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Z Venture Capital

Asia, Tokyo, Japan, Tokyo

Description

Z Venture Capital (ZVC) operates as the corporate venture capital arm of Z Holdings, a prominent SoftBank Group company. Headquartered in Tokyo, Japan, ZVC primarily focuses its investment activities on Internet services and AI technology companies across a broad spectrum of sectors, including FinTech, E-commerce, Media, SaaS, Healthcare, and Deep Tech. While its primary geographic focus is Japan, the firm also actively seeks opportunities in Southeast Asia, leveraging the extensive ecosystem and resources of its parent company. This strategic positioning allows ZVC to identify and support innovative startups that can potentially integrate with or benefit from Z Holdings' diverse portfolio of services.

The firm demonstrates a versatile investment approach, engaging with companies across various stages from Seed to Late-stage. ZVC typically deploys initial investments ranging from $1 million to $10 million, with the capacity for follow-on investments that can extend up to $20 million. This flexible check size allows them to support promising ventures from their nascent stages through significant growth phases. In 2021, Z Venture Capital notably launched a new fund amounting to 30 billion Japanese Yen, approximately $270 million USD at the time, underscoring its substantial capital base and commitment to fostering technological innovation in its target markets.

As a corporate venture capital firm, ZVC offers more than just financial capital. Portfolio companies gain potential access to Z Holdings' vast operational expertise, market insights, and extensive user base, which includes major platforms like Yahoo! Japan and LINE. This synergistic relationship aims to accelerate the growth of its portfolio companies by providing strategic guidance, partnership opportunities, and a pathway to broader market penetration. ZVC's mission is to create new value by investing in disruptive technologies and business models that align with the strategic interests and future growth areas of the Z Holdings ecosystem.

Investor Profile

Z Venture Capital has backed more than 38 startups, with 15 new investments in the last 12 months alone. The firm has led 6 rounds, about 16% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in Japan, South Korea, United States.
  • Strong thematic focus on Information Technology, FinTech, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Seed (34%)
  • Series B (26%)
  • Series A (26%)
  • Series Unknown (5%)
  • Series C (3%)
  • Series E (3%)
  • Pre Seed (3%)

Country Focus

  • Japan (29%)
  • South Korea (24%)
  • United States (18%)
  • Singapore (11%)
  • Thailand (5%)
  • Canada (3%)
  • Israel (3%)
  • Philippines (3%)
  • Indonesia (3%)
  • Australia (3%)

Industry Focus

  • Information Technology
  • Fintech
  • Software
  • Media And Entertainment
  • Artificial Intelligence (Ai)
  • E-commerce
  • Content
  • Saas
  • Consumer
  • Apps
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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 Z Venture Capital frequently co-invest with?

UB Ventures
Asia, Tokyo, Japan, Tokyo
Co-Investments: 2
Dentsu Ventures
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 2
Global Brain Corporation
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
GS
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Mirae Asset Venture Investment
Asia, Kyonggi-do, South Korea, Seongnam
Co-Investments: 2
JAFCO
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 4
DIMENSION
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Strong Ventures
North America, California, United States, Los Angeles
Co-Investments: 4

Which angels does Z Venture Capital often collaborate with?

Yusuke Sato
Asia, Japan
Shared Deals: 1
BH
North America, Ontario, Canada, Toronto
Shared Deals: 1
EL
North America, California, United States, Los Angeles
Shared Deals: 1
CP
Europe, England, United Kingdom, London
Shared Deals: 1
Takao Ozawa
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1
AW
North America, California, United States, San Francisco
Shared Deals: 1
David Marcus
North America, California, United States, Los Angeles
Shared Deals: 1
TT
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Z Venture Capital?

Habit Factory

Yongsan, Seoul-t'ukpyolsi, South Korea

Habit Factory provides financial big data analytics solutions.

ConsultingFinanceFinancial ServicesInsurance
Series DOct 23, 2025
Amount Raised: $24,314,324
Zen Intelligence

Toranomon, Tokyo, Japan

Zen Intelligence is a technology firm that provides a software robot that patrols and collects data for analyzing the construction site.

AnalyticsConstructionRoboticsSoftware
Series ASep 25, 2025
Amount Raised: $10,090,427
ElevationSpace

Miyagi, Hokkaido, Japan

ElevationSpace is an environment utilization and recovery platform that conducts experiments and manufacturing inside artificial satellites.

IndustrialManufacturingProduct Design
Series BSep 17, 2025
Amount Raised: $7,513,670
Popokii

Tokyo, Tokyo, Japan

PoPoKii focuses on online gifting, highlighting premium Korean brands through platforms like LINE Gift and selective offline distribution.

Gift
SeedSep 10, 2025
Commune

Tokyo, Tokyo, Japan

Commune is a developer of a platform that supports connections, community building, and customers between organizations and people.

CRMDeveloper PlatformInformation Technology
Series CSep 3, 2025
Amount Raised: $27,009,241
Aim Intelligence

Seoul, Seoul-t'ukpyolsi, South Korea

Aim Intelligence has developed 'AIM Red', a generative AI solution for automatic vulnerability detection and security diagnosis.

Artificial Intelligence (AI)SecuritySoftware
SeedAug 6, 2025
Terass

Tokyo, Tokyo, Japan

Terass is a real estate agency that offers expert consultation and support services.

Commercial Real EstateConsultingReal EstateReal Estate BrokerageSocial Media
Series CJul 30, 2025
Amount Raised: $13,517,247
Linc

Tokyo, Tokyo, Japan

Linc supports foreigners in Japan, from studying abroad to career opportunities, ensuring a fulfilling study and work experience.

ContentEducationEmploymentHuman ResourcesInformation TechnologyRecruiting
Series UnknownJul 30, 2025
Amount Raised: $2,027,587
AccordX

Roppongi, Tokyo, Japan

AccordX is a fintech company that offers digital billing services that automate and streamline billing and recovery.

BillingDebt CollectionsFinTech
SeedJul 16, 2025
Amount Raised: $1,410,643
Tokyo Epic

Hamamatsucho, Tokyo, Japan

Tokyo Epic provides planning and development of webtoon, and animation services.

AnimationRoboticsVirtualization
SeedJul 8, 2025
Amount Raised: $615,861