COLOPL NEXT
Profile, fund size and portfolio
COLOPL NEXT is the corporate venture arm of COLOPL, Inc. (mobile and console games, XR and metaverse). It was founded in 2015 and is based in Tokyo, Japan. It invests from Seed to Late stage in advanced technology, btoC, entertainment.
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Seed to Late stage |
| Sectors | Advanced technology, BtoC, Entertainment, Lifestyle and services, Media and content, Technology |
| Geography | Japan, Europe and North America, ASEAN, Japan, USA, Korea startups, Korea and Southeast Asia |
| Offices | Tokyo (Minato-ku, Akasaka), Japan, Seoul, South Korea |
Sources: S8 Colopl news: Wunderbar investment; S2 COLOPL NEXT about (JP).
Data behind this graphic
| Item | Companies | Share |
|---|---|---|
| SaaS | 44 | 13.1% |
| XR | 35 | 10.4% |
| Emerging Tech | 34 | 10.1% |
| AI | 27 | 8% |
| Health | 25 | 7.4% |
| App | 24 | 7.1% |
| Media | 19 | 5.7% |
| HR | 17 | 5.1% |
| Game | 16 | 4.8% |
| IP | 16 | 4.8% |
| Sharing | 13 | 3.9% |
| Ad | 13 | 3.9% |
| subscription | 11 | 3.3% |
| Edtech | 11 | 3.3% |
| D2C | 8 | 2.4% |
| Influencer | 8 | 2.4% |
| Security | 6 | 1.8% |
| Others | 6 | 1.8% |
| Web3 | 3 | 0.9% |
A company can carry more than one tag
Sources: S5 COLOPL NEXT portfolio (JP/EN, filterable by year, industry, status, country).
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | Not disclosed by the firm. | |||
| Companies backed | 282 | companies | Stated by the firm | S5 |
| Exits | 66 | exits | Stated by the firm | S1 |
| Companies on the firm's portfolio page | 180 | companies | Counted from the firm's own list | S5 |
Sources: S5 COLOPL NEXT portfolio (JP/EN, filterable by year, industry, status, country); S1 COLOPL NEXT home (JP).
Where it invests and who leads it
Geography
- Headquarters
- Tokyo, Japan
- Offices
- Tokyo (Minato-ku, Akasaka), Japan
- Seoul, South Korea
Investment regionsS8S2
- Japan, Europe and North America, ASEAN
- Japan, USA, Korea startups
- Korea and Southeast Asia
LeadersS3
- Shintaro YamakamiPresident and CEO, General Partner (代表取締役社長 General Partner)LinkedInFirm page
- Koichi IshizukaPortfolio ManagerFind on LinkedInFirm page
- Hideya SakuraiVenture PartnerFind on LinkedInFirm page
- Wynn WangInvestment Manager (overseas investment team)Find on LinkedInFirm page
- Hongwon HahnCEO, Colopl Next KoreaFind on LinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | COLOPL, Inc. (TSE: 3668) | Single source | S4 |
| Parent industry | Mobile and console games, XR and metaverse | Single source | S8 |
| Founded | 2015 | Single source | S4 |
| Headquarters | Tokyo, Japan | Single source | S4 |
| Status | Active | Single source | S6 |
| Capital source | Parent company only | Single source | S4 |
| Companies backed | 282 | Single source | S5 |
| Exits | 66 total | Single source | S1 |
| Stages | Seed, Series A, Series B, Series C+, Late stage | Single source | S8 |
Fund vehicles
| Vehicle | Size | Year | Note | Source |
|---|---|---|---|---|
| Colopl Next Fund No.2 (Colopl VR Fund) | USD 50M | 2016 | Up to USD 50 million planned, contributed by COLOPL and COLOPL NEXT; VR focus | S9 |
