NTT DOCOMO Ventures
Azabudai Hills Mori JP Tower 23F, 3-1 Azabudai 1-Chome, Minato-ku, Tokyo, 106-0041, Japan
Overview
NTT DOCOMO Ventures is the venture capital arm of NTT DOCOMO, Inc. specializing in investments in incubation, early stage, middle stage, and later/pre-IPO stage companies. It prefers to invest in the field of information technology, telecommunications, content platform services, battery power, authentication security, BigData, a solution with devices, cloud, and communication platforms. The firm invests in and outside of Japan. It seeks to invest up to about USD $2 million to USD $3 million per investment. It prefers to seek minority stakes of around 20% or less per portfolio. The firm seeks to exit its investments through sales of stocks or transfer of shares to DOCOMO and NTT Group companies. It also runs an accelerator program called DOCOMO Incubation Program. Docomo Innovation Ventures, previously known as NTT Investment Partners Inc., was established on February 20, 2008, and is based in Minato, Chiba, Japan.
- Total investments
- 70
- Lead investments
- 9
- Investments · 12mo
- 7
- Active investors
- 7
Sector focus
- Financial Services
- Information Technology
- Robotics
- Venture Capital
Investment portfolio
- Higgsfield
Participated · Series B · Aug 2026
Higgsfield builds an AI-driven platform for generating and iterating short-form video, emphasizing workflows that let users repeatedly rework clips rather than producing one finished asset. The company publicly launched in 2025 and has grown to more than 15 million users across 240 countries. Its business has shifted toward enterprise marketing customers, which now comprise the majority of revenue after moving from under a quarter earlier in 2025. Higgsfield reported annualised revenue of $500 million, up from roughly $200 million at the end of 2025. The team was founded in 2023 by Alex Mashrabov—who previously sold AI Factory to Snap and led generative AI there—alongside CTO Yerzat Dulat and co-founder Mahi de Silva. Management says future investment will prioritize enterprise product development, security, and scaling compute capacity to meet video-generation demand.
- 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.
- ElevationSpace
Participated · Series B · Jun 2026
ElevationSpace is developing the ELS-R series re-entry satellites and the ELS-RS high-frequency cargo recovery service to return payloads from orbit to Earth. The company is close to completing assembly of AOBA, its first private re-entry satellite and the inaugural ELS-R model. ElevationSpace leverages Japan’s small-satellite lift-guided re-entry expertise for returning payloads and crew from space. It has pursued global partnerships, including an agreement with Axiom Space and plans to integrate Redwire’s biopharma technology into its platform. Financially, the company has raised $63.5 million in total after securing $40 million in its Series B. Management framed the funding as supporting expansion of domestic and international business and service development under its vision of building an in-orbit transportation network.
- New Space Intelligence
Participated · Series A · Apr 2026
New Space Intelligence offers a “Satellite Data Pipeline” that automates selection, integration (harmonization), analysis, and provisioning of heterogeneous satellite data for applications like infrastructure monitoring and disaster analysis. Its core capabilities include calibration using ground-based mirror reflectors combined with AI-driven image quality evaluation and correction, plus harmonization technology to combine data from multiple satellites for higher-frequency observation and continuity. The company targets public and industrial customers across use cases such as railways, roads, power infrastructure monitoring, disaster response, illegal dumping detection, and land use analysis. Following its ¥430 million Series A, the firm plans to expand existing services, build new GLI-based applications, strengthen product development, and grow sales, marketing, and hiring. It also intends to expand geographically into Asia, North America, and Africa. New Space Intelligence was selected for JAXA’s Space Strategy Fund Phase 2 project and will develop sensor evaluation and calibration methods under that program through September 2030.
- Doppel
Participated · Series C · Nov 2025
Doppel offers a social engineering defense (SED) platform that leverages agentic AI and a real-time threat graph to spot impersonation, phishing, fraud, and other attacks across social media, messaging apps, paid ads, and the dark web. Its Digital Risk Protection suite unifies threat alerts and automates attacker-infrastructure takedowns, while its Human Risk Management products provide deepfake-driven simulations and security-awareness training. Since launching its Simulation product in August, that module already represents a material share of Q3 bookings, signaling strong early demand. The company reports 3× year-over-year ARR growth and a more than 5× increase in Fortune 500 customers, now serving over 200 organizations including Coinbase, Ramp, Commerce, and Orrick. Doppel has doubled its headcount over the past year and continues to hire aggressively as it expands internationally. A collaboration with OpenAI has enabled the firm to fine-tune models that autonomously detect and neutralize complex social-engineering threats in real time. Following its latest $70 million Series C round, Doppel has raised $124 million to date at a valuation exceeding $600 million.