Minerva Growth Partners
ARK Hills Executive Tower S702, 1-14-5 Akasaka, Minato-ku, Tokyo, 107-0052, Japan
Overview
MGP manages a private equity fund focusing on late-stage VC and growth equity in the technology sector, in partnership with Pleiad Investment Advisors, an investment manager based in Hong Kong. This crossover partnership allows Minerva-Pleiad to invest across a company’s lifecycle from pre-IPO to post-IPO.
- Total investments
- 9
- Lead investments
- 1
- Investments · 12mo
- 4
- Active investors
- 1
Sector focus
- Consulting
- Finance
- Financial Services
Investment portfolio
- X Mile
Participated · Series C · Aug 2026
Founded in February 2019, X Mile started as a staffing platform matching workers with employers in non-desk industries and has since broadened into software, AI tools, M&A advisory, and vehicle sales for operators. The platform now reports more than 1.2 million registered job seekers and over 30,000 client business locations. X Mile’s digital transformation platform for transportation and logistics operators has grown annual recurring revenue by more than 90% year-on-year. The company plans to expand its vertical AI product line for logistics, construction, and manufacturing, grow its M&A and business-support capabilities, and deepen partnerships with major corporations. Its recent Series C increases total funding to JPY6.96 billion and is intended to support product expansion and acquisitions that add complementary products and teams.
- Global Trust Networks
Participated · Equity · Jul 2026
Global Trust Networks offers comprehensive support for foreigners from pre-arrival through settlement and success, operating a multilingual support center (up to 25 languages, with hours varying by service) that handles housing, employment, communication and financial needs. The company supports not only individuals but also companies, municipalities and schools that recruit or accept foreign residents. A key feature is its rent guarantee business and associated risk-management capabilities—credit screening, examination and debt management—which GTN leverages to expand financial access for foreigners. GTN reports a cumulative user and supporter base exceeding 700,000 and handles over 200,000 lifestyle consultations annually. The company intends to develop a cross-functional platform using AI to provide individualized, timely support and is directing new capital toward strategic M&A and hiring product and development staff to accelerate that roadmap.
- NOT A HOTEL
Participated · Series C · Feb 2026
Founded in April 2020 and based in Chuo-ku, Tokyo, NOT A HOTEL provides unique villa properties created with world-class architects and creators, combining dedicated mobility options (helicopter, cruiser) and personalized services. Its offerings blend architecture, technology, and hospitality to deliver integrated stay experiences and owner-centric services. The company is expanding beyond stays into mobility via its "NOT A GARAGE" shared-ownership mobility service and seeks to link movement and destination experiences. Financially, NOT A HOTEL completed a ¥16.5 billion Series D transaction (¥10.0B primary + ¥6.5B secondary) with strategic investors including TIP, SBI Group, Sequoia, and TT Lion Partners. Going forward, the company plans to use the capital and partnerships to accelerate existing business growth, improve owner experience, and explore purchaser financing options through SBI.
- Enechain
Participated · Series B · Jan 2026
enechain provides eSquare Live, an online marketplace where market participants can buy and sell electricity, fuels, and environmental value products. The platform has handled more than ¥3 trn in cumulative wholesale electricity transactions, and its screen‐based trading volume via eSquare Live grew more than 25× year-on-year. To reduce counterparty and settlement risk, the company runs joint ventures eClear (with MUFG Bank) for power-trade clearing and eXstend (with Sumitomo Mitsui Financial Group) for fuel-price hedging. Following its latest financing, enechain’s paid-in capital has reached roughly ¥10 bn and group-wide funding now totals several hundred billion yen. The new capital will be used to upgrade eSquare Live to global-class UX and reliability standards, aggregate additional products and data, deepen ecosystem integrations, and embed advanced AI capabilities through a newly created AI lab. The company will also invest heavily in cybersecurity and consider M&A to accelerate energy-sector digital transformation.
- CADDi
Participated · Series C · Mar 2025
CADDi provides an AI data platform for manufacturing companies to manage supply chain data and started as a tech-enabled manufacturing marketplace. The company intends to use recent funding to expand operations and accelerate development efforts. CADDi operates in four countries, including Japan, the United States, Vietnam and Thailand, and serves hundreds of customers such as Hitachi, Kawasaki, Subaru and Tokyo Electron. Founded in 2017 by Yushiro Kato and Aki Kobashi, the company has grown to more than 600 employees globally. CADDi has received backing from investors including Arena Holding, DCM, DST Global, Globis Capital and World Innovation Lab and has raised a total of $202M to date. CADDi operates a B2B marketplace and procurement platform (CADDi Manufacturing) that aggregates orders to lower costs and streamline sourcing for mid‑volume, high‑mix make‑to‑order manufacturers. It also offers CADDi Drawer, an AI‑powered cloud service for managing drawing data launched in June, intended to unlock quality, cost and delivery (QCD) improvements. The company cites a 99.83% on‑time delivery rate, a 99.96% non‑defective rate, and procurement cost reductions of nearly 20% for customers. CADDi says it works with 70% of Japan’s top 20 industrial equipment manufacturers, and CADDi Drawer customers include Tokyo Electron and EBARA. Since its last fundraise the team has grown from about 250 to 590 employees globally. CADDi plans to use the new proceeds to enhance both CADDi Manufacturing and CADDi Drawer and to expand its U.S. workforce, while operating offices in the U.S., Mexico (supplier operations), Vietnam and Thailand. CADDi operates a technology-backed B2B ordering and supply platform for manufacturing and procurement, using an automatic quotation system and proprietary cost-calculation algorithm to match orders to fabricators. Its platform includes automatic cost calculation, optimal ordering, production management and drawing management systems, and claims 10%–15% cost reductions and stable capacity for partners. The company serves more than 600 Japanese supply partners and says latest orders have grown more than six times year-over-year. CADDi plans to commercialize its internal drawing management tool as a Drawing Management SaaS and to expand into Southeast Asian markets where many Japanese customers have subsidiaries. The startup intends to hire 1,000 employees within three years and has a stated goal of generating sales of USD 9.1 billion by 2030. As of March 201, the company had 102 employees.
Team
Kei Nagasawa
LinkedIn