About B Dash Ventures
B Dash Ventures is a venture capital firm founded in 2011. It is primarily based out of Minato City, Japan. As of Jul 2026, B Dash Ventures is an active investor, having invested in 56 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Japan based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and High Tech. Most recently it participated in the $***** Venture Debt round of Spike Studio Overall, B Dash Ventures portfolio has seen 3 IPOs and 7 acquisitions including key companies like Liquid, Gumi and Orowealth. A lot of funds co-invest with B Dash Ventures, with names like East Ventures sharing a substantial percentage of its portfolio. B Dash Ventures has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 6 more
Portfolio Soonicorns
Deals in last 12 months
B Dash Ventures' List of Top Investments
B Dash Ventures has a portfolio of 56 companies. Their most notable investments are in Aoyama Art and C Channel.Their portfolio spans across Japan, Taiwan, India and 3 more locations. They have invested in Consumer, Enterprise Applications, High Tech and 19 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by B Dash Ventures:1. Liquid
Liquid provides an online exchange platform for digital assets. Offers crypto-to-crypto, fiat-to-crypto, and crypto-to-fiat exchange service. It supports various cryptocurrency pairs such as Bitcoin, Ethereum, Litecoin, etc. It also offers financial services and cryptocurrency liquidity. It features an app-based platform that is available for both Android and IOS devices.
Key facts about Liquid
- Founded Year: 2014
- Location: Japan
- Annual Revenue: SGD 10M - 50M as on Mar 31, 2019
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $20M
- Employee Count: 13 as on Sep 30, 2026
- Investors: Mistletoe, BITMAIN and 14 Others
- Latest Funding Round: Conventional Debt, 2021, $*****
- Highlight: Acquired
2. InCred Money
Platform for investing in unlisted shares, fixed deposits, and bonds. It facilitates investments in alternative assets such as unlisted equities, fixed-income products, and bonds. It focuses on offering access to investment opportunities with varied ticket sizes. It aims to provide a way for individuals to diversify its investment portfolios through these alternative investment options.
Key facts about InCred Money
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $32.4M
- Employee Count: 42 as on May 31, 2025
- Investors: General Atlantic, RRA Media & Entertainment and 57 Others
- Latest Funding Round: Series B, Sep 16, 2025, $*****
3. Gumi
Developer of mobile online games and blockchain technology solutions. The company creates various content and services using blockchain and XR technologies. It focuses on delivering new experiences through its offerings. The company participates in node operations and explores blockchain interoperability.
Key facts about Gumi
- Founded Year: 2007
- Location: Tokyo (Japan)
- Stage: Public
- Total Funding till date: $94M
- Employee Count: 153 as on Sep 30, 2026
- Investors: Icon Ventures, World Innovation Lab and 19 Others
- Latest Funding Round: Post IPO, Jun 04, 2018, $*****
- Highlight: Public
4. e27
Online platform publishing content focusing on startups. It offers news on startups, innovations, investors, technology, events, SaaS, venture capital firms, e-commerce firms, and more. It serves as a hub for entrepreneurs, investors, and tech enthusiasts, offering a wide range of resources and insights into the regions rapidly evolving startup landscape.
Key facts about e27
- Founded Year: 2007
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2023
- Stage: Series A
- Total Funding till date: $3.46M
- Employee Count: 56 as on Sep 30, 2026
- Investors: Convergence Ventures, Pinehurst Advisors and 19 Others
- Latest Funding Round: Series A, Jul 20, 2016, $*****
5. Funds
Funds is a P2P platform for business loans. It enables businesses to access loans from multiple individual & institutional investors. Loans are transferred and calculated on the basis of credit risk assessments.
Key facts about Funds
- Founded Year: 2005
- Location: Shibuya (Japan)
- Stage: Series E
- Total Funding till date: $69.1M
- Employee Count: 56 as on Sep 30, 2026
- Investors: Japan Airlines, Hanwha and 21 Others
- Latest Funding Round: Series E, May 26, 2026, $*****
B Dash Ventures' Year-on-Year Investment Trends
B Dash Ventures has invested in 56 companies over the last 14 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Jul 2026, it has made 7 investments in this year. Its most recent first time investment was in Spike Studio and most recent follow-on round was in Spike Studio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 2 | 7 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 8 | 1 | 9 |
2022 | 6 | 0 | 6 |
2021 | 0 | 1 | 1 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 2 | 0 | 2 |
2017 | 1 | 0 | 1 |
B Dash Ventures' Investments by Stage
B Dash Ventures has made 27 investments in Seed stage with an average round size of $1.75M, 13 investments in Series A stage with an average round size of $7.14M and 2 investments in Series B stage with an average round size of $17.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 27 |
Series A | 13 |
Series B | 2 |
Series C | 1 |
Series D | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
B Dash Ventures' Investments by Sector
B Dash Ventures has a diverse portfolio, with companies operating in the Consumer, High Tech, Media & Entertainment, Retail and Blockchain Technology. Notably, it has invested in 38 Tech companies, 30 Consumer (B2C) companies, 18 Enterprise (B2B) companies and at least 15 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 10 |
