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The Venture Codex

Mitsui Sumitomo Insurance Venture Capital

1-2-5 Kyobashi, Chuo City Kyobashi TD Building 4F, Tokyo, 104-0031, Japan

Overview

MSIVC is a venture capital firm that invests in Japanese and global startups scaling to IPO. It focuses on startups in verticals of Fintech, SaaS, Healthcare, AI, E-Commerce, Foodtech, and Environment etc.

Total investments
42
Lead investments
10
Investments · 12mo
13
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • dodoAI

    Participated · Seed · Jun 2026

    dodoAI's flagship product is described as a “Sovereign Agentic OS,” a governance layer for AI agents that monitors, verifies, and audits AI-generated outputs and enforces human approval before final actions. The platform is model-agnostic, supporting providers such as OpenAI, Anthropic’s Claude, and Google Gemini, and can be deployed in public cloud, on-premises, or air-gapped environments. The company targets regulated industries including financial services, manufacturing, telecommunications, and energy. A disclosed pilot with a large property and casualty insurer applied dodoAI to one subsystem within a core platform of roughly 300 subsystems and reportedly reduced labor requirements by between 35% and 98% in targeted areas while maintaining quality standards. dodoAI was founded in May 2022 (originally as 58 Inc.), renamed on June 1, 2026, and has 34 employees across Tokyo, Ho Chi Minh City, and Hanoi.

  • Onestruction

    Participated · Equity · May 2026

    ONESTRUCTION develops construction-industry technology founded around openBIM, offering products and platforms to make BIM and other construction data usable for AI and operational workflows. Its current offerings include OpenAEC (BIM data quality management software) and Ishigaki (a construction-specialized AI foundation model), with Contex, an AI software for assetizing construction data, slated for release in 2026. The company was founded in 2020 and is headquartered in Tottori City. ONESTRUCTION says it has accumulated expertise through collaborations with government, construction firms, and research institutions and has been aligning its product strategy from openBIM toward handling broader construction data. Following its latest fundraising, the company plans to scale product development, expand the team, advance research, and pursue international market and alliance opportunities.

  • OpenHeart

    Participated · Series A · May 2026

    OpenHeart operates the 3D platform TAVIO and runs a related offering called TAVIO STUDIO. The company is headquartered in Minato-ku, Tokyo, and is led by president and CEO Koji Watanabe. Following the May 2026 pre-Series A financing, OpenHeart plans to use the proceeds to strengthen TAVIO's platform foundation and to accelerate TAVIO STUDIO's operations. The article does not disclose revenue, user counts, or prior funding rounds. The financing was structured as a third-party allotment to multiple venture capital firms and corporate investors, totaling about ¥220 million.

  • BALLAS

    Participated · Series B · Apr 2026

    BALLAS operates an industry-leading online platform for sourcing construction materials, aiming to optimize procurement as the starting point for mass-customizing the construction sector. The company positions its platform as the largest in the industry and is advancing AI-related product efforts. BALLAS is led by CEO Masayuki Kimura and is headquartered in Chuo-ku, Tokyo. With the newly raised Series B capital, the company plans to accelerate platform growth and further develop its AI products. The article does not provide revenue, user, or prior funding metrics.

  • Newtrace

    Led · Series A · Mar 2026

    Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace designs and manufactures Voltagen, a proprietary electrode technology for alkaline water electrolyzers used in green hydrogen production. The electrodes are intended as drop-in replacements, enabling electrolyzer manufacturers, green hydrogen project developers and industrial gas companies to boost efficiency, extend system lifetimes and lower hydrogen costs without redesigning existing systems. The company plans to use its latest funding to scale pilot manufacturing, validate its technology with customers and broaden both engineering and manufacturing capabilities. Newtrace targets initial commercial deliveries of Voltagen electrodes within the next 12 months. For the fiscal year ended March 2025, it recorded operating revenue of Rs 1.8 crore while losses widened 73 % to Rs 15.6 crore. The firm positions itself at the intersection of climate tech and industrial hardware, aiming to accelerate the global transition to green hydrogen.

Team

  • Shimasaki Takuya

  • Shin Fujioka

    General Manager, Business Design

    LinkedIn
  • Yumeto Utsunomiya

    Manager at Investment Development Department