Investors / Japan / Inclusion Japan
Inclusion Japan
Venture capital · Tokyo, Japan · Asia Pacific
Inclusion Japan is a venture capital firm that operates venture capital funds, including its ICJ No. 2 Fund. It also runs a dedicated search fund investment fund, the ICJ No. 1 Fund of Search Funds, which it describes as Japan's first VC fund dedicated to search fund investing.
Invests inAI & Machine Learning
In its own wordssearch fundventure capitalstartupssustainabilityspaceai
Your fit with Inclusion Japan
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsInclusion Japan lists 19 checked portfolio companies on its own site and is named in 2 funding rounds. Its most frequent entry is Series A, 100% of the companies with a known first round. Its largest themes are AI & Machine Learning (22%), Industrial & Manufacturing (15%) and Healthcare & Biotech (15%). 71% of its companies are based in Japan. It invests most often alongside UTokyo Innovation Platform, British International Investment and Global Brain.
Counts come from funding rounds that name Inclusion Japan, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Inclusion Japan's whole history. Rounds on record name 2 companies; its own site lists 19. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 0% |
| Series A | 100% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 2 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 46th | 18 companies |
| Recent activity | 69th | 2 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 65th | 6% of companies confirmed by a round |
| Sector focus | 25th | 22% in its largest sector |
| Reach | 58th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 22% | 18% |
| Industrial & Manufacturing | 15% | 7% |
| Healthcare & Biotech | 15% | 15% |
| Fintech | 11% | 12% |
| Mobility & Logistics | 7% | 1% |
| Space & Defense | 7% | 3% |
| Legal & Compliance | 4% | 2% |
| Education | 4% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| UTokyo Innovation Platform | 3 |
| British International Investment | 2 |
| Global Brain | 2 |
| One Capital | 2 |
| 15th Rock | 1 |
| ANOBAKA | 1 |
| Beta Venture Capital | 1 |
| CARTA VENTURES | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers1895%
- No longer answers00%
- Points to another company15%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with UTokyo Innovation Platform
Compare Inclusion Japan head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Inclusion Japan| Date | Company | Stage |
|---|---|---|
| 28 Apr 2026 | Series A | |
| 4 Feb 2026 | Series A |
Round details for Inclusion Japan
Amounts, full round histories and every co-investor in Inclusion Japan's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
19 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
Industrial & ManufacturingIndustrial & Manufacturing | Portfolio page | |||
| AstroX develops small rockets for satellite launch and other space-related activities. | AI & Machine LearningAI & Machine Learning | Feb 2026Series A | Page + round | |
| Clara Group promotes digital transformation through two businesses: DX support and mobility | Mobility & LogisticsIndustrial & Manufacturing | Portfolio page | ||
| Degas is a technology company that combines farmer finance and geospatial AI to improve lives and build resilience at scale. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| The company designs electric motorcycles and builds battery swapping networks | Mobility & LogisticsE-commerce & Marketplaces | Portfolio page | ||
| Dodai sells electric bikes and offers battery swapping services in Ethiopia. | Mobility & LogisticsSpace & Defense | Apr 2026Series A | Funding round | |
| Frich creates a new safety net by utilizing technology to complement traditional insurance. | FintechHealthcare & Biotech | Portfolio page | ||
| Gebeya makes AI solutions for African businesses and provides platforms for creativity and workforce intelligence | AI & Machine LearningEducation | Portfolio page | ||
| GoodayOn brings trusted home service professionals, including cooks, cleaners, and babysitters, to customers' doors. | Consumer | Portfolio page | ||
| Portfolio page | ||||
| Impact Circle provides impact finance and impact visualization services | Fintech | Portfolio page | ||
| Instalimb, Inc. manufactures and provides prosthetics and orthotics using 3D printing and AI technology | Healthcare & Biotech | Portfolio page | ||
| JCCL develops and implements CO₂ recovery and recycling technology | Industrial & Manufacturing | Portfolio page | ||
| The company develops and sells products to prevent falls and fractures, particularly for the elderly. | Healthcare & Biotech | Portfolio page | ||
| The company provides support services for home medical institutions, including on-call support and doctor introduction services. | Healthcare & Biotech | Portfolio page | ||
| The company sells cookies and other baked goods online. | Food & Agriculture | Portfolio page | ||
| The company provides documentation AI BPO services, utilizing expertise in language and generation AI to solve marketing challenges for businesses. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Yoii Inc. provides revenue-based financing for startups and small businesses, allowing them to raise funds quickly and easily based on their future sales. | FintechLegal & Compliance | Portfolio page | ||
| Zeroboard provides cloud solutions for collecting, managing, and reporting ESG-related data and evaluating suppliers | Space & DefenseIndustrial & Manufacturing | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- inclusionjapan.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 4 Feb 2026
- Companies checked
- 19
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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