Spiral Capital

Spiral Capital LLP is a venture capital firm based in Tokyo, Japan, focused on investing in startups across various stages, including seed, early, mid, and late-stage ventures. Established in 2015, the firm specializes in sectors such as healthcare, industrials, transportation, air freight, logistics, and emerging technologies like artificial intelligence, the Internet of Things, and blockchain. Spiral Capital primarily targets investment opportunities in East Asia and Japan. The firm was previously known as Spiral Ventures Japan LLP and has evolved to adapt its strategies, aligning its investments with the dynamic landscape of technology and innovation in the region.

Takashi Chiba

Principal

Ryusuke Hirota

Partner

Tomokazu Okuno

Representative Partner

Shota Takamoto

Associate

Miho Tateishi

Associate

Past deals in Japan

Sushi Top Marketing

Venture Round in 2023
Sushi Top Marketing is an IT company that specializes in marketing and consulting services, with a focus on the utilization of non-fungible tokens (NFTs). The company operates a platform designed to facilitate the distribution of NFTs, providing tools for NFT issuance, certification, and planning. Their offerings include various features such as NFT shots, audio shots, and an NFT convenience store, which assist businesses in efficiently distributing and receiving NFTs. By enhancing the marketing capabilities of its clients through innovative NFT solutions, Sushi Top Marketing aims to streamline the process of engaging with digital assets and improve overall marketing strategies.

ROMS

Venture Round in 2022
ROMS, Inc. designs and develops an Internet based platform for retail and supply chain stores. The company uses artificial intelligence and robotics for its platform. The company was founded in 2019 and is based in Tokyo, Japan with additional offices in Krakow, Poland.

al+

Series H in 2022
al+ is a Personal Artificial Intelligence which reconstructs individual personalities on the cloud by analyzing life log data of individuals and their groups. Based on the analysis of individual personalities, unproductive parts of labour will be automated and alt’s operating efficiency will be maximized. al+ users can focus on more productive, creative and sophisticated work. Using this methodology, we sincerely hope to contribute to the solution of different kinds of social problems.

HITOTSU

Venture Round in 2022
HITOTSU is a software development company that provides medical device management systems for all hospitals and clinics.

Aculys Pharma

Series B in 2022
Accuris Pharma is a pharmaceutical company that aims to develop innovative and superior medical methods and deliver them to patients.

Nudge

Seed Round in 2021
Provider of financial planning platform designed to create a financial institution with new values and behaviors from scratch. The company's platform has been strengthening its team, developing the first service, and preparing for the necessary financial license acquisition, enabling users to secure their future financially.

Luup

Series B in 2021
Luup, Inc. is a Tokyo-based company that specializes in electric micro-mobility sharing services, primarily through its application. Founded in 2018, Luup enables users to rent and return electric kickboards, scooters, and small automatic assist bicycles, enhancing urban transportation options. The platform allows customers to conveniently pick up vehicles from designated locations and drop them off at their desired destinations, facilitating a seamless travel experience. Luup's services extend beyond two-wheelers to include four-wheelers and senior-friendly transportation, aiming to provide a comfortable and enjoyable mobility solution for various users in Japan.

Aeronext

Venture Round in 2021
Aeronext Inc. is a Japanese startup focused on the research and development of drone technology. The company specializes in center of gravity control technology, which aims to improve the fundamental performance of drones. In addition to its technological innovations, Aeronext is involved in sales and promotional activities to support its products in the market. Through its advancements in drone capabilities, Aeronext seeks to enhance the overall functionality and effectiveness of aerial vehicles.

Luup

Venture Round in 2021
Luup, Inc. is a Tokyo-based company that specializes in electric micro-mobility sharing services, primarily through its application. Founded in 2018, Luup enables users to rent and return electric kickboards, scooters, and small automatic assist bicycles, enhancing urban transportation options. The platform allows customers to conveniently pick up vehicles from designated locations and drop them off at their desired destinations, facilitating a seamless travel experience. Luup's services extend beyond two-wheelers to include four-wheelers and senior-friendly transportation, aiming to provide a comfortable and enjoyable mobility solution for various users in Japan.