| Colopl Next Fund No.4 (Colopl VR Fund 2) | USD 50M | 2017 | Established 31 Jan 2017; USD 50 million scale; combined VR funds USD 100 million | S11 |
| Colopl Next Fund No.8 | JPY 5bn | 2022 | Upper limit JPY 5,050 million ; formation planned April 2022; COLOPL to hold 99.01% | S10 |
| Fund No.1 | Not published | 2015 | Seed-early, student founders | S2 |
| Fund No.3 | Not published | 2017 | Seed-early, mainly under-30 founders | S2 |
| Fund No.5 | Not published | 2017 | Middle-later, IT-focused pure investment | S2 |
| Fund No.6 | Not published | 2017 | Seed-early, student founders | S2 |
| Fund No.7 | Not published | 2018 | Middle-later, IT-focused pure investment | S2 |
| Listed equity fund | Not published | 2018 | Investments in listed companies | S2 |
| The Next Unicorn Fund | Not published | 2020 | Startups in Korea and Southeast Asia | S2 |
Portfolio
The firm's portfolio page lists 180 companies: 50 exited, 130 active.S5
The firm also states 282 companies backed. The page list and the stated total measure different things.S5
| Tag | Companies | Share |
|---|---|---|
| Exited | 50 | 27.8% |
| Active | 130 | 72.2% |
| Tag | Companies | Share |
|---|---|---|
| SaaS | 44 | 24.4% |
| XR | 35 | 19.4% |
| Emerging Tech | 34 | 18.9% |
| AI | 27 | 15% |
| Health | 25 | 13.9% |
| App | 24 | 13.3% |
| Media | 19 | 10.6% |
| HR | 17 | 9.4% |
| Game | 16 | 8.9% |
| IP | 16 | 8.9% |
| Sharing | 13 | 7.2% |
| Ad | 13 | 7.2% |
| subscription | 11 | 6.1% |
| Edtech | 11 | 6.1% |
| D2C | 8 | 4.4% |
| Influencer | 8 | 4.4% |
| Security | 6 | 3.3% |
| Others | 6 | 3.3% |
| Web3 | 3 | 1.7% |
Every company on the COLOPL NEXT list
180 companies, as listed on the firm's own website: 130 active, 50 exited.S5 Read the firm's list.
Active 130
- 10ping Inc.
- AccordX, Inc.
- ADDS, inc.
- AESOP Technology, Inc.
- Aiello AI Inc.
- Akuodigital Corp.
- Alice Style, Inc.
- ALL in Co., Ltd.
- Arblet Inc.
- AttoPlex Inc.
- Autotelicbio, Inc.
- Bigscreen, Inc.
- BitStar Inc.
- Bound Entertainment
- Bunch Live, Inc.
- CaseBlink, Inc.
- ChillStack, Inc
- closip Inc.
- CNCure biotech Inc.
- Coagulant Therapeutics, Inc.
- ConnexioH, Inc.
- Coopel, Inc.
- CORE,Inc.
- Counter Culture US, Inc.
- DirectCloud, Inc.
- Dropee, INC.
- Ecleo Co., Ltd
- efoo Inc.
- Evrika
- Exosphere Labs Co., Ltd.
- Experiment7, Inc.
- Extended Reality Labs Inc.
- Farmio Holdings Limited
- Floreo, Inc.
- Forward, inc.
- FOVE, Inc.
- Funtap Joint Stock Company
- G4M3RZ Inc.
- Game Server Services, Inc.
- Gecipe Inc.
- GreenFuture Tech Inc.
- Hard Core Technology Corp.
- HealthHub Co., Ltd
- HUPRO,inc
- Immersv, Inc.
- Infoplus Co. Ltd,
- Innerspace VR, Inc.
- InsideMaps Inc.
- Insta VR
- Instavino Inc.
- inSTREAMLY
- IzanagiGames, Inc.
- Jaein R&P Corp
- JAPAN FUDO INDUSTRY Inc.
- Jellie AI, Inc
- kakutoku, Inc.
- LATRICO Inc.
- Levellr Ltd.
- Levr Technologies Inc.
- Little Rooms,Inc.
- Little Star Media, Inc.
- Lozi Vietnam Jsc.
- Mampyeonhan World Co., Ltd
- Manifest Labs, Inc.
- MASSLESS CORP.
- Mepple,Inc.
- Miroom, Inc.
- Musicow, Inc.
- Nanome Inc.
- Ncer Co., Ltd
- NEL INC.
- Neurozen, Inc.
- NoSchool inc.
