Predict your next investment

Nippon Venture Capital company logo
Venture Capital
FINANCE | Investment Firms & Funds
nvcc.co.jp

See what CB Insights has to offer

Investments

287

Portfolio Exits

35

Funds

12

About Nippon Venture Capital

Nippon Venture Capital is an independent venture capital firm that specializes in investments in incubation and start-up companies.

Nippon Venture Capital Headquarters Location

Marunouchi Building 34F 2-chōme-4-1 Marunouchi, Chiyoda City

Tokyo, 100-6334,

Japan

+81 03-6256-0230

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Nippon Venture Capital Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Nippon Venture Capital Rank

Latest Nippon Venture Capital News

Studist nabs $17M from Pavilion Capital and others to boost Asia expansion

Apr 19, 2021

Tokyo-based Studist , the Japanese startup behind the TeachMe Biz visual workflow management platform and the Hansoku Cloud sales promotion PDCA management platform, announced today that it has secured 1.85 billion yen (about $17.1 million US) in the latest round. In addition to existing investors such as DNX Ventures, Nippon Venture Capital, and Salesforce Ventures, participating investors in this round are 31 Ventures-Global Brain Growth I (jointly run by Mitsui Fudosan and Global Brain), Pavilion Capital (a private equity fund by Singaporean Government-backed Temasek Holdings), and Hakuhodo DY Ventures. For Studist, this round follows their series C round back in April of 2019. The company has not disclosed the round stage but this is its fifth round securing funds from external investors. It brought the total sum of funding up to about $29.6 million US. According to the Initial startup database, the company’s post series C round (previous round) valuation is estimated about $63.4 million US. TeachMe Biz is widely used in the manufacturing, retail, and restaurant industries. The platform has served more than 318,000 accounts and saved over 520,000 SOPs (standard operation procedures) as of March of this year. In November of last year, the company launched Hansoku Cloud as a new product line. The platform enables chain retailers, such as small supermarkets and drugstores, to put all instructions from their headquarters to stores in a place. It can reduce the burden on store clerks and encourages them to display new products as the instructions are given in an easy-to-understand manner that does not rely on text alone. Studist has been focused on the SaaS business, but will strengthen its consulting service for better introducing TeachMe Biz, which has been offered on a testing basis to a total of 12 big companies since August last year. Generally speaking, consulting business is often labor-intensive, but the Studist’s one may rather help bring more users to the SaaS platform. With Mitsui Fudosan, one of the new investors, Studist intends to introduce the TeachMe Biz platform to Mitsui’s subsidiaries and tenants in their office buildings and shopping malls to help them improve their productivity. Meanwhile, Studist has been expanding into Southeast Asia , particularly Thailand where about 70 companies are using the TeachMe Biz platform. Having Pavilion Capital onboard, Studist may be more likely to reach potential customers in Thailand, Malaysia, Hong Kong, and Vietnam. Based on the Hansoku Cloud platform, Studist plans to launch a new service for brands this summer. Details have not been disclosed but it may be something allowing brands to introduce their new products directly to retailers and use the storefront as a marketing tool. Hakuhodo, another investor in the round, has a creative department with strong ties with these brands. Related news SHARE: We first covered Warrantee seven years ago when the company’s founder Yusuke Shono was selected as a finalist at HackOsaka 2014, an annual startup conference hosted by Osaka City. His rare experience that every single home appliance he bought when he started living alone was broken triggered him to launch his first business Warrantee aiming to convert all warranties into digital. It may be often hard for us to find a warranty form when we specifically need it. He created the service because he thought it would be convenient to manage such warranties electronically, but at first he had no idea about how to get companies to pay for it or how to grow the user base. They wondered if they could provide something like, “If you register your warranty on the platform, we’ll give you another year of warranty for free.” That was the beginning of their new insurance concept. In late 2014, Warrantee received investment from Japanese cooking-recipe sharing site Cookpad (TSE:2193) and started exploring business synergy with them. This made Shono keenly aware of the strength of a complimentary service, and he says, “It’s amazing that (Cookpad) can attract so many users even though it’s free,”. This… Read More Image credit: Warrantee We first covered Warrantee seven years ago when the company’s founder Yusuke Shono was selected as a finalist at HackOsaka 2014 , an annual startup conference hosted by Osaka City. His rare experience that every single home appliance he bought when he started living alone was broken triggered him to launch his first business Warrantee aiming to convert all warranties into digital. It may be often hard for us to find a warranty form when we specifically need it. He created the service because he thought it would be convenient to manage such warranties electronically, but at first he had no idea about how to get companies to pay for it or how to grow the user base. They wondered if they could provide something like, “If you register your warranty on the platform, we’ll give you another year of warranty for free.” That was the beginning of their new insurance concept. In late 2014, Warrantee received investment from Japanese cooking-recipe sharing site Cookpad (TSE:2193) and started exploring business synergy with them. This made Shono keenly aware of the strength of a complimentary service, and he says, “It’s