Fundraising FoxTokyo · Pre-Seed–Growth · 30 people tracked
Also known as Spiral Capital株式会社
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Investment thesis
The Spiral Capital group runs both general venture funds and corporate venture capital (CVC) funds through dedicated teams, working alongside fund investors to support the growth of portfolio startups. Beyond capital, the firm offers hands-on management support delivered by capitalists and a specialized portfolio-support team, and it leverages the know-how of its CVC consulting arm to provide comprehensive open innovation support to the large corporations that serve as its limited partners.
Source: firm website, verified Sep 27, 2026.
Team · 30 people
from the firm's website
What they invest in
from 47 of 62 portfolio companiesAI & Machine Learning ×12SaaS ×11Cleantech ×9Deep Tech ×9Enterprise Software ×8Fintech ×7Biotech ×5Consumer ×5
HQs:Japan×40United Kingdom×2United States×2Ethiopia×1
Who they back
founder profiles across 21 portfolio companiesFounding team size:solo founder×102 founders×83 founders×24+ founders×1
Where their founders studiedfrom 12 founders with education data
The University of Tokyo ×5Tohoku University ×2
What their founders studiedfrom 11 founders with field-of-study data
Business & Management ×3Engineering ×3Economics ×2
Where their founders worked beforefrom 12 founders with career history
McKinsey & Company ×2Mercari, Inc. ×2
Investments · 62 tracked
founders shown can be your intro pathBy year:2025 · 22024 · 12023 · 12022 · 37 dated
AdaCoTech develops AI technology for manufacturing quality inspection and production optimization, serving factories and production facilities in Japan's core manufacturing industry.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareTokyo, JP
Co-investorsDnx VenturesUntroD CapitalUTECUTokyo Innovation Platform Co. Ltd.
bellFace builds AI agents for sales teams, combining human and AI to handle sales work.
AI & Machine LearningSaaSSales Tech
Kazuaki Nakajima(代表取締役 (Representative Director / CEO))Hidenori Onuma(取締役 (Director))
Co-investorsCanal VenturesAizawa Asset ManagementAxiom Asia Private CapitalGlobis Capital PartnersResona Capital Co. Ltd.SMBC Venture Capital+2 more
MUSE develops robots to support retail store operations and help employees work more effectively.
AI & Machine LearningEnterprise SoftwareRetail TechRoboticsTokyo, JP
Co-investorsGlobal BrainIncubate FundXTech VenturesCanal Ventures
N.Avenue is a Japanese company operating Web3 and digital-asset media and services, including NADA NEWS (a crypto/Web3 news outlet, formerly CoinDesk JAPAN), the N.Avenue club corporate membership community for blockchain business leaders, and the NADA crypto-asset index co-developed with NS Solutions.
Crypto & Web3FintechMedia & EntertainmentTokyo, JP
Co-investorsABC Dream Ventures
Ookami develops digital platforms and services to broaden sports engagement and accessibility globally, positioning sports as a unifying medium that connects diverse communities and athletes.
ConsumerMedia & EntertainmentSports TechTokyo, JP
Board為末大
Co-investorsNTT DOCOMO VenturesAkatsukiASAHI MEDIA LAB VENTURESASICS Ventures CorporationMitsubishi UFJ CapitalMizuho Capital+2 more
Amphico develops PFAS-free performance textile materials, including Amphitex, a waterproof and recyclable membrane that avoids the durability and comfort trade-offs of alternatives, and Amphicolor, a waterless textile coloring solution.
Advanced ManufacturingCircular EconomyCleantechNew Materials
Co-investorsSpiral Innovation Partners
Azul provides cloud application and DevOps solutions, particularly focused on cloud cost management and DevOps analytics for enterprise customers.
Cloud ComputingDeveloper ToolsEnterprise Software
Gil Tene(Founder)Scott Sellers(Founder)Shyam Pillalamarri(Founder)
Co-investorsLead Edge CapitalPartners for GrowthPartners for Growth (PFG)GS FuturesMitsubishi UFJ CapitalRedpoint Ventures+4 more
AZUL Energy develops, manufactures, and sells bio-inspired catalyst electrode materials, next-generation metal-air battery products, and functional materials for environment, energy, and healthcare applications.
CleantechEnergyNew MaterialsSendai, JP
Koju Ito(Founder / President / CEO)inHiroshi Yabu(Founder / Director / CSO)Hiroya Abe(Founder / Director)Masayuki Hayashi(COO)inKyoko Morisaki(CBO)in
Co-investorsTOHOKU University Venture PartnersPegasus Tech Ventures
Backseat is a Japanese company staffed by professionals with backgrounds in crypto-asset exchanges, FX systems, AML/CFT compliance, and financial regulation.