- Npcore, Inc
- NRISE, Inc.
- Odd Concepts Inc.
- OnSiteIQ, Inc
- PAYTA LAB CORP.
- Perigee Aerospace, Inc.
- PETOKOTO, Inc.
- pickupon Inc.
- Pinscreen, Inc.
- PlayLabs CCorp
- PLAYTANGO, Inc
- Polyarc, Inc.
- POSVAX CO. LTD.
- Pragma,Inc.
- PT Ayopop Teknologi Indonesia
- Rael Inc.
- RambleOn, Inc.
- RayMed Inc.
- Realities.io Inc.
- Resolution Games AB
- Restream, Inc.
- Return Helper Limited
- Rogue Initiative Studios.
- ROWAN Inc.
- SamuraiGamers Inc.
- SHOWPLACE, INC.
- Skelter Labs Co., Ltd.
- Snvia Co., Ltd.
- STYLY,Inc.
- TableCheck Inc.
- Tangerine Inc.
- tanuki tech Co., Ltd.
- TechnoBlood eSports Inc.
- TechSword Inc.
- The New Base
- TouchSpot Inc.
- Treasurer Co., Ltd.
- Tripsight Inc.
- Truck Lagbe, Inc.
- TWAVE
- UCI Therapeutics, Inc.
- UploadVR, Inc.
- Urth Inc.
- User Like, Inc.
- Utill Inc.
- VAZ Inc.
- Video Village Corp.
- Vinovest Inc.
- Vivid Vision, Inc
- Vogoplay Co., Ltd
- VR Innovator Inc.
- vuihoc.vn
- Wonder Technologies, Inc.
- Wunderbar.
- YAMAP INC.
- Youcanevent, Inc.
- Zimcarry Co., Ltd.
Exited 50
- A1A Inc.
- adish co. ltd.
- airRoom Technologies, Inc.
- CACH Inc.
- Channel Corp.
- Cloudike Inc.
- Craful Inc.
- DogHuggy Inc.
- DRIVEMATE CO., LTD
- Epigno Co., Ltd.
- EPISODEN Inc.
- Fablic Co., Ltd.
- Flitto Inc.
- Fuller, Inc.
- Fyusion, Inc.
- Hachidori Inc.
- HOSHIGUMI, Inc.
- Japan Work, Inc.
- JSecurity,Inc.
- Kaizen Platform, Inc.
- LANCERS, Inc.
- Laxus Technologies, inc.
- LIMITLESS ENTERTAINMENT, Ltd.
- Lit Live, Inc.
- Lovegraph Inc.
- MAKEY Inc.
- Matcher Inc.
- Mobidays, Inc.
- New World Company Inc.
- Nitero, Inc.
- Omnipresence Inc.
- ORIGRESS Inc.
- Owlchemy Labs LLC
- Papero Inc.
- Payke, Inc.
- PlayFab, Inc.
- requpo inc.
- Retinad
- SALOWIN Co., Ltd.
- Sider, Inc.
- SODA Inc.
- SPACES INC.
- StayList Inc.
- Symmetry Dimensions Inc.
- Theta Labs, Inc.
- Timee, Inc.
- Torana, Inc
- Traimmu Inc
- VRex Lab
- WAM Group Ltd.
