About D4V
D4V is a venture capital firm founded in 2016. It is primarily based out of Minato City, Japan. As of Jun 2026, D4V is an active investor, having invested in 77 companies, with 3 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 SAZO Overall, D4V portfolio has seen 1 unicorn, 5 IPOs and 3 acquisitions including key companies like ExaWizards, Infostellar and AirCloset. A lot of funds co-invest with D4V, with names like SMBC Venture Capital sharing a substantial percentage of its portfolio. D4V has team of 15 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
D4V's List of Top Investments
D4V has a portfolio of 77 companies, one of which is a Unicorn. Their most notable investments are in ExaWizards and General Prognostics.Their portfolio spans across Japan, United States, Singapore and 4 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 26 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by D4V:
1. Ubie
Developer of an AI-powered system providing symptom check and medical information. The system offers users a questionnaire to generate a report on possible causes. The platform provides access to medical information, resources, and expert answers. It aims to assist individuals in understanding the health concerns.
Key facts about Ubie
- Founded Year: 2017
- Location: New York City (United States)
- Stage: Series C
- Total Funding till date: $125M
- Employee Count: 248 as on May 31, 2026
- Investors: Rakuten, Mizuho Financial Group and 21 Others
- Latest Funding Round: Series C, Jun 26, 2025, $*****
- Highlight: Editors' Pick
2. ExaWizards
ExaWizards is a developer of AI-based services for social problems. Its service offerings include machine learning, fintech, language processing, reinforcement learning, care for the aged, humanitude, HR support services, Ai innovation & training etc. The company is based out of Tokyo, Japan and is operational nationwide.
Key facts about ExaWizards
- Founded Year: 2016
- Location: Chiba (Japan)
- Stage: Public
- Total Funding till date: $17.4M
- Employee Count: 320 as on Jul 31, 2026
- Investors: Deep Learning, SMBC Venture Capital and 10 Others
- Latest Funding Round: Series B, Jul 18, 2019, $*****
- Highlight: Public
3. Thirdverse
Developer of VR games. It has developed core video games like swords of gargantua which is a sword action game. It is also working on frostpoint VR, proving grounds which is a multiplayer game with different modes like PvP, PvE, and more. These games are available for Oculus, Steam, Viveport platforms. It monetizes through one-time app purchases.
Key facts about Thirdverse
- Founded Year: 2020
- Location: Shinjuku City (Japan)
- Stage: Series D
- Total Funding till date: $41.9M
- Employee Count: 15 as on Jul 31, 2026
- Investors: CyberAgent Capital, Animoca Brands and 23 Others
- Latest Funding Round: Series D, Sep 05, 2025, $*****
- Highlight: Editors' Pick
4. Infostellar
Provider of ground based communication services with satellites. It enable the latter to communicate with their satellites without developing or installing their antennae. Its other offerings help companies discover satellite component makers and satellite makers.
Key facts about Infostellar
- Founded Year: 2016
- Location: Tokyo (Japan)
- Stage: Acquired
- Total Funding till date: $21.3M
- Employee Count: 28 as on Jul 31, 2026
- Investors: ITOCHU, Airbus Ventures and 17 Others
- Latest Funding Round: Series B, Jan 13, 2022, $*****
- Highlight: Acquired
5. Cryptact
Cryptact offers cryptocurrency portfolio management and tax solutions. Allows users to view investment cost basis and latent gains and losses. Offers a visual financial management tool for cryptocurrency portfolios. Utilizes tax shields and analyzes how trades will impact tax burden. Allows users to select and view the portfolio in USD or EUR.
