About UntroD
UntroD is a venture capital firm founded in 2015. It is primarily based out of Tokyo, Japan. As of Oct 2026, UntroD is an active investor, having invested in 46 companies, with 11 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 Life Sciences to High Tech and Environment Tech. Most recently it participated in the $***** Seed round of Jaops Overall, UntroD portfolio has seen 2 IPOs, namely ispace and iQPS. A lot of funds co-invest with UntroD, with names like JFC sharing a substantial percentage of its portfolio. UntroD has team of 36 people including 10 partners.Key Metrics
UntroD's List of Top Investments
UntroD has a portfolio of 46 companies. Their most notable investments are in Aqua Fusion and VFlow Tech.Their portfolio spans across Japan, Singapore, United Kingdom and 1 more locations. They have invested in Life Sciences, High Tech, Environment Tech and 17 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by UntroD:1. Q5D
Manufacturer of robotic systems for automated electrical wiring harness assembly. These platforms utilize multi-axis robotic arms to perform circuit routing and connection tasks. The technology replaces manual labor in the production of complex electrical systems for various industrial applications. The systems integrate hardware and software to manage circuit paths and component placement. This approach facilitates the production of three-dimensional circuits and electronic assemblies. The equipment supports prototyping and production requirements for manufacturers seeking to automate the assembly of wiring components.
Key facts about Q5D
2. ispace
Developer of micro-robots that locate the resources necessary to extend human life into outer space. It focuses on locating, extracting, and delivering lunar ice to customers in cis-lunar space. It utilizes 3D printed and commercially off-the-shelf products for rapid prototyping while maximizing structural mass efficiency and shortening the developmental life cycle.
Key facts about ispace
- Founded Year: 2010
- Location: Chuo City (Japan)
- Stage: Public
- Total Funding till date: $164M
- Employee Count: 341 as on Sep 30, 2026
- Investors: Toyota, TBS Innovation Partners and 25 Others
- Latest Funding Round: Series C, Oct 26, 2021, $*****
- Highlight: Public
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3. VFlow Tech
Manufacturer of vanadium redox flow batteries for energy storage systems. These systems utilize liquid electrolyte solutions to store electrical energy for long durations. The technology provides a method for managing power loads and integrating renewable energy sources into electrical grids. The hardware includes stack designs and management systems to regulate charge and discharge cycles. These units are designed for industrial, commercial, and off-grid applications requiring consistent power availability.
Key facts about VFlow Tech
4. Eco Pork
Data company revolutionizing sustainable pork production through technology and data-driven solutions. They are dedicated to transforming the meat industry, starting with pig farming, into a sustainable ecosystem. Their mission involves fostering a society where diverse values are respected by connecting the culture of appreciating meat with future generations. They build an ecosystem that values environmental resources and respects dietary diversity, improving all aspects of pork production and distribution through data. They offer cloud-based pig farming management support systems using ICT, IoT, and AI, along with automated weight measurement AI pig cameras and environmental sensors. These technologies enable data-driven production management and reduced environmental impact, supporting sustainable agriculture and promoting a circular economy within the pork industry.
Key facts about Eco Pork
- Founded Year: 2017
- Location: Tokyo (Japan)
- Stage: Series C
- Total Funding till date: $33.9M
- Employee Count: 21 as on Sep 30, 2026
- Investors: Mizuho Bank, JFC and 16 Others
- Latest Funding Round: Series C, Feb 13, 2026, $*****
- Highlight: Editors' Pick
5. iQPS
iQPS (QPS Laboratories) develops SAR satellites for real-time Earth observation applications. The Synthetic Aperture Radar (SAR) satellite is developed in collaboration with Nakashimada Engineering Works using Non-gunpowder type satellite separation mechanism and is claimed to weigh less than 100 kg (which is 1/20th that of existing satellites) and have a resolution of 1m. The satellites are deployed with a Debris Sensor that measures the amount of space debris. The patented sensor has been developed in collaboration with IHI Corporation. The company has deployed 36 satellites that are claimed to take continuous as well as stationary objects within 10 minutes. The collected data can be integrated with the artificial intelligence technologies to provide insights regarding meteorological, market and economic data. Partners include Showa Electrical Institute, Microlab, MineMasaruko machine, Al Wet Technology, Higashi Instruments, Center for Nanosatellite Testing, Kyushu Institute of Technology, etc. Clientele includes Astroscale Japan, Next Generation Space system Technology Research Association, Kyushu University, The University of Tokyo, etc.
