Z Venture Capital — Full Portfolio

Aiming develops and operates online games for global audiences, with a focus on free-to-play titles using item-based monetization models.

GamingTokyo, JP

椎葉（Shiiba）(CEO)

Co-investorsINIncubate FundSMSMBC Venture CapitalJAJAFCO Group

aquwa is a Japanese content production company that creates and operates video content, primarily on YouTube, including the kids/family channel "Sansan Kids TV" and manga videos.

Creator EconomyMarketing TechMedia & EntertainmentTokyo, JP

Kazuya Sasaki(代表取締役社長 (President & CEO))

Co-investorsINIncubate Fund

BALLAS designs, develops, manufactures, and sells construction materials.

Advanced ManufacturingB2B MarketplacesConstruction TechSaaSTokyo, JP

Co-investorsANANOBAKAGLGlobal BrainMImint VCAOAozora Corporate InvestmentDADaiwa House VenturesKYKyoto Capital Partners+4 more

Candee is a creative production agency and wholly owned subsidiary of Shogakukan that handles video production, live streaming, event production, and fan-business services, offering end-to-end planning, filming, and editing.

AdTechCreator EconomyMedia & Entertainment

Co-investorsNTNTT DOCOMO VenturesSTSTRIVE

COUNTERWORKS is a Japanese company that digitizes commercial real estate to enable more flexible retail and commerce.

MarketplacesPropTechRetail TechSaaSTokyo, JP

naoki sanpei(Founder)in三瓶 直樹(代表取締役 CEO)薮祐薮本 祐介(取締役 CFO)山本 健人(取締役 CDO)徳永 岳史(CTO)寺山 淳基(CPO)

Co-investorsIGIgnition Point Venture PartnersRERegional Revitalization SolutionJAJAFCO Group

ElevationSpace develops small-satellite re-entry and recovery technology to return the results of in-orbit experiments to Earth, aiming to build an orbital transport network for people and goods.

Deep TechHardwareSpace Tech

RKRyohei Kobayashi(Founder)inToshinori Kuwahara(Founder)

Co-investorsBEBeyond Next VenturesCACanal VenturesGLGlobal BrainMIMIRAI SOUZOUNTNTT DOCOMO VenturesPEPERSOL VENTURE PARTNERS+4 more

GameWith operates game-related media and services, including game information content, the gaming-focused internet line "GameWith光," and NFT games such as EGGRYPTO X.

Crypto & Web3GamingMedia & Entertainment

Co-investorsINIncubate Fund

MOVO is a SaaS-based logistics digitization platform that provides cloud-based transportation management solutions for freight and delivery operations.

AI & Machine LearningCloud ComputingData & InfrastructureLogistics & Supply ChainSaaS

Co-investorsIDIDATEN VenturesJAJapan Post Capital Co. Ltd.SOSony Ventures Corporation

Hubble is a contract management cloud platform that automates contract workflows and knowledge management for legal and business teams, enabling efficient collaboration and contract data consolidation.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSTokyo, JP

早川晋平(CEO)藤井克也(CTO)酒井智也(CLO)

Co-investorsDNDnx VenturesMImint VCVEVertex Ventures Sea Management Pte. Ltd.

IMCF invests in new value creation and builds brands, using the internet to deliver next-generation Japan-originated global brands to people worldwide.

ConsumerE-commerceMedia & EntertainmentTokyo, JP

Masamichi Yoshitake(Founder)in

Co-investorsANANOBAKA

Lang-8 operates language learning web services and mobile applications that connect learners to correct each other's language exercises, including platforms for peer-to-peer language correction and question-and-answer language learning.

ConsumerEdTechSaaSSocialTokyo, JP

Xi Yangyang

Co-investorsDGDG IncubationKYKyoto University Innovation CapitalOPOpen Network Lab

LayerX is a technology company focused on digitizing economic activity, aiming to reduce friction in work and daily life through software.

AI & Machine LearningEnterprise SoftwareFintechSaaSTokyo, JP

YFyoshinori fukushima(Founder)in福島良典(代表取締役CEO)松本勇気(代表取締役CTO)Yoshinori Fukushima(Founder)Yuki Matsumoto(Founder)

Co-investorsDIDIMENSIONFIFIRSTLIGHT CapitalGMGMO VenturePartners

Linc provides online services supporting foreign nationals in Japan through education, career advancement, and employment opportunities across various life stages.

AI & Machine LearningEdTechFuture of WorkHR TechTokyo, JP

Shiyou Naka仲 思遥 (Naka Shiharu)(CEO)井上千鶴 (Chizuru Inoue)(Chief Marketing Officer)増陽増井 陽一 (Yoichi Masui)(Chief Financial Officer)in

Co-investorsIGIgnition Point Venture PartnersGEGenesia Ventures

MFS provides mortgage advisory services in Japan, combining finance expertise with information technology to help borrowers find and refinance home loans on the most favorable terms.

FintechPropTech

中明中山田 明(代表取締役CEO)

Co-investorsGLGlobis Capital PartnersKIKiraboshi CapitalNINippon Venture CapitalNTNTT DOCOMO VenturesSOSony Ventures CorporationAOAozora Corporate Investment

microCMS is a Japan-based headless CMS that delivers data via API from an admin interface.

