiotechDigital HealthHealthtechMedical Devices

Kyoto Fusioneeringkyotofusioneering.comin𝕏

Kyoto Fusioneering develops fusion energy technology and related engineering solutions to enable carbon-neutral power generation and advanced chemical processes such as hydrogen production and carbon capture.

Climate TechDeep TechEnergyKyoto, JP

Taka Nagao(Founder)inShutaro Takeda, Ph.D.(Founder)in

Co-investorsCoral CapitalDBJ CapitalGlobal BrainJIC Venture Growth InvestmentsSumitomo Mitsui Trust nvestment Co. Ltd.Techstars+2 more

Link Therapeutics株式会社link-therapeutics.com

Co-investorsKobe University Capital

Myoridgemyoridge.co.jpin

Myoridge develops serum-free cell culture media and optimization services for cell cultivation and regenerative medicine applications.

BiotechHealthtechMedical DevicesJapan, JP

Co-investorsBeyond Next VenturesDiamond Edge Ventures

Perseus Proteomicsppmx.com

Perseus Proteomics (PPMX) is a Japanese biotech company that uses proprietary antibody technology to develop new antibody-based drugs.

BiotechDeep TechHealthtech

Co-investorsDBJ CapitalNewton BiocapitalNippon Venture CapitalSMBC Venture Capital

Quantum Simulation Technologies, Inc.qsimulate.com

Platform for high-throughput material property simulation based on quantum mechanics.

Cambridge, US

Toru Shiozaki(Executive Officer, Director)

BoardGuanhua Chen(Director)Garnet Chan(Director)

Co-investorsAbies VenturesUTokyo Innovation Platform Co. Ltd.Embark Ventures

RadioNano Therapeutics㈱radionano-tx.com

RadioNano Therapeutics is a drug discovery startup developing new radiation-based cancer therapies rooted in basic science.

BiotechHealthtechMedical Devices

Masatoshi Chiba(代表取締役社長 (President & CEO))

Co-investorsDBJ Capital

RegCellregcellbio.comin

RegCell Biosciences is a biotechnology company developing regenerative cell therapies, leveraging expertise in cell and gene therapy, manufacturing, and immunology to advance therapeutic treatments.

BiotechDeep TechMedical Devices

Michael McCullar, PhD(Chief Executive Officer)James Ahlers(Chief Financial Officer)Marty Giedlin, PhD(Chief Technology Officer)Tony Hurley(Chief Technical Operations Officer)Steve Kanner, PhD(Chief Scientific Officer)

Co-investorsFast Track InitiativeGlobal BrainUTECMitsubishi UFJ Capital

Restore Visionrestore-vis.comin

Restore Vis is a life sciences company founded by a vitreoretinal surgeon and clinician scientist focused on addressing inflammation, aging, neurodegeneration and angiogenesis through translational research from drug discovery to clinical trials.

BiotechDigital HealthHealthtechMedical DevicesTokyo, JP

Dr. Rajendra S. Apte(Paul A. Cibis Distinguished Professor; Vice Chair of Innovation and Translation; Founder)

Co-investorsAstellas Venture Management LLCDBJ CapitalJIC Venture Growth InvestmentsNippon Venture CapitalOSAKA University Venture CapitalRemiges Ventures, Inc.+3 more

Shinobi Therapeutics Inc.shinobitx.comin

Shinobi develops next-generation cell therapies using iPSC (induced pluripotent stem cell) research, genetic engineering, and clinical infrastructure.

AI & Machine LearningBiotechHealthtechMedical Devices

Co-investorsAstellas Venture Management LLCF-Prime CapitalFast Track InitiativeJIC Venture Growth Investments

Symbiobe株式会社symbiobe.jp

Koji Itoin

Co-investorsBeyond Next VenturesGlobal BrainEnergy & Environment Investment

U-MAPumap-corp.comin

U-MAP is a University of Nagoya spin-off developing new thermal-management materials to address heat problems in electronic devices such as smartphones, PCs, electric vehicles, data centers, and 5G equipment.

