PRIMAL CAPITAL — Full Portfolio

Airstack offers an AI-based quant engineer tool that codes trading strategies and identifies issues ("leaks") in them, aimed at quantitative trading users.

AI & Machine LearningData & InfrastructureFintechMiami Beach, US

JGJason Goldberg(Executive Officer, Director)in

Co-investorsBLBlack DragonDEDelta BlockchainFEFenbushi CapitalLELecca VenturesRERed Beard VenturesREResolute Ventures+16 more

Ambios Network operates the world's largest decentralized environmental monitoring network, collecting real-world air quality data from tens of thousands of sensors across over 20 countries.

Climate TechCrypto & Web3Data & InfrastructureIoT

LFLuca Franchi(CEO)inIvan D'Ettorre(COO)inMHMatt Hollobaugh(Business Lead)inRFRoberto Falzone(Head of Technology)in

Co-investorsGEGenerative VenturesBOBorderless Capital

BlueWhale Bio develops manufacturing technologies for cell-based therapies, focusing on cell activation and expansion in early-stage processing to improve efficiency and reduce costs.

BiotechDeep TechMedical DevicesPhiladelphia, US

PKPeter Keller(Executive Officer, Director)in

BoardPMPaul Meister(Director)Elaine Heron(Director)Paula Cannon(Director)Beate Mueller-Tiemann(Director)

Co-investorsASAscendo VenturesNONovalis LifeSciencesBABaselayer CapitalCACardanoGHGhaf Capital PartnersGUgumi Inc+2 more

Crevo provides recruitment content planning and production services, designing and creating recruitment videos and websites from job seeker perspective to increase quality applications.

B2B MarketplacesCreator EconomyHR TechMarketing TechMedia & EntertainmentTokyo, JP

柴田 憲佑(取締役会長)Kensuke Shibata(Founder)in水口 仁志(代表取締役社長)

PartnerHSHiroshi Sasaki· solo GP

Co-investorsAXAxiom Asia Private CapitalB B Dash VenturesEAEast VenturesVOVOYAGE VENTURESAGAG Capital Co. Ltd.CACARTA VENTURES, Inc.+3 more

Curvance is a decentralized finance protocol that combines depositing, borrowing, leveraging, swapping, and yield earning into a single dashboard.

Crypto & Web3Fintech

Co-investorsF-F-Prime CapitalV3V3V VenturesYUYunt CapitalCUCurveFLFlowdeskFRFRAX Finance+4 more

FABRIC TOKYO offers made-to-order business wear, allowing customers to order custom-fit clothing via smartphone or at physical stores.

ConsumerE-commerceRetail TechTokyo, JP

YMYuichiro Mori(Founder)in

PartnerHSHiroshi Sasaki· solo GP

Co-investorsCHChiba DojoGLGlobis Capital PartnersLOLotte Ventures JapanXTXTech Ventures

Future Standard provides a platform for image processing and computer vision services spanning from camera hardware to data extraction.

AI & Machine LearningEnterprise SoftwareHardwareIoTTokyo, JP

Oka Hiroshi (岡 寛)(Representative Director (代表取締役))

PartnerHSHiroshi Sasaki· solo GP

Co-investorsAGAG Capital Co. Ltd.TOTokyo University of Science Innovation CapitalZ Z Venture Capital

PartnerHSHiroshi Sasaki· solo GP

Co-investorsPKPKSHA Technology Capital

DePIN infrastructure platform for spatial computing, enabling real-time streaming of AI-powered XR experiences.

Co-investorsA1A100X VenturesABAbies VenturesACAccord VenturesBOBorderless VentureDRDraper DragonWAWaterloo Accelerator Centre+3 more

mgram is a precision personality assessment platform that analyzes 105 questions to identify eight characteristic personality elements and calculate compatibility between individuals based on statistical methods.

AI & Machine LearningConsumerMarketing TechWellness & Fitness

Yusuke Matsumurain

PartnerHSHiroshi Sasaki· solo GP

Miami-based Senpi builds an AI-agent crypto wallet and autonomous trading agents, initially on Base and later for Hyperliquid.

JGJason Goldberg(Founder)inIPIgnas Peciura(Founder)inSarvesh Jain(Founder)in

Co-investorsCOCoinbase VenturesLELemniscapMAManaSUSuperlayer

Transak provides fiat-to-crypto on-ramp and off-ramp infrastructure for wallets, apps, and platforms, offered as white-label APIs or plug-and-play widgets.

Crypto & Web3Data & InfrastructureFintechNew York, US

SSSami Start(Executive Officer, Director)inYAYeshu Agarwal(Executive Officer, Director)in

Co-investors1K1k(x)1K1kxBIBitDAOBRBR CapitalCOConsenSys MeshFUFuel Venture Capital+16 more

Co-labo-maker operates an online collaboration platform that connects researchers with external laboratories, equipment, and outsourced research services to find resources missing for their R&D projects.

B2B MarketplacesBiotechDeep Tech

CoinQ operates a web media platform and provides system development services.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareMedia & EntertainmentSaaSTokyo, JP

早瀬 美来(CEO)

PartnerHSHiroshi Sasaki· solo GP

xCARE operates a talent platform and project management service specialized for the medical industry, connecting external professional experts with pharmaceutical, medical device, and other medical product development projects.

B2B MarketplacesEnterprise SoftwareFuture of WorkHealthtechMedical DevicesTokyo, JP

ATAtsushi Tanase(Founder)in

PartnerHSHiroshi Sasaki· solo GP

Co-investorsKYKyoto University Innovation Capital

Kaiju Company develops technology and AI products for mental health self-care, including U2plus, a Japanese self-care community for people with depression with around 40,000 members, and mimo AI, an AI-based self-counseling tool.

AI & Machine LearningDigital HealthMental HealthTokyo, JP

Yasuhiro Todo(Representative Director & President (CEO))Toshiro Yagi(CTO)

PartnerHSHiroshi Sasaki· solo GP

Co-investorsG-G-STARTUP

HireRoo provides tools to measure and visualize engineers' "AI collaboration" skills using its proprietary Software Engineering Index (SEI), offering products for hiring interviews (with Claude Code, Codex, GitHub Copilot), AI-usage assessment, and skill development, plus a CTO-as-a-Service advisory offering.

AI & Machine LearningHR TechSaaS

PartnerHSHiroshi Sasaki· solo GP

Co-investorsCOCoral CapitalDEDelight Ventures