How many total SaaS companies are there in Tokyo?

As of November 2026, Tokyo has 495 active SaaS companies.

How many SaaS companies in Tokyo are funded?

As of November 2026, 190 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 $1.54B 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 November 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 11 acquisitions and 24 IPOs.

How many SaaS unicorns are there in Tokyo?

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

List of 540 SaaS Startups in Tokyo, Japan & Market Trends (Nov 2026)

The SaaS sector in Tokyo, Japan comprises 540 companies, including 190 funded companies having collectively raised $1.54B in venture capital money and private equity. Out of these, 95 are Series A+ funded, and 1 has achieved unicorn status.

SaaS sector in Tokyo, Japan has seen 11 acquisitions and 24 IPOs. This represents almost 6.5% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.

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

SaaS sector is also known as SaaS Solutions, Advanced SaaS or Digital SaaS.

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

540

Top Companies

Sansan, Soracom & more

Total Funding

$1.54B

Funded Companies

190

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

Also known as

SaaS Solutions or Advanced SaaS

View complete details of this sector

There are 540 SaaS startups in Tokyo, Japan which include Sansan, Soracom, Yokogawa, freee, Notta. Out of these, 190 startups are funded, with 95 having secured Series A+ funding, and 1 achieving unicorn status.

2026 has seen the creation of 6 SaaS startups in Tokyo, Japan. Over the past 10 years, an average of 23 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Keio University, The University of Tokyo and University of Cambridge.

1. Sansan

Business card management software for enterprises. It offers a cloud-based card management software for enterprises. Employees can upload and scan cards, the company then uses OCR technology and human transcription to digitize them. Digital cards can be then accessed by everyone in the company and the data can also be exported in a .csv format. Users can search for cards in the database and add tags.

Key facts about Sansan

Founded Year: 2007
Location: Tokyo (Japan)
Stage: Public
Total Funding till date: $118M
Investors: DCM Ventures, T. Rowe Price and 13 Others
Latest Funding Round: Series E, Dec 06, 2018, $*****
Tracxn Score: 73/100 What is this?
Competitors Rank: 1 of 244 Competitors

2. Soracom

Provider of IoT connectivity solutions and platform services for device management. It offers tools for data transmission, security, and remote device access. The platform supports various network services, including private networks and gateways. It provides resources such as documentation, webinars, and guides for developers.

Key facts about Soracom

Founded Year: 2014
Location: Tokyo (Japan)
Stage: Public
Total Funding till date: $11.4M
Investors: World Innovation Lab, Pavilion Capital Partners and 9 Others
Latest Funding Round: Post IPO, Mar 26, 2024, $*****
Tracxn Score: 69/100 What is this?
Competitors Rank: 3 of 260 Competitors

View full list of companies in this sector

3. Yokogawa

Provider of software solutions. We offer a comprehensive suite of software tools designed to streamline business operations and enhance productivity for organizations across various industries. Our platform integrates seamlessly with existing workflows to provide real-time data analytics, automated reporting, and secure cloud-based management features.

Key facts about Yokogawa

Founded Year: 1915
Location: Tokyo (Japan)
Stage: Public
Investors: Identity Partners, Fujitsu and 1 Other
Latest Funding Round: Grant (prize money), Jan 01, 2014, $*****
Tracxn Score: 66/100 What is this?
Competitors Rank: 13 of 3,940 Competitors

4. freee

Provider of cloud-based accounting, human resources, and related business management software. The company delivers integrated platforms for accounting, payroll, tax filing, and other back-office operations. It offers solutions for businesses and individuals, including tools for expense management, invoicing, and regulatory compliance. The company aims to streamline administrative tasks and improve business insights.

Key facts about freee

Founded Year: 2012
Location: Tokyo (Japan)
Stage: Public
Total Funding till date: $143M
Investors: DCM Ventures, Recruit Group and 13 Others
Latest Funding Round: Series E, Aug 07, 2018, $*****
Tracxn Score: 66/100 What is this?
Competitors Rank: 18 of 3,905 Competitors

5. Notta

AI-powered transcription and meeting notetaker platform. The platform transcribes audio and video recordings, face-to-face meetings, and presentation demos in real-time. It offers transcription, speaker identification, and integration with video conferencing platforms.