Deep TechHardwareNew MaterialsNagoya, JP

Co-investorsGlobal BrainUntroD Capital

Viageviagetx.com

Viage Therapeutics is a neuroscience drug developer working on novel oral neurotherapeutics that target the gut-brain axis, including its lead clinical candidate DGX-001 for cognitive impairment in conditions such as Alzheimer's and Parkinson's disease.

BiotechDeep TechHealthtechSan Francisco Bay Area, US

Titus Plattel(Leadership Team)inBrian Rogers(Leadership Team)inNeil Schwartz(Leadership Team)inSujata Sankar(Leadership Team)inSteven King(Leadership Team)in

Co-investorsMiyako CapitalRDiscoveryRemiges Ventures, Inc.

アドバンスコンポジット株式会社advance-composite.co.jp

Advance Composite develops and manufactures advanced composite materials aimed at supporting industrial development while reducing environmental impact through energy and resource efficiency.

Advanced ManufacturingCleantechNew Materials

Junichi Hattori(代表取締役社長 (President & Representative Director))

Co-investorsEnergy & Environment Investment

イーセップesep.kyoto

eSep Inc. develops and provides nanoceramics membrane separation technology and related equipment and systems for chemical processes and energy applications.

Advanced ManufacturingCleantechNew MaterialsKyoto, JP

Kenichi SawamuraKen-ichi SAWAMURA(Founder)in

Co-investorsGlobal BrainHiroshima Venture Capital Co. Ltd.Kobe University Capital

エネコートテクノロジーズenecoat.com𝕏

EneCoat Technologies develops and manufactures perovskite solar cells (PSCs) and related materials.

CleantechEnergyNew MaterialsKyoto, JP

加藤尚哉 (Naoya Kato)(Representative Director / Executive Officer / CEO)堀内保 (Tamotsu Horiuchi)(Director / Executive Officer / CTO)

Co-investors15th RockGlobal BrainMIRAI SOUZOUMonozukuri VenturesNippon Venture Capital

オリヅルセラピューティクス株式会社orizuru-therapeutics.com

Biotech

Co-investorsJDRF T1D Fund

クオリプス株式会社cuorips.co.jp

Cuorips develops regenerative medicine products based on human iPS cell technology, including its heart muscle cell sheet "Heart®" (Rehart) for treating severe heart failure caused by ischemic cardiomyopathy, along with catheter-based therapies and compound drugs (YS series).

BiotechHealthtechMedical DevicesOsaka, JP

Takayuki Kusanagi(Representative Director, President & CEO)Tadayuki Tanimura(Director, Executive Vice President)Kazuyoshi Hirao(Director, Executive Vice President & Chief Business Officer)Yoshiki Sawa(Director, Chief Medical Science Officer)

Co-investorsNippon Venture Capital

サーブ・バイオファーマ株式会社survbiopharma.co.jp

Co-investorsNippon Venture Capital

サンリット・シードリングス株式会社sunlitseedlings.com

Sunlit Seedlings Co., Ltd. describes its SDGs initiatives and its fraud-prevention policy for managing public research funds, stating it operates and manages competitive research funding in line with guidelines for the administration and auditing of public research expenses at research institutions.

AgTechCircular EconomyClimate TechDeep TechImpact & Social Good

シリーズCで総額105億円の資金調達を実施
ティエムファクトリ株式会社tiem.jp

tiem factory Inc. develops, manufactures, and sells functional materials, specifically an aerogel called SUFA (Super Functional Air), a porous material over 90% air engineered for high flexibility and elasticity in transparent plate form.

CleantechDeep TechNew MaterialsIbaraki, JP

橘弘一郎(代表取締役社長 (President & CEO))倉田真弥(取締役 / 代表取締役 (Director / Representative Director))

Board川瀬昇(取締役 (Director))

Co-investorsUniversal Materials Incubator

ときわバイオ株式会社tokiwa-bio.com

Tokiwa Bio develops the Stealth-type RNA vector (SRV™), a non-integrating gene delivery vector that can introduce multiple or large genes into cells at high efficiency for gene therapy.

