About Coral Capital
Coral Capital is a venture capital firm founded in 2016. It is primarily based out of Chiyoda City, Japan. As of Jun 2026, Coral Capital is an active investor, having invested in 110 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 Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Tokenz Overall, Coral Capital portfolio has seen 1 unicorn and 4 acquisitions including key companies like SmartHR, Infostellar and Credit Engine. A lot of funds co-invest with Coral Capital, with names like ALL STAR SAAS FUND sharing a substantial percentage of its portfolio. Coral Capital has team of 14 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Coral Capital's List of Top Investments
Coral Capital has a portfolio of 110 companies, one of which is a Unicorn. Their most notable investments are in Famitra and Fanfare.Their portfolio spans across Japan and United States. They have invested in Enterprise Applications, High Tech, Consumer and 31 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Coral Capital:
1. Ramp
Provider of a platform for spend management, corporate cards, and payables. The platform offers features such as expense management, accounts payable processing, and travel management. It also provides procurement and accounting automation capabilities. The platform aims to streamline financial operations and improve efficiency for finance teams.
Key facts about Ramp
- Founded Year: 2019
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $3.22B
- Employee Count: 2,403 as on May 31, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 70 Others
- Latest Funding Round: Series F, Jun 04, 2026, $*****
- Highlight: Editors' Pick
2. Shippio
Shippio is a provider of tech-enabled multi-modal freight forwarding services. It includes management of billing, exports, and imports, trade operations, document storage, sea and air freight, doorstep courier services, warehousing, trucking and fulfillment, international and multi-modal shipping, quotations, and estimates. Its clients include Mobby Ride and Yamashiro.
Key facts about Shippio
- Founded Year: 2016
- Location: Tokyo (Japan)
- Stage: Series C
- Total Funding till date: $46M
- Employee Count: 61 as on May 31, 2026
- Investors: Sony Innovation Fund, MUFG and 22 Others
- Latest Funding Round: Series C, Oct 30, 2025, $*****
- Highlight: Editors' Pick
Manufacturer of lithium-ion batteries for lighter, smaller, more powerful, safer use. It focuses on next-generation lithium-ion battery production. The company develops batteries for a sustainable future. It has achieved ISO9001 certification for its mass production facility.
Key facts about TeraWatt Technology
- Founded Year: 2017
- Location: Santa Clara (United States)
- Stage: Series C
- Total Funding till date: $5M
- Employee Count: 33 as on May 31, 2026
- Investors: Temasek, Mirai Creation Fund and 23 Others
- Latest Funding Round: Series C, Apr 08, 2026, $*****
- Highlight: Editors' Pick
4. KAMINASHI
Provider of software suite solutions for food businesses. Its features include data collection, workforce management, data analytics, real-time data updates, automated record checking, scheduling, sensor integration, productivity management, multi-lingual support, and more. It offers services to caterers, restaurants, and the food service industry.
Key facts about KAMINASHI
- Founded Year: 2018
- Location: Narita (Japan)
- Stage: Series B
- Total Funding till date: $33.8M
- Employee Count: 84 as on May 31, 2026
- Investors: Beenext, Mizuho Capital and 4 Others
- Latest Funding Round: Series B, Mar 29, 2023, $*****
- Highlight: Editors' Pick
5. SmartHR
Platform that offers HR management solutions. It is a company focused on providing technology solutions for human resources and labor management. The platform features in smart HR that includes solutions such as recruitment management, personnel evluation, layout simulation, employee surveys and more.