Key facts about iQPS
- Founded Year: 2005
- Location: Fukuoka (Japan)
- Stage: Public
- Total Funding till date: $20.6M
- Investors: Mirai Creation Fund, SMBC Venture Capital and 10 Others
- Latest Funding Round: Series A, Nov 06, 2017, $*****
- Highlight: Public
UntroD's Year-on-Year Investment Trends
UntroD has invested in 46 companies over the last 8 years, with an average of 6 new investments annually in the last 5 years. In 2025, it made 14 investments, while as of Oct 2026, it has made 9 investments in this year. Its most recent first time investment was in Jaops and most recent follow-on round was in Illumi Medical.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 0 | 9 |
2025 | 11 | 3 | 14 |
2024 | 4 | 0 | 4 |
2023 | 3 | 0 | 3 |
2022 | 3 | 0 | 3 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 0 | 1 | 1 |
2018 | 1 | 0 | 1 |
UntroD's Investments by Stage
UntroD has made 17 investments in Seed stage with an average round size of $2.13M, 11 investments in Series A stage with an average round size of $6.65M, 1 investment in Series B stage with an average round size of $5.12M, 1 investment in Series D stage with an average round size of $13.2M and 1 investment in Series E stage with an average round size of $9.51M.Stage of entry | No. of Investments |
|---|---|
Seed | 17 |
Series A | 11 |
Series B | 1 |
Series D | 1 |
Series E | 1 |
Note: We have considered here, only first round of investments
UntroD's Investments by Sector
UntroD has a diverse portfolio, with companies operating in the Life Sciences, Sustainability Tech, Energy Tech, Environment Tech and High Tech. Notably, it has invested in 31 Tech companies, 29 Enterprise (B2B) companies, 18 Tech hardware companies and at least 10 companies focusing on Software.Sector | No. of Investments |
|---|---|
Life Sciences | 6 |
Sustainability Tech | 6 |
Energy Tech | 5 |
Environment Tech | 5 |
High Tech | 5 |
Others | 26 |
Note: We have considered here, only first round of investments
UntroD's Investments by Geography
UntroD has made most investments in Japan (22), followed by Singapore where it has made 5 investments.Country | No. of Investments |
|---|---|
Japan | 22 |
Singapore | 5 |
United Kingdom | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
UntroD's recent investments
UntroD has made 9 investments in 2026 so far. Jaops and ARK are the latest among them.Here are the most recent investments by UntroD:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 01, 2026 | - | Seed | 9884 | - | |
Sep 17, 2026 | Japan | Series A | 4349 | [+9] | |
Aug 26, 2026 | United States | Seed | 6488 | [+3] | |
Jun 25, 2026 | Japan | Seed | 1852 | ||
Jun 02, 2026 | Japan | Seed | 3235 | [+2] |
IPOs and Publicly Listed companies in UntroD's Portfolio
2 of UntroD's portfolio companies have become public. iQPS got listed on the Tokyo Stock Exchange (TSE), in Dec 2023 at marketcap of $69.1M and ispace got listed on the Tokyo Stock Exchange (TSE) at marketcap of $103M.Here are UntroD's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 06, 2023 | - | - | 4755 | |
Apr 12, 2023 | - | - | 2005 |
Team profile of UntroD
UntroD has a team of 36 members including 10 Partners located in Japan and Singapore. UntroD's team does not sit on the board of any company as of now.Here is a list of top team members in UntroD:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Japan | - | ||
Partner | Japan | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Japan | - | ||
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | Japan | - | ||
Partner | Japan | - | ||
Partner | - | - |
Co-investors of UntroD
Over the past 8 years, 162 investors have co-invested in UntroD's portfolio companies. This includes funds and angels.
- Invested before UntroD: SEEDS Capital, Entrepreneurs First and 45 others have invested in rounds before UntroD. There are 2 companies where SEEDS Capital has invested before UntroD and 2 companies where Entrepreneurs First has invested before UntroD.
- Top Co-investors of UntroD: 85 investors entered a company along with UntroD. These include investors like JFC (3 companies).
- Invested after UntroD: A total of 30 investors have invested in UntroD's portfolio after their investments. Top Investors include Antares Ventures (2 companies), EDBI (2 companies) and PSA International (1 company).
Recent News related to UntroD
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ARK Secures 1.3 Billion Yen in Series A Funding for Land-Based Aquaculture SystemsJapan Agricultural News•Sep 17, 2026•Beyond Next Ventures, UntroD, Bpcapital, Resona Group and 1 other
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Aitane Secures ¥30 Million to Enhance AI Sales Agent CapabilitiesSogyo Techo•Jun 16, 2026•co.jp, The Gogin Capital, Beam Technologies, UntroD and 1 other
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Singapore's FORMAS.AI Raises $3.98M Pre-Seed to Revolutionize AI-Powered Design in ConstructionBEAMSTART•Apr 29, 2026•Vertex Ventures, FORMAS.AI, UntroD, Orvel Ventures and 1 other
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Japanese Agritech Startup Culta Raises $4.5M Pre-Series ABEAMSTART•Apr 14, 2026•Culta, UntroD, Archetype Ventures, Nissay Capital
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CULTA, a Next-Generation Variety Development Startup, Raises 700 Million YenSogyo Techo•Mar 02, 2026•Culta, UntroD, Archetype
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Japan Superconducting Application Development Raises 500 Million Yen in Pre-Series A RoundStartup Log•Nov 11, 2025•Cho-dendo.jp, UntroD
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Blue Whale Energy nets US$2M to power Singapore’s first battery-based virtual power plante27•Oct 30, 2025•UntroD, Forge Ventures, Monk's Hill Ventures, Yamada Shokai Holdings Co., Ltd. and 1 other
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Ilumi Medical raises 340 million yen in Series A round 1st closeStartup Log•Oct 20, 2025•Mint, Illumina, UntroD, Illumi Medical and 5 others
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UMIAILE Raises 1.575 Billion Yen in Seed Round for Marine Robotics DevelopmentStartup Log•Oct 16, 2025•UntroD, Honda, UMIAILE, Enedym and 1 other
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