amazing that (Cookpad) can attract so many users even though it’s free,”. This may be another reason why Warrantee is focused on developing a complimentary service. Shono said, Insurance for home appliances could be provided for free (as a way for sponsoring appliance manufacturers in return to obtain detailed user profiles) because it’s inexpensive, but not for automobiles because of high price. But if, for example, we divide a year by 365 days and ask a companies to pay 200 yen a day for each user, it could work. Warrantee announced the launch of its first InsureTech business in 2017. Warrantee CEO Yusuke Shono (left), Tokio Marine Nichido Managing Executive Officer Yusuke Otsuka (right) Image credit: Warrantee In 2017, Warrantee, which had been touting themselves a warranty managing startup, suddenly started talking about insurance. Through its experience launching insurance business, Shono says his company could learn about Japan’s Insurance Business Act and how to coordinate with government agencies. Warrantee’s “Free Insurance” is a way of making on-demand insurance premium-free. He explained, One example is our partnership between Japanese air-conditioner giant Daikin and property franchisor Century 21 Japan. Daikin wanted to connect with property owners (such as landlords) who owned a large number of air conditioners in their properties. However, since air conditioners are typically sold through retailers or housing equipment companies, Daikin had no profile of these air conditioner owners as end users. By having Daikin sponsor our product, Warrantee provided property owners with an additional warranty for their air conditioners free of charge. In return, Daikin could obtain the real estate owner’s profiles. It was a win-win situation for both Daikin and the property owners. Despite its start with insurance for home appliances, Shono’s company can provide the service even for clinics which typically own expensive medical equipments. In view of how pharmaceutical firms and medical equipment manufacturers approaching medical institutions, we may imagine their sales representatives making on-site visits and phone calls but this is inefficient because medical professionals are often very busy. If Warrantee can provide give the firms sales channels in return for sponsoring Free Insurance for clinics, medical professionals would be willing to find the time slot for meet-up. He continued, Many manufacturers are pivoting their business model from product selling to subscription-based. For example, before a product becomes obsolete or broken, they can send customers a new model at no extra cost after 10 years of their first purchase. I believe that our Free Insurance is a great match for this trend. The Free Insurance concept can be applied not only to “products” but also to “humans”. For example, it may give osteoporosis patients calcium supplements for free, or may allow people to sign up for complimentary health promotion services based on the result of their medical checkup. Some people may be reluctant to give out their profile but many may be willing to receive these rewards if the benefits outweigh the negatives. He added, Japan has a universal health insurance system that allows all its nationals to receive advanced medical care at lower cost. But US and Singapore don’t, so doctor bills there vary from hospital to hospital, making it easy for us to launch the Free Insurance in these markets. In the US, not only health insurance but also car insurance is expensive. We decided to open a branch office in Singapore because it is a good place to start something new. Warrantee’s core members are located in Tokyo and Osaka, but we finally learned why Shono has repeatedly visited Singapore despite the inconvenience of being quarantined for two weeks amid the COVID-19 pandemic. The Free Insurance business seems to be doing quite well although the amount of sales is unknown, and the firm is aiming for an IPO in the US through an SPAC (Special Purpose Acquisition Company) in the near future, sources say. In February, Evo Acquisition was incorporated as an SPAC to help get Japanese companies listed in the US. There will be more and more Japanese startups like Warrantee seeking a way out of the global market and aiming for a US IPO. Related news SHARE: See the original story in Japanese. Japanese MedTech Startup Allm has secured 5.6 billion yen (over $50.5 million) from investors including Mitsui & Co (TSE:8031) and SOMPO Holdings (TSE:8630), Nikkei reported on Sunday. This round is considered to be a series A extension round while Japanese startup database Initial reports the company’s post-valuation has reached about 32 billion yen (about $300 million). According to a statement issued by Allm at 11am on Monday, participating investors are: SOMPO Holdings, Mitsui, Eisai (TSE:4523), Royal Philips (AMS:PHIA), NID (TSE:2349), Cyberdyne (TSE:7779), Financial Agency, Mixi (TSE:2121), Capital Medica, Vector (TSE:6058), SBI Investment, Bonds Investment Group, Mizuho Capital, Asia Africa Investment and Consulting Royal Philips participated in Allm’s previous series A round as well. Allm was founded in 2001 by Teppei Sakano as SkillUp Japan. After selling its video distribution platform business, the company entered the medical ICT business in 2015 and rebranded its name into the current state. Since then, the company has rolled out medical device programs in more than a few countries around the world. Their portfolio products include Join (communication app for medical professionals), Enroll (patient recruitment solution), JoinTriage (triage app for emergency transport), Team (comprehensive regional care system promotion solution),… Read More SHARE: See the original story in Japanese. Tokyo-based Paidy, the Japanese startup behind cardless online payments and “Buy Now, Pay Later” service, has raised US$120 million in a Series D round, according to Nikkei’s report on Tuesday. It says the amount is one of the largest ever raised by an unlisted startup in Japan. Participating