How many total SaaS companies are there in Tokyo?

As of January 2026, Tokyo has 313 active SaaS companies.

How many SaaS companies in Tokyo are funded?

As of January 2026, 142 companies have received funding in this sector.

What is the total funding raised by SaaS companies in Tokyo?

SaaS companies in Tokyo have collectively raised $1.25B in funding till date.

Who are the top investors in SaaS companies in Tokyo?

The top investors in SaaS companies in Tokyo by number of investments are Plug and Play Tech Center and Salesforce Ventures.

Which is the highest funded SaaS company in Tokyo?

As of January 2026, SmartHR has raised $328M in funding, highest among the funded SaaS companies in Tokyo.

How many exits have occurred in SaaS companies in Tokyo?

SaaS sector in Tokyo has seen 4 acquisitions and 18 IPOs.

How many SaaS unicorns are there in Tokyo?

Tokyo has produced one unicorn in the SaaS sector till date.

SaaS in Tokyo, Japan - 2026 Market & Investments Trends

The SaaS sector in Tokyo, Japan comprises 357 companies, including 142 funded companies having collectively raised $1.25B in venture capital money and private equity. Out of these, 73 are Series A+ funded, and 1 has achieved unicorn status.

SaaS sector in Tokyo, Japan has seen 4 acquisitions and 18 IPOs. This represents almost 6.2% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.

Companies included in SaaS

All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence, etc.

Companies excluded in SaaS

1. All On-premise B2B software are excluded. 2. All companies that do not offer their own proprietary software are excluded. 3. Services and Consulting firms are also excluded. 4. Resellers are also excluded.

Key Metrics

Total Companies

357

Top Companies

Sansan, Soracom & more

Total Funding

$1.25B

Funded Companies

142

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

View complete details of this sector

There are more than 357 companies in SaaS in Tokyo, Japan. Sansan is the top SaaS company in Tokyo, Japan, ranked using Tracxn Score (what's this?).

Here are 5 of the top SaaS companies in Tokyo, Japan:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Sansan	Business card management software for enterprises	Tokyo (Japan)	2007	Public	$118M
Soracom	Provider of IoT connectivity solutions and platform services for device management	Tokyo (Japan)	2014	Public	$11.4M
Ubitus	Cloud computing and gaming solution provider for multiplayer games	Tokyo (Japan)	2007	Series D	$17M
freee	Cloud-based accounting & ERP management software for businesses	Tokyo (Japan)	2012	Public	$143M
RevComm	AI-based sales analytics solutions for businesses	Tokyo (Japan)	2017	Series A	$16.7M

Get a longer list of companies

Companies founded year-on-year in the SaaS sector in Tokyo

28 SaaS startups in Tokyo were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	6
2024	10
2023	14
2022	13
2021	18
2020	28
2019	24
2018	15
2017	16

Stage-wise distribution of SaaS sector companies in Tokyo

Out of the total 357 SaaS companies in Tokyo, 142 have secured funding. Among them, 73 have reached Series A or higher, and 45 to Series B or beyond.

Founded - 357

Funded - 142

Series A+ - 73

Series B+ - 45

Series C+ - 35

Company Stage	No. of companies
Founded	357
Funded	142
Series A+	73
Series B+	45
Series C+	35

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Total funding year-on-year in the SaaS sector in Tokyo

The SaaS sector in Tokyo saw a total funding of more than $1.12B in the last 10 years. The most amount of funding was in 2025 at more than $239M.

Total Funding

Year	Total Funding
2025	$239M
2024	$175M
2023	$86.3M
2022	$56.8M
2021	$126M
2020	$64.7M
2019	$119M
2018	$113M
2017	$69.7M

Recent Funding Rounds in SaaS in Tokyo

In the year 2025, till December 2025, SaaS companies in Tokyo have raised $239M in equity funding across 24 rounds. In the same period last year (i.e. till December 2024), SaaS companies in Tokyo had raised $175M across 16 rounds. So, 2025 has seen a 36.9% rise in funding in SaaS companies in Tokyo as compared to 2024.

Here are some recent, important funding rounds in SaaS companies in Tokyo:

Company	Round Raised	Amount Raised	Funding Date	Investors
Recho	Series A	9934	Dec 10, 2025	SBI Investment
Notta	Series B	5830	Dec 09, 2025	Granite Asia
Tailor	Series A	3004	Nov 21, 2025	i-nest capital and 5 more
Conclue	Seed	9201	Nov 14, 2025	One Capital and 1 more
UPWARD	Series C	2419	Nov 05, 2025	-

See a more detailed list of funding rounds

Plug and Play Tech Center is the top investor in SaaS companies in Tokyo based on number of companies invested.

Here are some top investors in SaaS companies in Tokyo:

Investor	Location	Top Portfolio Companies
Plug and Play Tech Center	Sunnyvale (United States)	-
Salesforce Ventures	San Francisco (United States)	Sansan, freee, RevComm and UPWARD
Headline	San Francisco (United States)	Soracom, freee and Smart Education
DCM Ventures	Menlo Park (United States)	Sansan, freee, Coubic and M2X
East Ventures	Tokyo (Japan)	SmartHR, Cluster, User Local and Liaro

See a more detailed list of investors

In the year 2020, till August 2020, 1 acquisition happened in SaaS sector in Tokyo. Last year, in 2019, a total of 2 acquisitions happened in SaaS sector in Tokyo.

Here are some recent, important acquisitions in SaaS sector in Tokyo:

Company	Acquisition Type	Acquisition Date	Acquirers
Coubic	Business Acquisition	Aug 04, 2020	Hay Corporation
Emotion Intelligence	Business Acquisition	Oct 16, 2019	Appier Technologies
Force Operation X	Acqui-Hired	Oct 10, 2019	Adjust
Soracom	Business Acquisition	Aug 02, 2017	KDDI
Workcloud	Business Acquisition	Feb 14, 2017	Ascender

See a more detailed list of acquisitions

Acquisition trends in SaaS sector in Tokyo

Here are the acquisition trends in SaaS sector in Tokyo:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	-
2023	-
2022	-
2021	-
2020	1
2019	2
2018	-
2017	2

In the year 2024, till December 2024, 4 IPOs happened in SaaS sector in Tokyo.

Here are some recent, important IPOs in SaaS sector in Tokyo:

Company	IPO Date	Exchange Symbol
GVA TECH	Dec 26, 2024	Tokyo Stock Exchange (TSE)
Hmcomm	Oct 28, 2024	Tokyo Stock Exchange (TSE)
Caulis	Mar 28, 2024	Tokyo Stock Exchange (TSE)
Soracom	Mar 26, 2024	Tokyo Stock Exchange (TSE)
Porters	Sep 29, 2022	Tokyo Stock Exchange (TSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the SaaS in Tokyo

Most number of SaaS startups in Tokyo have been founded by alumni from The University of Tokyo, Carnegie Mellon University and Cornell University.

College	No. of companies
The University of Tokyo	2
Carnegie Mellon University	1
Cornell University	1
IMD Business School	1
University of California (Los Angeles)	1
University of Cambridge	1

Total funding in SaaS companies founded by alumni from top colleges in Tokyo

In the last 10 years, IMD Business School graduates' SaaS companies in Tokyo have raised the most funding among top colleges. Carnegie Mellon University alumni are second.

College	Total Funding
IMD Business School	$17M
Carnegie Mellon University	$11.4M
Cornell University	-
The University of Tokyo	-
University of California (Los Angeles)	-
University of Cambridge	-