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The Venture Codex

UPSIDER Capital

7-15-7 Roppongi, Tokyo, Minato-ku, 106-0032, Japan

Overview

Growth finance and innovative solutions for entrepreneurs.

Deals · 12mo

2

Links

Website

Stage focus

Debt
Seed
Series D

Geographic focus

Japan

Sector focus

—

Investment portfolio

4rounds
NAMEDATESIZE
bitBiome
May 2026Participated
$22 MSeed
Mujin
Dec 2025Participated
$234 MSeries D
RevComm
Jul 2024Led
$3 MDebt
Sales Marker
Apr 2024Led
$4 MDebt
bitBiome
May 2026Participated
$22 MSeed
Mujin
Dec 2025Participated
$234 MSeries D
RevComm
Jul 2024Led
$3 MDebt
Sales Marker
Apr 2024Led
$4 MDebt
4
Items
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Insights

Time horizon

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Deal Distribution

UPSIDER Capital: 4 funding rounds are recorded in the selected participation categories.All available history.
UPSIDER Capital: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series C+01
Debt20

Monthly Deal Activity

UPSIDER Capital: 4 deals are recorded across 31 months.All available history.
UPSIDER Capital: 4 deals are recorded across 31 months. All available history
MonthDeals
Apr '241
May '240
Jun '240
Jul '241
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 '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

UPSIDER Capital: Enterprise Software is the largest displayed sector by deal count (3 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.

UPSIDER Capital: Enterprise Software is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Enterprise Software3
AI & Machine Learning3
Hardware & Robotics2
Manufacturing1
Health & Life Sciences1
Data, Analytics & IT1
Space & Frontier Tech1
Transportation & Logistics1

Deal Size Distribution

UPSIDER Capital: 4 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.

UPSIDER Capital: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M0
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

UPSIDER Capital: Japan has the largest recorded deal count among the displayed regions (4 deals).All available history.

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

UPSIDER Capital: Japan has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
Japan4
UPSIDER Capital: 16 co-investors are shown, with Aozora Bank sharing 1 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.

UPSIDER Capital: 16 co-investors are shown, with Aozora Bank sharing 1 recorded deals. All available history
Co-investorShared deals
Aozora Bank1
Darwin Ventures1
Fukuoka Bank1
In-Q-Tel1
IT-Farm1
Joyo Bank1
Mitsubishi HC Capital Realty1
Mizuho Bank1
Nagoya Bank1
NTT Group1
Qatar Investment Authority1
Salesforce Ventures1
Shoko Chukin Bank1
Sumitomo Mitsui Trust Bank1
Valuence Ventures1
Yokohama Capital1

Investment Strategy

UPSIDER Capital: Led accounts for 50% and participating for 50% of round participation.All available history.
UPSIDER Capital: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led250%
Participating250%
UPSIDER Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
UPSIDER Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2100%
Co-led00%

Team

Naoki Ishigami

財務経理責任者