Polaris Capital Group — Full Portfolio

BAKE Inc. is a Japanese confectionery company that manufactures and sells baked sweets through specialty retail brands such as BAKE CHEESE TART, PRESS BUTTER SAND, and RINGO, and also runs e-commerce shops and web media.

Circular EconomyConsumerDirect to ConsumerE-commerceFoodTechImpact & Social GoodTokyo, JP

Junpei Yamada(Chairman)Hidekazu Kasai(President & CEO)

CST株式会社 (CST Corporation) manufactures large and small mask blanks for flat panel displays (FPD/FMM), semiconductors, and packaging, along with thin-film products, handling jigs, and substrate cases.

Advanced ManufacturingHardwareNew MaterialsSemiconductorsSamukawa, JP

Shoji Inoue(代表取締役社長 (President & Representative Director))

DD Group is a Japanese holding company operating and managing food and amusement businesses (cafés, restaurants, izakaya, billiards, darts, and complex cafés) as well as hotel and real estate operations.

ConsumerTravel & HospitalityTokyo, JP

松村 厚久(代表取締役社長 CEO)斉藤 征晃(代表取締役副社長 COO)坂本 聡(取締役副社長 CFO グループ管理本部長)

Co-investorsDDDD Holdings Venture CapitalSUSun Capital Partners

Drug Eleven operates a chain of drugstores and dispensing pharmacies that fill prescriptions issued by medical institutions nationwide, alongside retail products and services.

ConsumerHealthtechRetail Tech

Co-investorsUNUnison Capital

Welloff operates senior living residences under the Eclasia brand, offering assisted living with no upfront entrance fee, on-site nursing care insurance services, and medical care support provided by visiting nursing staff.

HealthtechLongevityWellness & Fitness

Eclasia is a senior care and healthcare services operator in Japan offering assisted living facilities, paid nursing homes, specialized care facilities, pharmacy services, and group homes for people with disabilities across the Kanto region.

HealthtechWellness & FitnessKawagoe, JP

Suzuki Toru(Representative Director & President)

Ekitan operates a travel and transportation information platform (Ekitan.com) that provides train schedules, airport access options, and travel guidance for both domestic and international visitors in Japan.

MarketplacesTravel & HospitalityTokyo, JP

Company operating in the health and wellness sector focused on promoting health awareness and preventive health.

HealthtechWellness & FitnessTokyo, JP

FH Ortho designs, manufactures, and distributes orthopedic medical devices such as joint implants for orthopedic surgeons and specialists.

Advanced ManufacturingHealthtechMedical Devices

Co-investorsANAndera Partners

A Japanese company that has produced digital maps since 1994, spanning car navigation, web, enterprise, and AD/ADAS maps for autonomous driving.

Data & InfrastructureDeep TechMobility & Transportation

八八剱洋一郎(代表取締役社長 (President & CEO))

HITOWA is a Japanese group company operating franchise businesses (house cleaning, home acupuncture/massage, shoe and bag repair), a marketplace business, senior care facilities (paid nursing homes and senior housing), and a food/catering service.

ConsumerHealthtechMarketplacesSector AgnosticWellness & FitnessJapan, JP

須清須原 清貴(代表取締役社長 兼 CEO)宮崎 洋平(代表取締役副社長)

A Japanese company operating administrative, sales, and CAD offices along with branch sales locations across the Saitama and Tokyo areas, with what appears to be a construction/engineering-related operation given its CAD room and construction division.

Advanced ManufacturingConstruction TechNew MaterialsSaitama, JP

澤正澤辺 正人(代表取締役社長 (President & CEO))

i-PRO develops and manufactures camera modules and image processing boards for medical devices such as surgical microscopes and endoscopes, selling to medical device manufacturers.

AI & Machine LearningEnterprise SoftwareHardwareIoTMedical DevicesJapan, JP

InsideSales offers the Revenue Acceleration Cloud, a platform providing data, insights, and tools for enterprise revenue and sales teams to drive growth.

AI & Machine LearningSaaSSales TechProvo, US

DAVID ELKINGTON(Executive Officer, Director)KKKEN KROGUE(Executive Officer, Director)inKKKen Krogue(Founder)inDavid Elkington(Founder)inJOSHUA JAMES(Director)

BoardDTDAFINA TONCHEVA(Director)in

Co-investorsEPEPIC VENTURESHUHummer Winblad Venture Partners (HWVP)IRIreland Strategic Investment FundQUQuestMark PartnersKLKleiner PerkinsM1M12 (Microsoft's Venture Fund)+3 more

Kanto Unyu is a Japanese logistics company specializing in temperature-controlled (cold-chain) transport and warehousing services.

Logistics & Supply Chain

Elbee is a Japanese company producing beverages and chilled food products, with roots in a lactic acid bacteria drink.

