Z Venture Capital (ZVC) is the corporate venture capital arm of LY Corporation, formed in 2021 through the merger of YJ Capital and LINE Ventures. It invests across all stages in AI, fintech, deep tech, media, commerce, and robotics, with offices in Tokyo, Seoul, and San Francisco.
Deal activity increased 300% year-over-year (4 deals in the last 12 months). Average disclosed round size is $21.6M (across 37 rounds with reported amounts).
Portfolio
55
Fund Size
$193.5M
Top Stage
Series A
Last 12 Mo
4
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
65 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 PvX Partners | Series A | $10.5M | Jul 2026 |
 AB180 | Series C | $15M | Jul 2026 |
 LinqAlpha | Series A | $22M | Jul 2026 |
 RLWRLD Inc. | Seed | $26M | Feb 2026 |
| AB180 | Series C | $15M | Jan 2026 |
| PvX Partners | Series A | $10.5M | Jan 2026 |
| CCommmune Inc. | Growth | — | Sep 2025 |
 Habit factory | Series D | — | Jan 2025 |
 Turing | Unknown | $111M | Jan 2025 |
 KIDENTIFY CORP. | Series A | $45M | Jun 2024 |
| Kk-ID | Series A | $45M | Jun 2024 |
| TTechTaka | Series B | $9.5M | Feb 2024 |
 ticketme | Unknown | — | Jan 2024 |
 Linc Inc. | Unknown | — | Jan 2024 |
| UUtaite Co Ltd | Unknown | — | Oct 2023 |
 Baseconnect Inc | Unknown | — | Feb 2023 |
| CCOUNTERWORKS Inc. | Unknown | — | Jan 2023 |
 Baseconnect | Series B | — | Jan 2023 |
| AAkros Technologies | Series A | $2.3M | Dec 2022 |
 Akros | Series A | $2.3M | Dec 2022 |
 AKROS TECHNOLOGIES, INC. | Seed | $2.3M | Dec 2022 |
 smartbank | Series A | $20M | Jul 2022 |
 zeals | Series E | $38.8M | May 2022 |
 ZEALS | Series E | $27.1M | May 2022 |
| Akros | Series B | $3.8M | Mar 2022 |
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Top Co-Investors
JAFCO Group Co., Ltd.10 shared
Salesforce Ventures8 shared
JAPAN POST CAPITAL Co., Ltd.6 shared
JIC Venture Growth Investments6 shared
Salesforce5 shared
Global Brain Corporation5 shared
Hustle Fund4 shared
ANRI4 shared
North Base Media3 shared
XYZ Venture Capital3 shared
Lightspeed Venture Partners3 shared
Digital Currency Group3 shared
Mizuho Capital3 shared
Atinum Investment3 shared
Industrial Bank of Korea3 shared
PeopleFund3 shared
Konvoy2 shared
TIRTA Ventures2 shared
Okta Ventures2 shared
Last updated: 20 October 2026