Cloud ComputingDeveloper ToolsEnterprise SoftwareSaaSTokyo, JP

柴田 和祈(代表取締役 (Representative Director))鈴木 琢人(取締役 (Director))清水 環(取締役 (Director))

Co-investorsEAEast Ventures

A Japanese company that supports businesses, retail stores, and manufacturers with inbound tourism marketing and digital transformation, helping them reach foreign visitors and open new markets.

Marketing TechMedia & EntertainmentRetail Tech

Co-investorsCOCoral CapitalGLGlobal BrainI-i-nest capitalKDKDDI Open Innovation FundNTNTT DOCOMO VenturesRARakuten Capital+1 more

OKAN provides employee retention and workplace wellness solutions through an on-site cafeteria service and organizational health assessment platform for Japanese companies.

Enterprise SoftwareFuture of WorkHR TechWellness & FitnessTokyo, JP

Keita Sawaki(CEO)

Co-investorsRARakuten Capital

Japanese GovTech startup operating policy co-creation platforms connecting citizens, politicians, ministries, municipalities and companies.

Co-investorsGLGlobal BrainKDKDDI Open Innovation FundNONOW JapanNTNTT DOCOMO VenturesSKSkyland Ventures

Scalar develops database-agnostic software solutions for enterprise data management, including ScalarDB—a universal HTAP engine that integrates multiple databases for transactional and analytical processing—and ScalarDL, a distributed ledger for managing data operations with strong security and authenticity guarantees.

Cloud ComputingData & InfrastructureEnterprise SoftwareTokyo, JP

WFWataru Fukatsu(CEO)inHiroyuki Yamada(CTO)inJMJoe McCunney(CEO & President)in

Co-investorsTITIS Ventures

Spectee builds AI-based real-time crisis intelligence, analyzing social media posts, weather data, and satellite data to detect and visualize disasters, accidents, and geopolitical risks.

AI & Machine LearningClimate TechGovTechSaaSTokyo, JP

KMKen Murakami(Founder)in村建村上 建治郎(代表取締役 (Representative Director / CEO))

Co-investorsOPOpen Network LabSHShizuoka CapitalTITIS Ventures

Wilico is a Japanese company that collects hard-to-reach external data (such as prices, inventory, and competitor information) and organizes scattered internal data into formats usable by AI, then integrates it into business operations.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsANANOBAKAPLPlug and Play Ventures

Intimate Merger operates IM-DMP, a large-scale data management platform holding around 1 billion audience data records, offering platform provisioning, data analysis, and data-utilization consulting to client companies.

AdTechData & InfrastructureMarketing Tech

Co-investorsMOMobile Internet Capital, Inc.SMSMBC Venture Capital

Welmo develops care technology products for Japan's elderly-care sector, including AI that records visits and meetings to automatically transcribe and summarize them into standardized care records.

AI & Machine LearningDigital HealthHealthtech

Co-investorsDGDG IncubationFEFemto PartnersSXSX Capital, Inc.UTUTokyo Innovation Platform Co. Ltd.

Japanese fintech operating the THEO robo-advisor and related discretionary investment, fund and iDeCo services.

Co-investorsGLGlobis Capital PartnersGMGMO VenturePartnersSHShizuoka CapitalTHThirdstream PartnersUTUTEC

Kufu is a Japanese group company focused on creating user-oriented services that solve real problems and deliver new experiences to individual users in their daily lives.

ConsumerEnterprise SoftwareFintechMedia & EntertainmentPropTechWellness & Fitness

Co-investorsGLGlobis Capital Partners

Sakeai operates a craft sake brewery on Sado Island and develops technology solutions for the traditional sake industry, including a recommendation service and cloud-based brewery management platform.

ConsumerFoodTechSaaSSado, JP

Daichi Niiyama

Sharedine (シェアダイン) is a personal chef matching service in Japan that connects households with over 40,000 registered food professionals — nutritionists, cooks, and restaurant chefs — who visit homes to prepare batch-cooked meals and course dinners.

ConsumerFoodTechMarketplaces

Yuki Ide (Kimura)(Founder)in

Co-investorsCOCoral CapitalDBDBJ CapitalAOAozora Corporate Investment

SUTELURA is a Japanese company that runs events and corporate health-management support focused on women's wellbeing and femtech, including International Women's Day events, healthcare seminars, and support for obtaining workplace certifications such as the Kurumin childcare-support mark.

Digital HealthFemTechWellness & FitnessTokyo, JP

Shiori Nishi(Representative Director (CEO))

Tokyo-based provider of SmileWorks, a cloud ERP for Japanese SMBs covering accounting, sales, inventory and payroll.

Co-investorsGLGlobis Capital Partners

Social Interior provides office construction and relocation services, handling project management, construction management, and design direction for corporate office spaces.