Crypto & Web3FintechSaaSTokyo, JP
Keiji Maeda(代表取締役 (Representative Director))Masayasu Jonathan Hayashi(代表取締役 (Representative Director))inSu Steven Wang(取締役/最高技術責任者 (Director/CTO))Noriaki Hoshi(取締役/最高コンプライアンス責任者 (Director/CCO))Hanae Miyaju(執行役員/最高総務責任者 (Executive Officer/Chief General Affairs Officer))Ko Tateiwa(執行役員/最高セキュリティ責任者 (Executive Officer/CSO))
Co-investorsSpiral Innovation Partners
Carbase operates in factoring and used car sales business in Japan.
B2B MarketplacesE-commerceEnterprise SoftwareFintechLogistics & Supply ChainTokyo, JP
Co-investorsANOBAKACyberAgent Capitalmint VCSpiral Innovation Partners
digdig Inc. (formerly FUNEE Inc.) develops and operates fashion services, with a stated aim of building infrastructure to make fashion sustainable.
Circular EconomyConsumerE-commerceTokyo, JP
Seungjun Yang(Representative Director)
Co-investorsMitsui Sumitomo Insurance CapitalSpiral Innovation PartnersGenesia Ventures
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)inChuan Yee(Head of Engineering & Production)inSamuel Tariku(VP / Head of Commercial)inPiniel Berhane(VP / Head of Finance)in
Co-investorsInclusion JapanSpiral Innovation PartnersUTokyo Innovation Platform Co. Ltd.
ecbo operates ecbo cloak, a smartphone-based luggage storage service that lets travelers book and pay to store bags at over 2,500 partner locations across Japan (cafes, convenience stores, stations, post offices) and Taiwan, including oversized items.
ConsumerLogistics & Supply ChainMarketplacesTravel & HospitalityTokyo, JP
Shinichi Kudo(Representative Director & President (CEO))in
Co-investorsChishima Real Estate — Startup InvestmentCool Japan FundJR East Start UPRelic
GMO Enpay develops and operates billing automation and bank transfer support services for businesses.
EdTechFintechSaaSTokyo, JP
森脇 潤一(代表取締役社長/ファウンダー)田野 晴彦(取締役CTO)中山 悠介(取締役)
Co-investorsDnx Ventures
Fivot provides financial services for both businesses and individuals, offering lending products aimed at supporting startup growth and savings services that help individuals save money toward their goals.
FintechTokyo, JP
Shogo Abe(代表取締役 (Representative Director/CEO, founder))
Co-investorsAngel Bridge Co.,Ltd.Canal VenturesNippon Venture CapitalSony Ventures CorporationSpiral Innovation Partners
H2Corporation develops AI-based construction estimation (AI積算) software for general contractors and subcontractors, using computer vision to automate quantity takeoff and improve efficiency of construction workflows.
AI & Machine LearningConstruction TechSaaS
川嶋 啓嗣(CEO)グエン・トゥン(CTO・CDO)
Co-investorsMetaProp VenturesJAFCO GroupMetaPropNew Enterprise Associates (NEA)One Capital
IntegriCulture is a Japanese cellular agriculture company developing cell-culture systems and production technology for cultured foods, along with OEM/ODM cosmetics and supplements and sales of cell-culture consumables and equipment.
BiotechDeep TechFoodTechFujisawa, JP
Yuki Hanyu(代表取締役 (CEO))in
Co-investorsHiroshima Venture Capital Co. Ltd.Iyogin CapitalAgFunderBeyond Next VenturesHakuhodo DY VenturesVU Venture Partners
Luup operates an electric micro-mobility sharing service providing electric kick scooters and pedal-assist bicycles for short urban trips in Japan.
ConsumerMobility & TransportationSaaSTokyo, JP
Daiki Okai(Founder)Ryotaro Makita(Founder)
Co-investorsChishima Real Estate — Startup InvestmentDG IncubationDG Ventures, Inc.G-STARTUPGlobal Braini-nest capital+9 more
MechanoCross is a Hokkaido University spin-out that develops and provides mechanochemical organic synthesis technology, including solvent-free "mechano" reaction methods and insoluble high-performance materials.
