45 investors have funded 9 CFO Stack companies head-officed in Tokyo, across 75 rounds (Dec 2012 – Jun 2025). They are ranked by how many Tokyo companies in this market they have actually backed.
"In Tokyo" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | DNX Ventures | San Mateo, United States | SeedSeries ASeries D | 3 | 7 | 4 | Jun 2025 | 150 |
| 2 | 500 Global | San Francisco, United States | SeedSeries A | 3 | 5 | — | Oct 2018 | 1,988 |
| 3 | Salesforce Ventures | San Francisco, United States | Series BSeries DSeed | 3 | 3 | 2 | Jun 2025 | 364 |
| 4 | Mitsubishi UFJ Capital | Tokyo, Japan | Series ASeries D | 2 | 2 | 1 | Nov 2024 | 408 |
| 5 | DCM Ventures | Menlo Park, United States | SeedSeries ASeries C | 1 | 5 | 5 | Dec 2016 | 293 |
| 6 | Global Brain | Shibuya, Japan | Series BSeries ASeries D | 1 | 3 | 1 | Nov 2024 | 292 |
| 7 | Archetype Ventures | Minato City, Japan | SeedSeries BSeries A | 1 | 3 | 1 | Jun 2025 | 38 |
| 8 | Headline | San Francisco, United States | Series ASeries B | 1 | 2 | 2 | Apr 2014 | 341 |
| 9 | SMBC Venture Capital | Chuo City, Japan | Series CSeries D | 1 | 2 | 1 | Nov 2024 | 303 |
| 10 | SBI Investment | Minato City, Japan | Series DSeries C | 1 | 2 | 2 | Dec 2016 | 242 |
| 11 | Mizuho Capital | Chiyoda City, Japan | Series CSeries D | 1 | 2 | 1 | Nov 2024 | 192 |
| 12 | World Innovation Lab | Palo Alto, United States | Series DSeries C | 1 | 2 | 1 | Nov 2024 | 90 |
| 13 | Spiral Ventures | Singapore, Singapore | Series ASeries B | 1 | 2 | — | Dec 2015 | 83 |
| 14 | 500 Startups Japan | San Francisco, United States | Seed | 1 | 2 | 2 | Oct 2018 | 23 |
| 15 | Recruit Group | Tokyo, Japan | Series CSeries B | 1 | 2 | 2 | Aug 2015 | 16 |
| 16 | Archetype | Minato City, Japan | SeedSeries A | 1 | 2 | 2 | Jan 2017 | 7 |
| 17 | Tencent | Shenzhen, China | Series D | 1 | 1 | 1 | Nov 2024 | 685 |
| 18 | East Ventures | Tokyo, Japan | Seed | 1 | 1 | — | Feb 2025 | 425 |
| 19 | DST Global | London, United Kingdom | Series C | 1 | 1 | 1 | May 2022 | 214 |
| 20 | Incubate Fund | Minato City, Japan | Seed | 1 | 1 | 1 | Nov 2015 | 148 |
| 21 | ANRI | Tokyo, Japan | Series D | 1 | 1 | — | Nov 2024 | 123 |
| 22 | Pavilion Capital Partners | New York City, United States | Series B | 1 | 1 | 1 | Sep 2014 | 82 |
| 23 | JIC Venture Growth Investments | Minato City, Japan | Series B | 1 | 1 | — | Jun 2025 | 82 |
| 24 | DEEPCORE | Bunkyo, Japan | Seed | 1 | 1 | 1 | Feb 2025 | 66 |
| 25 | Digital Garage | Tokyo, Japan | Seed | 1 | 1 | — | Jan 2015 | 67 |
| 26 | Rakuten Capital | Setagaya City, Japan | Series A | 1 | 1 | — | Jul 2016 | 55 |
| 27 | Delight Ventures | Shibuya, Japan | Seed | 1 | 1 | 1 | Feb 2025 | 54 |
| 28 | MUFG | Chiyoda-ku, Japan | Series E+ | 1 | 1 | 1 | Aug 2018 | 56 |
| 29 | Chiba Dojo | Shibuya, Japan | Seed | 1 | 1 | — | Feb 2025 | 44 |
| 30 | Aozora | Chiyoda-ku, Japan | Series B | 1 | 1 | — | Jun 2025 | 18 |
| 31 | Nippon Life Insurance | Osaka, Japan | Series D | 1 | 1 | 1 | Dec 2016 | 15 |
| 32 | UB Ventures | Shibuya, Japan | Seed | 1 | 1 | 1 | Oct 2018 | 15 |
