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The Venture Codex

Dentsu Ventures

1-8-1 Higashi-Shimbashi, Minato-ku, Tokyo, Minato-ku, 105-7050, Japan

Overview

Dentsu Ventures is the corporate venture capital fund of Dentsu. It specializes in seed, early, mid and later-stage investments. It prefers to invest in the marketing and communication business sectors in the United States of America, Europe, and Asia.

Total investments
22
Lead investments
1
Investments · 12mo
6
Active investors
5

Sector focus

  • Business Development
  • Corporate Training
  • Impact Investing
  • Venture Capital
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Investment portfolio

  • KnowledgeWork

    Participated · Series C · Aug 2026

    KnowledgeWork is a Japanese sales enablement company that has moved from a SaaS knowledge-sharing platform for sales teams into a provider of sales-specific AI agents for large enterprises. It sells three lines: Sales AX Consulting, in which consultants and forward-deployed engineers build and operate AI agents fitted to a customer's own sales process; Sales AI Products, including a tool that automates meeting minutes and CRM/SFA entry and a roleplay tool that runs practice sales conversations against AI avatars; and Sales AI Agent OS, launched in August 2026 as the underlying platform, composed of ontology, strategy, AI agent, and interface layers. Its software is deployed at major Japanese enterprises at thousands-of-seats scale, including NTT Docomo Business, Mizuho Bank, and Nissin Foods. The company is pursuing capital and business alliances with large corporates and their venture arms to widen distribution of its sales AI agents. KnowledgeWork was incorporated in March 2020 under CEO Koji Asano and is headquartered in the Azabudai Hills Mori JP Tower in Minato-ku, Tokyo. Financially, the company had raised ¥6.12 billion cumulatively through its Series B in November 2023 and added ¥3.5 billion (~$22.1M) in the first close of its Series C in August 2026.

  • Astrocade AI

    Participated · Series A · May 2026

    Astrocade offers an interactive platform that leverages generative AI to turn ideas into playable games in minutes and hosts a social gaming community. The company reports over 20 million users who engage with interactive worlds, educational adventures, and AI-powered companions. Leadership includes CEO Amir Sadeghian, CTO Ali Sadeghian, and CSO Fei‑Fei Li. Following the $56M combined Series A/B raise, Astrocade plans to expand its team, invest further in its community, deepen its generative AI capabilities (including AI agents for coding and asset creation), and scale globally to support increased user demand. The articles do not provide revenue figures or a disclosed valuation.

  • CULTA

    Participated · Series A · Mar 2026

    CULTA applies a proprietary, non-GMO, AI-powered breeding process that shortens new variety development from the traditional ten years to roughly two, enabling rapid creation of climate-resilient fruit crops. To date the company has produced four strawberry varieties, including its flagship “SAKURA DROPS,” which delivers about 30% higher yield, roughly 40% higher sugar content, and maintains quality for more than ten days even when harvested fully ripe. CULTA contracts growers, buys their entire output, and manages sales and marketing itself, giving it end-to-end control of supply and brand. Production is already scaling in Japan and Malaysia, with berries sold in Singapore, Malaysia, Hong Kong, and Thailand, and over 100 Japanese farms cultivating the varieties. The firm plans to greatly expand Southeast Asian production, enter Australia, and begin sales in Japan while pushing variety registration overseas. Future R&D targets include additional strawberry lines suited to large farms in Australia, North America, and Europe, as well as new grape and apple varieties and eventual work on coffee and banana. Including the current round, CULTA has raised roughly ¥1 billion (~US$7 million) in total funding.

  • Fiddler AI

    Participated · Series C · Jan 2026

    Founded in 2018, Fiddler AI has built an all-in-one observability and security platform that serves as a control plane for compound AI systems, giving enterprises standardized telemetry, evaluation, continuous monitoring, policy enforcement, and auditable governance. The product includes proprietary Trust Models that provide out-of-the-box accuracy, safety, and compliance checks, enabling Fortune 500 customers to diagnose, explain, and manage AI agent behavior in real time. Over the last 18 months the company’s revenue has grown more than 4×, reflecting rapid adoption in regulated sectors such as healthcare, financial services, and insurance. Recent milestones include achieving AWS Pattern Partner status and being ranked the #1 company in AI Agent Security & Risk Management by CB Insights. With its new control-plane capabilities, Fiddler plans to deepen integrations across the AI ecosystem and expand its footprint in mission-critical, agent-driven workflows. The latest financing brings total capital raised to $100 million, supporting continued product development and go-to-market expansion.

  • Forest

    Participated · Series B · Oct 2025

    Founded in July 2021, Forest operates a roll-up model that inherits and scales Japanese “monozukuri” (craftsmanship) brands through M&A, having completed 21 acquisitions in its first four years. The company differentiates itself from earlier global roll-ups by minimizing dependence on online marketplaces and instead leveraging in-house retail-tech and omni-channel expertise to re-structure and cross-sell its portfolio. Its cross-border EC site “Omakase” already carries about 14 brands and ships curated Japanese products to customers in 64 countries and regions. Recent tuck-ins include smartphone-accessory labels OVER’s and ガラスザムライ, leather-goods brand GRAV, outdoor line CREEB, shoe-care label ROSY LILY, retail-tech firm Tsuzucle, and 60-year-old RC-car maker YOKOMO. Forest keeps original founders involved in roughly 80 % of its acquired companies to preserve product DNA while unifying back-office, logistics and marketing under a centralized “backbone.” The firm seeks targets with strong craftsmanship, steady demand and clear upside once Forest optimizes marketing, logistics and cost structures. Capital from the new raise will be used to fund additional acquisitions and to expand its retail-tech capabilities.

Team