Hacobu

Venture Round in 2021
Hacobu offers an integrated solution "MOVO (MOVO)" centering on the operation management system utilizing in-vehicle terminals. Connect with carriers and shipping companies sending luggage using an easy-to-use online mechanism. To provide tools to support the management of the shipping company. Through these, it becomes a platform to accumulate distribution data of various companies, aiming at overall optimization of physical distribution system. That is, "to optimize carrying". That is Hacobu 's mission.

WED

Series A in 2021
One Financial is an application that anyone can introduce card settlement immediately with one smartphone.

unilabo

Series B in 2020
unilabo, Inc. owns and operates a business to business (B2B) ordering platform. It offers search service for suppliers. It also provides characteristics, achievements, and services of suppliers, subcontractors, and outsourcers; and information and price quotes. The company was founded in 2012 and is based in Tokyo, Japan.

OpenLogi

Series C in 2020
OpenLogi is a Tokyo based logistics platform focused on SMEs and freelancers. OpenLogi was founded back in December 2013 by Hidetsugu Ito who was previously involved in launching Japanese magazine subscription service Fujisan.co.jp. Based on his experience in discussing and negotiating with logistics companies, he founded OpenLogi to address logistics solutions for small e-commerce players.

minacolor

Venture Round in 2020
minacolor is a medical IT venture company aiming for innovation of health care lifestyle. minacolor provides health care more familiar and impressive in the field of further active in the aspiring medical personnel continue to be the growth opportunities of human resources for the next generation.

Bitkey, Inc.

Venture Round in 2020
Bitkey, Inc. develops a smart lock device with a digital key infrastructure using block chain technology, distributed systems, encryption technology. The company's product is used in home, office, and hotels. The company was founded in 2018 and is based in Chuo-ku, Japan.

Tangerine Inc.

Venture Round in 2020
Tangerine is a operate a marketing platform based on location information data using IoT sensors such as beacons, WiFi and GPS.Offers Japan's first marketing automation service for real stores, such as in-store promotions and behavior analysis based on visit history data at real stores.

TVISION INSIGHTS

Venture Round in 2020
TVISION INSIGHTS is a company that measures the "viewing quality" of television. Utilizing state-of-the-art human body recognition technology developed by TVISION, it is rare in the world to acquire TV viewing status in the living room and convert it into data, and a very unique data set that does not exist is founded It has been acquired and accumulated since then. Currently, we have expanded our bases globally and have expanded to Tokyo, Boston and New York. While challenging challenges in different markets,we are continuing to grow rapidly to realize the original potential of TV.

RUN.EDGE

Series A in 2020
RUN.EDGE Inc. is a Tokyo-based company established in 2018 that specializes in software-as-a-service (SaaS) solutions for the sports sector. The company focuses on image search and data analysis services, particularly in baseball and soccer. Its technology allows for detailed analysis of pitching and hitting data in baseball, as well as field data in soccer matches. RUN.EDGE has developed a user-friendly, high-speed scene playback technology that enhances the efficiency of video data editing and analysis. This innovation fosters better collaboration among analysts and improves communication within sports teams. RUN.EDGE operates as a subsidiary of Fujitsu Limited.

minma

Venture Round in 2020
minma, Inc. specializes in the development and operation of online market press. It was founded on January 2011 and is based in Tokyo, Japan.

POL

Series A in 2019
POL is creating a platform that maximizes the possibilities of researchers. It is a laboratory that is a place where innovative science and technology are created that greatly advances society. Its first project "LabBase" would like to create a society that can solve problems in job hunting for science-based human resources, issues of companies wanting to adopt them, issues faced by laboratories, and so that science-based human resources can be used more effectively.

Gracia Inc.

Series B in 2019
Gracia Inc. owns and operates tanp, a gift platform. The platform provides gift for birthday, anniversary, father’s day, white day, valentine, job celebration, and wedding celebration. Gracia Inc. was founded in 2017 and is headquartered in Shinagawa, Japan.

Wakaze

Series A in 2019
Wakaze Inc. is a Japanese company specializing in the development and production of sake, as well as the export of sake products and providing concierge services related to sake. Founded in 2016, the company operates out of Tsuruoka, Japan, with an additional office in Tokyo. Wakaze markets its products under the brands ORBIA and FONIA, offering a range of sake including the lines SOL, LUNA, SORRA, and TERRA. The company aims to promote Japanese sake culture both domestically and internationally.