BiotechDeep TechMedical Devices

トレジェムバイオファーマ株式会社toregem.co.jpin

Toregem Biopharma is a Kyoto University spin-off developing a tooth-regeneration drug based on a humanized anti-USAG-1 antibody that aims to regrow teeth with a single injection.

BiotechDeep TechHealthtechMedical Devices京都 (Kyoto), JP

喜早 ほのか (Honoka Kihayashi)(代表取締役社長 (Representative Director and President))髙橋 克 (Katsu Takahashi)(取締役CTO (Director and CTO))髙谷 宗男 (Muneo Takaya)(取締役CBO (Director and CBO))喜早 ほのか(Co-founder & CEO (代表取締役社長))髙橋 克(Co-founder & CTO)髙谷 宗男(Co-founder & CBO)

Co-investorsAstellas Venture Management LLC

ファイメクス株式会社fimecs.comin

FIMECS, Inc. is a Japanese drug discovery company researching and developing new pharmaceuticals based on targeted protein degradation mechanisms.

BiotechMedical DevicesFujisawa, JP

Kanae Kamo(代表取締役 CEO (Representative Director & CEO))

Co-investorsUTokyo Innovation Platform Co. Ltd.

フィジオロガス・テクノロジーズ株式会社physiologas.co.jpin

Physiologas develops technology to innovate healthcare and improve patient and family wellbeing.

Digital HealthHealthtechMedical Devices

ホロバイオ株式会社holo-bio.com

HoloBio is a Japanese molecular biology research company that studies the unique functions of region-specific plants, animals, and symbiotic microorganisms across Japan.

AgTechBiotechDeep TechFoodTechKyoto, JP

Masato Umeda(Representative Director & President (Founder))Toshihide Kobayashi(Director & Head of Research)Kinya Nakaoka(Director & Head of Corporate Planning)

Co-investorsGenesia Ventures

マリmarisleep.co.jp

Co-investorsGlobal Brain

メロディ・インターナショナル株式会社melody.international

Melody International develops mobile fetal and maternal monitoring medical devices, including the "iCTG" cardiotocograph and the "Central i" central monitoring system for perinatal care.

Digital HealthFemTechHealthtechMedical DevicesTakamatsu, JP

Ichiro Matsubara(Representative Director / CEO)

ライノフラックスrhinoflux.com

Atsushi Alex Mazawa(Founder)in

Co-investorsBeyond Next VenturesGlobal Brain

リジェネフロregenephro.co.jp

Rege Nephro develops regenerative medicine therapies for kidney disease, focusing on nephron progenitor cell research and differentiation from iPS cells.

BiotechHealthtechMedical DevicesKyoto, JP

Co-investorsGlobal BrainNippon Venture Capital

ルーパーツ株式会社looparts.co.jp
レストアビジョン、総額18.7億円でシリーズAラウンドの資金調達を完了
京都商工会議所主催「京都・知恵アントレ大賞2023」特別賞を受賞しました
当社で一緒に働く仲間を募集しています。募集求人はこちらをご覧ください
当社で一緒に働ける仲間を募集しています。募集求人はこちらからご覧ください
株式会社 aceRNA Technologiesacernatec.comin

aceRNA Technologies develops therapies based on RNA technology, focusing on the discovery of new functions of miRNA to contribute to regenerative medicine and the creation of new drugs for diseases that currently lack treatments.

BiotechDeep TechHealthtechMedical DevicesTokyo, JP

須川史啓(代表取締役 (Representative Director / CEO))

株式会社 坂ノ途中on-the-slope.com𝕏

Sakanotochu sells produce grown with low-environmental-impact farming methods, sourcing from roughly 300 farms mainly in western Japan, about 80% of them new-entry farmers.

AgTechDirect to ConsumerE-commerceFoodTechKyoto, JP

小野 邦彦(代表者 (Representative))Kunihiko Ono(Founder)

株式会社AFIテクノロジーafi.co.jp

AFI manufactures rapid microbial detection systems using flow cytometry and solid-phase cytometry technologies for quality control in pharmaceuticals, clinical diagnostics, cosmetics, food and beverage, and environmental testing.

