Predict your next investment

University of Tokyo Edge Capital company logo
Venture Capital
FINANCE | Investment Firms & Funds
ut-ec.co.jp

See what CB Insights has to offer

Investments

149

Portfolio Exits

14

Funds

11

Partners & Customers

1

About University of Tokyo Edge Capital

University of Tokyo Edge Capital (UTEC) is an early-stage technology-focused venture capital firm associated with The University of Tokyo, investing in seed/early-stage start-ups based on technologies and talents out of the University. Having proprietary access to the University's inventions, UTEC works closely with its researchers as scientific founders to co-found companies which will contribute to society through business based upon innovations.

University of Tokyo Edge Capital Headquarters Location

7-3-1 DUCR Plaza 4F Hongo, Bunkyo

Tokyo, 113-0033,

Japan

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.

University of Tokyo Edge Capital Web Traffic

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

University of Tokyo Edge Capital Rank

Latest University of Tokyo Edge Capital News

Japan’s free insurance startup Warrantee to commence trading on NASDAQ

Jul 7, 2022

Image credit: Warrantee We reported earlier this year that Osaka-headquartered Warrantee , the Japanese startup offering free insurance services in the US and Singapore, has publicly filed with the US Securities and Exchange Commission (SEC) for its initial public offering (IPO) on NASDAQ. We recently learned the application has been approved by SEC. According to the regulator’s database EDGAR , the company has received SEC’s Notice of Effectiveness dated June 30. The company’s stock will be traded under its ticker code WRNT while it’s uncertain when the trading begins. Based on past cases, the trading will start within half to one month after the approval. We confirmed that Bloomberg has already set up a page showing Warrantee’s quotes . Meanwhile, Warrantee has posted a document titled Public Notice of Board of Directors’ Resolution on Issuance of Shares for Subscription on their website, which details the subscription and payment for the underlying shares and the shares subject of the Over-Allotment Option. Founded back in October of 2013 by CEO Yusuke Shono, Warrantee started its business with helping consumers turn product warranties into digital followed by foraying into the on-demand insurance market in 2017 in collaboration with insurance companies. Subsequently the company started offering free or low-cost on-demand insurance services in the US and Singapore where state-run affordable and universal health insurance systems are less common unlike Japan. We have contacted Warrantee for further details but haven’t yet received any response as of this writing. This is a developing story and may be updated in the future. Related news SHARE: This guest post is authored by Tomohiko Hayashi. He is Pricncipal Director at Accenture Song / Accenture Ventures. He leads business development and innovation from a customer experience perspective. He has won and judged many awards at industry events including SXSW and Cannes Lions. You all know about a16z media, right? Then, have you heard of Lenny’s Newsletter? In my opinion, it is a newsletter and global Slack community that gathers the best startup information available today. More than 150,000 people, mainly startup PMs, managers, engineers, designers, etc., are registered. Lenny Rachitsky, former product manager of Airbnb, who operates these programs. The off-line meetups of this community are being held in various countries around the world by community participants. In June 2022 alone, there are 24 locations worldwide. I’d like to make it happen in Tokyo too! So I raised my hand to be the host. The first meeting will be held at Accenture Innovation Hub in Azabujuban on Tuesday, July 12, from 7PM. Would be great if we can get the Tokyo global crowd together! The content of the event is to be a place for international startups and globally minded startups to meet and exchange ideas. Please apply… Read More SHARE: Tokyo-based Gitai, the Japanese telexistance robotics startup for the space industry, announced last week that it has opened an office in Los Angeles for R&D, manufacturing, and business development. The company will begin recruiting project managers as well as various types of engineers in earnest. They had been conducting all business activities in Tokyo until  now. As collaboration with US agencies and private companies like Nanoracks and NASA has increased, including the successful onboard demonstration of their robot to the International Space Station last year, the company has decided to facilitate US operations. Prior to launching Gitai in 2016 (under its previous name of MacroSpace), the company’s founder Sho Nakanose previously worked for IBM Japan followed by founding an IT services company in India and sold it to an Indian company. Some of our readers may recall that Yuto Nakanishi, a humanoid scientist/engineer and former CEO of Schaft (acquied by Google X), joined Gitai as COO (now CRO, Chief Robot Officer). Gitai secured $4.1 million US in a Series A round in July of 2019 followed by 1.8 billion yen (about $17 million US in the exchange rate at the time) in a Series B round in March of 2021. Read More SHARE: See the original story in Japanese. Tokyo-based fashion item rental startup AirCloset announced on Friday that its IPO application to list on the Tokyo Stock Exchange had been approved. The company will be listed on the TSE Growth Market on July 29 with plans to offer 733,000 shares for public subscription and to sell 130,000 shares in over-allotment options for a total of 136,700 shares. The underwriting will be led by Mizuho Securities while AirCloset’s ticker code will be 9557. Its share