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JIC Venture Growth Investments

Asia, Tokyo, Japan, Marunouchi

Description

JIC Venture Growth Investments (JIC VGI) is a prominent Japanese venture capital firm operating as a subsidiary of the Japan Investment Corporation (JIC), a sovereign wealth fund established by the Japanese government. Headquartered in Marunouchi, Tokyo, JIC VGI's core mission is to foster innovation and enhance Japan's international competitiveness by making strategic growth investments in promising startup companies. The firm plays a crucial role in channeling significant capital into the nation's burgeoning technology and innovation sectors.

The firm primarily targets growth-stage companies, typically engaging in Series B, C, and D funding rounds, rather than early-stage seed investments. JIC VGI's investment thesis centers on sectors critical for future economic growth and societal impact, including deep technology, life sciences, digital transformation, and sustainability initiatives. They often participate in large funding rounds, frequently co-investing alongside other venture capital firms, corporate venture arms, and strategic partners to provide substantial capital and support for portfolio companies' expansion. Their investment approach emphasizes long-term growth and global market penetration for their portfolio companies.

JIC VGI manages substantial capital, exemplified by funds such as the JIC VGI No. 1 Investment Limited Partnership, which has a total commitment of 100 billion Japanese Yen (approximately $670 million USD, depending on exchange rates). While specific check sizes can vary based on the company's stage and capital needs, JIC VGI typically deploys significant capital per investment, often ranging from approximately $10 million to $50 million USD. This substantial funding capacity allows them to support ambitious growth plans and contribute to the scaling of innovative Japanese enterprises both domestically and internationally. Their strategic backing is vital for companies seeking to accelerate their development and achieve global leadership in their respective fields.

Investor Profile

JIC Venture Growth Investments has backed more than 38 startups, with 26 new investments in the last 12 months alone. The firm has led 15 rounds, about 39% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Japan, United States, Singapore.
  • Strong thematic focus on Software, Health Care, Information Technology.
  • Led 11 rounds in the past year.
  • Typical check size: $10M – $50M.

Stage Focus

  • Series B (39%)
  • Series A (13%)
  • Series Unknown (13%)
  • Series D (8%)
  • Series C (8%)
  • Seed (8%)
  • Series E (5%)
  • Series F (3%)
  • Secondary Market (3%)

Country Focus

  • Japan (87%)
  • United States (8%)
  • Singapore (5%)

Industry Focus

  • Software
  • Health Care
  • Information Technology
  • Medical
  • E-commerce
  • Manufacturing
  • Food And Beverage
  • Pharmaceutical
  • Biotechnology
  • Artificial Intelligence (Ai)
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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 JIC Venture Growth Investments frequently co-invest with?

Incubate Fund
Asia, Tokyo, Japan, Tokyo
Co-Investments: 4
Global Brain Corporation
Asia, Tokyo, Japan, Tokyo
Co-Investments: 6
Mizuho Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 6
Globis Capital Partners
Asia, Tokyo, Japan, Tokyo
Co-Investments: 4
JAFCO
Asia, Tokyo, Japan, Tokyo
Co-Investments: 4
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Aozora Corporate Investment
Asia, Tokyo, Japan, Tokyo
Co-Investments: 5
Mitsubishi UFJ Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 9
DBJ Capital
Asia, Tokyo, Japan, Otemachi
Co-Investments: 5
DNX Ventures
North America, California, United States, San Mateo
Co-Investments: 4

What are some of recent deals done by JIC Venture Growth Investments?

TeraWatt Technology

California City, California, United States

TeraWatt Technology is a manufacturing company that produces lithium-ion batteries.

BatteryElectronicsEnergy StorageRenewable Energy
Series CJul 14, 2025
Diggle

Tokyo, Tokyo, Japan

Diggle is a forecast management and cloud-based platform that includes features such as a business template interface and data export.

AccountingFinanceManagement ConsultingSaaS
Series BJun 23, 2025
Amount Raised: $11,977,400
KAKEHASHI

Tokyo, Tokyo, Japan

KAKEHASHI is a technology company that specializes in the development and provision of medical-related services.

Health CareInternetMedical
Series DJun 10, 2025
Amount Raised: $96,834,816
Hacobu

Minato, Chiba, Japan

Hacobu offers an integrated solution MOVO centering on the operation management system utilizing in-vehicle terminals.

Big DataInternet of ThingsLogisticsReservationsSoftwareTask ManagementTransportation
Series UnknownMay 29, 2025
Amount Raised: $4,829,176
Manabie

Singapore, Central Region, Singapore

Manabie is an education technology start-up company on a mission to provide a new style of online and offline merged learning.

E-LearningEducationSoftware
Series BApr 30, 2025
Amount Raised: $23,000,000
10x

Tokyo, Tokyo, Japan

10X is a IT company that develops digital platform for chain stores such as supermarkets and drugstores to develop their business.

AppsBusiness DevelopmentContent
Series UnknownApr 28, 2025
Amount Raised: $14,773,612
Linqmed

Chiba, Chiba, Japan

Linqmed is a pharmaceutical company specializing in the research and development of radiopharmaceuticals for cancer treatment.

Health CareHealth DiagnosticsMedicalOncologyPharmaceutical
Series BApr 9, 2025
Amount Raised: $15,932,011
Boston Medical Sciences

Tokyo, Tokyo, Japan

Boston Medical Sciences conducts research, prevention, and diagnostics procedures to eliminate colorectal cancer deaths.

Artificial Intelligence (AI)Big DataHealth CareMedical
Series AFeb 12, 2025
Amount Raised: $6,053,210
Gaudi Clinical

Hongo, Tokyo, Japan

Gaudi Clinical is a health care firm that engages in regenerative medicine outsourcing and cell processing contract establishments.

Health CareOutsourcingTest and Measurement
Series AFeb 7, 2025
Amount Raised: $8,918,073
MOSH Japan

Tokyo, Tokyo, Japan

MOSH is an internet company that provides web page creation services for individual business owners.

E-CommerceE-Commerce PlatformsInternetMarketplaceMobile Apps
Series CFeb 5, 2025
Amount Raised: $14,739,625