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Mistletoe

Asia, Tokyo, Japan, Tokyo

Description

Mistletoe, founded by visionary entrepreneur Taizo Son, brother of SoftBank's Masayoshi Son, distinguishes itself as a "collective impact community" rather than a conventional venture capital firm. Based in Tokyo, Japan, Mistletoe operates with a profound mission to address global challenges and foster a sustainable future through innovation. Its unique approach combines investment with hands-on support, mentorship, and the cultivation of a collaborative ecosystem, reflecting Son's philosophy of nurturing groundbreaking ideas that can create significant societal value. This model sets it apart from typical financial investors, emphasizing long-term impact over short-term returns.

The firm's investment thesis is exceptionally broad, spanning a diverse array of sectors critical for future development. Mistletoe actively seeks out "moonshot" projects in areas such as artificial intelligence, robotics, biotechnology, healthcare, sustainable energy, space technology, and smart cities. Its global footprint means it invests in startups not only within Japan but across the world, demonstrating a commitment to universal solutions. Mistletoe often co-invests with other leading venture capital firms and strategic partners, leveraging collective expertise and resources to amplify the potential of its portfolio companies.

Mistletoe's engagement extends beyond capital provision; it is deeply involved in nurturing the entrepreneurial journey. They provide learning opportunities and access to a network of experts, fostering an environment where startups can thrive. Their investment strategy is flexible, accommodating various stages from early seed rounds to more mature growth-stage companies. While their check sizes can vary significantly depending on the stage and needs of the venture, typical first investments often range from approximately $500,000 for early-stage ventures to around $5,000,000 for more developed opportunities. Taizo Son's impressive track record, including the successful acquisition of GungHo Online Entertainment for over $1.5 billion, underpins Mistletoe's strategic vision and capacity to support ambitious projects. Mistletoe has built a substantial portfolio, having invested in over 100 companies globally, showcasing its widespread influence and commitment to diverse innovations.

Investor Profile

Mistletoe has backed more than 40 startups, with 1 new investments in the last 12 months alone. The firm has led 8 rounds, about 20% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Japan, India.
  • Strong thematic focus on Software, E-Commerce, Recycling.
  • Typical check size: $500K – $5M.

Stage Focus

  • Series A (30%)
  • Seed (30%)
  • Series Unknown (13%)
  • Series B (10%)
  • Series C (8%)
  • Pre Seed (5%)
  • Series D (3%)
  • Equity Crowdfunding (3%)

Country Focus

  • United States (40%)
  • Japan (18%)
  • India (18%)
  • Estonia (8%)
  • United Kingdom (5%)
  • Latvia (5%)
  • Australia (3%)
  • Hong Kong (3%)
  • Germany (3%)

Industry Focus

  • Software
  • E-commerce
  • Recycling
  • Agtech
  • Sales
  • Waste Management
  • Information Technology
  • B2b
  • Marketing
  • Supply Chain Management
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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 Mistletoe frequently co-invest with?

Qualcomm Ventures
North America, California, United States, San Diego
Co-Investments: 4
Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 3
Valo Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
SOSV
North America, New Jersey, United States, Princeton
Co-Investments: 3
Draper Associates
North America, California, United States, San Mateo
Co-Investments: 3
NT
Asia, Karnataka, India, Bangalore
Co-Investments: 4
KSK Angel Fund
North America, California, United States, San Diego
Co-Investments: 3
B Dash Ventures
Asia, Tokyo, Japan, Tokyo
Co-Investments: 2
Digital Garage
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Accel
North America, California, United States, Palo Alto
Co-Investments: 4

Which angels does Mistletoe often collaborate with?

Hideto Fujino
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1
RS
Europe, Estonia
Shared Deals: 3
TF
Europe, Ile-de-France, France, Paris
Shared Deals: 2
MK
North America, California, United States, San Francisco
Shared Deals: 2
KH
North America, California, United States, San Francisco
Shared Deals: 2
JM
North America, California, United States, San Francisco
Shared Deals: 2
Mickey Mikitani
Asia, Tokyo, Japan, Tokyo
Shared Deals: 2
JH
North America, California, United States, San Francisco
Shared Deals: 2
KS
North America, California, United States, San Francisco
Shared Deals: 2
MA
North America, United States
Shared Deals: 2

What are some of recent deals done by Mistletoe?

Aquaria

San Francisco, California, United States

Aquaria provides solutions for securing access to clean water and adapts to changes to support communities and their needs.

InfrastructureWaterWater Purification
Series UnknownNov 20, 2024
Amount Raised: $12,000,000
Funderbeam

London, England, United Kingdom

Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes.

Big DataBusiness IntelligenceCrowdfundingFinancial ServicesTrading Platform
Series UnknownMay 4, 2023
Amount Raised: $40,000,000
ULUU

Perth, Western Australia, Australia

ULUU is an ocean material that replaces plastic and actively benefits the world.

Recycling
SeedNov 15, 2022
Amount Raised: $5,415,479
Novoloop

Menlo Park, California, United States

The Lifecycling™ Company

CleanTechPlastics and Rubber ManufacturingRecyclingSustainabilityWaste Management
Series AApr 8, 2022
Amount Raised: $10,000,000
Alora

San Francisco, California, United States

Alora is an ocean agriculture company. We grow rice in the oceans.

AgricultureBiotechnologyFarmingFood Processing
SeedApr 7, 2022
Amount Raised: $1,400,000
BeTRITON

Valmiera, Valmieras, Latvia

Formerly known as Z-Triton. Amphibious Camper-Trike - 100% electric RV for immersive nature adventures

Recreational Vehicles
Pre SeedApr 1, 2022
Amount Raised: $110,485
Ninjacart

Bengaluru, Karnataka, India

Ninjacart is a business-to-business fresh produce supply chain that connects farmers, manufactures, and brands to retailers directly.

AgTechB2BE-CommerceMarketingSalesSupply Chain Management
Series DDec 12, 2021
Amount Raised: $145,000,000
Novoloop

Menlo Park, California, United States

The Lifecycling™ Company

CleanTechPlastics and Rubber ManufacturingRecyclingSustainabilityWaste Management
Series ANov 19, 2021
Amount Raised: $11,400,000
The bina School

Berlin, Berlin, Germany

bina is a digital primary school ecosystem made to provide customised learning at scale.

EdTechEducation
SeedAug 3, 2021
Amount Raised: $1,400,000
LABOT

Tokyo, Tokyo, Japan

LABOT is a Japanese company that combines the power of finance and technology to create future education possibilities.

Information Technology
SeedMay 19, 2021
Amount Raised: $2,837,165