CleantechDeep TechNew MaterialsSapporo, JP
伊藤 肇(取締役 (Co-founder; Hokkaido University Distinguished Professor))久保田 浩司(取締役 (Co-founder; Hokkaido University Associate Professor))齋藤 智久(代表取締役 (CEO))
Co-investorsAngel Bridge Co.,Ltd.Spiral Innovation PartnersXTech Ventures
Redefining the concept of housing via vertical integration of construction, AI, and robotics.
Co-investorsSpiral Innovation Partners
Newmo operates taxi services and autonomous taxi operations in Japan, serving regional transportation needs in areas facing labor shortages and declining population.
B2B MarketplacesMobility & TransportationSaaSTokyo, JP
松本 龍祐(Founder)inKentaro M.(Founder)in松本龍祐(Founder)青柳 直樹(代表取締役 CEO)Naoki Aoyagi(Founder)
Co-investorsBonds Investment GroupCoral CapitalDCM VenturesDIMENSIONGlobal BrainGlobis Capital Partners+9 more
PENTAS is a Japanese medical device company holding first-class medical device manufacturing and sales licenses as well as licenses to sell highly controlled medical devices.
HardwareHealthtechMedical DevicesKawasaki, JP
Tomohiko Kanai(代表取締役 (Representative Director))
BoardTeppei Banno(取締役 (Director))Taro Sato(取締役 (Director))Masaaki Sato(取締役 (Director))
Co-investorsFast Track InitiativeXTech VenturesSpiral Innovation Partners
Technology-driven platform enabling small-scale investment into European real estate.
Co-investorsSpiral Innovation PartnersUTEC
PowerX develops AI-powered sensors that generate proprietary data to help corporations reduce energy consumption, water use, and emissions.
Advanced ManufacturingAI & Machine LearningClimate TechNew York City, US
Manuel Schoenfeld(Founder)inMasahiro Ito(Founder)
Co-investorsAntlerDangerous VenturesY CombinatorASCENT ENERGY VENTURESAsymmetry VenturesClimate Capital+10 more
Nuclear engineering roll-up company aiming to transform the decommissioning industry with business succession and AI.
Co-investorsJoyo Capital PartnersMIRAI SOUZOUSpiral Innovation PartnersThe Fukui Capital Partners
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)Yusaku Katada MD, PhD(Co-founder, Representative Director and CEO/CMO)Hikaru Miyazaki(Representative Director and COO)in
Co-investorsAstellas Venture Management LLCDBJ CapitalJIC Venture Growth InvestmentsKyoto University Innovation CapitalNippon Venture CapitalOSAKA University Venture Capital+3 more
route-D develops and provides AI systems for Japan's manufacturing and distribution industries, aimed at supporting supply chain operations amid labor shortages.
Advanced ManufacturingAI & Machine LearningLogistics & Supply ChainTokyo, JP
松本 光暁 (Mitsuaki Matsumoto)(代表取締役 (Representative Director / CEO))in當野 良太 (Ryota Tono)(取締役 / 共同創業者 (Director / Co-founder))小倉 拳 (Ken Ogura)(最高技術責任者 (CTO))
Co-investorsCoreline VenturesSpiral Innovation Partners
SaleSeed is a Japanese sales-support (営業支援) company offering services across sales design (AI adoption, CRM/SFA setup), sales execution (sales strategy, BPO), and sales enablement (staffing/recruitment).
AI & Machine LearningData & InfrastructureEnterprise SoftwareFuture of WorkHR TechSales TechTokyo, JP
石原 亘(副社長 (Co-founder, Vice President))大矢 剛大(代表 (Founder & CEO))永井 秀典(創業メンバー (Co-founder, Corporate))
Co-investorsSpiral Innovation Partners
SANU 2nd Home operates a fractional ownership platform for second homes in Japan, allowing individuals and companies to purchase seasonal usage rights (from 8 nights annually) across a network of 36 properties nationwide.
B2B MarketplacesPropTech
Co-investorsGlobal BrainGlobis Capital PartnersGOLDWIN VENTURE PARTNERSHulic StartupSamurai IncubateShizuoka Capital+3 more
SDP Japan (Super Doctor Produce) supports the launch and operation of surgery-specialized hospitals and clinics, acting as a producer that connects doctors, patients, and healthcare institutions.
Digital HealthHealthtechTokyo, JP
Co-investorsGlobis Capital PartnersSpiral Innovation PartnersJapan Post InvestmentSumitomo Mitsui Trust Bank
Space BD provides end-to-end support for space business, including satellite development and manufacturing, launch and deployment, on-orbit demonstration, and ground transport support.
