DNX Ventures (formerly Draper Nexus) is an early-stage venture capital firm with offices in Silicon Valley and Tokyo, investing in B2B startups across SaaS/Cloud, cybersecurity, deep tech, and sustainability. The firm acts as a bridge between the U.S. and Japanese markets, investing primarily at the Seed and Series A stages.
Average disclosed round size is $25.3M (across 57 rounds with reported amounts).
Portfolio
79
Fund Size
$243M
Top Stage
Series A
Last 12 Mo
9
Team
Rafal Modrzewski
CEO of ICEYE
Mitch Kitamura
Managing Partner / COO
Q Motiwala
Managing Partner
Q Motiwala
Managing Director
Hiro Rio Maeda
VC Partner
Hironobu Maeda
VC partner
Richard (Rickie) Koo
Partner
Salil Pradhan
Venture Partner
Yasu Y.
Industry Partner
Yoshimi Nomura
Partner
Kevin Takaoka
Venture Associate
Lauren Shoemaker
Associate
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Shippio | Series C | — | Sep 2026 |
| EESGAgent.ai | Seed | $1.7M | Jul 2026 |
 Hiway | Series A | — | Jun 2026 |
 InsightX | Series A | — | Feb 2026 |
 Neurophos | Series A | $110M | Jan 2026 |
| PPull Logic | Seed | $3.3M | Jan 2026 |
 Spangle | Series A | $15M | Jan 2026 |
 Knostic | Pre-Seed | $11M | Jan 2026 |
 Crisp | Series B | $26M | Dec 2025 |
 Movandi | Series B | $40M | Oct 2025 |
 straya | Unknown | — | Sep 2025 |
 NaLaLys | Series A | — | Jun 2025 |
| DDIGGLE Inc. | Series B | — | Jun 2025 |
 KAKEHASHI | Series D | — | Jun 2025 |
 NetRise | Series A | $10M | Apr 2025 |
 Emium | Unknown | — | Apr 2025 |
| Knostic | Series A | $11M | Mar 2025 |
| AAuriga | Seed | $4.6M | Jan 2025 |
| MMitiga Security Inc | Series B | $30M | Jan 2025 |
| MMitiga Security Inc | Growth | $30M | Jan 2025 |
| EElastixai | Seed | $16M | Jan 2025 |
| Movandi | Unknown | $6.4M | Jan 2025 |
 Planetary Technologies | Series A | $11.3M | Oct 2024 |
 Coalesce | Series B | $50M | Apr 2024 |
 Tensor Energy | Series A | $6M | Mar 2024 |
Top Co-Investors
Last updated: 19 September 2026