Shizuoka Bank

Shizuoka Bank, a prominent regional bank based in Shizuoka-shi, Japan, actively participates in the venture capital ecosystem primarily through its wholly-owned subsidiary, Shizuoka Capital Co., Ltd. Established to foster innovation and support the growth of promising startups, Shizuoka Capital plays a crucial role in regional economic development while also seeking investment opportunities across Japan. Its investment strategy aligns with Shizuoka Bank's broader commitment to supporting local industries and embracing new technologies.

Shizuoka Capital manages several venture funds, with notable examples being the Shizuoka Growth Fund No. 2 and the Shizuoka Growth Fund No. 3. The Shizuoka Growth Fund No. 2, established in 2018, had a target size of JPY 10 billion, equivalent to approximately $65 million, focusing on sectors such as IT, healthcare, and advanced manufacturing. Building on this success, the Shizuoka Growth Fund No. 3 was launched in 2023, also targeting JPY 10 billion, or around $65 million. This latest fund specifically emphasizes investments in areas like Digital Transformation (DX), Green Transformation (GX), and initiatives aimed at regional revitalization, primarily within Shizuoka Prefecture but also extending nationwide.

These funds typically target early to growth-stage companies, providing capital to help them scale their operations and achieve market penetration. Shizuoka Capital's investment approach is not merely financial; it often involves leveraging Shizuoka Bank's extensive network and expertise to provide strategic support to its portfolio companies. While specific investment amounts can vary based on the stage and needs of the startup, Shizuoka Capital generally issues first cheques ranging from approximately $325,000 to $3,250,000. This range allows them to support a diverse portfolio of ventures, from nascent companies requiring initial seed capital to more established startups seeking Series A or B funding to accelerate their expansion.

The bank's engagement in venture capital underscores its forward-looking strategy to diversify its financial services and contribute to the innovation landscape. By investing in disruptive technologies and business models, Shizuoka Bank, through Shizuoka Capital, aims to generate financial returns while simultaneously driving economic growth and creating new opportunities within its operational regions and beyond.