price range will be released on July 11 with bookbuilding scheduled to start on July 12 and pricing on July 19. The final public offering price will be determined on July 20. Based on the company’s estimated issue price is 870 yen (about $6.5) per share, its market cap is approximately 6.4 billion yen (about $47.5 million). According to its consolidated statement as of June of 2021, the company posted revenue of 2.89 billion yen ($21.4 million) with an ordinary profit of 29.35 million yen ($217,000). Since its launch back in July of 2014, AirCloset has been offering a variety of fashion item rental services. Starting with a monthly subscription-based service delivering outfits coordinated by professional stylists, the… Read More SHARE: Tokyo-based LegalForce announced on Thursday that it has secured approximately 13.7 billion yen (over $101.6 million US) in a Series D round. The round is led by by SoftBank Vision Fund 2 with participation from Sequoia China, Goldman Sachs, WiL (World Innovaion Lab, Mizuho Capital, Mitsubishi UFJ Capital, and others. WiL, Mizuho Capital, Mitsubishi UFJ Capital followed their previous investment. The latest round brought the startup’s funding sumup to approximately 17.9 billion yen (over $132.8 million US). LegalForce has been offering two SaaS tools: LegalForce and LegalForce Cabinet. LegalForce uses natural language processing and other technologies to offer functions such as reviewing contracts according the type of agreement, detecting clauses that may be omitted or risky in addition to prevent omissions and oversights. Sine its launch back in April of 2019, the service has been serving more than 2,000 companies and law firms. Regarding LegalForce Cabinet, when you upload contracts/documents into it, its artificial intelligence will automatically read titles, names of contracting parties, and contract expiration date to create a ledger of them. As of June, the service is used by over 450 companies. Read More SHARE: Tokyo-based Wassha, building a retail platform by networking local kiosks in rural Africa, announced on Friday that it has raised $1.14 billion yen (about $8.2 million US) in a series C round. Dai-ichi Life Insurance, Daikin Industries (TSE: 6367), Mistletoe Japan, Yamaha Motor (TSE: 7272), and the University of Tokyo Edge Capital Partners (UTEC) participated in this round. UTEC also participated in Wassha’s series A and series B rounds while Daikin Industries, Mistletoe Japan, and Yamaha Motor follow on their investments from the startup’s series B round. The latest round brought their funding sum up to date to approximately 3.5 billion yen (about $26 million yen). Wassha was founded in November of 2013 under its previous name of Digital Grid. The company first started its business with a prepaid solar power delivery service to off-grid areas. In this service, solar panels and rechargeable batteries are installed at affiliated kiosks in rural villages without electricity, and LED lanterns, radios, tablets and other household appliances are provided for rent free of charge. The kiosk rents these appliances to village residents who visit the kiosk and pay fees by mobile to return an empty battery and receive get a charged one on a… Read More Image credit: Wassha Tokyo-based Wassha , building a retail platform by networking local kiosks in rural Africa, announced on Friday that it has raised $1.14 billion yen (about $8.2 million US) in a series C round. Dai-ichi Life Insurance, Daikin Industries (TSE: 6367), Mistletoe Japan, Yamaha Motor (TSE: 7272), and the University of Tokyo Edge Capital Partners (UTEC) participated in this round. UTEC also participated in Wassha’s series A and series B rounds while Daikin Industries, Mistletoe Japan, and Yamaha Motor follow on their investments from the startup’s series B round. The latest round brought their funding sum up to date to approximately 3.5 billion yen (about $26 million yen). Wassha was founded in November of 2013under its previous name of Digital Grid. The company first started itsbusiness with a prepaid solar power delivery service to off-grid areas.In this service, solar panels and rechargeable batteries are installedat affiliated kiosks in rural villages without electricity, and LEDlanterns, radios, tablets and other household appliances are provided for rent free of charge. The kiosk rents these appliances to village residents who visit the kiosk and pay fees by mobile to return an empty battery and receive get a charged one on a daily basis.recharge theirbatteries and pay fee the residents by mobile payments. Our readers may recall that three investors in the latest round – Daikin Industries, Mistletoe Japan, and Yamaha Motor – announced that each of them would collaboratively work with Wassha when they previously announced their participation in the series B round. With Daikin Industries, Wassha has jointly developed a subscription-based air conditioner rental business in developing countries through Baridi Baridi , a joint venture of the two companies; With Yamaha Motor, Wassha will jointly study a logistics business (a distribution network using motorcycles to connect kiosks); and with Mistletoe Japan, Wassha considers to leverage the kiosk network for the investor’s portoflio startups. Dai-ichi Life says this is a part of their impact investment activities. First started its service in Tanzania, the companyalso has now its presence in Uganda and Mozambique, and plans to expandinto the Democratic Republic of the Congo within the year. They have sofar partnered with more than 5,100 local kiosks. LED lanterns, their flagship product, has been rented 100,000 times per day. Going forward, theyplan to leverage their network of the kiosks to provide both social andbusiness services in finance, logistics, and other various areas.