Investments by year
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
| Company | Type | Year | Acquirer or exchange | Price | Source |
|---|---|---|---|---|---|
| LANCERS, Inc. | IPO | TYO:4484 | S5 | ||
| Kaizen Platform, Inc. | IPO | TYO:4170 | S5 | ||
| Flitto Inc. | IPO | KOSDAQ:300080 | S5 | ||
| Timee, Inc. | IPO | TYO:215A | S5 | ||
| adish co. ltd. | IPO | TYO:7093 | S5 | ||
| Mobidays, Inc. | IPO | KOSDAQ:363260 | S5 | ||
| PlayFab, Inc. | Acquisition | Microsoft Corporation | S5 | ||
| Owlchemy Labs LLC | Acquisition | Google LLC | S5 | ||
| Nitero, Inc. | Acquisition | Advanced Micro Devices, Inc. | S5 | ||
| Papero Inc. | Acquisition | Snap, Inc. | S5 | ||
| SPACES INC. | Acquisition | Apple Inc. | S5 | ||
| Omnipresence Inc. | Acquisition | Google LLC | S5 | ||
| Fablic Co., Ltd. | Acquisition | Rakuten Group, Inc. | S5 | ||
| SALOWIN Co., Ltd. | Acquisition | 2026 | Hulic Co., Ltd. | S17 |
For founders
| Item | What the firm says | Source |
|---|---|---|
| Stages | Seed, Series A, Series B, Series C+, Late stage | S8 |
| Beyond capital | Follow-on investment, fundraising and loan/subsidy support; Collaboration with Colopl group; Collaboration between portfolio companies; overseas expansion and sales support; Recruiting, PR/IR, founding-stage support | S22 |
| Contact form | www.coloplnext.co.jp/contact/ | S1 |
Recent rounds
| Date | Company | Round | Amount | Led by the firm | Source |
|---|---|---|---|---|---|
| 2026-02-27 | ALL in | Total JPY 800 million raised (round not named); COLOPL NEXT participated | JPY 800M | S13 | |
| 2025-11-11 | CORE | Seed | Not stated | S14 | |
| 2025-06-25 | Wunderbar | Series A (about JPY 500 million total) | JPY 500M | S8 | |
| 2025-04-08 | Urth | Seed round 2nd close | Not stated | S15 | |
| 2025-03-31 | CaseBlink, Inc. | Pre-Seed (USD 2M per The AI Insider, 2025-03-20) | USD 2M | S16 |
History
- COLOPL NEXT established on 10 Feb 2015 as a Colopl subsidiary; Fund No.1 vintage 2015.S4
- Colopl VR Fund (Fund No.2) planned at up to USD 50 million.S9
- Colopl VR Fund 2 established 31 Jan 2017; combined VR funds USD 100 million.S11
- Listed equity fund started.S2
- The Next Unicorn Fund (Korea, Southeast Asia) vintage year.S2
- Fund No.8 set up, upper limit JPY 5,050 million.S10
- Timee listed on TSE (portfolio company, ticker 215A).S5
- Home page reports 282 investments and 66 exits as of 2025-09-30.S1
Where sources disagree
- Launch year: 2015 (S4) vs 2012 (S21). Company site and Colopl filings say established 10 Feb 2015; VC Review third-party page shows 2012.S4S21
- Companies backed: 282 investments (home page counter, as of 2025-09-30) (S1) vs 180 company rows on portfolio page (S5) vs over 200 portfolio companies (about page) (S2). Home page counts investments incl. rounds; portfolio page lists companies. Stored 282 as published on home page, label 'Number of investments'.S1S5S2
Official pages
Read the firm's own pages for current information.
Sources
- S1COLOPL NEXT home (JP)Firm
- S2COLOPL NEXT about (JP)Firm
- S3COLOPL NEXT member (JP)Firm
- S4COLOPL NEXT company (JP)Firm
- S5COLOPL NEXT portfolio (JP/EN, filterable by year, industry, status, country)Firm
- S6COLOPL NEXT news indexFirm
- S7COLOPL NEXT about (EN)Firm
- S8Colopl news: Wunderbar investmentParent company
- S9Colopl news: Colopl VR FundParent company
- S10TSE timely disclosure: 8th fund (Colopl, 24 Feb 2022)Filing
- S11COLOPL NEXT news: Colopl VR Fund 2Firm
- S12LinkedIn: Shintaro Yamakami (search result headline)Third-party report
- S13COLOPL NEXT news: ALL in investmentFirm
- S14COLOPL NEXT news: CORE investmentFirm
- S15COLOPL NEXT news: Urth investmentFirm
- S16COLOPL NEXT news: CaseBlink investmentFirm
- S17COLOPL NEXT news: SALOWIN share transfer to HulicFirm
- S18Nikkei Compass: COLOPL NEXT company infoPress
- S19Colopl Next KoreaFirm
- S20Speeda: Colopl Next investor profileThird-party report
- S21VC Review: Colopl NextThird-party report
- S22COLOPL NEXT supportFirm
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by COLOPL NEXT or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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