Fundraising Fox

Z Venture Capital

Corporate VC

Tokyo · Pre-Seed–Late Stage · 28 people tracked

Also known as Z Venture Capital株式会社

Fox Verdict
Sign up to see your fit

Investment thesis

Z Venture Capital backs innovative startups working to drive transformative societal change. As the venture capital arm associated with the LY Corporation Group, it leverages the group's proprietary resources, expertise, and assets to support portfolio companies. The firm highlights metrics such as number of companies invested in, average investment per company, follow-on investments, and IPO/M&A outcomes, and its recent focus areas include AI and deeptech.

Source: firm website, verified Aug 27, 2026.

Stage
Pre-Seed–Late Stage
Check
$150K – $101M
HQ
Tokyo, CA, JP
Leads rounds
Follows
Instruments
Equity
Founded
2012
Last 12 months
1 investment
AUM
$18.5B
Tracked investments
229

Team · 28 people

from the firm's website & public directories
湯田 将紀· Partner
Julie (Jeemin) Seo· Investment Manager
Sungjoon Park· Investment Managerin
オガワ 陽子· Fund Manager
内田 康介· Associate
北畑 絹子· Associate
染谷 めい· Venture Administrator
高橋 翔吾· Head of Community

What they invest in

from 155 of 229 portfolio companies

SaaS ×54AI & Machine Learning ×49Consumer ×35Enterprise Software ×26Media & Entertainment ×26Fintech ×25Marketing Tech ×21E-commerce ×18

HQs:Japan×88United States×14South Korea×13Indonesia×8Singapore×3Malaysia×2

Who they back

founder profiles across 37 portfolio companies
65%
solo founders
24 of 37 mapped founding teams
61%
repeat founders
of 23 founders with career history

Founding team size:solo founder×242 founders×73 founders×54+ founders×1

Where their founders studiedfrom 20 founders with education data

Georgetown University ×2University of California, Berkeley ×2

Where their founders worked beforefrom 23 founders with career history

Morgan Stanley ×2Onavo (Acquired by Facebook) ×2UBS ×2VOYAGE GROUP, Inc. ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5

1 founders hold a PhD · 3 hold an MBA (of 23 with degree data)

Investments · 229 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22023 · 12022 · 22015 · 28 dated

Dialtoneusedialtone.comin✓ verified

Dialtone provides AI agent software that helps enterprises automate operations and workflows.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

Akash Kashyap(Founder)inPetr

Co-investorsAmino CapitalY Combinator

㈱LEAN BODYlean-body.co.jp

Co-investorsDBJ Capitali-nest capitalSkyland Ventures

㈱Shippioshippio.ioin𝕏

Shippio operates as a digital freight forwarder in Japan, offering cloud software and international logistics (forwarding) operations to shippers and logistics providers.

AI & Machine LearningFintechLogistics & Supply ChainSaaSTokyo, JP

Takanori Sato(Founder)inTakashi TsuchiyaTsuyoshi Niwa

Co-investors500 GlobalCoral CapitalDBJ CapitalDelight VenturesDnx VenturesGlobis Capital Partners+8 more

Acon3Dacon3d.com𝕏

ACON3D is an online marketplace for 3D models and digital art assets created by artists, offering downloadable content for creative and design work.

Creator EconomyE-commerceMarketplaces

AFINITafinit.comin

Afinit operates an AI-based financial decisioning platform focused on alternative credit scoring for people underserved by traditional credit evaluation.

AI & Machine LearningFintechImpact & Social Good

Alualu.jp𝕏

Aru operates a Japanese manga website created with contributions from manga fans, offering reviews, recommendations, feature articles, and daily "what to read today" content.

ConsumerMedia & Entertainment

Amarthaamartha.comin𝕏

Amartha is an Indonesian digital financial services platform that provides working capital financing to women-run rural micro-businesses (MSMEs) and offers impact-oriented investment products to individuals and institutions.

FintechImpact & Social GoodMarketplaces

Andi Taufan Garuda Putra(Founder & CEO)in

Co-investorsAccionLendableMandiri Capital IndonesiaBEENEXT

Asoviewasoview.com

Co-investorsJIC Venture Growth Investments

B GARAGEbgarage.aiin

B GARAGE builds autonomous drones powered by computer vision that count and digitalize warehouse inventory in near real time, offered through a Robot-as-a-Service subscription model.