investors include Wellington Management, two funds owned by prominent investor George Soros, and Tybourne Capital Management (Hong Kong). Goldman Sachs, Sumitomo Mitsui Bank, and other financial institutions has set up debt facilities of up to $182.4 million. Prior to this, the company secured $55 million in a Series C round in July 2018, followed by its extension round securing $83 million in November of 2019 and an undisclosed sum in April of 2020. The latest round brought the sum raised up to date to about $337 million while the total amount of debt facilities has reached $248 million. According to sources, their valuation is estimated about $1.32 billion, which means they have join the unicorn club. Paidy was founded in 2008 by Russell Cummer, whose previous work experience includes Merrill Lynch and Goldman Sachs. It started with a P2P finance or social lending service called Aqush… Read More SHARE: Tokyo-based VC firm Nextblue announced on Thursday that its first fund targeting to raise up to 3 billion yen ($27.5 million), which was initially set up in April, has reached its first close with completing securing about half of the final target. Disclosed limited partners include Japanese department store chain Marui Group (TSE: 8252), Japanese system integrator Q’sfix, and Japanese social gifting and e-voucher rewards platform Giftee (TSE:4449). The fund’s investment areas are Future of Work, Future of Health, and Future of Lifestyle. It intends to invest in seed stage startups in Japan as well as those in the pre-series A stage in Europe which have completed the product market fit phase and is ready for expanding into the Japanese market. The fund was founded by Yuichi Kori, Kanako Inoue, and Vincent Tan. Followed by launching his own startup Otsumu, Kori has been running his own VC called Reality Accelerator. Both Inoue and Tan have worked at Boston Consulting Group and Tokyo-based VC firm D4V. Nextblue’s goal is to support Japanese startups as well as European startups which usually face similar social issues to the Japanese society in their home turf. For helping these European startups expand into Japan, the… Read More SHARE: Tokyo-based Kiheitai, the parent company of the Airfunding cross-border donation-based crowdfunding platform, has partnered with the International Organization for Migration (IOM), a United Nations affiliate. Through the partnership, the company aims to support the development of entrepreneurs in Sierra Leone leveraging the crowdfunding platform. Kiheitai was founded back in September of 2010. Incubate Fund’s general partners and co-founders Keisuke Wada and Yusuke Murata were initially involved in founding the startup, and then Ryosuke Abe, the current CEO, joined them later. In addition to Airfunding, the company has also launched Airtripp, a social networking app that allows users to connect with people around the world by posting photos. Many of our readers may recall that a crowdfunding platform in the US called GoFundMe is often used to celebrate somebody’s life events and provide support for people in difficulties such as accidents and illnesses. It is still fresh in my mind that GoFundMe launched a funding campaign to support the family of a Japanese woman who was killed in a hit-and-run accident in SOMA, San Francisco on New Year’s eve. Airfunding can be easily understood as a cross-border version of GoFundMe. In an interview with Bridge, Abe explains how the platform is… Read More Image credit: Kiheitai Tokyo-based Kiheitai , the parent company of the Airfunding cross-border donation-based crowdfunding platform, has partnered with the International Organization for Migration (IOM) , a United Nations affiliate. Through the partnership, the company aims to support the development of entrepreneurs in Sierra Leone leveraging the crowdfunding platform. Kiheitai was founded back in September of 2010. Incubate Fund’s general partners and co-founders Keisuke Wada and Yusuke Murata were initially involved in founding the startup, and then Ryosuke Abe, the current CEO, joined them later. In addition to Airfunding, the company has also launched Airtripp , a social networking app that allows users to connect with people around the world by posting photos. Many of our readers may recall that a crowdfunding platform in the US called GoFundMe is often used to celebrate somebody’s life events and provide support for people in difficulties such as accidents and illnesses. It is still fresh in my mind that GoFundMe launched a funding campaign to support the family of a Japanese woman who was killed in a hit-and-run accident in SOMA, San Francisco on New Year’s eve. Airfunding can be easily understood as a cross-border version of GoFundMe. In an interview with Bridge, Abe explains how the platform is being used. Many projects are intended to donate to the people in ASEAN and Latin American countries. About 17,000 to 18,000 projects are created on the platform each month, many of which are funded by relatives, family members, classmates in their high school years, and acquaintances. There are many different types of support, such as medical assistance, disaster relief, and even support for soccer study abroad. There are non-governmentalorganizations (NGOs) providing support in the countries concerned, butthey often do not operate outside their country and the existence of theseorganizations and social problems are less known globally. It seems thatAirfunding intends to help smooth the flow of funds across countries andbring social issues to the world’s attention by putting them on theplatform. Although Airfunding’s direct target is individuals, more than a few NGOs and non-profit organizations (NPOs) are contacting the platform. For Airfunding, this is the first time to support an organization rather than an individual. Airfunding has so far supported more than 200,000 projects in over 200 countries by offering them about US$200 million in total. Kiheitai has secured equity funding from multiple VC firms including i-nest Capital. See also:

