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ANRI

Asia, Tokyo, Japan, Tokyo

Description

ANRI is a prominent Japanese venture capital firm based in Tokyo, renowned for its dedicated focus on seed and early-stage startups within the Japanese ecosystem. Founded by Anri Mu, the firm has established itself as a key player in nurturing nascent technology companies, particularly those leveraging deep tech, AI, SaaS, and innovative consumer internet solutions. ANRI distinguishes itself through a founder-first philosophy, aiming to provide not just capital but also extensive operational support and strategic guidance to its portfolio companies from their earliest stages.

The firm's investment strategy is characterized by a hands-on approach, often engaging deeply with founders to help navigate the challenges of scaling a startup in Japan. ANRI typically targets companies that demonstrate strong technological innovation and significant market potential. Their commitment to the Japanese startup scene is evident in their consistent fundraising efforts, with their ANRI 5th Fund successfully closing at JPY 10 billion, which translates to approximately $64.5 million USD. This substantial capital allows them to provide robust support to a diverse range of promising ventures.

ANRI's typical initial investment ranges from JPY 50 million to JPY 300 million, which corresponds to approximately $320,000 to $1.9 million USD. This flexibility allows them to back a wide spectrum of early-stage companies, from pre-seed to Series A. Over the years, ANRI has built a robust portfolio of over 100 companies, contributing significantly to the growth and maturation of Japan's startup landscape. Their long-term vision and commitment to fostering innovation have made them a preferred partner for many aspiring entrepreneurs in the region.

Investor Profile

ANRI has backed more than 68 startups, with 25 new investments in the last 12 months alone. The firm has led 15 rounds, about 22% of its total and boasts 17 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Japan, United States, Singapore.
  • Strong thematic focus on Software, Information Technology, Health Care.
  • Led 7 rounds in the past year.
  • Typical check size: $320K – $1.9M.

Stage Focus

  • Seed (43%)
  • Series A (35%)
  • Series Unknown (10%)
  • Series B (6%)
  • Series D (3%)
  • Series C (1%)
  • Pre Seed (1%)

Country Focus

  • Japan (94%)
  • United States (4%)
  • Singapore (1%)

Industry Focus

  • Software
  • Information Technology
  • Health Care
  • Task Management
  • Biotechnology
  • Therapeutics
  • Medical
  • Saas
  • E-commerce
  • Pharmaceutical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does ANRI frequently co-invest with?

Spiral Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 5
SMBC Venture Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 7
East Ventures
Asia, Tokyo, Japan, Tokyo
Co-Investments: 5
W ventures
Europe, Berlin, Germany, Berlin
Co-Investments: 6
Co-Investments: 4
Global Brain Corporation
Asia, Tokyo, Japan, Tokyo
Co-Investments: 12
Mizuho Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 6
Globis Capital Partners
Asia, Tokyo, Japan, Tokyo
Co-Investments: 7
Mitsubishi UFJ Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 14
DNX Ventures
North America, California, United States, San Mateo
Co-Investments: 14

Which angels does ANRI often collaborate with?

Yusuke Sato
Asia, Japan
Shared Deals: 3
Nobuhiro Ariyasu
Asia, Tokyo, Japan, Tokyo
Shared Deals: 2
NA
North America, California, United States, San Francisco
Shared Deals: 3
Shunsuke Oyu
Asia, Tokyo, Japan, Tokyo
Shared Deals: 3
Kensuke Furukawa
Asia, Tokyo, Japan, Tokyo
Shared Deals: 3
KG
North America, California, United States, San Francisco
Shared Deals: 1
Kotaro Chiba
Asia, Tokyo, Japan, Tokyo
Shared Deals: 2
Takanori Katagiri
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1
Ayataro Nakagawa
Asia, Japan
Shared Deals: 3
Yoshinori Fukushima
Asia, Tokyo, Japan, Tokyo
Shared Deals: 2

What are some of recent deals done by ANRI?

Linea Innovations

Roppongi, Tokyo, Japan

Linea Innovations is an energy production company that develops commercial fusion reactors with advanced fuel technology.

EnergyEnergy ManagementFuel
Series AJun 2, 2025
Amount Raised: $12,207,514
Tailor

Tokyo, Tokyo, Japan

Tailor is a no-code headless ERP platform helping retail businesses unify tools, marketplaces, and teams on one system.

ConsultingInformation TechnologySoftware
Series AMay 20, 2025
Amount Raised: $14,000,000
AiCAN

Kawasaki, Kanagawa, Japan

AiCAN provides system planning and development, data analysis, IT, and consulting services related to child welfare.

AnalyticsChildrenInformation TechnologySocial Impact
Series UnknownApr 30, 2025
Amount Raised: $1,259,857
Asusola

Tokyo, Tokyo, Japan

Asusola is a renewable energy developer that specializes in the installation and operation of wind and solar energy projects.

Clean EnergyEnergy ManagementRenewable EnergySolarWind Energy
Series AApr 16, 2025
Amount Raised: $4,410,136
iiba

Tokyo, Tokyo, Japan

iiba is a geospatial platform that specializes in providing location based information related to child-rearing.

AppsGeospatialLocation Based Services
SeedApr 3, 2025
Amount Raised: $1,017,286
Bloomo Securities

Tokyo, Tokyo, Japan

Bloomo Securities is a software company that specializes in the development of smart and fun investment apps.

AppsFinancial ServicesInformation TechnologySoftware
Series AMar 20, 2025
Amount Raised: $13,456,822
AirX

Tokyo, Tokyo, Japan

AirX is a technology company that focuses on developing a digital platform travel arrangement for urban air transportation.

Air TransportationBusiness TravelReservationsTravel
Series BMar 5, 2025
Amount Raised: $8,348,953
Ryulog

Tokyo, Tokyo, Japan

Ryulog is a recruiting company that helps job seekers find international work opportunities and migrate abroad.

Human ResourcesRecruitingStaffing Agency
SeedFeb 14, 2025
Amount Raised: $229,773
Stack

Tokyo, Tokyo, Japan

Stack is the developer and provider of the SaaS-based retail mission-critical system.

ConsultingSaaSSoftware
Series AFeb 7, 2025
Pleap

Tokyo, Tokyo, Japan

Pleap is a medical engineering company that develops AI and IoT-based technology solutions for medical institutions.

Artificial Intelligence (AI)Internet of ThingsMedicalSoftware
SeedJan 28, 2025
Amount Raised: $962,063