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The Venture Codex

W Fund

PO Box 95259, Seattle, WA, 98145, United States

Overview

Early stage venture fund supporting technological growth.

Founded

2012

Deals · 12mo

2

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

Canada
Japan
United States

Sector focus

—

Investment portfolio

31rounds
NAMEDATESIZE
Light
Dec 2025Participated
$7 MDebt
Saishin Technologies
Nov 2025Participated
$0.89 MSeed
Zeal Boxing Fitness
Oct 2025Participated
$2 MSeries A
Visual Bank
Aug 2025Participated
$7 MSeries B
Fogg
Sep 2024Led
$2 MSeries A
Haloo
Jul 2024Participated
$3 MSeries A
Uniam
May 2024Participated
$0.38 MSeed
Dagangan
May 2024Led
$19 MOther Equity
Utaite
Apr 2024Participated
$7 MSeries A
Pick You
Apr 2024Participated
$0.92 MSeries A
Newmo
Feb 2024Participated
$10 MSeed
Biophilia
Jan 2024Participated
$8 MSeries B
Light
Dec 2025Participated
$7 MDebt
Saishin Technologies
Nov 2025Participated
$0.89 MSeed
Zeal Boxing Fitness
Oct 2025Participated
$2 MSeries A
Visual Bank
Aug 2025Participated
$7 MSeries B
Fogg
Sep 2024Led
$2 MSeries A
Haloo
Jul 2024Participated
$3 MSeries A
Uniam
May 2024Participated
$0.38 MSeed
Dagangan
May 2024Led
$19 MOther Equity
Utaite
Apr 2024Participated
$7 MSeries A
Pick You
Apr 2024Participated
$0.92 MSeries A
Newmo
Feb 2024Participated
$10 MSeed
Biophilia
Jan 2024Participated
$8 MSeries B
31
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

W Fund: 31 funding rounds are recorded in the selected participation categories.All available history.
W Fund: 31 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed010
Series A210
Series B13
Other Equity22
Debt01

Monthly Deal Activity

W Fund: 31 deals are recorded across 163 months.All available history.
W Fund: 31 deals are recorded across 163 months. All available history
MonthDeals
Apr '131
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '131
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '162
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
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 '211
Nov '211
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '221
Dec '221
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '231
Nov '232
Dec '231
Jan '241
Feb '241
Mar '240
Apr '242
May '242
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '251
Nov '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

W Fund: Networks, Cloud & Communication is the largest displayed sector by deal count (12 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.

W Fund: Networks, Cloud & Communication is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Networks, Cloud & Communication12
Consumer & Lifestyle10
Media & Entertainment8
Enterprise Software6
Health & Life Sciences6
Food & Agriculture5
Marketing & Advertising4
AI & Machine Learning4
Clean Energy & Sustainability3
Transportation & Logistics3
Manufacturing3
Professional Services3
E-Commerce & Retail2
Space & Frontier Tech2
Hardware & Robotics2
Fintech2
Developer Tools2
AR/VR1
Data, Analytics & IT1
Crypto & Blockchain1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

W Fund: 31 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.

W Fund: 31 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M22
$5M-$10M5
$10M-$25M4
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

W Fund: Japan has the largest recorded deal count among the displayed regions (17 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

W Fund: Japan has the largest recorded deal count among the displayed regions (17 deals). All available history
RegionDeals
Japan17
United States11
Canada2
Indonesia1
W Fund: 20 co-investors are shown, with WRF Capital sharing 6 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.

W Fund: 20 co-investors are shown, with WRF Capital sharing 6 recorded deals. All available history
Co-investorShared deals
WRF Capital6
SMBC Venture Capital4
XTech Ventures4
Nissay Capital3
ANRI2
Aozora Corporate Investment2
DIMENSION2
Globis Capital Partners2
HIRAC FUND2
Jafco Ventures2
OrbiMed2
Spiral Capital2
Techstars2
Trinity Ventures2
United Airlines2
Wisemont Capital2
Adlib Tech Ventures1
Agent Capital1
Algoma Orchards1
ANOBAKA1

Investment Strategy

W Fund: Led accounts for 16% and participating for 84% of round participation.All available history.
W Fund: Led accounts for 16% and participating for 84% of round participation. All available history
CategoryDeals (count)Share (%)
Led516%
Participating2684%
W Fund: Single-lead accounts for 40% and co-led for 60% of lead dynamics.All available history.
W Fund: Single-lead accounts for 40% and co-led for 60% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead240%
Co-led360%

Team

Naoki Sato

Director