Promoting solutions to policy issues by investing in private funds aligned to investment themes.
Investment themes
① Deep Tech
② Life Science
③ Growth
④ Industry-Academia
⑤ Carve-Out/Roll-Up
⑥ Open Innovation
⑦ Seed/Pre-Seed
⑧ Climate Tech
⑨ Secondary
⑩ Go Global
⑪ Engagement
PE
Reup
Overseas
2020
4 Funds
2nd
① Deep Tech
② Life Science
④ Industry-Academia
⑦ Seed/Pre-Seed
1st
② Life Science
⑥ Open Innovation
4th
① Deep Tech
⑦ Seed/Pre-Seed
2nd
① Deep Tech
④ Industry-Academia
⑦ Seed/Pre-Seed
2021
8 Funds
3rd
① Deep Tech
④ Industry-Academia
⑦ Seed/Pre-Seed
1st
PE
④ Industry-Academia
3rd
⑥ Open Innovation
3rd
⑥ Open Innovation
⑦ Seed/Pre-Seed
GREEN
1st
① Deep Tech
⑦ Seed/Pre-Seed
⑧ Climate Tech
3rd
③ Growth
⑥ Open Innovation
⑩ Go Global
1st
PE
⑤ Carve-Out/Roll-Up
2nd
① Deep Tech
④ Industry-Academia
2022
16 Funds
2nd
① Deep Tech
⑥ Open Innovation
Apricot Venture Fund
2nd
⑦ Seed/Pre-Seed
7th/7S
① Deep Tech
③ Growth
⑩ Go Global
5th
Reup
① Deep Tech
⑦ Seed/Pre-Seed
2nd
Reup
② Life Science
⑥ Open Innovation
4th/3rd Annex
① Deep Tech
③ Growth
1st
① Deep Tech
④ Industry-Academia
⑩ Go Global
5th
⑧ Climate Tech
1st
⑦ Seed/Pre-Seed
2nd
① Deep Tech
⑥ Open Innovation
3rd
① Deep Tech
⑥ Open Innovation
⑦ Seed/Pre-Seed
18/18VGE
Overseas
③ Growth
⑦ Seed/Pre-Seed
⑩ Go Global
1st
② Life Science
2023
10 Funds
5th
Overseas
⑥ Open Innovation
⑩ Go Global
3rd
Reup
① Deep Tech
④ Industry-Academia
⑦ Seed/Pre-Seed
1st
⑨ Secondary
3rd
① Deep Tech
④ Industry-Academia
1st
② Life Science
1st
⑦ Seed/Pre-Seed
Growth6/Venture 6th
Overseas
③ Growth
⑩ Go Global
1st
⑨ Secondary
3rd
② Life Science
2024
10 Funds
3rd
Reup
① Deep Tech
⑥ Open Innovation
5th (Cayman)
⑥ Open Innovation
⑩ Go Global
BOV II (Class A)
Overseas
⑩ Go Global
2nd (Growth Series)
⑥ Open Innovation
2nd
① Deep Tech
4th
① Deep Tech
④ Industry-Academia
1st
⑪ Engagement
1st
② Life Science
⑥ Open Innovation
⑦ Seed/Pre-Seed
3rd
Reup
② Life Science
⑥ Open Innovation
2nd
③ Growth
2025
5 Funds
3rd
⑦ Seed/Pre-Seed
4th
⑥ Open Innovation
⑦ Seed/Pre-Seed
2nd
⑨ Secondary
2nd
③ Growth
9th
① Deep Tech
⑩ Go Global
* Private funds to which JIC has committed investments, presented on a fiscal‑year basis as of the end of December 2025 * “Overseas” refers to investments made with the objective of attracting top-tier foreign VCs to Japan under the Go Global investment theme
Status of Capital Supply from JIC to VCs and startups
(As of the end of September 2025)
Number of JIC’s investments to VCs
Number of investments from investee VCs to startups
Amount of investment from investee VCs to startups
All investee VCs
50
1,233＊
236.3 billion yen
JIC VGI
3
105
135.2 billion yen
Private VCs
47
1,156＊
101.1 billion yen
All investee VC funds
Number of investments from JIC to VC
50
Number of investments from VC to SU
1,233＊
Investment amount from VC to SU
236.3 billion yen
Of which JIC VGI
Number of investments from JIC to VC
3
Number of investments from VC to SU
105
Investment amount from VC to SU
135.2 billion yen
Of these, private VC
Number of investments from JIC to VC
47
Number of investments from VC to SU
1,156＊
Investment amount from VC to SU
101.1 billion yen
* Overlapping VC investments in the same startup are counted as one.
