Keio Rail Fund

Profile, fund size and portfolio

Parent KeioHQ Tokyo, JapanFounded 2026

Keio Rail Fund is the corporate venture arm of Keio, a logistics and transportation company. It was founded in 2026 and is based in Tokyo, Japan. It invests from seed to Series B. Sectors it names: media and gaming, consumer and retail, enterprise software, climate and energy.

Fund sizeS1: JPY 8bn

Every figure links to its source

Snapshot

Investment stage: Seed to Series B

Data behind this graphic

Data behind this graphic
Item	Value
Stage range	Seed to Series B
Sectors	Media and gaming, Consumer and retail, Enterprise software, Climate and energy
Geography	Asia
Offices	Tokyo, Japan

Sources: S2 Spiral Capital fund page: Keio Rail Fund; S1 Spiral Capital news: co-formation of the JPY 8 billion Keio Rail Fund (Japanese).

Scale and capital allocated

Data behind this graphic

Data behind this graphic
Measure	Value	Unit	Kind	Source
Headline size	JPY 8bn	Fund size	Stated by the firm or its parent	S1
Companies on the firm's portfolio page	3	companies	Counted from the firm's own list	S2

Sources: S1 Spiral Capital news: co-formation of the JPY 8 billion Keio Rail Fund (Japanese); S2 Spiral Capital fund page: Keio Rail Fund.

Where it invests

Geography

Headquarters: Tokyo, Japan
Offices: Tokyo, Japan

Investment regionsS2 S1

Asia

Key facts

Fact	Value	Status	Source
Parent company	Keio	Single source	S1
Parent industry	Logistics and transportation	Single source	S1
Founded	2026	Single source	S1
Headquarters	Tokyo, Japan	Single source	S1
Status	Active	Single source	S1
Capital source	Parent company only	Single source	S2
Headline size	JPY 8bn (Fund size)	Single source	S1
Stages	Seed, Series A, Series B (inferred from announced rounds)	Estimate	S2

For founders

Item	What the firm says	Source
Stages	Seed, Series A, Series B. Inferred from announced rounds; the firm does not state a range.	S2
Check size	JPY 100M to JPY 500M	S2
Beyond capital	Co-creation using Keio Group's regional assets along the railway lines, brand trust and customer network	S1

Fund vehicles

Vehicle	Size	Year	Source
Keio Rail Fund Investment Limited Partnership	JPY 8bn	2026	S1

History

2026Keio Rail Fund formed on 1 February 2026 with Spiral Innovation Partners as managerS1

Portfolio

The firm's portfolio page lists 3 companies.S2

Shared portfolio with other corporate VCs

2 companies on the Keio Rail Fund portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company website, or by name where no website is published.

Firm	Shared	Companies in common
Dentsu Ventures	1	Facilo
Terada Warehouse Creation Camp TENNOZ	1	Kiviaq

Companies backed by the most corporate VCs

Every company on the Keio Rail Fund list

3 companies, as listed on the firm's own website.S2 Read the firm's list.

Facilo
iiba
Kiviaq

Official pages

Read the firm's own pages for current information.

Website spiral-cap.com/fund/keio-rail-fund/

Sources

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by Keio Rail Fund 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.

Spotted a mistake? Report a correction.

Report a correction