ConsumerFoodTechJapan, JP

Haruhiko Hatanaka(President and Representative Director)

Nop Group develops and manufactures fluid transport products including trochoid pumps, hydraulic motors, and filtration units for industrial machinery, special vehicles, ships, and beverage applications.

Advanced ManufacturingNanyo, JP

Osamu Abe(Representative Director & President)

Novarese operates a wedding production business in Japan, offering wedding ceremony planning along with related services including bridal dresses, restaurants, photography, videography, floral arrangements, gifts, and overseas (Hawaii) weddings.

ConsumerMedia & EntertainmentJapan, JP

O-net (Onet) operates a marriage matchmaking and dating service in Japan, connecting members seeking life partners and marriage.

B2B MarketplacesConsumerMarketplacesSocial

Pointy was a service that let brick-and-mortar retailers automatically add their in-store inventory to Google Search and Maps; it is now integrated into Google as the Local Inventory app.

Retail TechSaaS

Charles Bibby(Founder)Mark Cummins(Founder)

Co-investorsDRDraper AssociatesFRFrontline Ventures

Local Inventory app (formerly Pointy, now integrated into Google) lets brick-and-mortar retailers automatically add their in-store products to Google Search, Maps, and Shopping so nearby customers can see what a store stocks.

Marketing TechRetail TechSaaS

Co-investorsFRFrontline VenturesDRDraper Associates

Pony operates a mobile app–based shared micromobility service offering electric scooters and bikes that users locate, unlock via QR code, and park in designated boxes across their city.

ConsumerMobility & TransportationAngers, FR

PCPaul-Adrien Cormerais(Founder)in

Co-investorsBLBlast.ClubKIKima VenturesLALa Poste VenturesXAXAnge5Y5Y CapitalANAndreessen Horowitz+11 more

SFP Holdings is a Japanese restaurant company that merged with Create Restaurants Holdings in July 2026.

FoodTech

GC Showa Yakuhin is a dental care company specializing in oral healthcare products and solutions.

HealthtechMedical Devices

Co-investorsT T Capital Partners Co. Ltd.UNUnison Capital

Social Inclu K.K. operates group homes for people with disabilities in Japan under the country's disability welfare services framework.

HealthtechImpact & Social GoodSocialWellness & FitnessTokyo, JP

松展松下 展千(代表取締役社長 (Representative Director & President))

Socie is an aesthetic salon offering customized beauty and skincare treatments using premium international skincare brands, positioned in high-end retail locations including department stores and hotels.

ConsumerWellness & FitnessTokyo, JP

Softbrain develops CRM/SFA (Customer Relationship Management/Sales Force Automation) software, specifically its flagship product esm (eSalesManager), which helps businesses improve sales productivity and customer engagement.

Enterprise SoftwareSaaSSales TechTokyo, JP

Co-investorsMIMITSUI & CO., Principal InvestmentsNINippon Venture Capital

Stockmark is a Japanese company that develops large language models and AI-based products, offering both an AI PaaS platform and AI SaaS applications for businesses.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS

Tatsu Hayashi(代表取締役CEO (Representative Director & CEO))inKAKosuke Arima(Founder)in

Co-investorsNTNTT DOCOMO VenturesTOTOHOKU University Venture PartnersWOWorld Innovation Lab (WiL)

Taiko Paper manufactures specialty kraft papers and industrial papers for agricultural, chemical, food packaging, and electronics applications, with a focus on unbleached kraft paper production.

Advanced ManufacturingNew MaterialsFuji, JP

Tobu Top Tours is a Japanese travel agency offering domestic and international package tours, hotels, and travel-related information and guides.

Travel & HospitalityTokyo, JP

CARTA Holdings is a holding company that develops diverse digital services and content to drive corporate and industry evolution.

Enterprise SoftwareSector AgnosticTokyo, JP

Co-investorsDNDnx Ventures

Welbe, Inc. provides employment support (就労支援) services for people with disabilities, helping them gain skills and connect with work opportunities.

Future of WorkHealthtechHR TechImpact & Social Good

Hideyuki Nakazato(代表取締役社長 (President & Representative Director))

Works Applications develops ERP software packages optimized for Japanese companies and their business practices, serving enterprises with financial and operational management needs.

AI & Machine LearningCloud ComputingEnterprise SoftwareHR TechSaaSTokyo, JP

Co-investorsGLGlobis Capital PartnersKAKarita &

SVH Group is a holding company with system architecture construction as its core business.

Advanced ManufacturingConstruction TechPropTechTokyo, JP

鈴木 啓介(Representative Director & President)鈴啓鈴木 啓介 (Keisuke Suzuki)(Representative Director & CEO)

Co-investorsADAdvantage Partners Inc.