AI & Machine LearningLogistics & Supply ChainRoboticsSan Jose, US

Aiden Kim(Founder)

Co-investorsIMM Investment JapanKT investment Inc.LB Investment

Babybillybabybilly.app

Baby Billy (Village Baby) is a Korean mobile app for pregnancy, childbirth, and parenting that provides stage-based information, evidence-based editorial content, health tracking for baby and mother, a community for parents at similar stages, and product recommendations.

ConsumerDigital HealthFemTechSeoul, KR

Lee Jung-yoon(CEO (대표이사))

bellFacebell-face.com

Bellface (ベルフェイス) provides a telephone-based online sales meeting system that lets sales reps present products, deliver documents, and close deals over a phone connection without app installation.

FintechSaaSSales Tech

Co-investorsCanal VenturesGlobis Capital PartnersMoney Forward Venture Partners

Bespobespo.tech
BlueBankbluebank.appin𝕏

BlueBank is a membership-based financial management app for corporate business owners, offering unified management of corporate and personal accounts, cash-flow and tax optimization simulations, and a corporate card with rewards.

FintechSaaS

Co-investorsAozora Corporate InvestmentCanal VenturesGenesia Ventures

Bluepointbluepoint.ac
Boomeeboomee.jp
Brgcardbrgcard.com

brg provides a card grading service that evaluates trading/collectible cards through a 12-step process using VSC scanning instruments and proprietary software, then encases graded cards in sealed protective cases.

ConsumerHardware

BRIAbria.aiin𝕏

Bria provides visual generative AI infrastructure for tech companies, offering APIs and SDKs for image generation, editing, and optimization built on foundation models trained exclusively on licensed, attributed data.

AdTechAI & Machine LearningDeveloper ToolsEnterprise SoftwareMarketing TechSaaS

Co-investorsAtinum Investment Co. Ltd.Bright Pixel CapitalEntrée CapitalGFT VenturesIN VentureRed Dot Capital Partners+3 more

Bunchbunch.live

Bunch is a mobile app for video chatting with friends while playing party games together.

ConsumerGamingImpact & Social GoodSocial

Jason LiangJordan Howlett

Co-investors500 GlobalColopl NextMetis VenturesRed Beard VenturesTRANSCENDVelo Partners+1 more

Caca.la

Mercer is a web-based platform for designing and producing fashion products, letting users concept, create, and manage designs from sketches, CADs, tech packs, or AI-generated imagery.

AI & Machine LearningCreator EconomySaaS

Co-investorsMaersk Growth

Catalogcatalogdna.comin𝕏

Biomemory develops DNA-based data storage systems for data centers, offering an alternative storage tier optimized for long-term archival, density, and energy efficiency.

Climate TechData & InfrastructureDeep Tech

Co-investorsCivilization Ventures Management, LlcFifty YearsHemisphere Ventures LLCNew Enterprise Associates (NEA)Prefix CapitalCantos Ventures+3 more

Chatbookchatbook.ai

Co-investorsCARTA VENTURES, Inc.

Chroniclechronicle.studioin

Chronicle Studios operates an agentic AI platform that uses audience analytics (its CultureDB) and audience simulation to automate social media strategy, content optimization, cross-platform distribution, and audience discovery for creators, studios, and brands.

AI & Machine LearningCreator EconomyMedia & EntertainmentLos Angeles, US

Aaron Sisto(Founder)inScott Greenberg

Co-investorsPoint72 VenturesTranspose Platform ManagementAccelPatronSands Capital VenturesStrobe Ventures

Cinchcinchtech.ai
Cinchcinch.ioin𝕏Apr 2025 · $38.2M

Cinch is a customer data and experience platform (CDXP) that unifies data from multiple sources, applies data-science tools to segment audiences, and runs automated multi-channel marketing across SMS, email, direct mail, in-app, reviews, and ads.

Data & InfrastructureMarketing TechSaaSDraper, US

Justin Rae(CEO)

Co-investorsCampus Founders FundKickstart1982 VenturesCultivation CapitalMonk's Hill VenturesSeedstars

Coffee Meets Bagelcohive.spaceJan 2015

San Francisco, US

Ahreum Kang(Executive Officer, Director)Da Woon Kang(Executive Officer, Director)

BoardOsuke Honda(Director)

Co-investorsAC VenturesAgaeti VenturesGingerbread CapitalLightbankQuest Venture PartnersAtami Capital+2 more

Comicicomici.jp𝕏

Comici (コミチ) was a Japanese web platform for reading and posting original manga and columns, offering genre rankings, editorial picks, and manga contests.

