About MUFG Innovation Partners
MUFG Innovation Partners is a venture capital firm founded in 2019. It is primarily based out of Tokyo, Japan. As of Aug 2026, MUFG Innovation Partners is an active investor, having invested in 25 companies, with 4 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 FinTech and High Tech. Most recently it participated in the $***** Series C round of KnowledgeWork Overall, MUFG Innovation Partners portfolio has seen 5 unicorns and 2 IPOs including key companies like Grab, Fundbox and Figure. A lot of funds co-invest with MUFG Innovation Partners, with names like Ricoh sharing a substantial percentage of its portfolio. MUFG Innovation Partners has team of 22 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series C & 4 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
MUFG Innovation Partners' List of Top Investments
MUFG Innovation Partners has a portfolio of 25 companies, including 5 unicorns. Their most notable investments are in Loglass and Charge After.Their portfolio spans across Japan, United States, Indonesia and 4 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 13 other sectors, across stages such as Series A, Series C and 4 more. Here is the list of top investments by MUFG Innovation Partners:1. Grab
Operator of a platform providing ride-hailing, food delivery, and payment services. The platform offers options for transportation, on-demand delivery, and various financial solutions. It facilitates connections between consumers, drivers, and merchants. The platform also provides tools and resources for business and enterprise clients.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $10.4B
- Employee Count: 56,187 as on May 31, 2026
- Investors: Glean Management, Toyota and 108 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $*****
- Highlight: Public
2. BlueVine
Provider of business checking accounts, business loans, and business credit cards. The company offers business checking with interest, accounts payable automation, and international payments. Business loans include lines of credit, term loans, and SBA loan access through lending partners. The business credit card provides cash back on purchases.
Key facts about BlueVine
- Founded Year: 2013
- Location: Redwood City (United States)
- Stage: Series F
- Total Funding till date: $288M
- Employee Count: 593 as on Jun 30, 2026
- Investors: Kreos Capital, TriplePoint Capital and 28 Others
- Latest Funding Round: Conventional Debt, Sep 09, 2020, $*****
- Highlight: Editors' Pick
3. Fundbox
AI-based platform for business loans. It provides credit lines and term loans to businesses based on the yearly turnovers, monthly generated revenue, profit analysis, credit assessments, and more. Repayment of loans can be made in installments via credit/debit cards and bank transfers. The application is available on Android and iOS platforms.
Key facts about Fundbox
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $734M
- Employee Count: 210 as on Jun 30, 2026
- Investors: Founders Circle Capital, SEB and 60 Others
- Latest Funding Round: Series D, Nov 30, 2021, $*****
- Highlight: Editors' Pick
4. Figure
Blockchain-based platform for consumer loans. It provides a blockchain-based platform for consumer loans. It offers loans such as personal loans, residential mortgage loans, home equity loans, mortgage refinancing loans, and more. It provides a blockchain-based platform for capital raising and fundraising. It also provides trading tools for startups and businesses in order to track and manage equities.
Key facts about Figure
- Founded Year: 2018
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $435M
- Employee Count: 625 as on Jun 30, 2026
- Investors: Section Partners, Mithril and 52 Others
- Latest Funding Round: Conventional Debt, May 22, 2025, $*****
- Highlight: Public
5. Chainalysis
Blockchain data platform providing crypto insights to businesses, banks, and governments. The platform helps organizations make informed decisions, foster innovation, and protect consumers. It assists law enforcement in detecting and deterring cryptocurrency crime, while aiding regulators in establishing secure markets and maintaining financial stability. The company also offers solutions for financial institutions to leverage digital assets and for exchanges to enhance security and customer trust. The platform provides research and reports on current trends in cryptocurrency and its role in various criminal activities.