GITAI

Series A in 2019
GITAI Inc. manufactures humanoid telepresence robots for science experiments in space stations and lunar-based development. The company offers products, such as G1 a general-purpose robot that enables automation of tasks internally and externally on space stations and for lunar base development; S1 offers automation of specific tasks internally and externally on space stations and on-orbit servicing; and H1 a robot manipulation system that provides ground operations use to teleoperate (remotely control) the robot operating in space. GITAI Inc. was formerly known as MacroSpace Inc. The company was founded in 2016 and is based in Tokyo, Japan.

Snaq me

Venture Round in 2019
Snaq.me Co., Ltd. offers snack subscription and delivery services. The company was founded in 2015 and is based in Tokyo, Japan.

DIV

Venture Round in 2019
DIV operates TECH::CAMP, a programming school, a short-term intensive training course designed to turn students into engineers.

Future Standard

Series C in 2019
Future Standard Co., Ltd. is a Tokyo-based company that specializes in image processing and analytics, particularly for advertising purposes. Founded in March 2014, the firm operates a comprehensive platform that offers a range of services from image capture to data acquisition. By focusing on research and development, Future Standard aims to enhance the effectiveness of visual content in advertising through advanced image analytics solutions.

Planet Table

Series D in 2019
Planet Table Inc. is a Tokyo-based company that specializes in developing and operating an online food distribution platform. Founded in 2014, the company focuses on sustainable food production and aims to minimize waste in the food supply chain. By leveraging technology, Planet Table seeks to create a comprehensive production and distribution support platform that enhances efficiency and fosters sustainability in the food industry.

BPM Inc.

Venture Round in 2019
BPM Inc. offers building maintenance services, including construction supervision, construction management, and maintenance consulting. The company also develops a building maintenance software, equipped with construction supervision functions for building maintenance. It also operates contact centers for business inquiries for real estate management companies, store managers, construction companies, and craftsmen. The company serves the construction and real estate industry. BPM Inc. was founded in 2011 and is headquartered in Tokyo, Japan.

StreetAcademy

Venture Round in 2018
StreetAcademy, Inc. operates an online platform based in Tokyo, Japan, that serves as a marketplace for education. The platform connects individuals looking to teach with those eager to learn, facilitating a variety of courses and learning experiences. By providing a space for users to share their knowledge and skills, StreetAcademy fosters a collaborative learning environment that empowers both educators and students.

NURVE

Series C in 2018
NURVE is a technology that artificially creates reality by combining computer graphics and sound effects.

SenSprout

Venture Round in 2018
SenSprout Inc. is a technology company based in Tokyo, Japan, that specializes in developing and selling agricultural sensors. Founded in 2015, the company’s products are designed to measure soil moisture, surface temperature, and electrical conductivity, providing farmers with critical insights for optimizing irrigation systems. By utilizing printed electronic sensors that employ wireless power feeding techniques and ink-jet printing technology, SenSprout produces cost-effective sensors that can be mass-produced and require minimal maintenance, avoiding the complications associated with battery replacement. These sensors not only enhance irrigation efficiency for large farms and high-value crops but also offer functionalities to predict natural disasters like landslides and cliff collapses. Through its internet service, SenSprout enables the collection and analysis of farming data, empowering farmers to make informed decisions and improve their yields while conserving water resources.

IDENTITY

Venture Round in 2018
IDENTITY is a company that develops digital marketing support and in house media business

Identity Inc.

Venture Round in 2018
Identity has set a mission of "Reduce mismatches in the world with IT!" And provides services as a comprehensive IT support company specializing in IT human resources (engineers and creators). We provide recruitment support for both agent services and media services, and offer a wide range of recruitment, mid-career, freelance, and overseas human resources in recruitment advertising media. From employment to retirement, we work closely with users to support career design.

ookami, inc.

Series B in 2018
Ookami, Inc. is a Tokyo-based company founded in 2014 that specializes in sporting entertainment solutions. The company has developed Player!, a social sports entertainment platform that enables users to engage with their favorite sports teams, join fan communities, and access real-time game updates. Through its innovative approach, Ookami aims to enhance the sports experience by integrating social interaction with advanced technology. Additionally, the company offers various technology solutions, focusing on financial services software, application and communication software, software as a service, and online social networking services.

sitateru

Series B in 2018
sitateru is a tailor-controlled system of clothing production that works with clothing companies in order to facilitate clothing needs.

