About Japan Energy Fund
Japan Energy Fund, established in 2020, is a social impact fund primarily based in Chiyoda City, Japan. It primarily finances Series C rounds for companies based in Canada. Its portfolio includes 2 firms, spanning the High Tech, Environment Tech sectors.
Its latest investment was a $44M Series C round in GHGSat on Sep 07, 2023, which also saw participation from Fonds de solidarite FTQ and BDC.
Key Metrics
Founded Year
2020
Location
Chiyoda City, Japan
Sectors of Investment
Stages of Investment
Series B & Series C
Locations of Investment
Japan Energy Fund's List of All Investments
Japan Energy Fund has a portfolio of 2 companies. Their most notable investmentis in GHGSatTheir portfolio spans across Canada and United Kingdom. They have invested in High Tech, Environment Tech, Energy Tech and 3 other sectors, across stages such as Series B, Series C stages. Here is the list of all investments by Japan Energy Fund:1. GHGSat
Provider of satellite-based imaging services to monitor greenhouse gas emissions. It provides users with a platform for collecting greenhouse emission data from industries. It has launched satellites that orbit the earth, measures the amount of light absorbed in specific wavelengths of light in spectroscopy, and measures gas leaks. It offers sensor-based solutions via aircraft, and the absorption of light is used to measure the concentration of gases in a specific area. It uses proprietary algorithms for predicting emission rates and detecting leakages and emission patterns.
Key facts about GHGSat
- Founded Year: 2011
- Location: Montreal (Canada)
- Stage: Series C
- Total Funding till date: $179M
- Employee Count: 293 as on Aug 31, 2026
- Investors: National Bank of Canada, BMO and 14 Others
- Latest Funding Round: Series C, Sep 16, 2025, $*****
- Highlight: Editors' Pick

2. Piclo
Operator of a digital marketplace for trading energy flexibility services. This platform connects entities that possess flexible power assets with grid operators requiring capacity management. Participants utilize the system to procure, operate, and settle services related to electricity grid constraints. The infrastructure facilitates the exchange of capacity to balance supply and demand across electrical networks.
Key facts about Piclo
- Founded Year: 2013
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $16.7M
- Employee Count: 26 as on Aug 31, 2026
- Investors: Future Energy Ventures, Toshiba Corporation and 5 Others
- Latest Funding Round: Series B, Mar 22, 2023, $*****
Japan Energy Fund's Year-on-Year Investment Trends
Japan Energy Fund has invested in GHGSat and Piclo in 2023. Its most recent first time investment was in GHGSat.Japan Energy Fund's Investments by Stage
Japan Energy Fund has made 1 investment in Series B stage with an average round size of $10.2M and 1 investment in Series C stage with an average round size of $44M.Japan Energy Fund's Investments by Sector
Japan Energy Fund has a diverse portfolio, with companies operating in the Energy Tech, Environment Tech, Sustainability Tech, Aerospace, Maritime and Defense Tech and Consumer. Notably, it has invested in 2 Enterprise (B2B) companies, 2 Tech companies, 1 Marketplace company and at least 1 company focusing on Saas.Sector | No. of Investments |
|---|---|
Energy Tech | 2 |
Environment Tech | 2 |
Sustainability Tech | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Consumer | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Japan Energy Fund's Investments by Geography
Japan Energy Fund has made most investments in Canada (1), followed by United Kingdom where it has made 1 investment.Japan Energy Fund's recent investments
Japan Energy Fund has not made any investment in 2026 so far.Here are the most recent investments by Japan Energy Fund:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 07, 2023 | Canada | Series C | 4766 | ||
Mar 22, 2023 | United Kingdom | Series B | 5862 |
Team profile of Japan Energy Fund
Japan Energy Fund has a team of 2 members. Japan Energy Fund's team does not sit on the board of any company as of now.Co-investors of Japan Energy Fund
Over the past 3 years, 18 investors have co-invested in Japan Energy Fund's portfolio companies. This includes only funds.
- Invested before Japan Energy Fund: Fonds de solidarite FTQ, BDC and 8 others have invested in rounds before Japan Energy Fund. There is 1 company where Fonds de solidarite FTQ has invested before Japan Energy Fund and 1 company where BDC has invested before Japan Energy Fund.
- Top Co-investors of Japan Energy Fund: 5 investors entered a company along with Japan Energy Fund. These include investors like Climate Investment (1 company).
- Invested after Japan Energy Fund: A total of 3 investors have invested in Japan Energy Fund's portfolio after their investments. Top Investors include Yaletown (1 company) and Export Development Canada (1 company).
Recent News related to Japan Energy Fund
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London-based Piclo raises €9.4M to help accelerate grid decarbonisationSilicon Canals•Mar 22, 2023•Piclo, Future Energy Ventures, Clean Growth Fund, Green Angel Syndicate and 3 others
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Chevron leads investments in Svante’s carbon capture technologyOffshore Energy•Dec 16, 2022•Chevron, Svante, TechEnergy Ventures, Temasek and 14 others
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ZincFive Raises $54M in Series D FinancingFinSMEs•Dec 06, 2022•ZincFive, Helios Climate Ventures, Senator Investment Group, Standard Industries and 5 others
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WiTricity Closes New Funding Spherical with $63 Million Fundinginvestidollar.com•Aug 09, 2022•WiTricity, Vitalitycapital, StageOne Ventures, Delta Electronics and 4 others
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OhmConnect Raises $55M in Series D FundingFinSMEs•Jun 10, 2022•OhmConnect, ClearSky, Sidewalk Infrastructure Partners, Telus and 10 others
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Fresh capital to accelerate Akselos' global growthStartupticker•May 10, 2022•Akselos, AT Capital, Future Energy Ventures, Japan Energy Fund and 2 others
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Leap Secures Strategic Funding From Japan Energy Fund, Positioning Company For International ExpansionBusiness Wire•Dec 02, 2021•Leap, Japan Energy Fund, ENECHANGE
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Aramco is in advanced talks on up to $25bn Reliance dealGulf Business•Aug 17, 2021•Aramco, Reliance Industries, Ambri, Paulson & Co and 4 others