ConsumerCreator EconomyMedia & Entertainment

Commmunecommmune.jp𝕏

Commune provides community-building software and services for companies to strengthen relationships with customers and employees, offering tools for Voice of Customer/Employee analysis, engagement programs, AI agents, and loyalty management.

AI & Machine LearningMarketing TechSaaS

Cteectee.kr
Cupistcupist.com

Cupist is a Korean "love-tech" company that builds dating and social connection products, including the dating app Glam, the app Kemit (enfpy), and AlphaState, and is developing AI- and robot-based companionship experiences.

AI & Machine LearningConsumerSocialSeoul, KR

안재원(대표 (CEO))

Co-investorsWe Ventures

Datamakerdatamaker.ioin

DataMaker builds an all-in-one AI platform covering data preparation through AI development, including its Synapse product and domain-specific AI agents.

AI & Machine LearningData & InfrastructureDefense Tech

Delydely.jp
Destydesty.appin

Mekari Desty is an omnichannel e-commerce management platform that connects marketplaces (Shopee, Tokopedia, TikTok Shop, Lazada, Blibli), webstores, and physical stores into one dashboard for centralized inventory, order, chat, and sales reporting.

E-commerceRetail TechSaaS

Co-investorsJungle VenturesSquare Peg CapitalEast VenturesJanuary Capital

Dialpaddialpad.comin𝕏

Dialpad provides a platform that transforms customer conversations into actionable intelligence for businesses.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSan Ramon, US

Craig Walker(Chief Executive Officer & Founder)inJohn Rector(Director)Brian Peterson(Chief Technology Officer & Founder)inLily Toy(Executive Officer)Dan O'Connell(Director)

BoardMark Shulgan(Director)in

Co-investorsAcrew CapitalAndreessen HorowitzAtomicCerity Partners VenturesFelicis VenturesFly Ventures+13 more

Double Jump Tokyodoublejump.tokyoMay 2022

double jump.tokyo is an enterprise Web3 infrastructure company offering four solutions—corporate wallets, stablecoin payments, AI agent payments, and crypto asset accounting—for companies' authentication and payment needs.

AI & Machine LearningCrypto & Web3Enterprise SoftwareFintechTokyo, JP

Hironobu Ueno(Director)yukinori matsuyainYukinori Matsuya(Director)Takashi Fujishima(Director)Ryo Manzoku(Director)Hiroyuki Kawamoto(Director)

Co-investorsDentsu VenturesFenbushi CapitalPrime PartnersSBI Investment

Ecomobiecomobi.com

Ecomobi provides a social commerce platform offering affiliate marketing, livestream commerce, and SaaS tools that connect brands with influencers and content creators to drive online sales.

Creator EconomyE-commerceMarketing Tech

Thanh Truong(Founder)inDung Do Kim(Founder)in

Co-investorsTheVenturesVinaCapital Ventures

Endowusendowus.comin

Endowus is a digital wealth management and investment platform that lets individuals build and manage portfolios of curated funds, including investments sourced from cash, CPF, and SRS.

Fintech

Gregory Van(Founder)inSamuel Rhee(Founder)in

Co-investorsK3 VenturesLightspeed Venture PartnersOSK Ventures InternationalCiti VenturesIlluminate FinancialMUFG+3 more

Energent AIenergent.aiin𝕏Sep 2023

Energent.ai provides a generative AI-powered data analytics platform that enables users to analyze data through natural language prompts without requiring SQL or analytics expertise.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSan Francisco, US

Rachel Hu(Founder)in

Co-investorsY CombinatorEmbedding VCGeneral CatalystHub71

Evolanyevolany.comin𝕏

Evolany offers anybot, a no-code cloud service that connects with LINE to build marketing content such as lotteries, stamp cards, game campaigns, and mini-apps for automated customer engagement.

Marketing TechSaaSSales Tech

Song Yu(Founder)in

Factblockfactblock.com𝕏

FACTBLOCK is a Web3 and blockchain company that organizes Korea Blockchain Week, runs node/validator infrastructure for blockchain networks, operates the FABLO reward app, and provides event planning (MICE), PR/marketing, and consulting services.