Nippon Venture Capital Investments

287 Investments

Nippon Venture Capital has made 287 investments. Their latest investment was in Arsaga Partners as part of their Series B on July 7, 2022.

CBI Logo

Nippon Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/21/2022

Series B

Arsaga Partners

$2.4M

No

2

6/29/2022

Series A

TECH DOCTOR

$3.66M

Yes

2

6/20/2022

Series C

ArchiTek

$8.73M

Yes

2

6/20/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

6/1/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/21/2022

6/29/2022

6/20/2022

6/20/2022

6/1/2022

Round

Series B

Series A

Series C

Series B

Series B

Company

Arsaga Partners

TECH DOCTOR

ArchiTek

Subscribe to see more

Subscribe to see more

Amount

$2.4M

$3.66M

$8.73M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

2

10

10

Nippon Venture Capital Portfolio Exits

35 Portfolio Exits

Nippon Venture Capital has 35 portfolio exits. Their latest portfolio exit was Marketing Applications on August 08, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/8/2022

Acq - Fin

$99M

1

6/24/2022

IPO

$99M

Public

2

6/8/2022

IPO

$99M

Public

4

12/22/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

7/28/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/8/2022

6/24/2022

6/8/2022

12/22/2021

7/28/2021

Exit

Acq - Fin

IPO

IPO

IPO

IPO

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

Subscribe to see more

Subscribe to see more

Sources

1

2

4

10

10

Nippon Venture Capital Fund History

12 Fund Histories

Nippon Venture Capital has 12 funds, including fabbit / NVCC Startup Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/1/2018

fabbit / NVCC Startup Fund

$2.81M

2

3/24/2017

NVCC VIII

Multi-Stage Venture Capital

Open

1

3/8/2016

Nagoya University & Tokai Region Venture Fund I

Early-Stage Venture Capital

Open

$14.61M

1

2/24/2015

Keihanna ATR Fund (けいはんな学研都市ATRベンチャーNVCC投資事業有限責任組合)

$99M

10

3/20/2014

NVCC VII

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

10/1/2018

3/24/2017

3/8/2016

2/24/2015

3/20/2014

Fund

fabbit / NVCC Startup Fund

NVCC VIII

Nagoya University & Tokai Region Venture Fund I

Keihanna ATR Fund (けいはんな学研都市ATRベンチャーNVCC投資事業有限責任組合)

NVCC VII

Fund Type

Multi-Stage Venture Capital

Early-Stage Venture Capital

Subscribe to see more

Status

Open

Open

Subscribe to see more

Amount

$2.81M

$14.61M

$99M

$99M

Sources

2

1

1

10

10

Nippon Venture Capital Team

1 Team Member

Nippon Venture Capital has 1 team member, including current President, Shuichi Okuhara.

Name

Work History

Title

Status

Shuichi Okuhara

President

Current

Name

Shuichi Okuhara

Work History

Title

President

Status

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.