TB
Tokyo Black is an early-stage venture capital firm founded in 2020 by Keenan Rice, based in San Francisco, California. The firm made 80 investments across three funds before Rice joined K5 Global in 2023, after which the K5 Tokyo Black Fund I is managed by K5 Global.
Deal activity increased 50% year-over-year (3 deals in the last 12 months). Their most common stage is seed (52% of deals). Average disclosed round size is $9.7M (across 24 rounds with reported amounts).
Portfolio
22
Fund Size
—
Top Stage
Seed
Last 12 Mo
3
Team
KR
Keenan Rice
Investor
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
25 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 thoughtly | Seed | $5.5M | Apr 2026 |
 Kilocode | Seed | $8M | Dec 2025 |
 Kilo | Seed | $8M | Dec 2025 |
 Five One Four | Series A | $17M | Sep 2025 |
 Typedef | Seed | $5.5M | Jun 2025 |
| Typedef | Seed | $5.5M | Jan 2025 |
| HHex Technologies | Series A | $16M | Jan 2025 |
 Depot | Seed | $4.1M | Aug 2024 |
 Nagish | Series A | $11M | Jul 2024 |
 UserHub | Pre-Seed | $3.2M | Apr 2024 |
 Knock | Series A | $12M | Feb 2024 |
 Inventive | Seed | $6.5M | Jan 2024 |
 Gradient | Seed | $10M | Oct 2023 |
 Middleware | Seed | $6.5M | Aug 2023 |
 Middleware | Seed | — | Aug 2023 |
 Hex | Series A | $16M | Oct 2021 |
 MaestroQA | Series A | $25M | Sep 2021 |
 Charthop | Series A | $14M | Aug 2020 |
| Charthop | Series A | $14M | Jan 2020 |
 Surfboard | Seed | $5M | — |
 Unkey | Seed | $4.5M | — |
 Orchestra | Seed | $3.3M | — |
| RRoadway | Unknown | $3.2M | — |
 Knock | Series A | $12M | — |
| Nagish | Unknown | $16M | — |
Top Co-Investors
K5 Global6 shared
General Catalyst4 shared
Y Combinator3 shared
Craft Ventures3 shared
Afore Capital3 shared
Flybridge Capital Partners3 shared
Precursor Ventures3 shared
Contour Venture Partners3 shared
Expa2 shared
Operator Collective2 shared
Redpoint Ventures2 shared
Amplify Partners2 shared
XYZ Venture Capital2 shared
Decent Capital2 shared
8VC2 shared
Begin Capital2 shared
Gokul Rajaram2 shared
Fin Capital2 shared
Quiet Capital2 shared
Cota Capital2 shared
Last updated: 20 October 2026