Crypto & Web3Media & EntertainmentSeoul, KR

Fairydevicesfairydevices.jp

Fairy Devices develops integrated software and hardware that connects people and machines, focused on AI technologies that accurately convey what people see, hear, and feel to AI systems.

AI & Machine LearningDeep TechHardware

Masato Fujino(Founder)in

Co-investorsDG Daiwa Ventures

Fastworkfastwork.idin𝕏

Fastwork is a freelance marketplace connecting Indonesian businesses with professional freelancers for services such as graphic design, writing, translation, online marketing, data entry, and web and app development.

Future of WorkHR TechMarketplaces

Co-investorsGobi Partners

Faunafauna.comDefunct

Fauna built FaunaDB, a serverless document-relational cloud database, and shut down the service in May 2025.

San Francisco, US

Evan Weaver(Executive Officer, Director, Promoter)

Co-investorsConversion CapitalDCVC (Data Collective)Madrona Venture GroupMango CapitalPoint72 VenturesVista Venture Partners+3 more

Feedbackloopfeedbackloop.com

Co-investorsCrosslink CapitalSupernode Ventures

Finfrafinfra.io

FINFRA provides embedded finance infrastructure and APIs that let non-financial technology companies offer credit products such as invoice financing, payroll financing, working capital loans, and point-of-sale lending to their customers.

Data & InfrastructureFintechSaaS

Co-investorsAccionBADideas.fundFirstpickCento VenturesHustle Fund

Flikflik.co.id

FLIK provides Indonesian online and physical merchants with tools including a fast website checkout, QRIS-based in-store payments, courier shipping, and order forms/landing pages for online sales.

E-commerceFintechRetail Tech

foriioforiio.com𝕏

Foriio is a free portfolio platform for creators to upload, showcase, and share their work with built-in features for crediting collaborators and documenting production processes.

Creator EconomyMarketing TechSaaSTokyo, JP

Hirohito Yamada(Founder)in

Co-investorsGlobal BrainKDDI Open Innovation FundShizuoka Capital

GMO Cybersecurity by Ierae, Inc.gmo-cybersecurity.com

GMO Cybersecurity by Ierae is a Japanese security vendor offering vulnerability assessments and penetration testing by white-hat hackers, plus AI security testing, incident response support, security consulting, and SOC/managed defense services.

AI & Machine LearningCybersecurity

Co-investorsGMO InternetOita Venture CapitalTokyo University of Science Innovation Capital

goooods株式会社goooods.com

Goooods is a B2B wholesale marketplace connecting retailers and buyers with over 3,000 domestic and international brands across categories like food, beauty, household goods, fashion, and interior products.

B2B MarketplacesE-commerceRetail TechTokyo, JP

Louis Nonouchi(Founder)inKeisuke Kanno(Founder)in

Co-investorsAngel Bridge Co.,Ltd.Incubate USVela Partners

Habitfactoryhabitfactory.co𝕏

HabitFactory provides tools that support the insurance workflow from consultation to contract completion, and helps users through loan processes by reducing paperwork and interest-rate comparison using AI-based tools and expert consultation.

AI & Machine LearningFintechInsurTech

Co-investorsWe Ventures

HappyFreshhappyfresh.com

HappyFresh runs an online grocery ordering and delivery service, sourcing items from local supermarkets and stores in the cities where it operates.

Mobility & Transportation

Benjamin KoellmannFajar BudiprasetyoFrederic VerinGuillem SegarraKai KuxKonstantin Lange

Co-investors500 GlobalCapria VenturesLiquidity CapitalMars Growth CapitalVertex Ventures Sea Management Pte. Ltd.Endeavor Catalyst+3 more

Hellohello.ai𝕏Jun 2015

Hello (株式会社ハロー) develops AI-based restaurant services, including AutoReserve, an AI-powered restaurant reservation site, and Respo, an all-in-one platform for restaurants offering booking ledgers, POS, and self-ordering.

AI & Machine LearningConsumerFintechFoodTechSaaSSan Francisco, US

James Proud(Executive Officer, Director)播口 友紀(代表取締役 CEO)杉本 風斗(取締役 CTO)

BoardDaniel Rose(Director)田中 和希(社外取締役)

Co-investors8VCBling CapitalFirstLook PartnersMax VenturesREMUS CapitalScale Venture Partners

Helpfeel Inc.helpfeel.com𝕏

Helpfeel provides a knowledge data platform that uses search technology and AI to organize and deliver company knowledge to customers and employees.