Key facts about SmartHR
- Founded Year: 2013
- Location: Tokyo (Japan)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $328M
- Employee Count: 492 as on May 31, 2026
- Investors: World Innovation Lab, Ontario Teachers' Pension Plan and 21 Others
- Latest Funding Round: Series E, Jun 30, 2024, $*****
- Highlight: Editors' Pick
Coral Capital's Year-on-Year Investment Trends
Coral Capital has invested in 110 companies over the last 8 years, with an average of 8 new investments annually in the last 5 years. In 2025, it made 5 investments, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Tokenz and most recent follow-on round was in Nutmeg.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 4 | 1 | 5 |
2024 | 4 | 6 | 10 |
2023 | 11 | 2 | 13 |
2022 | 11 | 5 | 16 |
2021 | 11 | 3 | 14 |
2020 | 7 | 0 | 7 |
2019 | 9 | 0 | 9 |
2018 | 1 | 0 | 1 |
Coral Capital's Investments by Stage
Coral Capital has made 35 investments in Seed stage with an average round size of $1.47M, 15 investments in Series A stage with an average round size of $8.4M and 5 investments in Series B stage with an average round size of $12.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 35 |
Series A | 15 |
Series B | 5 |
Series C | 4 |
Series D | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Coral Capital's Investments by Sector
Coral Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Business Services and Retail. Notably, it has invested in 72 Tech companies, 58 Enterprise (B2B) companies, 41 Software companies and at least 27 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 20 |
Consumer | 11 |
High Tech | 10 |
Business Services | 8 |
Retail | 8 |
Others | 54 |
Note: We have considered here, only first round of investments
Coral Capital's Investments by Geography
Coral Capital has made most investments in Japan (57), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
Japan | 57 |
United States | 4 |
Note: We have considered here, only first round of investments
Coral Capital's recent investments
Coral Capital has made 3 investments in 2026 so far. Tokenz and Henry are the latest among them.Here are the most recent investments by Coral Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 02, 2026 | Japan | Series A | 5809 | [+5] | |
May 14, 2026 | Japan | Series C | 1316 | [+3] | |
Mar 17, 2026 | United States | Seed | 7573 | - | |
Nov 17, 2025 | United States | Series E | 9570 | ||
Nov 08, 2025 | Japan | Series D | 1333 | [+5] |
Unicorns in Coral Capital's Portfolio
Coral Capital has 1 unicorn in its portfolio - SmartHR. The most recent unicorn in their portfolio is SmartHR which became a unicorn in 2021, 2 years after Coral Capital first invested in it.Here is a list of unicorns in Coral Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Platform that offers HR management solutions | 2013 | Tokyo | Series E | xqmsldy |
Acquired companies in Coral Capital's Portfolio
4 companies from Coral Capital's portfolio have been acquired. The most recent acquisition was Infostellar in Jul 2026 by Mitsubishi Electric for $*****.Here are Coral Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 03, 2026 | - | - | 3588 | |
Mar 24, 2026 | Sep 14, 2020 | Seed | 7115 | |
Oct 31, 2024 | - | - | 9553 | |
Aug 11, 2021 | - | - | 6088 |
Team profile of Coral Capital
Coral Capital has a team of 14 members including 4 Partners and 1 Principal located in Japan and United States. Coral Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Coral Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Tokyo | - | ||
Partner | Tokyo | - | ||
Partner | Tokyo | - | - | |
Partner | San Francisco | - | - | |
Principal | Tokyo | - | - |
Co-investors of Coral Capital
Over the past 8 years, 362 investors have co-invested in Coral Capital's portfolio companies. This includes funds and angels.
- Invested before Coral Capital: 500 Startups Japan, ANRI and 78 others have invested in rounds before Coral Capital. There are 5 companies where 500 Startups Japan has invested before Coral Capital and 3 companies where ANRI has invested before Coral Capital.
- Top Co-investors of Coral Capital: 115 investors entered a company along with Coral Capital. These include investors like ALL STAR SAAS FUND (10 companies).
- Invested after Coral Capital: A total of 167 investors have invested in Coral Capital's portfolio after their investments. Top Investors include Mizuho Capital (5 companies), Mitsubishi UFJ Capital (5 companies) and SMBC Venture Capital (5 companies).
Recent News related to Coral Capital
•
SmartHR Receives US$96 Million (JPY¥14.6 Billion) Strategic Investment From General Atlantic, Acquiring Stake From Coral CapitalBusiness Wire•Nov 18, 2025•Coral Capital, General Atlantic, SmartHR, SmartHR and 1 other
•
IVRy raises 4 billion yen in Series D round for interactive voice AI SaaS "Ivry"Startup Log•Nov 06, 2025•Ivry, Coral Capital, JIC Venture Growth Investments, Mizuho Financial Group and 3 others
•
MarqVision Raises $48M in Series B FundingFinSMEs•Sep 15, 2025•HSG, Peak XV Partners, Salesforce Ventures, Coral Capital and 9 others
•
Ex-Coral Capital Execs Plan $100M Fund to Accumulate BNBtapchibitcoin.io•Jun 24, 2025•BNB Chain, Coral Capital, Binance
•
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
•
•
•
Aww Co., Ltd. Aww, a virtual AI company that has raised 960 million yen globally, plans to launch interactive AI virtual human servicere-how.net•Jul 08, 2024•Aww, Kindred Ventures, Dawn Capital, Kanosei and 2 others
•
•
