Asahi Kasei logo

Asahi Kasei

Asia, Tokyo, Japan, Tokyo

Description

Asahi Kasei, a global diversified chemical company headquartered in Tokyo, Japan, actively engages in venture capital through its dedicated Corporate Venture Capital (CVC) arm, Asahi Kasei Corporate Ventures (AKCV). Established in 2017, AKCV was founded with a strategic intent to foster open innovation and identify disruptive technologies and business models that align with Asahi Kasei's core competencies and future growth areas. The CVC arm seeks to create new businesses and enhance existing ones by collaborating with innovative startups globally.

AKCV initially launched with a fund commitment of 5 billion Japanese Yen, equivalent to approximately $45 million USD at the time. Demonstrating its continued commitment to external innovation, Asahi Kasei announced a second fund, Asahi Kasei Corporate Ventures 2 (AKCV2), in 2021, significantly increasing its investment capacity with a commitment of 10 billion Japanese Yen, or roughly $90 million USD. These funds are strategically deployed across three primary sectors: healthcare, materials, and housing. Within these areas, AKCV focuses on emerging technologies such as advanced materials, sustainable solutions, digital health, and smart home technologies.

Asahi Kasei Corporate Ventures invests in startups ranging from seed to growth stages, typically participating in rounds that allow for meaningful strategic collaboration and potential integration with Asahi Kasei's vast resources and market reach. The CVC's investment philosophy emphasizes long-term partnerships, aiming to provide not just capital but also technical expertise, market access, and operational support to its portfolio companies. This approach underscores Asahi Kasei's commitment to driving innovation and addressing global challenges through strategic investments in cutting-edge technologies.

Investor Profile

Asahi Kasei has backed more than 33 startups, with 4 new investments in the last 12 months alone. The firm has led 6 rounds, about 18% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Israel.
  • Strong thematic focus on Biotechnology, Health Care, Therapeutics.
  • Typical check size: $750K – $8M.

Stage Focus

  • Series B (30%)
  • Series C (27%)
  • Series A (15%)
  • Series Unknown (9%)
  • Seed (9%)
  • Series F (3%)
  • Debt Financing (3%)
  • Series H (3%)

Country Focus

  • United States (67%)
  • Canada (12%)
  • Israel (6%)
  • France (6%)
  • United Kingdom (3%)
  • The Netherlands (3%)
  • Japan (3%)

Industry Focus

  • Biotechnology
  • Health Care
  • Therapeutics
  • Medical
  • Manufacturing
  • Electronics
  • Renewable Energy
  • Battery
  • Sustainability
  • Pharmaceutical
circle-line
FAQ

Frequently Asked Questions

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

Who does Asahi Kasei frequently co-invest with?

Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 2
Shangbay Capital
North America, California, United States, Palo Alto
Co-Investments: 2
Finindus
Europe, Oost-Vlaanderen, Belgium, Zelzate
Co-Investments: 2
Angelini Ventures
Europe, Lazio, Italy, Rome
Co-Investments: 2
CV
North America, Massachusetts, United States, Boston
Co-Investments: 2
Gerdau Next Ventures
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 2
Brown Angel Group
North America, New York, United States, New York
Co-Investments: 2
Mission Bay Capital
North America, California, United States, San Francisco
Co-Investments: 2
Vivo Capital
North America, California, United States, Palo Alto
Co-Investments: 2
Light Ray Ventures
North America, New York, United States, New York
Co-Investments: 2

Which angels does Asahi Kasei often collaborate with?

TD
North America, California, United States, San Francisco
Shared Deals: 1
BM
Europe, Ile-de-France, France, Paris
Shared Deals: 1
YT
North America, New York, United States, New York
Shared Deals: 1
MB
Europe, Bayern, Germany, München
Shared Deals: 1
Shai Agassi
Asia, Tel Aviv, Israel, Tel Aviv
Shared Deals: 1
RU
North America, New York, United States, New York
Shared Deals: 1
Mickey Boodaei
Asia, Israel
Shared Deals: 1

What are some of recent deals done by Asahi Kasei?

Mangrove Lithium

Vancouver, British Columbia, Canada

Develops a platform for the most cost-effective production of battery grade lithium hydroxide from diverse input streams and assets.

BatteryElectric VehicleRenewable Energy
Series UnknownJan 28, 2025
Amount Raised: $35,000,000
Rege Nephro

Kyoto, Kyoto, Japan

Rege Nephro is a biotech company that specializes in R&D, production, and marketing of renal disease therapeutics.

BiotechnologyManufacturingMedicalRental
Series BOct 7, 2024
Amount Raised: $15,189,217
24M Technologies

Cambridge, Massachusetts, United States

24M Technologies develops energy storage systems for grid and transportation applications.

BatteryEnergy StorageManufacturing
Series HSep 5, 2024
Amount Raised: $87,000,000
Power to Hydrogen

Columbus, Ohio, United States

Power to Hydrogen develops advanced AEM electrolyzers that integrate with renewables while eliminating precious, expensive metals.

Clean EnergyCleanTechEnergy StorageOil and Gas
Series AAug 19, 2024
Amount Raised: $18,000,000
Avation Medical

Columbus, Ohio, United States

Avation Medical is pioneering new platforms for wearable nerve stimulation systems.

Health CareMedicalMedical DeviceMobile DevicesNeuroscienceWearables
Series CFeb 1, 2024
Amount Raised: $22,000,000
Noctrix Health

San Francisco, California, United States

Noctrix Health is an early-stage medical device company that focuses on developing a revolutionary therapy for a chronic illness.

Health CareMedical DeviceTherapeutics
Series CJan 16, 2024
Amount Raised: $40,000,000
Ionomr

Vancouver, British Columbia, Canada

Ionomr makes Aemion™ & Pemion™, next-gen ion-exchange materials for breakthrough clean technology applications involving electrochemistry.

Advanced MaterialsBatteryChemicalClean EnergyElectronicsFuel CellInformation TechnologyRenewable EnergyWaterWater Purification
Series ADec 5, 2023
Amount Raised: $20,000,000
AM Batteries

Chelmsford, Massachusetts, United States

AM Batteries manufactures Li-ion batteries using solvent-free electrode manufacturing technology.

ElectronicsManufacturingRenewable Energy
Series BNov 9, 2023
Amount Raised: $30,000,000
Ossium Health

San Francisco, California, United States

Ossium Health builds a bone marrow bank to treat blood cancers.

BiotechnologyHealth CareLife Science
Series CJul 25, 2023
Amount Raised: $52,000,000
Natural Fiber Welding

Peoria, Illinois, United States

Natural Fiber Welding develops a circularity platform producing sustainable materials from plants.

CleanTechManufacturingSustainabilityTextiles
Debt FinancingJul 5, 2023
Amount Raised: $24,750,562