Construction TechFuture of WorkPropTech

Co-investorsAGAG Capital Co. Ltd.CYCygames CapitalLOLotte Ventures JapanSUSumitomo CorporationAOAozora Corporate Investment

TicketMe operates a ticket-selling platform for event organizers, covering self-service and consignment sales, domestic and international sales, official resale, and entrance management.

MarketplacesMedia & EntertainmentSaaS

Dokidoki Groove Works is a Japanese company that creates digital content and services driven by passion and excitement ("dokidoki"), aiming to deliver engaging experiences to clients and users worldwide.

AI & Machine LearningConsumerDeveloper ToolsGamingMedia & EntertainmentSaaSTokyo, JP

Co-investorsMOMobile Internet Capital, Inc.

Driver Technologies (株式会社ドライバーテクノロジーズ) is a technology startup operating in the "drivers × internet" space.

Mobility & Transportation

Co-investorsSKSkyland VenturesKYKyoto Capital PartnersVEVector Inc.

Japanese startup behind the Picable call-plus-screen-sharing app, now building AI prompt marketplace and voice-content translation services.

Co-investorsG-G-STARTUPNONOW Japan

Hitokuse is a technology company focused on advertising technology, combining marketing and technology to build services including ad tech, media, and rich media advertising.

AdTechMarketing TechMedia & Entertainment

WMWataru MIyazaki(Founder)in

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))

Co-investorsAGAG Capital Co. Ltd.PRPRIMAL CAPITALTOTokyo University of Science Innovation Capital

FreakOut Holdings is a holding company that manages subsidiary companies and develops group management strategy.

AdTechAI & Machine LearningData & InfrastructureMarketing TechTokyo, JP

本謙本田 謙(Representative Director / Global CEO)

Co-investorsGMGMO VenturePartners

MarketEnterprise is a Tokyo-listed company operating online-based reuse (resale/buyback) businesses, a mobile telecommunications (MVNO) business, and related ventures in Japan.

Circular EconomyE-commerceMarketplacesMedia & EntertainmentTokyo, JP

KYKobayashi Yasushi(Representative (CEO))in小泰小林 泰士(代表 (Representative/CEO))Yasushi Kobayashi(代表取締役社長 (President & Representative Director))

Japanese AI consultancy and development company offering AI consulting (on-site FDE-style), corporate AI training, AI system development (AI agents, RAG platforms, integrations), and an AI engineer staffing service.

AI & Machine LearningEnterprise SoftwareSaaS

Monokabu is a Japanese sneaker release calendar and information site that lists upcoming sneaker drops with their release dates, retail prices, and details on raffle and sales availability.

ConsumerE-commerceMedia & Entertainment

Co-investorsMImint VCXTXTech Ventures

Monstarlab is a global digital strategy and transformation partner that builds custom development teams of engineers and designers to help clients pursue business transformation using AI and digital technologies.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

HIHiroki Inagawa(Group CEO / Representative Director)inTMTrish Martin(Managing Director, The Americas)in

Co-investorsHIHiroshima Venture Capital Co. Ltd.JAJapan Post Capital Co. Ltd.MOMobile Internet Capital, Inc.SMSMBC Venture Capital

Yappli is a Japanese company describing itself as a "digital experience company" that uses technology to make digital tools easier to use and improve everyday life.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSTokyo, JP

YIYasubumi Ihara(Founder)inMasafumi Sano(Founder)Masumi Kuroda(Founder)

Co-investorsGLGlobisGLGlobis Capital PartnersITItochu Technology VenturesSASalesforce Ventures

Uzabase builds economic and business information infrastructure aimed at supporting people making business decisions, positioning itself as a leading provider of such data services in Asia.

Data & InfrastructureEnterprise SoftwareMedia & EntertainmentSaaSTokyo, JP

YUYusuke Umeda(Founder)inYIYusuke Inagaki(Founder)inRNRyosuke Niino(Founder)in稲裕稲垣 裕介(代表取締役 CEO / Founder)

Co-investorsCACarlyle GroupGLGlobis Capital PartnersGMGMO VenturePartnersSMSMBC Venture Capital

RareJob provides English-language education services and operates across Japan and the Philippines, offering online English learning along with global leader development and career-related programs.

AI & Machine LearningEdTechFuture of WorkHR TechSaaSTokyo, JP

GNGaku Nakamura(Founder)in中村 岳(代表取締役 社長 (President & Representative Director))杉原 聡(代表取締役 会長 (Chairman & Representative Director))稲司稲垣 司(取締役 (Director))須藤 みゆき(取締役 (Director))Takeshi Nakamura(Representative Director & President)

An online marketplace selling discounted and surplus food products, including fresh seafood, meats, produce, and baked goods, often marketed as "imperfect" or overstock items.

E-commerceFoodTechMarketplaces

Co-investorsDIDIMENSIONJAJapan Post Capital Co. Ltd.

Kamakura Shinsho operates end-of-life services for Japanese consumers and municipalities, including tomb matching, funeral services, inheritance/asset management, and administrative procedure support.

B2B MarketplacesConsumerGovTechMarketplacesMedia & EntertainmentTokyo, JP

清水 祐孝(代表取締役会長CEO)小林 史生(代表取締役社長COO)