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The Venture Codex

Overview

Independent venture capital fund backing ambitious projects in Japan.

Founded

2016

Deals · 12mo

1

Stage focus

Seed
Series A

Geographic focus

Japan

Sector focus

—

Investment portfolio

5rounds
NAMEDATESIZE
MamaWell
Dec 2025Participated
$2 MSeries A
Woodstock
May 2024Participated
$3 MOther Equity
Queri
Feb 2024Led
$0.13 MSeed
Okke
Feb 2024Participated
$0.47 MSeries A
Luca Japan
Nov 2023Participated
$3 MSeries A
MamaWell
Dec 2025Participated
$2 MSeries A
Woodstock
May 2024Participated
$3 MOther Equity
Queri
Feb 2024Led
$0.13 MSeed
Okke
Feb 2024Participated
$0.47 MSeries A
Luca Japan
Nov 2023Participated
$3 MSeries A
5
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Insights

Time horizon

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Deal Distribution

Shizen Capital: 5 funding rounds are recorded in the selected participation categories.All available history.
Shizen Capital: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A03
Other Equity01

Monthly Deal Activity

Shizen Capital: 5 deals are recorded across 36 months.All available history.
Shizen Capital: 5 deals are recorded across 36 months. All available history
MonthDeals
Nov '231
Dec '230
Jan '240
Feb '242
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Shizen Capital: Fintech is the largest displayed sector by deal count (2 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.

Shizen Capital: Fintech is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Fintech2
Enterprise Software2
Media & Entertainment2
Consumer & Lifestyle1
Networks, Cloud & Communication1
Education & Workforce1
Health & Life Sciences1
Professional Services1
Real Estate & Construction1
Social & Community Platforms1

Deal Size Distribution

Shizen Capital: 5 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.

Shizen Capital: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Shizen Capital: Japan has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Shizen Capital: Japan has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Japan5
Shizen Capital: 15 co-investors are shown, with Delight Ventures sharing 2 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.

Shizen Capital: 15 co-investors are shown, with Delight Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
Delight Ventures2
Carbon Ventures1
Coral Capital1
FINOLAB1
HearstLab1
Incubate Fund1
Indicator1
Kindred Ventures1
Mizuho Innovation Frontier1
Moonbase1
MPower Partners1
Natural Capital1
Plug and Play1
QR Investment1
Sony Ventures1

Investment Strategy

Shizen Capital: Led accounts for 20% and participating for 80% of round participation.All available history.
Shizen Capital: Led accounts for 20% and participating for 80% of round participation. All available history
CategoryDeals (count)Share (%)
Led120%
Participating480%
Shizen Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Shizen Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team