Deep TechEdTechSpace TechTokyo, JP
永崎 将利(代表取締役社長)in
Co-investorsAozora Corporate InvestmentHulic StartupJapan Post Insurance NEXT PartnersNippon Venture CapitalON&BOARDSpiral Innovation Partners+1 more
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Spatial Pleasure builds the Mobility Intelligence Platform (MIP), which combines pre-built functional micro-components to address recurring operational challenges for transport and logistics operators.
Climate TechLogistics & Supply ChainMobility & Transportation
Suzuki(CEO / 代表)
Co-investorsDEEPCORE Inc.DG IncubationG-STARTUPOpen Network LabLiving Lab Ventures
A platform that simplifies government subsidies and grants for small and medium enterprises and regional businesses in Japan, with plans to expand into a data platform for SME business support and operational insights.
Enterprise SoftwareFintechGovTechSaaSTokyo, JP
佐藤淳in
Co-investorsIwagin Mirai InvestmentSpiral Innovation Partners
StoryHub is an AI-assisted content creation platform that helps media companies and corporate editorial teams produce articles from audio, video, and interview inputs using professionally designed templates for transcription, writing, editing, fact-checking, and multilingual translation.
AI & Machine LearningMedia & EntertainmentSaaS
Co-investorsSpiral Innovation PartnersGenesia Ventures
Tailor provides a headless ERP system designed as a flexible alternative to legacy platforms, enabling businesses to integrate backend operations with tools like Shopify, QuickBooks, and Netsuite.
Developer ToolsE-commerceEnterprise SoftwareSaaSTokyo, JP
Yo Shibata(Founder)inMisato Takahashi(Founder)in
Co-investorsY CombinatorGlobal Braini-nest capitalSpiral Innovation PartnersANRIGlobis Capital Partners
Tailor Bio develops targeted cancer therapies for tumors characterized by chromosomal instability, working in the field of precision oncology.
BiotechHealthtech
Co-investorsFirst In VenturesJIC Venture Growth InvestmentsANRINew Enterprise Associates (NEA)Y Combinator
Company working on fully autonomous driving technology, presenting itself under the slogan "We Overtake Tesla." The page is a recruitment section seeking team members to work on self-driving vehicle development.
AI & Machine LearningDeep TechMobility & TransportationRoboticsTokyo, JP
Issei Yamamoto(Founder & CEO (代表取締役CEO))inDaisuke Tanaka(取締役COO)inMasato Morishima(取締役CFO)inYu Yamaguchi(執行役員 兼 CTO)inYugo Tokuchi(執行役員 兼 CSO)in
Co-investorsBonds Investment GroupDentsu VenturesDIMENSIONGlobal BrainKDDI Open Innovation FundNTT DOCOMO Ventures+2 more
Zene provides genetic testing and genome analysis services, along with a genome data analytics platform for health insights.
AI & Machine LearningBiotechData & InfrastructureDigital HealthHealthtechMinamisoma, JP
井上 昌洋(代表取締役 (CEO))
Board有地 正太(取締役 (Director))別所 直哉(取締役 (Director))
Zevero provides a carbon accounting and emissions management platform combining software, data, and expert support to help businesses measure and reduce emissions, set science-based targets, and align with global reporting frameworks.
AI & Machine LearningCleantechClimate TechSaaSLondon, GB
Kreation is a Web3 publisher platform for Japanese creators to go global, offering NFT-based commerce, metaverse fashion collectibles, and free-to-play gaming experiences.
Creator EconomyCrypto & Web3GamingTokyo, JP
Tatsuro IwamotoTomoya Ogawain
Co-investorsGlobal BrainW Inc.OVO FundW venturesXTech Ventures
A Japanese company that selects underutilized fish species from Japan's over 4,000 varieties and uses advanced aquaculture technology to produce high-quality farmed fish for global markets.
AgTechFoodTech
Shunichiro Hosoya(Founder)in
Co-investorsBeyond Next VenturesGlobal BrainSpiral Innovation Partners
Shuttle Pay offers a prepaid Mastercard card and companion apps for children and parents, letting families send money, track spending in real time, set savings goals, and manage allowances.
ConsumerFintechTokyo, JP
見原思郎
Co-investorsNOW JapanGenesia Ventures
Solaris develops soft robots that use artificial muscles for pipe maintenance.
Deep TechHardwareRobotics
Co-investorsAbies VenturesJR East Start UPShizuoka CapitalSpiral Innovation PartnersUTokyo Innovation Platform Co. Ltd.
A Japanese company developing and deploying renewable energy solutions, including solar roofing and wall-integrated systems.