Sorabito

Series B in 2018
SORABITO Co., Ltd. operates ALLSTOCKER, an online marketplace for used construction equipment and machinery. It sells excavators, wheel loaders, dozers, rollers, graders, finishers, cranes, forklifts, generators, welders, compressors, attachments, parts, trucks, tractors, other farm machinery, and others. The company also provides IT solutions for construction equipment rental companies. SORABITO Co., Ltd. was founded in 2014 and is based in Tokyo, Japan.

Study Plus

Venture Round in 2018
Study Plus is an educational application developed to facilitate collaborative studying.

SenSprout

Seed Round in 2017
SenSprout Inc. is a technology company based in Tokyo, Japan, that specializes in developing and selling agricultural sensors. Founded in 2015, the company’s products are designed to measure soil moisture, surface temperature, and electrical conductivity, providing farmers with critical insights for optimizing irrigation systems. By utilizing printed electronic sensors that employ wireless power feeding techniques and ink-jet printing technology, SenSprout produces cost-effective sensors that can be mass-produced and require minimal maintenance, avoiding the complications associated with battery replacement. These sensors not only enhance irrigation efficiency for large farms and high-value crops but also offer functionalities to predict natural disasters like landslides and cliff collapses. Through its internet service, SenSprout enables the collection and analysis of farming data, empowering farmers to make informed decisions and improve their yields while conserving water resources.

Bertrand Co.

Venture Round in 2017
Bertrand is a company founded by Mr. VELTRA, a French person who came to Japan to study abroad at Kyoto University.

Clue

Series A in 2017
CLUE, Inc. is a technology startup based in Tokyo, Japan, that specializes in drone automation software. Founded in 2014, the company develops a range of solutions that utilize drone technology for various applications. Its primary products include DroneRoofer, which is designed for exterior roof inspections and construction surveying, and Drone Construction Management, which facilitates remote construction inspections and cloud collaboration on captured images. Additionally, CLUE offers Drone View-kun, a software focused on photography of condominiums and properties using drones. The company's innovative offerings aim to enhance efficiency and accuracy in the construction and real estate industries.

Lifestyle-Design

Series B in 2017
Lifestyle-Design is an internet based platform.

FABRIC TOKYO

Series C in 2017
FABRIC TOKYO is a Japanese startup provides a direct-to-consumer custom-made apparel brand. (former-company name Lifestyle Design Co., Ltd.). It enables customers to save their sizes, idea fabrics, and favorite designs, allowing them to make their original clothing later. FABRIC TOKYO was founded in 2012 by Yuichiro Mori and is based in Tokyo, Japan.

NURVE

Series B in 2017
NURVE is a technology that artificially creates reality by combining computer graphics and sound effects.

rakumo

Venture Round in 2017
rakumo Inc. develops and sells cloud-based extension tools in Tokyo, Japan. Its products include rakumo for G Suite, a cloud-type extension tool group that shares the user management, authentication, and security functions of G Suite; and rakumo for Salesforce, a cloud extension tool that includes rakumo Social Scheduler, which changes the behavior of daily schedule to change the next behavior, as well as rakumo Sync that synchronizes with Google Calendar schedule in real time. The company is also involved in the sale of information and communication equipment and software. rakumo Inc. was founded in 2004 and is headquartered in Tokyo, Japan.

OpenLogi

Series B in 2017
OpenLogi is a Tokyo based logistics platform focused on SMEs and freelancers. OpenLogi was founded back in December 2013 by Hidetsugu Ito who was previously involved in launching Japanese magazine subscription service Fujisan.co.jp. Based on his experience in discussing and negotiating with logistics companies, he founded OpenLogi to address logistics solutions for small e-commerce players.

Future Standard

Series B in 2017
Future Standard Co., Ltd. is a Tokyo-based company that specializes in image processing and analytics, particularly for advertising purposes. Founded in March 2014, the firm operates a comprehensive platform that offers a range of services from image capture to data acquisition. By focusing on research and development, Future Standard aims to enhance the effectiveness of visual content in advertising through advanced image analytics solutions.

RoomClip

Venture Round in 2017
RoomClip is a photo-sharing service where users can find inspiration for their home and life.