HardwareHealthtechMedical DevicesTokyo, JP

Co-investorsOSAKA University Venture Capital

株式会社Arktus Therapeuticsarktustx.com

Arktus develops regenerative medicine using iPS cell-derived cartilage implants for knee cartilage repair, combining iPS cell research from Kyoto University with cell 3D-printing technology from Saga University.

BiotechLongevityMedical Devices

Tomohiro Oiwa(Representative Director (CEO))

BoardKoichi Nakayama(Outside Director / Professor, Saga University School of Medicine)Makoto Ikeya(Outside Director / Associate Professor, Kyoto University CiRA (iPS Cell Research Institute))

株式会社BiPSEEbipsee.co.jp

Co-investorsBeyond Next VenturesScrum Ventures

株式会社FLOSFIAflosfia.com

FLOSFIA develops power semiconductor devices based on corundum-structure gallium oxide (α-Ga₂O₃), a material originating from Kyoto University in Japan, using its proprietary water-based "MISTEPITAXY" mist deposition process to achieve lower loss than SiC at silicon-level cost.

CleantechDeep TechNew MaterialsSemiconductorsKyoto, JP

人羅俊実(創業者・取締役会長 (Founder & Chairman))四戸孝(代表取締役社長 (President & CEO))

Co-investorsMiyako CapitalUTECEnergy & Environment Investment

株式会社KOALA Techkoalatech.co.jpin

KOALA Tech Inc. is a Kyushu University spinout commercializing organic semiconductor laser diode (OSLD) technology as laser light sources compatible with organic electronic device platforms, including OLED displays.

Deep TechHardwareSemiconductorsFukuoka, JP

安達千波矢(Founder (Kyushu University Professor))Chihaya Adachi(Co-founder (Kyushu University Professor))Fatima Bencheikh(Representative Director, CEO & CTO)in

Co-investorsSony Ventures Corporation

株式会社Lang-8lang-8.jp

Lang-8 operates HiNative, a Q&A platform where users worldwide ask and answer questions about languages and cultures for mutual language learning.

ConsumerEdTechSocial

Co-investorsDG IncubationOpen Network LabZ Venture Capital

Exits · 1

IPOs and acquisitions across the tracked portfolio

Lisata Therapeutics, Inc.NASDAQ: LSTA

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Kyoto University Innovation Capital made?
Kyoto University Innovation Capital has 84 tracked investments, including 1 dated in the last 24 months.
What stage does Kyoto University Innovation Capital invest at?
Kyoto University Innovation Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What sectors does Kyoto University Innovation Capital focus on?
Kyoto University Innovation Capital focuses on AI & Machine Learning, Biotech, Deep Tech, FoodTech, Healthtech, New Materials, Sector Agnostic.
Where is Kyoto University Innovation Capital located?
Kyoto University Innovation Capital is headquartered in Kyoto, JP.
Who does Kyoto University Innovation Capital co-invest with?
Kyoto University Innovation Capital most often shares deals with Global Brain, Nippon Venture Capital, Beyond Next Ventures, among 47 tracked co-investors.

Media · Podcasts & interviews

from their channel

【ECC-iCAP】2nd alumni event on February 24th, 2026

京都iCAP

【Q&A】#11 京都iCAPにはEIR活動を支援してくれるメンターは居ますか?どの粒度感?【EIR編】

京都iCAP

【Q&A】#9 大学の先生とあまり話した事がないのですが、EIR活動はできますか?先生との接し方について教えて【EIR編】

京都iCAP

【Q&A】#8 EIRや起業家としてふさわしいと考える人物像を教えて下さい【EIR編】

京都iCAP

【Q&A】#7 EIR(客員起業家)とはなんでしょうか?【EIR編】

京都iCAP

【Q&A】#6 大学発とかディープテックとかイメージがわかないのですが、どんな人が働いているのですか?【ディープテック編】

京都iCAP

Images

Kyoto University Innovation Capital photoKyoto University Innovation Capital photo

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