CleantechConstruction TechEnergyYokosuka, JP
Co-investorsFIRSTLIGHT CapitalGMO VenturePartnersSpiral Innovation Partners
Lisse provides AI-powered legal document review and legal compliance support services to enterprises.
AI & Machine LearningEnterprise SoftwareLegalTechTokyo, JP
Miki Fujita(Representative Director & CEO)
Co-investorsAngel Bridge Co.,Ltd.Global BrainMPowerPrime PartnersSpiral Innovation PartnersAozora Corporate Investment
Dioseve develops reproductive cell technology that uses a proprietary differentiation-induction method to generate oocytes and ovarian somatic cells from iPS cells.
BiotechDeep TechFemTechTokyo, JP
Co-investorsCoral CapitalDG Daiwa VenturesMIRAIDOOR Co. Ltd.Pangaea Ventures Us Inc.
LINEA Innovations is a fusion energy company developing commercial reactors based on advanced-fuel fusion reactions and related technologies.
CleantechDeep TechEnergyTokyo, JP
Tomohiko Asai(Co-founder & Director, CSO)Mizuki Sakamoto(Co-founder & Director, CTO)Yuta Nojiri(Representative Director & CEO)inRyo Tamaki(Director, CFO)in
Co-investorsKeio Innovation InitiativeON&BOARDSpiral Innovation Partners
Miresso develops beryllium materials and supply chain solutions for fusion energy applications.
Deep TechEnergyNew MaterialsMisawa, JP
Masaru Nakamichi(CEO)inYu Nakano(Technical Development Director)
Co-investorsGlobal BrainKeio Innovation InitiativeMPowerNTT DOCOMO VenturesSpiral Innovation PartnersGenesia Ventures+1 more
EnerBank develops digital platforms for energy procurement and decarbonization.
B2B MarketplacesCleantechClimate TechEnergySaaSTokyo, JP
Kenichi Muranaka(Representative Director / Co-founder)Shogo Sato(Representative Director / Co-founder)Daisuke Sekine(Director CTO / Co-founder)
Co-investorsNippon Venture CapitalGenesia Ventures
Emulsion Flow Technologies (EFT) develops solvent-extraction technology known as "emulsion flow," rooted in nuclear science research, to address resource and environmental problems including lithium-ion battery recycling and PFAS recovery.
Circular EconomyCleantechDeep TechNew Materials
永野 哲志(Founder)鈴木 英哉(Founder)Hiroshi Suzuki(代表取締役社長 CEO)鈴木 裕士(代表取締役社長 (Chief Executive Officer))in江 達(取締役 (Chief Operating Officer))長縄 弘親(取締役 (Chief Science Officer))
Co-investorsHonda Innovations Silicon ValleyNCB Venture CapitalShizuoka CapitalUntroD CapitalX-HUB TOKYO Global Startup Accelerator
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ActelligentGo SpiraliibaIxyas Technology and Ingenuity SimplifyMOZUOLTAPlanetsaversWAKA Roblox上で日本のブランド・IPと熱中をつなぐマーケティング支援・コンテンツプロデュース事業を展開。アセンド 運送管理SaaS「ロジックス」を軸にマネーフォワードプライベートバンク 超富裕層の複雑な資産管理を一元化し、最適な意思決定を支援するプラットフォームを展開。ヨセミテ 事業承継・M&Aを通して株式会社MW
Portfolio news
latest coverage across their companiesTailor · thesaasnews.com · Nov 24, 2025
Frequently asked questions
- How many investments has Spiral Capital made?
- Spiral Capital has 62 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
- What stage does Spiral Capital invest at?
- Spiral Capital invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
- What sectors does Spiral Capital focus on?
- Spiral Capital focuses on SaaS, Sector Agnostic.
- Where is Spiral Capital located?
- Spiral Capital is headquartered in Tokyo, JP.
- Does Spiral Capital lead rounds?
- Spiral Capital has led 3 of the 8 rounds where its role is on record.
- Who does Spiral Capital co-invest with?
- Spiral Capital most often shares deals with Spiral Innovation Partners, Global Brain, Nippon Venture Capital, among 74 tracked co-investors.
From the blog
visit blog ↗Spiral Capital's recent coverage focuses on two growth-stage companies: PowerEx, which redesigns Japan's energy infrastructure through battery storage to raise energy self-sufficiency, and SANU, a lifestyle brand expanding shared natural accommodations nationwide while integrating business, brand, and environmental sustainability. AI summary
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