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Mitsubishi UFJ Financial Group

Asia, Tokyo, Japan, Tokyo

Description

Mitsubishi UFJ Financial Group (MUFG), a leading global financial institution headquartered in Tokyo, actively participates in the venture capital ecosystem primarily through its dedicated corporate venture capital arm, MUFG Innovation Partners (MUIP). Established in 2019, MUIP serves as a strategic vehicle to accelerate MUFG's digital transformation and foster open innovation by investing in promising startups worldwide. The firm's investment thesis centers on technologies and business models that can enhance MUFG's core financial services, improve operational efficiency, or create new revenue streams. Key areas of interest include FinTech, artificial intelligence, blockchain, cybersecurity, RegTech, and other emerging technologies relevant to the financial sector.

MUIP typically engages in Series A to Series C funding rounds, seeking both strategic synergies and financial returns from its portfolio companies. The firm launched its inaugural fund with a commitment of JPY 10 billion (approximately $65 million USD at the time) and followed up with the MUFG Innovation Partners No. 2 Investment Limited Partnership, which successfully closed at JPY 20 billion (approximately $130 million USD) in late 2023. This significant capital base underscores MUFG's long-term commitment to innovation and its role in supporting the global startup landscape.

With a portfolio spanning over 50 investments across various geographies, MUFG Innovation Partners has demonstrated a consistent and active presence in the venture capital space. Their approach often involves co-investing with other prominent venture capital firms and strategic partners, leveraging collective expertise and networks to support portfolio companies' growth. MUFG's venture activities are integral to its broader strategy of adapting to evolving market dynamics and maintaining its competitive edge in the rapidly changing financial services industry.

Investor Profile

Mitsubishi UFJ Financial Group has backed more than 36 startups, with 9 new investments in the last 12 months alone. The firm has led 11 rounds, about 31% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Japan, India.
  • Strong thematic focus on Energy, Financial Services, Solar.
  • Led 4 rounds in the past year.
  • Typical check size: $1M – $15M.

Stage Focus

  • Debt Financing (33%)
  • Series A (11%)
  • Series Unknown (11%)
  • Series B (11%)
  • Post Ipo Debt (8%)
  • Seed (8%)
  • Series E (6%)
  • Series D (3%)
  • Corporate Round (3%)
  • Series F (3%)

Country Focus

  • United States (53%)
  • Japan (17%)
  • India (8%)
  • United Kingdom (6%)
  • Spain (6%)
  • Ireland (3%)
  • Indonesia (3%)
  • Singapore (3%)
  • China (3%)

Industry Focus

  • Energy
  • Financial Services
  • Solar
  • Information Technology
  • Finance
  • Fintech
  • Renewable Energy
  • Clean Energy
  • Oil And Gas
  • Service Industry
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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 Mitsubishi UFJ Financial Group frequently co-invest with?

Mizuho Bank
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Societe Generale
Europe, Ile-de-France, France, Paris
Co-Investments: 3
SMBC Venture Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Wells Fargo
North America, California, United States, San Francisco
Co-Investments: 3
Citi
North America, New York, United States, New York
Co-Investments: 4
Mizuho Capital
Asia, Tokyo, Japan, Tokyo
Co-Investments: 4
JAFCO
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
HSBC
Europe, England, United Kingdom, London
Co-Investments: 5
Sumitomo Mitsui Banking Corporation
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Deutsche Bank
Europe, Hessen, Germany, Frankfurt
Co-Investments: 3

Which angels does Mitsubishi UFJ Financial Group often collaborate with?

EK
North America, California, United States, San Francisco
Shared Deals: 1
ED
North America, California, United States, San Francisco
Shared Deals: 1
Dave McClure
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Mitsubishi UFJ Financial Group?

Bending Spoons

Milan, Lombardia, Italy

Bending Spoons is a technology company that develops mobile applications to enhance user experiences.

AppsMobile AppsSoftwareVideo Editing
Debt FinancingOct 29, 2025
Amount Raised: $2,800,000,000
CraftBank

Nihombashi-hamacho, Tokyo, Japan

CraftBank is an IT company that specializes in digital management in the property industry and develops interior construction businesses.

ConstructionEnterprise SoftwareHuman Resources
Secondary MarketOct 17, 2025
Amount Raised: $10,659,442
Raise Financial Services

Thane, Maharashtra, India

Raise Financial Services offers financial services across financing, insurance, investments, payments, and wealth.

FinanceFinancial ServicesFinTech
Series BOct 5, 2025
Amount Raised: $120,000,000
Raise Financial Services

Thane, Maharashtra, India

Raise Financial Services offers financial services across financing, insurance, investments, payments, and wealth.

FinanceFinancial ServicesFinTech
Secondary MarketOct 5, 2025
Connor, Clark & Lunn Infrastructure

Toronto, Ontario, Canada

Connor, Clark & Lunn Infrastructure invests in middle-market infrastructure and infrastructure-like assets and companies.

Financial Services
Debt FinancingSep 10, 2025
Amount Raised: $200,000,000
Cordelio Power

Toronto, Ontario, Canada

Cordelio Power is a power producer that is involved in the development, ownership and management of an array of renewable power facilities.

EnergyRenewable Energy
Debt FinancingSep 9, 2025
Amount Raised: $313,000,000
EarnIn

Palo Alto, California, United States

EarnIn is an earnings management company that provides access to earned wages and financial wellness tools.

Employee BenefitsFinancial ServicesFinTechMobile Payments
Debt FinancingSep 2, 2025
Amount Raised: $75,000,000
Keurig Dr Pepper

Burlington, Massachusetts, United States

Keurig Dr Pepper is a coffee and beverage company that focused on distribution and sourcing.

CoffeeFood and BeverageManufacturing
Post Ipo DebtAug 25, 2025
Amount Raised: $18,963,714,922
Zenobe Energy

London, England, United Kingdom

Zenobe Energy manufactures battery storage assets for electric bus operators, utilities, and industrial and commercial businesses.

BatteryCharging InfrastructureEnergyRenewable Energy
Debt FinancingJul 24, 2025
Amount Raised: $382,030,238
Arevon

Scottsdale, Arizona, United States

Arevon develops, finances, builds, and operates solar and energy storage projects for utilities, businesses, and communities.

Clean EnergyEnergy StorageRenewable EnergySolar
Debt FinancingJul 1, 2025
Amount Raised: $600,000,000