AI & Machine LearningEnterprise SoftwareSaaS京都, JP

洛西 一周 (Shūichi Nagata)(代表取締役/CEO)

Co-investorsGlobal BrainGlobis Capital PartnersOne CapitalSalesforce VenturesSMBC Venture Capital

HonestDocshonestdocs.idin𝕏

HonestDocs is an Indonesian health information platform offering articles on diseases (causes, symptoms, treatment, prevention), hospital reviews, and an "Ask a Doctor" service where medical experts answer users' health questions.

ConsumerDigital HealthHealthtech

Co-investorsAC VenturesGobi PartnersiSeed

Hopaehopae.comin

Hopae provides identity infrastructure for enterprises, offering a single compliant API to connect to 65+ government electronic ID systems and trusted credentials, plus an accredited, eIDAS 2.0-compliant wallet SDK.

Crypto & Web3CybersecurityDeveloper ToolsSaaS

Ace Shim(Founder)inJinyoung UnknownKate Lee

Co-investors500 Global

HUSTAR株式会社studychain.jp
Idnidn.mediain

IDN is a media and entertainment technology company targeting Millennials and Gen Z in Indonesia, operating an ecosystem of digital media products, events, and a foundation.

ConsumerMedia & EntertainmentJakarta, ID

Winston Utomo(Founder)in

Iettyietty.me

ietty is an online rental property brokerage in Japan that helps consumers find apartments matching their preferred conditions (location, rent, etc.) and delivers listings via chat.

ConsumerMarketplacesPropTech

Taihei Ogawain

Ihokihok.jp

Browse all 229 investments with full details →

29 more tracked companies

株式会社インティメート・マージャー株式会社ウェルモ株式会社ウタイテ株式会社お金のデザイン株式会社くふうカンパニー株式会社サケアイ株式会社シェアダイン株式会社ステルラ株式会社スマイルワークス株式会社ゼロワン株式会社ソーシャルインテリア株式会社チケミー株式会社ドキドキグルーヴワークス株式会社ドライバーテクノロジーズ株式会社ピカブル株式会社ヒトクセ株式会社フューチャースタンダード株式会社フリークアウト・ホールディングス株式会社ブレンド株式会社マーケットエンタープライズ株式会社みーつけあ株式会社ムビコ株式会社モノカブ株式会社モンスターラボホールディングス株式会社ヤプリ株式会社ユーザベース株式会社レアジョブ株式会社レット株式会社鎌倉新書

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Z Venture Capital made?
Z Venture Capital has 221 tracked investments, 2 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Z Venture Capital invest at?
Z Venture Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Z Venture Capital's typical check size?
Z Venture Capital typically writes checks of $150K – $101M.
What sectors does Z Venture Capital focus on?
Z Venture Capital focuses on AI & Machine Learning, Crypto & Web3, Cybersecurity, Data & Infrastructure, Deep Tech, E-commerce, EdTech, Fintech, Healthtech, HR Tech, Logistics & Supply Chain, Media & Entertainment, SaaS, Space Tech.
Where is Z Venture Capital located?
Z Venture Capital is headquartered in Tokyo, JP.
Does Z Venture Capital lead rounds?
Z Venture Capital typically participates in rounds rather than leading them.
Who does Z Venture Capital co-invest with?
Z Venture Capital most often shares deals with Global Brain, Globis Capital Partners, 500 Global, among 189 tracked co-investors.

Images

Z Venture Capital photoZ Venture Capital photo

Co-investors · 3

NOW Japan

NOW is a venture investment firm with a Japanese focus, backing early-stage startups across various sectors.

$771K – $30M
Beyond Next Ventures

Beyond Next Ventures is a Japan-based deep-tech venture capital firm supporting the commercialization of research from academia and large corporations, and building startup ecosystems.

Both backed · 2
ANRI

ANRI is a Japanese venture capital fund led by founder-GP Anri Samata that takes a high-maintenance seed strategy, aiming to own around 25% at exit by starting with roughly 10% at seed and actively working with founders on legal, IP, team building, PR, and marketing. The fund is unusually aggressive in backing deep-tech and university-origin seed startups, deliberately stepping into the valley of death between research grants and Series A where few Japanese funds will take risk on unproven tech commercialization.

$497K – $78M

Firms observed investing alongside Z Venture Capital, from public investor directories. Shared companies are the overlap with Z Venture Capital's recorded portfolio.

Similar investors

Featured in lists