University of Tokyo Edge Capital Investments

149 Investments

University of Tokyo Edge Capital has made 149 investments. Their latest investment was in Algal Bio as part of their Series B on July 7, 2022.

CBI Logo

University of Tokyo Edge Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2022

Series B

Algal Bio

$4.32M

No

2

7/5/2022

Series A

Oxford Quantum Circuits

$45.79M

Yes

1

6/10/2022

Series C

Wassha

$8.2M

No

2

6/8/2022

Series B

Subscribe to see more

Subscribe to see more

10

5/10/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/26/2022

7/5/2022

6/10/2022

6/8/2022

5/10/2022

Round

Series B

Series A

Series C

Series B

Seed VC

Company

Algal Bio

Oxford Quantum Circuits

Wassha

Subscribe to see more

Subscribe to see more

Amount

$4.32M

$45.79M

$8.2M

$99M

New?

No

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

2

10

10

University of Tokyo Edge Capital Portfolio Exits

14 Portfolio Exits

University of Tokyo Edge Capital has 14 portfolio exits. Their latest portfolio exit was Microwave Chemical on June 24, 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

6/24/2022

IPO

$99M

Public

2

5/31/2022

Corporate Majority

$99M

1

11/2/2021

Acquired

$99M

24

2/24/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

1/5/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/24/2022

5/31/2022

11/2/2021

2/24/2021

1/5/2021

Exit

IPO

Corporate Majority

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

2

1

24

10

10

University of Tokyo Edge Capital Fund History

11 Fund Histories

University of Tokyo Edge Capital has 11 funds, including UTEC 5.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/18/2021

UTEC 5

4

1/24/2018

Tokyo Edge Capital Fund I

Early-Stage Venture Capital

Open

$143M

1

1/1/2018

UTEC 4

$22M

1

10/15/2013

UTEC3

Subscribe to see more

Subscribe to see more

$99M

10

1/1/2013

UTEC 3

$99M

10

Closing Date

5/18/2021

1/24/2018

1/1/2018

10/15/2013

1/1/2013

Fund

UTEC 5

Tokyo Edge Capital Fund I

UTEC 4

UTEC3

UTEC 3

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Status

Open

Subscribe to see more

Amount

$143M

$22M

$99M

$99M

Sources

4

1

1

10

10

University of Tokyo Edge Capital Partners & Customers

1 Partners and customers

University of Tokyo Edge Capital has 1 strategic partners and customers. University of Tokyo Edge Capital recently partnered with Blume Ventures on March 3, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

3/6/2019

Partner

India

Japanese deep science fund UTEC partners with Blume Ventures to take Indian tech startups global

`` BUDHA is truly a cross-border , collaborative , and strategic partnership between University of Tokyo Edge Capital and Blume Ventures .

1

Date

3/6/2019

Type

Partner

Business Partner

Country

India

News Snippet

Japanese deep science fund UTEC partners with Blume Ventures to take Indian tech startups global

`` BUDHA is truly a cross-border , collaborative , and strategic partnership between University of Tokyo Edge Capital and Blume Ventures .

Sources

1

University of Tokyo Edge Capital Team

3 Team Members

University of Tokyo Edge Capital has 3 team members, including current Managing Partner, Tomotaka Goji.

Name

Work History

Title

Status

Tomotaka Goji

Managing Partner

Current

Hide Tsuji

General Partner

Current

Ted Yamamoto

General Partner

Current

Name

Tomotaka Goji

Hide Tsuji

Ted Yamamoto

Work History

Title

Managing Partner

General Partner

General Partner

Status

Current

Current

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.