Z-Works

Series A in 2017
Z-Works Inc. is a technology company based in Tokyo, Japan, specializing in Internet of Things (IoT) solutions. Founded in 2015, the company offers a range of IoT devices, including various types of sensors, smart locks, and smart meters. In addition to its hardware, Z-Works provides consulting services to support proof of concept and develop sensor packages for specific applications. The company's flagship product, the Z-Works Life Engine, is a cloud-based IoT platform that enables users to collect and analyze data from devices equipped with Z-Wave technology. This platform allows for remote monitoring and control of connected devices through a smartphone interface.

Yoriso

Series C in 2017
Yoriso, formerly known as Minrebi, is a Japanese startup that connects families to funeral homes and other end-of-life service providers. It is a funeral / medical IT venture that aims to be a “company that creates a world where everyone can make their own choices by overcoming the limitations of ingenuity”. Yoriso was founded in 2009 and is headquartered in Tokyo.

FABRIC TOKYO

Series B in 2017
FABRIC TOKYO is a Japanese startup provides a direct-to-consumer custom-made apparel brand. (former-company name Lifestyle Design Co., Ltd.). It enables customers to save their sizes, idea fabrics, and favorite designs, allowing them to make their original clothing later. FABRIC TOKYO was founded in 2012 by Yuichiro Mori and is based in Tokyo, Japan.

Enechange

Series A in 2017
Enechange Co., Ltd., founded in April 2015 and based in Tokyo, Japan, operates a comprehensive electricity plan comparison website that assists consumers in selecting their electricity providers. The company provides online switching services for energy and gas, facilitating a more informed decision-making process for users. In addition to its comparison platform, Enechange offers an Energy Marketing Acceleration Platform (EMAP), which supports electricity and gas retailers with marketing and customer acquisition through cloud-based solutions. The company also specializes in AI-driven technologies for energy digitalization, including profitability analysis and demand response services. By promoting energy deregulation, Enechange aims to optimize energy usage and streamline the switching process for consumers, contributing to a more competitive energy market in Japan.

ookami, inc.

Series A in 2017
Ookami, Inc. is a Tokyo-based company founded in 2014 that specializes in sporting entertainment solutions. The company has developed Player!, a social sports entertainment platform that enables users to engage with their favorite sports teams, join fan communities, and access real-time game updates. Through its innovative approach, Ookami aims to enhance the sports experience by integrating social interaction with advanced technology. Additionally, the company offers various technology solutions, focusing on financial services software, application and communication software, software as a service, and online social networking services.

Candee

Series A in 2016
Candee Inc. offers online video production, talent management, and advertising services. The company was founded in 2015 and is based in Tokyo, Japan.

Yoriso

Venture Round in 2016
Yoriso, formerly known as Minrebi, is a Japanese startup that connects families to funeral homes and other end-of-life service providers. It is a funeral / medical IT venture that aims to be a “company that creates a world where everyone can make their own choices by overcoming the limitations of ingenuity”. Yoriso was founded in 2009 and is headquartered in Tokyo.

OpenLogi

Venture Round in 2016
OpenLogi is a Tokyo based logistics platform focused on SMEs and freelancers. OpenLogi was founded back in December 2013 by Hidetsugu Ito who was previously involved in launching Japanese magazine subscription service Fujisan.co.jp. Based on his experience in discussing and negotiating with logistics companies, he founded OpenLogi to address logistics solutions for small e-commerce players.