Key facts about Notta

Founded Year: 2020
Location: Tokyo (Japan)
Stage: Series B
Total Funding till date: $31.8M
Investors: Linear Venture, GSR Ventures and 6 Others
Latest Funding Round: Series B, Dec 09, 2025, $*****
Tracxn Score: 65/100 What is this?
Competitors Rank: 1 of 52 Competitors

Access the full list of 540 SaaS Startups in Tokyo, Japan

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

6 new startups have been founded so far in 2026 in the SaaS sector in Tokyo. 31 SaaS startups in Tokyo were founded in 2019 - 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	6
2025	25
2024	21
2023	26
2022	25
2021	24
2020	30
2019	31
2018	26
2017	22

Stage-wise distribution of SaaS sector companies in Tokyo

Out of the total 540 SaaS companies in Tokyo, 190 have secured funding. Among them, 95 have reached Series A or higher, and 62 to Series B or beyond.

Founded - 540

Funded - 190

Series A+ - 95

Series B+ - 62

Series C+ - 50

Company Stage	No. of companies
Founded	540
Funded	190
Series A+	95
Series B+	62
Series C+	50

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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 $1.34B in the last 10 years. The most amount of funding was in 2025 at more than $246M. There has been a total funding of $153M in 2026 till date.

Total Funding

Year	Total Funding
2026	$153M
2025	$246M
2024	$211M
2023	$94.4M
2022	$91.9M
2021	$170M
2020	$67.8M
2019	$122M
2018	$116M
2017	$67.2M

Recent Funding Rounds in SaaS in Tokyo

In the year 2026, till October 2026, SaaS companies in Tokyo have raised $135M in equity funding across 32 rounds. In the same period last year (i.e. till October 2025), SaaS companies in Tokyo had raised $212M across 25 rounds. So, 2026 has seen a 36.54% drop in funding in SaaS companies in Tokyo as compared to 2025.

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

Company	Round Raised	Amount Raised	Funding Date	Investors
Acimus	Seed	8145	Oct 14, 2026	Link Capital and 2 more
Yoom	Series A	7094	Sep 15, 2026	Dual Bridge Capital and 4 more
Caper	Seed	6383	Aug 27, 2026	PKSHA Technology
SportsTech Japan	Seed	6634	Aug 24, 2026	-
Asuene	Series D	4906	Jul 23, 2026	Decarbonization Partners and 8 more

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, UPWARD and Asuene
Headline	San Francisco (United States)	Soracom, freee, Tokenz and Things
DCM Ventures	Menlo Park (United States)	Sansan, freee, https://m2xsoftware.com and Coubic
SoftBank Vision Fund	London (United Kingdom)	-

See a more detailed list of investors

In the year 2026, till May 2026, 3 acquisitions happened in SaaS sector in Tokyo. Last year, in 2025, 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
FieldX	Business Acquisition	May 29, 2026	B-EN-G
Ecpower	Business Acquisition	Mar 30, 2026	-
A Lab Japan	Business Acquisition	Feb 13, 2026	AVITA
Perpetuals	Business Acquisition	Dec 28, 2025	-
AI Picasso	Business Acquisition	Jun 16, 2025	Leader Electronics

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	3
2025	2
2024	1
2023	-
2022	-
2021	-
2020	1
2019	2
2018	1
2017	2

In the year 2026, till July 2026, 2 IPOs happened in SaaS sector in Tokyo.

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

Company	IPO Date	Exchange Symbol
TIER IV	Jul 22, 2026	Tokyo Stock Exchange (TYO)
Squeeze	Apr 22, 2026	Tokyo Stock Exchange (TYO)
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)

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 Keio University, The University of Tokyo and University of Cambridge.

College	No. of companies
Keio University	2
The University of Tokyo	2
University of Cambridge	2
Carnegie Mellon University	1
Columbia University	1
IMD Business School	1
Tohoku University	1
University of California (Los Angeles)	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, and University of Cambridge alumni are third.

College	Total Funding
IMD Business School	$17M
Carnegie Mellon University	$11.4M
University of Cambridge	$587K
Columbia University	-
Keio University	-
The University of Tokyo	-
Tohoku University	-
University of California (Los Angeles)	-