About DNX Capital
At DNX Capital, we hold ourselves to the standard of genuine excellence embodied by the world’s great venture firms. Every member is committed to relentless self-improvement so that when our entrepreneurs need us most, we are ready. All of it in service of a more vibrant and dynamic startup ecosystem in Japan.
“The Relentless Pursuit of Excellence”
Our ultimate goal is to elevate the Japanese startup ecosystem to higher standards. Never complacent with short-term wins or our own success, we hold ourselves to the standards of the world’s best. True excellence demands humility — and an unrelenting focus on what truly matters.
“True Allies of Entrepreneurs”
We run alongside the entrepreneurs we believe in — a VC’s character is revealed not in fair weather, but when headwinds hit hardest. We stand shoulder to shoulder, always asking the hard questions when it matters, and share in both the weight of every challenge and the joy of every breakthrough.
“A Commitment to Constant Growth and Self- Improvement”
Each of us is a professional with an edge worth sharpening. We never stop learning — because the relentless pursuit of growth is itself an inspiration to those around us. We strive to be the living knowledge base that every entrepreneur can turn to.
“The Disciplined Pursuit of True Intuition”
We understand that the analytical mind can only take us so far. The entrepreneurs we back pursue ideals that transcend logic, data, and precedent — ideals whose true beauty cannot be measured. Only those at the front line can see it. We relentlessly hone our intuition to capture what numbers cannot, and carry that conviction outward into the world.
“Compounding Success”
A lucky win is not a formula. True professionals define the path to repeatable success — fusing hard-won experience with the rigor of systematic analysis. We continuously refine and elevate our playbook, so that every engagement makes us sharper than the last.
“Elevate the Team”
What one person can create alone is inherently limited. At DNX, we advance as one. We catch what others drop, celebrate those who support from behind, and sharpen each other’s unique edges — all in service of delivering the greatest possible value to our entrepreneurs.
“Relentless Architects of Change”
We back those driven by a mission to transform the structural challenges facing industries and society. These are founders who believe change is their calling — who forge new paths where none exist, and pursue bold visions capable of reshaping Japan and the world.
“First to the Front Lines”
We back those with an obsession for truly understanding the problem. They immerse themselves in their industries and customers, listen with tenacity to the voices on the ground, and move markets from the roots up. Customer success isn’t just a metric — it is a conviction.
“Hungry. Humble. Never Finished.”
We back those with an insatiable hunger for growth. To lead their team to the next stage, they never stop learning. They remain humble, welcome new knowledge, and are perpetually in search of the seeds of their next breakthrough.
“Outthink. Outwork. See It Through.”
We back those who combine deep conviction with overwhelming execution — who hold themselves to the question: am I truly doing what needs to be done? They press thought and action forward with relentless consistency, in unwavering pursuit of the future they have chosen to build.
“A Gravitational Force for Change”
No one changes the world alone. We back those who draw others in through sheer human magnetism — who earn the trust of the best minds around them and move teams and society through the power of consistent conviction. We back those with the gravitational pull to set a tide of change in motion.
“Stewards of Something Greater”
We back those who understand that a company belongs to more than its founder. Free from self-interest or the urge to control, open to the counsel of others, these leaders dedicate themselves to maximizing enterprise value — and make every decision with the company as their north star.
“Pay It Forward. Earn the Legacy.”
We back those who are eager to share what they’ve built — their success, their knowledge, their experience. With gratitude for support along the journey, they give back to their organizations, to their industry, and to society. Through the wisdom they pass on, they carry the torch of transformation to the next generation.
Investment Strategy
Across three main funds plus annex and seed funds — 8 funds in total — we manage approximately JPY 71 billion in cumulative AUM.
By combining multiple funding stages, we invest continuously — from founding and seed through to exit.
Focus
/ Japan + APAC
We invest in B2B startups across Japan and APAC, with a particular focus on B2B software, contributing to the transformation of business and industry in both regions.
/ Board Member
We lead early-stage rounds and serve as outside directors — supporting business growth through effective governance and active monitoring.
Contributing to
Japan’s Startup Ecosystem
Japan’s venture capital industry is still evolving. Learning from U.S.
VC firms that are a decade ahead, we engage in advocacy and pro bono work
— contributing to the healthy growth and reform of Japan’s startup ecosystem.
Corporate Governance
in Startups
Corporate governance among Japanese startups remains underdeveloped in many ways. Akira offers insights and suggestions for establishing governance structures that promote industry growth within Japan’s founder-friendly legal system and business practices. This work has been included in guidance issued by Japan’s Ministry of Economy, Trade, and Industry (METI).
Entrepreneurship Education for
the Next Generation
We contribute to entrepreneurship education in Japan by offering endowed courses at Doshisha University and Institute of Science Tokyo.