BizReach

Series A in 2016
Launch pad for a wide array of HR Tech services, which has focused on revolutionizing the world’s second largest Japanese HR services industry thru technology enabled business models. BizReach: Japan's premier online career networking service, which has transformed the Japanese business community in allowing career-driven executives to freely share and directly connect with talent-seeking employers and recruiters.Often referred to as the “LinkedIn of Japan” in the HR industry, the service has allowed over half a million executives to explore their career options by sharing their resume information in a closed online database shared amongst only employers and recruiters. The service has disrupted the executive search (recruitment) market by becoming a cloud-based talent sourcing platform for employers to recruit and hire business executives directly. CareerTrek: The service was built on the needs of BizReach clients (employers) wanting to recruit and hire “young” professionals (20s and early 30s) more efficiently thru direct sourcing methods. Hence, the service is branded and targeted to become an online career networking service connecting young professional jobseekers and employers. Together with BizReach, the 2 cloud-based talent sourcing platforms deliver similar results to what Linkedin delivers to enterprise clients outside of Japan. An added feature of CareerTrek due to its focus on a younger audience is its recommendation engine, which supports jobseekers in not only proactively finding jobs that they think fit them, but being introduced to positions that other similar users find interesting. Stanby: Stanby is a job search engine, which aggregates job postings from hundreds of third-party job sites. This “Google for Jobs” service enables jobseekers to search from over 4 million jobs posted online from all over the country in just one search. Stanby ATS is a service provided to employers, and is a cloud-based applicant tracking system for employers, and is free to use. Employers can create job postings, source applicants and track applicants, together functioning as a central platform for all recruitment efforts. Stanby thrives to bring every job opening to the online world, and become the largest original source of hiring information.

Crowd Cast

Series B in 2015
Crowd Cast, Ltd. is a Tokyo-based fintech startup established in 2011 that specializes in developing smart cards aimed at corporate clients. The company offers the Staple Card, a prepaid corporate card designed to eliminate the need for expense reimbursement processes for employees. This innovative solution simplifies the payment process between businesses and their staff, enabling small and medium-sized enterprises (SMEs) to manage spending more effectively. The Staple Card, a general purpose reloadable VISA-branded card, addresses a gap in the Japanese market by providing an alternative to traditional corporate credit cards, which often require challenging credit assessments. By facilitating cashless transactions and reducing reliance on paper and Excel-based expense reports, Crowd Cast aims to enhance operational efficiency for SMEs while also minimizing bank transfer fees and providing real-time cash flow visibility.

Zawatt

Series B in 2015
Zawatt develops C2C marketplaces. WishScope is a social bulletin board with classified ads to trade second hands, exchange skills, recruit friends, and more. SMAOKU is a cross border C2C marketplace with flash auction. Zawatt was co-founded by Nobuaki Suzuki, Tatsuya Yamamoto, and Daisaku Harada in 2011 and is based in Tokyo, Japan. Acquired by Mercari, Japanese unicorn C2C marketplace in Feb 2017.

Pricebook

Series B in 2015
Pricebook Co., Ltd., a company offering shopping search engine for gadgets in Indonesia and SEA. The company aims to "adapt proven know-hows to the huge & fast growing market, offering a No.1 platform for online shoppers".

Mikawaya21

Venture Round in 2015
Mikawaya21 Co., Ltd., established on August 10, 2012, in Tokyo, Japan, specializes in developing IoT devices aimed at enhancing the lives of elderly individuals. The company offers a range of services, including the MAGO button, which provides essential support for seniors. Additionally, Mikawaya21 delivers food parcels to elderly households in rural areas using drones, ensuring that those in sparsely populated regions receive necessary supplies. The company is committed to creating a society where seniors can live with peace of mind, offering affordable services such as house cleaning, general home assistance, and furniture moving to further support the elderly population.

Quan

Series A in 2014
Quan Inc. develops content for smartphone applications and web. The company develops characters contents such as Betakkuma, Sugar Cubs, Business Fish, Piyomaru, sticker shop for au Smartpass, Mr.Egg, Elice, Kawaii Kaomoji Book, handwritten stickers, AIS MystickerShop and game contents that includes emotipon. The company offers characters for mobile carriers, chatting applications and platforms of Japan and Southeast Asian nations. Quan Inc. was founded in 2011 and is based in Tokyo, Japan.

Crowd Cast

Series A in 2014
Crowd Cast, Ltd. is a Tokyo-based fintech startup established in 2011 that specializes in developing smart cards aimed at corporate clients. The company offers the Staple Card, a prepaid corporate card designed to eliminate the need for expense reimbursement processes for employees. This innovative solution simplifies the payment process between businesses and their staff, enabling small and medium-sized enterprises (SMEs) to manage spending more effectively. The Staple Card, a general purpose reloadable VISA-branded card, addresses a gap in the Japanese market by providing an alternative to traditional corporate credit cards, which often require challenging credit assessments. By facilitating cashless transactions and reducing reliance on paper and Excel-based expense reports, Crowd Cast aims to enhance operational efficiency for SMEs while also minimizing bank transfer fees and providing real-time cash flow visibility.