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The Venture Codex

Spiral Capital

Azabudai Hills Garden Plaza B 504, 5-9-1 Toranomon, Minato-ku, Tokyo, 105-0001, Japan

Overview

Venture capital fund.

Deals · 12mo

9

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

Japan
Singapore

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

34rounds
NAMEDATESIZE
Kiviaq
Sep 2026Participated
$0.98 MSeries A
Paytner
Sep 2026Participated
$14 MSeries D
Space BD
Jun 2026Participated
$22 MSeries C
TORIHADA
Mar 2026Participated
$9 MSeries A
Zevero
Mar 2026Participated
$7 MOther Equity
Miresso
Feb 2026Led
$27 MSeries A
Space BD
Jan 2026Participated
$15 MSeries C
Light
Dec 2025Participated
$7 MDebt
Shippio
Oct 2025Participated
$21 MSeries C
Mechano Cross
Sep 2025Participated
$7 MSeries A
Miresso
Aug 2025Led
$12 MSeries A
Tailor
May 2025Participated
$14 MSeries A
Kiviaq
Sep 2026Participated
$0.98 MSeries A
Paytner
Sep 2026Participated
$14 MSeries D
Space BD
Jun 2026Participated
$22 MSeries C
TORIHADA
Mar 2026Participated
$9 MSeries A
Zevero
Mar 2026Participated
$7 MOther Equity
Miresso
Feb 2026Led
$27 MSeries A
Space BD
Jan 2026Participated
$15 MSeries C
Light
Dec 2025Participated
$7 MDebt
Shippio
Oct 2025Participated
$21 MSeries C
Mechano Cross
Sep 2025Participated
$7 MSeries A
Miresso
Aug 2025Led
$12 MSeries A
Tailor
May 2025Participated
$14 MSeries A
34
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Insights

Time horizon

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Deal Distribution

Spiral Capital: 34 funding rounds are recorded in the selected participation categories.All available history.
Spiral Capital: 34 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Series A39
Series B24
Series C+04
Other Equity17
Debt01

Monthly Deal Activity

Spiral Capital: 34 deals are recorded across 60 months.All available history.
Spiral Capital: 34 deals are recorded across 60 months. All available history
MonthDeals
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '232
Jun '230
Jul '231
Aug '230
Sep '231
Oct '231
Nov '231
Dec '231
Jan '240
Feb '240
Mar '242
Apr '241
May '241
Jun '241
Jul '243
Aug '241
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '251
Sep '251
Oct '251
Nov '250
Dec '251
Jan '261
Feb '261
Mar '262
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '262
Oct '260

Sector Breakdown

Spiral Capital: Professional Services is the largest displayed sector by deal count (9 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.

Spiral Capital: Professional Services is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Professional Services9
Clean Energy & Sustainability7
Networks, Cloud & Communication7
Enterprise Software6
Data, Analytics & IT6
Space & Frontier Tech6
Transportation & Logistics6
AI & Machine Learning6
Fintech4
Health & Life Sciences4
Consumer & Lifestyle3
Hardware & Robotics3
Media & Entertainment3
Education & Workforce2
E-Commerce & Retail2
Marketing & Advertising2
Manufacturing1
Food & Agriculture1
Gaming & eSports1

Deal Size Distribution

Spiral Capital: 34 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.

Spiral Capital: 34 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M12
$10M-$25M10
$25M-$50M4
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Spiral Capital: Japan has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Spiral Capital: Japan has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
Japan31
Singapore2
100-00041
Spiral Capital: 20 co-investors are shown, with Mizuho Capital sharing 7 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.

Spiral Capital: 20 co-investors are shown, with Mizuho Capital sharing 7 recorded deals. All available history
Co-investorShared deals
Mizuho Capital7
Aozora Corporate Investment5
DNX Ventures5
SMBC Venture Capital5
Yamaguchi Capital5
ANRI4
Mitsubishi UFJ Capital4
XTech Ventures4
Angel Bridge3
Genesia Ventures3
Incubate Fund3
JIC Venture Growth Investments3
Nissay Capital3
Delight Ventures2
Environmental Energy Investment2
Global Brain2
Japan Finance Corporation2
Mitsubishi HC Capital2
QB Capital2
UntroD Capital2

Investment Strategy

Spiral Capital: Led accounts for 21% and participating for 79% of round participation.All available history.
Spiral Capital: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led721%
Participating2779%
Spiral Capital: Single-lead accounts for 43% and co-led for 57% of lead dynamics.All available history.
Spiral Capital: Single-lead accounts for 43% and co-led for 57% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead343%
Co-led457%

Team

Akitomo Naoi

Senior Associate

Hiroki Yamamoto

シニアアソシエイト

Hiroshi Oka

Representative Partner

Kamada Kazuhiro

Partner

Ryo Takao

Principal

Shuzo Ueki

Associate

Takashi Chiba

Partner

Tomokazu Okuno

Representative Partner