Key facts about Chainalysis
- Founded Year: 2014
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $538M
- Employee Count: 791 as on Jun 30, 2026
- Investors: GIC, Dragoneer Investment Group and 45 Others
- Latest Funding Round: Series F, Oct 07, 2025, $*****
- Highlight: Editors' Pick
MUFG Innovation Partners' Year-on-Year Investment Trends
MUFG Innovation Partners has invested in 25 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Aug 2026, it has made 3 investments in this year. Its most recent first time investment was in KnowledgeWork and most recent follow-on round was in Liquidity.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 1 | 0 | 1 |
2022 | 2 | 1 | 3 |
2021 | 1 | 0 | 1 |
2020 | 3 | 1 | 4 |
2019 | 4 | 1 | 5 |
MUFG Innovation Partners' Investments by Stage
MUFG Innovation Partners has made 5 investments in Series A stage with an average round size of $8.69M, 5 investments in Series C stage with an average round size of $42.9M and 4 investments in Series B stage with an average round size of $44.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 5 |
Series C | 5 |
Series B | 4 |
Seed | 2 |
Conventional Debt | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
MUFG Innovation Partners' Investments by Sector
MUFG Innovation Partners has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Consumer, Financial Services and Auto Tech. Notably, it has invested in 21 Tech companies, 18 Enterprise (B2B) companies, 13 Consumer (B2C) companies and at least 11 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 11 |
Enterprise Applications | 7 |
Consumer | 5 |
Financial Services | 4 |
Auto Tech | 3 |
Others | 16 |
Note: We have considered here, only first round of investments
MUFG Innovation Partners' Investments by Geography
MUFG Innovation Partners has made most investments in Japan (7), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
Japan | 7 |
United States | 4 |
Indonesia | 3 |
Israel | 1 |
Malaysia | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
MUFG Innovation Partners' recent investments
MUFG Innovation Partners has made 3 investments in 2026 so far. KnowledgeWork and Knowledge Work are the latest among them.Here are the most recent investments by MUFG Innovation Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 04, 2026 | Japan | Series C | 9195 | [+12] | |
Aug 04, 2026 | Japan | Series C | 9504 | [+7] | |
Jul 17, 2026 | United States | Series A | 2681 | - | |
Sep 01, 2025 | Japan | Series B | 6232 | [+5] | |
Mar 20, 2025 | Japan | Series A | 8930 | [+6] |
Unicorns in MUFG Innovation Partners' Portfolio
MUFG Innovation Partners has 5 unicorns in its portfolio - Fundamental, Liquidity, Fundbox and others. The most recent unicorn in their portfolio is Fundamental. It became a unicorn in 2026.Here is a list of unicorns in MUFG Innovation Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
50 | Developer of a large tabular model for enterprise data analysis | 2026 | San Francisco | Series A | flupdro | ||
69 | Provider of debt financing for growth stage technology business entities | 2018 | London | Series C | davonkh | ||
75 | AI-based platform for business loans | 2013 | San Francisco | Series D | kseawrg | ||
57 | App based marketplace for used cars | 2015 | Petaling Jaya | Series F | qztoize | ||
71 | Blockchain data platform providing crypto insights | 2014 | New York City | Series F | tmzogjq |
IPOs and Publicly Listed companies in MUFG Innovation Partners' Portfolio
2 of MUFG Innovation Partners' portfolio companies have become public. Figure got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 at marketcap of $4.34B and Grab got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $40B.Here are MUFG Innovation Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 11, 2025 | Nov 04, 2019 | Series C | 6200 | |
Dec 01, 2021 | Feb 25, 2020 | Series H | 9036 |
Team profile of MUFG Innovation Partners
MUFG Innovation Partners has a team of 22 members including 5 Partners, 1 Venture Partner and 11 Principals located in Japan and United States. MUFG Innovation Partners' team does not sit on the board of any company as of now.Here is a list of top team members in MUFG Innovation Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Tokyo | - | ||
Partner | - | - | ||
Partner | Tokyo | - | - | |
Partner | - | - | ||
Partner | Tokyo | - | ||
Venture Partner | Tokyo | - | ||
Principal | Japan | - | ||
Principal | Tokyo | - | ||
Principal | - | - | ||
Principal | Yokohama | - | - |
Co-investors of MUFG Innovation Partners
Over the past 7 years, 298 investors have co-invested in MUFG Innovation Partners's portfolio companies. This includes funds and angels.
- Invested before MUFG Innovation Partners: MUFG, BRI Ventures and 169 others have invested in rounds before MUFG Innovation Partners. There are 3 companies where MUFG has invested before MUFG Innovation Partners and 3 companies where BRI Ventures has invested before MUFG Innovation Partners.
- Top Co-investors of MUFG Innovation Partners: 36 investors entered a company along with MUFG Innovation Partners. These include investors like Ricoh (2 companies).
- Invested after MUFG Innovation Partners: A total of 91 investors have invested in MUFG Innovation Partners's portfolio after their investments. Top Investors include Sequoia Capital (2 companies), MUFG (2 companies) and MUFG (2 companies).
Recent News related to MUFG Innovation Partners
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Relcu Raises New Funding to Build the AI-Powered System of Action for Financial ServicesThe Joplin Globe•Aug 21, 2025•Relcu, MUFG Innovation Partners, Menlo Ventures
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Obligo raises $35 million to expand its security deposit solutions to millions of households across the U.SPR Newswire•Oct 22, 2024•Obligo, Viola Credit, MUFG Innovation Partners, Highsage and 4 others
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