Spiral Capital

Spiral Capital is a prominent venture capital firm based in Tokyo, Japan, dedicated to fostering the growth of innovative startups within the Japanese market and beyond. The firm adopts a multi-stage investment approach, supporting companies from their nascent Seed phase through Series A, Series B, and into later Growth stages. Their investment thesis is broad, encompassing a diverse range of sectors including Software-as-a-Service (SaaS), Artificial Intelligence (AI), Fintech, Healthcare, Web3, Deep Tech, and Consumer businesses, reflecting a comprehensive view of the evolving digital economy.

Since its inception, Spiral Capital has demonstrated a consistent commitment to the startup ecosystem, evidenced by the successive growth in their fund sizes. Their most recent vehicle, Spiral Capital III, successfully closed at JPY 20 billion, equivalent to approximately $130 million USD, underscoring their increasing capacity to deploy significant capital into promising ventures. This latest fund builds upon the success of earlier funds, Spiral Capital I and II, which also contributed substantially to the Japanese startup landscape.

The firm typically provides initial investments ranging from JPY 100 million to JPY 1 billion. This translates to an approximate first cheque size of $650,000 USD on the lower end, extending up to $6.5 million USD for larger, more mature opportunities. Beyond capital, Spiral Capital emphasizes a hands-on approach, leveraging its extensive network and deep industry expertise to offer strategic guidance, operational support, and talent acquisition assistance to its portfolio companies. With a portfolio exceeding 60 companies, Spiral Capital has established itself as a key player in the Japanese venture capital scene, aiming to build long-term partnerships and contribute to the success of its founders.