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The Venture Codex

Overview

Seed to late stage tech investments in Japan and Asia Pacific.

Founded

2011

Deals ยท 12mo

3

Stage focus

Seed

Geographic focus

Japan
Singapore
Switzerland
Taiwan
...

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

17rounds
NAMEDATESIZE
Spike Studio
Jul 2026Participated
$2 MSeed
Interstellar Technologies
Jan 2026Participated
$127 MSeries F
Manpuku Holdings
Jan 2026Participated
$22 MSeries C
Qlay Technologies
Aug 2025Participated
$1 MSeed
Newmo
Feb 2024Participated
$10 MSeed
Ascend
Dec 2023Participated
$2 MSeries A
Thirdverse
Dec 2023Participated
$8 MOther Equity
Napier Finance
Nov 2023Participated
$1 MSeed
Fixx
Nov 2023Led
$0.66 MSeed
Aoyama Arts
Oct 2023Participated
$0.80 MOther Equity
Intmax
Apr 2023Participated
$5 MSeed
C Channel
Apr 2015Participated
$4 MOther Equity
Spike Studio
Jul 2026Participated
$2 MSeed
Interstellar Technologies
Jan 2026Participated
$127 MSeries F
Manpuku Holdings
Jan 2026Participated
$22 MSeries C
Qlay Technologies
Aug 2025Participated
$1 MSeed
Newmo
Feb 2024Participated
$10 MSeed
Ascend
Dec 2023Participated
$2 MSeries A
Thirdverse
Dec 2023Participated
$8 MOther Equity
Napier Finance
Nov 2023Participated
$1 MSeed
Fixx
Nov 2023Led
$0.66 MSeed
Aoyama Arts
Oct 2023Participated
$0.80 MOther Equity
Intmax
Apr 2023Participated
$5 MSeed
C Channel
Apr 2015Participated
$4 MOther Equity
17
Items
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Insights

Time horizon

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Deal Distribution

B Dash Ventures: 17 funding rounds are recorded in the selected participation categories.All available history.
B Dash Ventures: 17 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed27
Series A01
Series C+02
Other Equity14

Monthly Deal Activity

B Dash Ventures: 17 deals are recorded across 168 months.All available history.
B Dash Ventures: 17 deals are recorded across 168 months. All available history
MonthDeals
Nov '121
Dec '120
Jan '130
Feb '131
Mar '131
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
Apr '151
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '232
Dec '232
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '262
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

B Dash Ventures: Enterprise Software is the largest displayed sector by deal count (5 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

B Dash Ventures: Enterprise Software is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Enterprise Software5
Networks, Cloud & Communication5
Professional Services4
Education & Workforce3
Transportation & Logistics3
Crypto & Blockchain3
Media & Entertainment3
AI & Machine Learning3
Real Estate & Construction2
Consumer & Lifestyle2
Fintech2
Food & Agriculture2
Travel & Hospitality1
E-Commerce & Retail1
AR/VR1
Space & Frontier Tech1
Marketing & Advertising1
Hardware & Robotics1
Manufacturing1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

B Dash Ventures: 17 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

B Dash Ventures: 17 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M2
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

B Dash Ventures: Japan has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

B Dash Ventures: Japan has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Japan9
Taiwan3
United States2
United Arab Emirates1
Singapore1
Europe1
B Dash Ventures: 20 co-investors are shown, with Pinehurst Advisors sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

B Dash Ventures: Led accounts for 18% and participating for 82% of round participation.All available history.
B Dash Ventures: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led318%
Participating1482%
B Dash Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
B Dash Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3100%
Co-led00%

Team

Hiroyuki Watanabe

President, CEO and Representative Director

Ryuichi "Ryu" Nishida

Senior Investment Manager