JIC Venture Growth Investments (JIC VGI) is the venture capital arm of Japan Investment Corporation (JIC), a government-backed sovereign wealth fund under Japan's Ministry of Economy, Trade and Industry. It makes venture and growth-stage investments in deep tech and life sciences startups to foster innovation and strengthen Japan's industrial competitiveness.
Average disclosed round size is $201.3M (across 36 rounds with reported amounts).
Portfolio
76
Fund Size
—
Top Stage
Growth
Last 12 Mo
10
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
118 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 elleThermo | Growth | — | Aug 2026 |
 Kyoto Fusioneering ltd. | Series D | — | Aug 2026 |
 Bitkey Inc. | Growth | — | Aug 2026 |
| Bitkey Inc. | Unknown | — | Jul 2026 |
 Magic Shields | Series B | — | Apr 2026 |
| Magic Shields | Growth | — | Apr 2026 |
 TeraWatt Technology | Series C | — | Apr 2026 |
 Sharing Energy | Series C | — | Jan 2026 |
 Alloy Therapeutics | Series E | $40M | Jan 2026 |
| RRestore Vision Inc. | Series A | — | Jan 2026 |
| KKumonos | Unknown | — | Jan 2026 |
 Tailor | Series A | $22M | Nov 2025 |
 Ivry | Series D | — | Nov 2025 |
 CraftBank Inc. | Unknown | — | Oct 2025 |
| CCraft Bank | Series A | — | Oct 2025 |
| AArrowsmith Inc. | Growth | — | Aug 2025 |
| TeraWatt Technology | Series C | — | Jul 2025 |
| Tailor | Series A | $22M | Jun 2025 |
| DDIGGLE Inc. | Series B | — | Jun 2025 |
| AArrowsmith Inc. | Growth | — | Jun 2025 |
 KAKEHASHI | Series D | — | Jun 2025 |
 Boston Medical Sciences | Series A | — | Feb 2025 |
 ArkEdge Space | Series B | — | Feb 2025 |
 Alivexis, Inc. | Series D | — | Jan 2025 |
| Alivexis, Inc. | Series D | $5.1M | Jan 2025 |
Page 1 of 5
Top Co-Investors
JAFCO Group Co., Ltd.20 shared
SMBC Venture Capital19 shared
Mizuho Capital15 shared
Mitsubishi UFJ Financial Group, Inc.12 shared
Global Brain Corporation11 shared
Incubate Fund9 shared
ANRI8 shared
Globis Capital Partners7 shared
Gaingels7 shared
Founders Fund7 shared
JAPAN POST CAPITAL Co., Ltd.6 shared
Z Venture Capital6 shared
Salesforce Ventures6 shared
Astellas Venture Management5 shared
Mizuho Bank5 shared
8VC5 shared
Thiel Capital5 shared
Alexandria Venture Investments5 shared
Echo5 shared
Last updated: 7 October 2026