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The Venture Codex

JR West Japan Innovations

INOGATE OSAKA Compass Offices 10th floor, Kita-ku, Umeda 3-2-123, Osaka, 5300001, Japan

Overview

JR West Japan Group, they will utilize innovation based on external technologies and know-how to realize sustainable operation of the railway and expansion of business creation, contributing to the revitalization of areas including the West Japan area.

Total investments
5
Lead investments
0
Investments · 12mo
2
Active investors
1

Sector focus

  • Business Development
  • Finance
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Investment portfolio

  • TORIHADA

    Participated · Series A · Mar 2026

    TORIHADA positions itself as a creator-DX company building products to accelerate the creator economy, including the FANME platform for fan engagement and monetization and a proprietary creator database called Pythagoras used for short-video marketing to advertisers. Its subsidiary PPP STUDIO supports and manages creators, reporting over 2,000 affiliated or partnered creator groups and a combined follower count of 540 million. The company is actively expanding into TikTok Shop and live-commerce, investing in in-house commerce accounts and unique product development, and is developing an AI-driven tool provisionally named Auto Short Movie for automated commerce-video creation. TORIHADA also plans new initiatives such as a label to support creators' music and game streaming and an educational TORIHADA ACADEMY to share live-commerce and AI know-how. Financially, TORIHADA raised ¥1.5 billion in a Series A comprised of equity and debt to fund these strategic priorities. The company is headquartered in Shibuya, Tokyo and is led by CEO Eiryo Wakai, under a mission to become Japan's leading creator-economy company.

  • JPYC

    Participated · Series B · Feb 2026

    JPYC issues Japanese yen–pegged stablecoins and operates issuance and settlement services for those tokens. The company has been actively raising capital, recently completing an additional close of its Series B that increased cumulative Series B proceeds to about $29.62M. Investors in the recent tranche include a mix of venture funds and financial institutions such as Metaplanet, NCB Venture Capital, Hokuyo Bank and Yokohama Capital. JPYC plans to deploy the new funds toward system and application development, hiring, its stablecoin issuance and settlement operations, and strategic investments. Metaplanet previously announced a planned investment of up to ¥400 million earlier in the year. The articles do not disclose revenue, users, or other operating metrics.

  • Infcurion

    Participated · Equity · Apr 2024

    Founded in 2006, Infcurion positions itself as a leading pioneer in Embedded Fintech, developing payment-related products that combine payments, finance, and technology. Its core offerings include the Xard next‑generation corporate card issuing platform, the Winvoice invoice payment platform, and Wallet Station, a digital wallet platform for businesses and financial institutions. Xard has issued more than 1.5 million corporate cards in three years, illustrating scale in its card issuance business. The company has focused on implementing advanced payment infrastructures such as open APIs and provides consulting and system provision for financial and payment fields. Infcurion plans to use newly raised capital to strengthen product development and expand its workforce, and it continues to pursue an IPO at the best possible time. The company emphasizes collaboration with businesses to embed financial services into non‑financial products and services. Infcurion operates a next-generation payments platform and offers payment-related solutions, and has been active in embedded finance. In 2020 the company acquired the card instant-issuance platform Kyash Direct and relaunched it as Xard. Its payments system connects directly to Visa and Mastercard networks, eliminating the need for traditional payment-gateway intermediaries and enabling a cloud-based, lower-cost acquiring infrastructure. Infcurion is partnering with regional financial groups and corporates (notably Hokoku FHG and JR West) to build a regional digital payments platform and to develop acquiring and B2B services. The company says it will use the latest funding to strengthen platform functions, participate in JR West’s planned WESTER Wallet service, develop new B2B and acquiring services with Hokoku FG, and hire personnel. This recent raise follows a ¥2.2B round in October 2021 and represents the company’s fifth fundraising.

  • SPACER

    Participated · Series B · Jan 2024

    Founded in 2016, Tokyo-based SPACER manufactures, sells and operates the “SPACER” smart locker, which supports smartphone reservations and cashless payments. The lockers are already installed at major railway stations and will serve the 2025 Osaka–Kansai Expo, positioning the product as critical infrastructure for high-traffic public spaces. Facing Japan’s 2024 logistics labor crunch, the company is building a station-centric last-mile delivery network and a pickup service anchored at Tokorozawa Station. Newly raised funds will accelerate co-development and mass production of next-generation outdoor lockers with leading appliance maker Fuji Kogyo, convert railway networks into logistics hubs in partnership with Seibu Railway and regional investors, and enhance the locker’s cloud system for services such as prescription drug pickup, dry cleaning and food delivery. SPACER aims to expand installation sites nationwide and become a same-day delivery hub for “anything, anywhere.”

  • GiXo

    Participated · Equity · May 2021

    Gix develops an area-value visualization tool called “Tochikachi” and offers strategy consulting and data analytics services. The company has longstanding commercial ties and partnership agreements that include a sales-partner contract for Tochikachi. It has delivered AI-driven projects and operational reform support to multiple divisions of Mitsubishi UFJ Bank. Gix also maintains a capital and business relationship with JR West and an existing investment relationship with JR West Innovations. The firm says it will use recent capital and partner ties to accelerate “data-informed” initiatives, expand data utilization into marketing and digital strategy, and continue personnel exchange and training activities. The announcement frames the funding as supporting joint technology and business development with strategic partners.

Team

  • Hiroshi Wada

    President and CEO