
Dai-ichi Life is Japan's third-largest life insurer by revenue and operates a dedicated venture investment arm that deploys the company's own capital into both VC funds and startups across a wide range of stages. The firm focuses on generating financial returns alongside positive social impact, with cumulative commitments exceeding $900 million across numerous funds.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Average disclosed round size is $29.9M (across 13 rounds with reported amounts).
Portfolio
27
Fund Size
—
Top Stage
Series C
Last 12 Mo
1
Team
KK
Kentaro Kaburagi
LP Investor | Private Equity & Hedge Funds
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
31 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series C | — | Apr 2026 | |
| Series C | — | Jan 2026 | |
| Series D | — | Jun 2025 | |
| GGITAI USA Inc. | Series B | $15.5M | Nov 2024 |
| Growth | — | Mar 2024 | |
| BBoost Capital | Unknown | — | Jan 2024 |
| Series B | $30M | May 2023 | |
| Series B | — | Jan 2023 | |
| GGITAI Japan | Series B | $30M | Jan 2023 |
| Series C | $26.2M | Aug 2022 | |
| Series C | $26.2M | Aug 2022 | |
| Series C | — | Jul 2022 | |
| Series C | $8.2M | Jun 2022 | |
| メメトセラ | Series B | — | Jan 2021 |
| MModulus Discovery, Inc. | Series B | — | Jan 2020 |
| Series C | $21M | Jun 2019 | |
| CChallenergy | Unknown | $4.5M | Mar 2019 |
| Unknown | — | Nov 2018 | |
| Series B | $17.7M | Oct 2018 | |
| Series B | — | Jan 2018 | |
| BBlue Planet-works | Unknown | $65M | Jun 2017 |
| BBlue Planet-works | Series A | $65M | Jan 2017 |
| Series D | — | — | |
| Unknown | — | — | |
| MModulus Discovery, Inc. | Series A | — | — |
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Top Co-Investors
JIC Venture Growth Investments7 shared
Global Brain Corporation5 shared
JAFCO Group Co., Ltd.4 shared
SBI Investment4 shared
SMBC Venture Capital4 shared
Delight Ventures3 shared
Scrum Ventures3 shared
Mizuho Capital3 shared
Sompo Holdings, Inc.2 shared
The Fintech Fund2 shared
GMO VenturePartners2 shared
Rakuten Capital2 shared
Barclays2 shared
500 Global2 shared
World Innovation Lab2 shared
Japan Airlines2 shared
Dentsu Ventures2 shared
Spiral Capital2 shared
Dimension2 shared
15th Rock2 shared
Last updated: 7 October 2026