Key facts about Cryptact
- Founded Year: 2018
- Location: Chiyoda City (Japan)
- Stage: Seed
- Total Funding till date: $3.84M
- Employee Count: 22 as on May 31, 2026
- Investors: Venture Laboratory Investment, D4V and 4 Others
- Latest Funding Round: Seed, Jun 06, 2021, $*****
- Highlight: Editors' Pick
D4V's Year-on-Year Investment Trends
D4V has invested in 78 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of Jun 2026, it has made 5 investments in this year. Its most recent first time investment was in Dioseve Inc and most recent follow-on round was in SAZO.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 3 | 5 |
2025 | 4 | 4 | 8 |
2024 | 3 | 2 | 5 |
2023 | 4 | 2 | 6 |
2022 | 6 | 1 | 7 |
2021 | 4 | 0 | 4 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 4 | 1 | 5 |
2017 | 8 | 0 | 8 |
D4V's Investments by Stage
D4V has made 25 investments in Seed stage with an average round size of $2.34M, 9 investments in Series A stage with an average round size of $4.8M, 1 investment in Series B stage, 1 investment in Series C stage with an average round size of $12.1M and 1 investment in Series D stage with an average round size of $1.35M.Stage of entry | No. of Investments |
|---|---|
Seed | 25 |
Series A | 9 |
Series B | 1 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
D4V's Investments by Sector
D4V has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, HealthTech and FinTech. Notably, it has invested in 55 Tech companies, 34 Consumer (B2C) companies, 31 Software companies and at least 30 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
Consumer | 8 |
High Tech | 8 |
HealthTech | 6 |
FinTech | 5 |
Others | 44 |
Note: We have considered here, only first round of investments
D4V's Investments by Geography
D4V has made most investments in Japan (29), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
Japan | 29 |
United States | 6 |
Australia | 1 |
Singapore | 1 |
South Korea | 1 |
Note: We have considered here, only first round of investments
D4V's recent investments
D4V has made 5 investments in 2026 so far. SAZO and Dioseve Inc are the latest among them.Here are the most recent investments by D4V:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 24, 2026 | South Korea | Series A | 4202 | [+3] | |
Jun 12, 2026 | Japan | Series A | 6051 | [+4] | |
Jun 01, 2026 | Japan | Seed | 6625 | ||
Mar 17, 2026 | Japan | Series A | 4231 | [+2] | |
Feb 18, 2026 | Japan | Seed | 2074 | [+5] |
Unicorns in D4V's Portfolio
D4V has 1 unicorn in its portfolio - Alpaca Securities. The most recent unicorn in their portfolio is Alpaca Securities which became a unicorn in 2026, 8 years after D4V first invested in it.Here is a list of unicorns in D4V's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
54 | Internet-first stock broker | 2015 | San Mateo | Series D | byfzvlq |
IPOs and Publicly Listed companies in D4V's Portfolio
5 of D4V's portfolio companies have become public. AirCloset got listed on the Tokyo Stock Exchange (TSE), in Jul 2022 and ExaWizards got listed on the Tokyo Stock Exchange (TSE) at marketcap of $795M.Here are D4V's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 29, 2022 | - | - | 4616 | |
Dec 23, 2021 | Mar 29, 2018 | Seed | 6891 | |
Dec 22, 2021 | - | - | 1877 | |
- | - | - | 4412 | |
- | - | - | 2695 |
Acquired companies in D4V's Portfolio
3 companies from D4V's portfolio have been acquired. The most recent acquisition was Infostellar in Jul 2026 by Mitsubishi Electric for $*****.Here are D4V's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 03, 2026 | Sep 13, 2017 | Series A | 6257 | |
Aug 07, 2025 | - | - | 1848 | |
Jul 16, 2023 | - | - | 8573 |
Team profile of D4V
D4V has a team of 15 members including 5 Partners and 1 Principal located in Japan. D4V's team sits on the board of 1 company.Here is a list of top team members in D4V:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Tokyo | - | ||
Partner | Tokyo | - | ||
Partner | Tokyo | - | ||
Partner | Tokyo | - | - | |
Partner | Tokyo | - | - | |
Principal | - | - |
Co-investors of D4V
Over the past 9 years, 318 investors have co-invested in D4V's portfolio companies. This includes funds and angels.
- Invested before D4V: Incubate Fund, B Dash Ventures and 77 others have invested in rounds before D4V. There are 3 companies where Incubate Fund has invested before D4V and 3 companies where B Dash Ventures has invested before D4V.
- Top Co-investors of D4V: 106 investors entered a company along with D4V. These include investors like SMBC Venture Capital (5 companies).
- Invested after D4V: A total of 133 investors have invested in D4V's portfolio after their investments. Top Investors include SMBC Venture Capital (3 companies), The Norinchukin Bank (2 companies) and Shinsei Corporate Investment (2 companies).
Recent News related to D4V
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Hedgehog MedTech raises funds for headache treatment apps and AI diagnosisStartup Log•Dec 22, 2025•Medley, SBI Group, D4V, and 1 other
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Thirdverse raises 200 million yen, Masi Oka participates to expand Japan IP's social VRTHE BRIDGE•Sep 05, 2025•Sanrio, Thirdverse, CyberAgent, United Airlines and 1 other
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AndGAMER Secures ¥200 Million in Pre-Series A FundingPR TIMES•May 14, 2025•Andgamer, Ceres, Lotte Ventures Japan, D4V and 1 other
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Primary industry tech firm YUIME raises ¥440M in Series B funding.Startup Log•Jan 20, 2025•YUIME, KDDI, D4V, The Norinchukin Bank and 1 other
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Sun Metalon Raises $21 Million to Enhance Its New Metal Recycling Technology3D Printing Industry•Oct 19, 2024•Sun Metalon, Sumitomo Mitsui Financial Group, JIC Venture Growth Investments, HITE Hedge Asset Management and 7 others
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[MTU Co., Ltd.] Raised 380 million yen (total 450 million yen) in Series A roundPR TIMES•Apr 01, 2024•Mtu Solutions, MTU, D4V, Iceblue Fund and 1 other
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SHINSEKAI Technologies Co., Ltd., which provides community-related services “MURA”, raises 200 million yen in pre-series A funding.Startup Log•Mar 28, 2024•SHINSEKAI Technologies, GREE Ventures, D4V, NES and 1 other
