Fundraising Fox

Minerva Growth Partners

Growth equity

Tokyo · Growth–Late Stage · 10 people tracked

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Investment thesis

Minerva Growth Partners addresses a gap in Japan's venture ecosystem by providing sizable patient capital to growth-stage technology companies that have achieved product-market fit and proven unit economics. The firm believes Japanese startups should pursue bold long-term strategic growth rather than rushing to IPO before achieving sustainable profitability. By backing companies scaling towards significant revenues with flexible private capital solutions—including growth equity, PIPEs, and buyouts—the firm aims to nurture globally competitive category leaders and increase industry competitiveness.

Source: firm website, verified Jul 21, 2026.

Stage
Growth–Late Stage
Check
$1B – $3B
HQ
Tokyo, JP
Leads rounds
Leads
Instruments
Equity
Founded
2020
AUM
$44M
Tracked investments
3

Team · 10 people

from the firm's website
Kei Nagasawa· Founding Partner, Minerva Growth Partners

Former CFO at Mercari who previously worked in investment banking at Goldman Sachs focusing on M&A and IPOs for technology companies in Tokyo and San Francisco, and earlier spent time in M&A advisory at Mitsubishi Corporation. He holds an MBA from University of Chicago.

Kenneth Lee· Founding Partner, Minerva Growth Partners; Founding Partner and Chief Investment Officer (CIO), Pleiad

Co-founder and Chief Investment Officer of Pleiad Investment Advisors with extensive experience in private equity at TPG Capital, public and private equity at Sequoia Capital, and Asian equity investments at Tiger Asia Management and Soros Fund Management. He holds an MBA from Harvard University.

Kensuke Murashima· Founding Partner, Minerva Growth Partners

Former head of Global Internet Banking and Global Software Banking Group at Morgan Stanley in Tokyo, where he led landmark IPO transactions for major Japanese tech companies. He previously worked on corporate venture capital at Mitsubishi Corporation. He holds an MBA from Duke University.

Masaki Taniguchi· Founding Partner and Chief Operating Officer (COO), Pleiad

Co-founder and Chief Operating Officer of Pleiad Investment Advisors with over 20 years in asset management, including head of product development for Asia Pacific at GSAM, Group Chief Operating Officer at SPARX Group, and Managing Director at Goldman Sachs in Hong Kong. Fluent in English, Japanese, and Mandarin Chinese.

Michael Yoshino· Founding Partner, Minerva Growth Partners; Founding Partner and Chief Investment Officer (CIO), Pleiad

Founder and Chief Investment Officer of Pleiad Investment Advisors with prior experience at TPG Capital in private equity, Tiger Asia Management in Asian equities, and Soros Fund Management. He brings deep research and investment experience across both private and public Japanese companies.

Ryuto Terasaka· Principal, Minerva Growth Partners

Former Vice President at J.P. Morgan Investment Banking focused on financing, IPOs, and M&A advisory for Internet, Media, and Technology companies in Tokyo and New York. He joined Minerva in March 2022.

Edward Tajima· Senior Research Analyst, Pleiad

Recent hire as senior research analyst with background in private equity at TPG Capital, global equities at Shumway Capital, and Japanese equity research at Fidelity International. He is a CPA in the United States.

Kanji Yamamoto· Research Analyst, Pleiad

Former analyst with Japan Growth Investment Alliance focused on private equity buyouts and growth investments, with prior equity research experience at Credit Suisse covering auto sector. He joined in February 2022.

Miki Ito· Vice President, Strategic Operations and Investor Relations, Minerva Growth Partners

Leads strategic operations and investor relations. She previously was Senior Portfolio & Partnership Manager at Genesia Ventures, founded the VC Fund Controller Network, and serves on the Japan Venture Capital Association's LP Relations Committee. She began her career at J.P. Morgan Securities Japan.

Taisei Hirakawa· Senior Associate, Minerva Growth Partners

Former management consultant at McKinsey & Company focusing on startup growth strategy, turnaround work, and private equity due diligence across TMT and manufacturing. He joined Minerva in October 2024.

Investments · 3 tracked

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CADDi
CAMPFIRE
enechain

Frequently asked questions

What stage does Minerva Growth Partners invest at?
Minerva Growth Partners invests at the Growth, Late Stage stages.
What is Minerva Growth Partners's typical check size?
Minerva Growth Partners typically writes checks of $1B – $3B.
What sectors does Minerva Growth Partners focus on?
Minerva Growth Partners focuses on Cloud Computing, Consumer, Digital Health, Fintech, Healthtech, SaaS.
Where is Minerva Growth Partners located?
Minerva Growth Partners is headquartered in Tokyo, JP.
Does Minerva Growth Partners lead rounds?
Yes, Minerva Growth Partners leads investment rounds.

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