High Tech | 8 |
Media & Entertainment | 8 |
Retail | 7 |
Blockchain Technology | 6 |
Others | 43 |
Note: We have considered here, only first round of investments
B Dash Ventures' Investments by Geography
B Dash Ventures has made most investments in Japan (38), followed by Taiwan where it has made 3 investments.Country | No. of Investments |
|---|---|
Japan | 38 |
Taiwan | 3 |
India | 2 |
Switzerland | 2 |
Singapore | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
B Dash Ventures' recent investments
B Dash Ventures has made 7 investments in 2026 so far. Spike Studio and Spike Studio are the latest among them.Here are the most recent investments by B Dash Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 01, 2026 | Japan | Venture Debt | 9789 | [+1] | |
Jul 01, 2026 | Japan | Seed | 6295 | [+1] | |
Jul 01, 2026 | Japan | Conventional Debt | 9268 | [+1] | |
May 12, 2026 | Japan | Series A | 9765 | [+2] | |
Mar 11, 2026 | Japan | Series A | 9872 | [+9] |
IPOs and Publicly Listed companies in B Dash Ventures' Portfolio
3 of B Dash Ventures' portfolio companies have become public. C Channel got listed on the Tokyo Stock Exchange (TSE), in May 2020 and Mynet got listed on the Tokyo Stock Exchange (TSE) at marketcap of undefined.Here are B Dash Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 25, 2020 | Apr 09, 2015 | Series A | 1148 | |
Dec 21, 2015 | May 02, 2015 | Series A | 4375 | |
Dec 18, 2014 | Dec 26, 2013 | Series G | 5619 |
Acquired companies in B Dash Ventures' Portfolio
7 companies from B Dash Ventures' portfolio have been acquired. The most recent acquisition was Liquid in Jul 2024 by bitFlyer for $*****.Here are B Dash Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 26, 2024 | Jun 27, 2016 | Series B | 7762 | |
Jan 02, 2023 | May 29, 2018 | Series A | 4994 | |
Oct 13, 2016 | - | - | 1524 | |
Jun 07, 2016 | Mar 03, 2015 | Series A | 4054 | |
Sep 01, 2015 | Jan 20, 2015 | Seed | 4531 |
Team profile of B Dash Ventures
B Dash Ventures has a team of 3 members including 2 Partners and 1 Principal located in Japan. B Dash Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in B Dash Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Japan | - | - | |
Partner | Tokyo | - | ||
Principal | Tokyo | - | - |
Co-investors of B Dash Ventures
Over the past 14 years, 344 investors have co-invested in B Dash Ventures's portfolio companies. This includes funds and angels.
- Invested before B Dash Ventures: Incubate Fund, Powerhouse Ventures and 88 others have invested in rounds before B Dash Ventures. There are 5 companies where Incubate Fund has invested before B Dash Ventures and 2 companies where Powerhouse Ventures has invested before B Dash Ventures.
- Top Co-investors of B Dash Ventures: 161 investors entered a company along with B Dash Ventures. These include investors like East Ventures (6 companies).
- Invested after B Dash Ventures: A total of 93 investors have invested in B Dash Ventures's portfolio after their investments. Top Investors include Mitsubishi UFJ Capital (3 companies), D4V (3 companies) and SMBC Venture Capital (2 companies).
Recent News related to B Dash Ventures
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Interstellar Technologies raises 20.1 billion yen to develop the "ZERO" small satellite launch rocketSogyo Techo•Jan 16, 2026•Interstellar, SBI Group, Nomura Real Estate Development, B Dash Ventures and 6 others
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Manpuku Holdings raises approximately 3.5 billion yen in Series C final roundStartup Log•Jan 15, 2026•Manpuku Holdings, Rakuten Capital, B Dash Ventures
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Qlay Technologies Raises $1.4M in Pre-Seed Round for AI HR SolutionsStartup Log•Aug 05, 2025•Qlay Technologies, New Commerce Ventures, B Dash Ventures, Nissay Capital
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Taxi and ride-sharing service operator newmo Inc. raises JPY 6.3 billion in additional Series A fundingStartup Log•Oct 31, 2024•Newmo, ANRI, Axiom Asia, B Dash Ventures and 23 others
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Yosemite raises $3.1 million to expand AI-driven original goods production and sales platformTHE BRIDGE•Oct 03, 2024•Yosemite, B Dash Ventures, Dual Bridge Capital, Dawn Capital
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Ascend/300 million yen funding, solving 2024 problem by promoting logistics DXLnews•Dec 06, 2023•Ascend, Globis Capital Partners, Ascend, ALL STAR SAAS FUND and 2 others
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Thirdverse, a VR game developer, raises 1.2 billion yenSogyo Techo•Dec 01, 2023•Thirdverse, B Dash Ventures, Shinsei Corporate Investment, NOW and 3 others
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Developed Ethereum rollup “INTMAX” utilizing zero-knowledge proof, seed procurement of 650 million yen from BDV etc.THE BRIDGE•Apr 13, 2023•Ryodan Systems, Intmax, HashKey, Bitscale Capital and 21 others
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Loan Investment Funds Raises 3.6 Billion Yen Including Debt in Series D——Korea Hanwha, Rakuten Securities and Others Make New Investments, Increased Corporate Debt Demand BoostsTHE BRIDGE•Mar 14, 2023•Funds, Global Brain, B Dash Ventures, ITOCHU Technology Ventures and 1 other
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Microverse raises 200 million yen in pre-series A ——Focus on collaboration and independent launch of IP from NFTTHE BRIDGE•Feb 23, 2023•microverse, Genesia Ventures, B Dash Ventures, Cygames Capital and 2 others
