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The Venture Codex

NEC

7-1, Shiba 5-chome, Minato-ku, Tokyo, 108-8001, Japan

Overview

Leader in IT and network technology integration for businesses.

Founded

1899

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

Canada
Germany
Japan
Singapore
...

Sector focus

Big Data
Information Technology
Network Security
Telecommunications

Investment portfolio

14rounds
NAMEDATESIZE
Multitude Insights
Feb 2026Participated
$10 MSeries A
Rapidus
Feb 2026Participated
$1.7 BOther Equity
Rescale
Apr 2025Participated
$115 MSeries D
Formic Technologies
Jun 2024Participated
$27 MSeries A
Formic
Jun 2024Participated
$27 MSeries A
SWAT Mobility
Apr 2024Led
$4 MOther Equity
PowerX
Aug 2023Participated
$32 MSeries B
Everestlabs.AI
Sep 2022Participated
$16 MSeries A
BostonGene
Apr 2022Led
$150 MSeries B
Hailo
Mar 2020Participated
$60 MSeries B
D-Wave Systems
Dec 2019Led
$10 MOther Equity
dotData
Oct 2019Participated
$23 MSeries A
Multitude Insights
Feb 2026Participated
$10 MSeries A
Rapidus
Feb 2026Participated
$1.7 BOther Equity
Rescale
Apr 2025Participated
$115 MSeries D
Formic Technologies
Jun 2024Participated
$27 MSeries A
Formic
Jun 2024Participated
$27 MSeries A
SWAT Mobility
Apr 2024Led
$4 MOther Equity
PowerX
Aug 2023Participated
$32 MSeries B
Everestlabs.AI
Sep 2022Participated
$16 MSeries A
BostonGene
Apr 2022Led
$150 MSeries B
Hailo
Mar 2020Participated
$60 MSeries B
D-Wave Systems
Dec 2019Led
$10 MOther Equity
dotData
Oct 2019Participated
$23 MSeries A
14
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

NEC: 14 funding rounds are recorded in the selected participation categories.All available history.
NEC: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A15
Series B22
Series C+01
Other Equity21

Monthly Deal Activity

NEC: 14 deals are recorded across 99 months.All available history.
NEC: 14 deals are recorded across 99 months. All available history
MonthDeals
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '191
Jan '200
Feb '200
Mar '201
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 '221
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '242
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '262
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

NEC: Space & Frontier Tech is the largest displayed sector by deal count (7 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.

NEC: Space & Frontier Tech is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Space & Frontier Tech7
Hardware & Robotics5
Manufacturing5
Enterprise Software4
Data, Analytics & IT4
AI & Machine Learning3
Cybersecurity & Privacy2
Transportation & Logistics2
Health & Life Sciences2
Government & Defense1
Clean Energy & Sustainability1
Consumer & Lifestyle1
Networks, Cloud & Communication1
Fintech1
Professional Services1

Deal Size Distribution

NEC: 14 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.

NEC: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M5
$25M-$50M3
$50M-$100M2
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+1

Deals By Geography

NEC: United States has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

NEC: United States has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
United States8
Japan2
Europe2
Singapore1
Canada1
NEC: 20 co-investors are shown, with Translink Capital sharing 4 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.

NEC: 20 co-investors are shown, with Translink Capital sharing 4 recorded deals. All available history
Co-investorShared deals
Translink Capital4
Alumni Ventures3
Blackhorn Ventures2
FJ Labs2
Initialized Capital2
Lorimer Ventures2
Lux Capital2
Mitsubishi HC Capital2
ABB Technology Ventures1
Applied Ventures1
Atika Capital1
Benhamou Global Ventures1
Canon1
Carahsoft1
Chubu Electric Power1
Commonweal Ventures1
Counterview Capital1
Development Bank of Japan1
E62 Ventures1
Foxconn1

Investment Strategy

NEC: Led accounts for 36% and participating for 64% of round participation.All available history.
NEC: Led accounts for 36% and participating for 64% of round participation. All available history
CategoryDeals (count)Share (%)
Led536%
Participating964%
NEC: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
NEC: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead360%
Co-led240%

Team

Aalok Kumar

President & Chief Executive Officer

Ayush Rawal

Data Scientist

Bin Cheng

Senior Researcher

Daichi Iwata

Head of FinTech Business Development Office

James Blackwell

Senior Software Developer

Kunihiko Iwadare

Founder

Martin Bauer

Senior Researcher

Nigel Conder

Entrepreneur / Entrepreneurism / Investor

Raymond Ray

Electronics & Smart Phone Designs