Japan Airlines (JAL) is Japan's flagship airline, founded in 1951, that operates a corporate venture capital arm (Japan Airlines Ventures) investing in startups across aviation, mobility, sustainability, and frontier technologies. Through its JAL Innovation Fund II, a $50 million fully in-house CVC vehicle, the airline partners with global startups to drive innovation beyond core aviation.
Average disclosed round size is $55.4M (across 10 rounds with reported amounts).
Portfolio
11
Fund Size
$50M
Top Stage
Series A
Last 12 Mo
0
Team
AOKI Noriyuki
Executive Vice President
SAITO Yuji
Executive Vice President
ENDO Miho
Executive Officer
HAMAMOTO Takashi
Executive Officer
HORIO Yuko
Executive Officer
IIYAMA Takahiro
Executive Officer
KITO Yuichiro
Executive Officer
KOYAMA Yuji
Managing Executive Officer
LEGGETT Ross
Senior Managing Executive Officer
MASUMURA Koji
Executive Officer
MINAMI Masaki
Executive Officer
MIYASAKA Kumiko
Managing Executive Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 BeZero Carbon | Series C | — | Jan 2025 |
 Heirloom Carbon Technologies | Series B | — | Dec 2024 |
| RRideTandem | Seed | — | Jan 2022 |
| MMatter | Growth | $25M | Jan 2022 |
 Miles | Series A | $12.5M | Jul 2021 |
 Using Miles | Series A | $12.5M | Jul 2021 |
 Fox Robotics | Series A | $9M | Oct 2020 |
 Ispace | Series A | $90.2M | Dec 2018 |
| BBeZero | Series C | $32M | — |
| BBoom Supersonic | Unknown | $300M | — |
| MMiles | Series A | $12.5M | — |
| MMatter | Series B | $35M | — |
| MMatter | Series C | $25M | — |
Top Co-Investors
Last updated: 8 September 2026