| 33 | Credit Saison | Tokyo, Japan | Series B | 1 | 1 | — | Dec 2015 | 14 |
| 34 | Japan Airlines | Tokyo, Japan | Series D | 1 | 1 | — | Nov 2024 | 15 |
| 35 | New Frontier Partners | Minato, Japan | Series D | 1 | 1 | — | Nov 2024 | 12 |
| 36 | Chibagin Capital | Chiba, Japan | Series D | 1 | 1 | 1 | Dec 2016 | 11 |
| 37 | LINE | Shinjuku City, Japan | Series E+ | 1 | 1 | 1 | Aug 2018 | 7 |
| 38 | TGVest Capital | Taipei, Taiwan | Series B | 1 | 1 | 1 | Jun 2024 | 5 |
| 39 | Hokuriku Region Venture Fund | Series D | 1 | 1 | — | Nov 2024 | 5 | |
| 40 | Nissho Electronics | Chiyoda City, Japan | Series D | 1 | 1 | 1 | Dec 2016 | 3 |
| 41 | HENNGE | Shibuya, Japan | Seed | 1 | 1 | 1 | Oct 2018 | 3 |
| 42 | SuMi TRUST Innovation Fund | Series D | 1 | 1 | — | Nov 2024 | 3 | |
| 43 | Yayoi | Chiyoda City, Japan | Seed | 1 | 1 | — | May 2013 | 2 |
| 44 | SunBridge | Shibuya, Japan | Seed | 1 | 1 | 1 | May 2017 | 1 |
| 45 | AS-Accelerator | Asaka, Japan | Seed | 1 | 1 | 1 | May 2017 | 1 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
CFO Stack companies head-officed in Tokyo that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| UPSIDER up-sider.com |
13 | 18 | $657.8M | Series D Nov 2024 |
| Diggle diggle.jp |
12 | 19 | $78.6M | Series B Jun 2025 |
| freee freee.co.jp |
11 | 18 | $392.7M | Series E+ Aug 2018 |
| Mobingi mobingi.com |
4 | 6 | $4.5M | Series A Jan 2017 |
| Zaimo zaimo.ai |
4 | 4 | $2.6M | Seed Feb 2025 |
| Crowd Cast crowdcast.jp |
3 | 4 | $256K | Series B Dec 2015 |
| Bizer bizer.jp |
2 | 2 | $1.6M | Seed Nov 2015 |
| Make Leaps makeleaps.com |
2 | 3 | $150K | Series A Jul 2016 |
| Dr. Keihi keihi.com |
1 | 1 | — | Series B Jun 2024 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Jun 2025 | Salesforce Ventures | Diggle | Series B | $11.9M |
| Jun 2025 | DNX Ventures | Diggle | Series B | $11.9M |
| Jun 2025 | Archetype Ventures | Diggle | Series B | $11.9M |
| Jun 2025 | Aozora | Diggle | Series B | $11.9M |
| Jun 2025 | JIC Venture Growth Investments | Diggle | Series B | $11.9M |
| Feb 2025 | East Ventures | Zaimo | Seed | $640K |
| Feb 2025 | DEEPCORELED | Zaimo | Seed | $640K |
| Feb 2025 | Chiba Dojo | Zaimo | Seed | $640K |
| Feb 2025 | Delight VenturesLED | Zaimo | Seed | $640K |
| Nov 2024 | New Frontier Partners | UPSIDER | Series D | $35.6M |
| Nov 2024 | World Innovation Lab | UPSIDER | Series D | $35.6M |
| Nov 2024 | Global BrainLED | UPSIDER | Series D | $35.6M |
| Nov 2024 | Hokuriku Region Venture Fund | UPSIDER | Series D | $35.6M |
| Nov 2024 | SuMi TRUST Innovation Fund | UPSIDER | Series D | $35.6M |
| Nov 2024 | Mizuho Capital | UPSIDER | Series D | $35.6M |
| Nov 2024 | Mitsubishi UFJ Capital | UPSIDER | Series D | $35.6M |
| Nov 2024 | TencentLED | UPSIDER | Series D | $35.6M |
| Nov 2024 | SMBC Venture Capital | UPSIDER | Series D | $35.6M |
| Nov 2024 | Japan Airlines | UPSIDER | Series D | $35.6M |
| Nov 2024 | ANRI | UPSIDER | Series D | $35.6M |
CFO Stack investors in other cities
Other markets in Tokyo