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Z Venture Capital

Profile, fund size and portfolio

Parent LY CorporationHQ Tokyo, JapanFounded 2012

Z Venture Capital is the corporate venture arm of LY Corporation (internet, messaging and portal services). It was founded in 2012 and is based in Tokyo, Japan. It invests from Seed to Series B in commerce, media, fintech.

Cumulative investedS1
JPY 185bn
Companies backedS2
232

Every figure links to its source

Snapshot

Investment stage: Seed to Series B
Data behind this graphic
Data behind this graphic
ItemValue
Stage rangeSeed to Series B
SectorsCommerce, Media, Fintech, SaaS, AI, Data
GeographyAsia, North America (Portfolio companies by region, from the firm's portfolio page)
OfficesTokyo, Japan, Seoul, South Korea, San Francisco, United States

Sources: S7 ZVC: Investing in Clouted ($7M seed); S2 Z Venture Capital Portfolio (area, sector and fund tags); S1 Z Venture Capital About (fund timeline, offices, company overview); S6 Z Venture Capital portfolio by area (Japan, Korea, US, Asia, Others tag pages).

Graphic 1 of 3

Investment stage: Seed to Series B

Investment stage: Seed to Series BBar showing Z Venture Capital invests from seed to series b. Sector chips: commerce, media, fintech, saas, ai, data. Stacked bar of portfolio companies by region, from the firm's portfolio page.Investment stage: Seed to Series BZ Venture CapitalSTAGEPre-seedSeedSeries ASeries BSeries C+GrowthLate stagePORTFOLIO MIXPortfolio by the firm's own tags, share of 232 companiesFund ZVC139.7% (92)Fund YJ222% (51)Fund YJ311.2% (26)Fund ZVC210.3% (24)Fund LVG8.6% (20)GEOGRAPHYPortfolio companies by region, from the firm's portfolio page147272014Japan 147South Korea 27United States 20Asia 14Others 4CorporateVentureCapital.comSources: S7, S2, S1, S6, listed on the profile
Data behind this graphic
ItemValue
Stage rangeSeed to Series B
SectorsCommerce, Media, Fintech, SaaS, AI, Data
GeographyAsia, North America (Portfolio companies by region, from the firm's portfolio page)
OfficesTokyo, Japan, Seoul, South Korea, San Francisco, United States

Sources: S7 ZVC: Investing in Clouted ($7M seed); S2 Z Venture Capital Portfolio (area, sector and fund tags); S1 Z Venture Capital About (fund timeline, offices, company overview); S6 Z Venture Capital portfolio by area (Japan, Korea, US, Asia, Others tag pages).

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Investments closed by company type
Data behind this graphic
Data behind this graphic
ItemCompaniesShare
Fund ZVC19236.9%
Fund YJ25120.5%
Fund YJ32610.4%
Fund ZVC2249.6%
Fund LVG208%
Fund YJ1197.6%
Fund LVJ176.8%

A company can carry more than one tag

Sources: S2 Z Venture Capital Portfolio (area, sector and fund tags).

Graphic 2 of 3

Investments closed by company type

Investments closed by company typeDonut chart of portfolio by the firm's own tags: Fund ZVC1 36.9%, Fund YJ2 20.5%, Fund YJ3 10.4%, Fund ZVC2 9.6%, Fund LVG 8%, Fund YJ1 7.6%, Other (1 tags) 6.8%.Investments closed by company typeZ Venture Capital · Portfolio by the firm's own tags249TAGS ON 232 COMPANIESFund ZVC136.9% 92Fund YJ220.5% 51Fund YJ310.4% 26Fund ZVC29.6% 24Fund LVG8% 20Fund YJ17.6% 19Other (1 tags)6.8% 17CorporateVentureCapital.comSource: Z Venture Capital Portfolio (area, sector and fund tags)
Data behind this graphic
ItemCompaniesShare
Fund ZVC19236.9%
Fund YJ25120.5%
Fund YJ32610.4%
Fund ZVC2249.6%
Fund LVG208%
Fund YJ1197.6%
Fund LVJ176.8%

A company can carry more than one tag

Sources: S2 Z Venture Capital Portfolio (area, sector and fund tags).

Download:Report a correction
Scale and capital allocated
Data behind this graphic
Data behind this graphic
MeasureValueUnitKindSource
Headline sizeJPY 185bnCumulative investedStated by the firm or its parentS1
Companies backed232companiesStated by the firmS2
Companies on the firm's portfolio page232companiesCounted from the firm's own listS6

Sources: S1 Z Venture Capital About (fund timeline, offices, company overview); S2 Z Venture Capital Portfolio (area, sector and fund tags); S6 Z Venture Capital portfolio by area (Japan, Korea, US, Asia, Others tag pages).

Graphic 3 of 3

Scale and capital allocated

Scale and capital allocatedZ Venture Capital headline size JPY 185bn, basis: Cumulative invested. Dot strip of 2 published counts: Companies backed 232; Companies on the firm's portfolio page 232.Scale and capital allocatedZ Venture CapitalJPY 185bnCUMULATIVE INVESTEDCOUNTS THE FIRM AND ITS PAGES PUBLISH1001,000Companies backed232 companiesCompanies on the firm's portfolio page232 companiesStated by the firmCounted from a list or another sourceCorporateVentureCapital.comSources: S1, S2, S6, listed on the profile
Data behind this graphic
MeasureValueUnitKindSource
Headline sizeJPY 185bnCumulative investedStated by the firm or its parentS1
Companies backed232companiesStated by the firmS2
Companies on the firm's portfolio page232companiesCounted from the firm's own listS6

Firms and databases count companies, rounds and investments differently.

Sources: S1 Z Venture Capital About (fund timeline, offices, company overview); S2 Z Venture Capital Portfolio (area, sector and fund tags); S6 Z Venture Capital portfolio by area (Japan, Korea, US, Asia, Others tag pages).

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Where it invests and who leads it

Geography

Headquarters
Tokyo, Japan
Offices
  • Tokyo, Japan
  • Seoul, South Korea
  • San Francisco, United States

Portfolio companies by regionS7S2S1S6

  • Japan147 · 69%
  • South Korea27 · 13%
  • United States20 · 9%
  • Asia14 · 7%
  • Others4 · 2%

Portfolio companies by region, from the firm's portfolio page

LeadersS3

Z Venture Capital on LinkedIn

Key facts

FactValueStatusSource
Parent companyLY CorporationSingle sourceS1
Parent industryInternet, messaging and portal services (Z Holdings, LINE, Yahoo Japan)Single sourceS1
Founded2012Single sourceS1
HeadquartersTokyo, JapanSingle sourceS1
StatusActiveSingle sourceS1
Capital sourceParent company onlySingle sourceS1
Headline sizeJPY 185bn (Cumulative invested)Single sourceS1
Companies backed232Single sourceS2
People on the team page25Single sourceS3
StagesSeed, Series A, Series B (inferred from announced rounds)EstimateS7

Fund vehicles

VehicleSizeYearNoteSource
YJ1JPY 3bn2012S1
LVGUSD 100M2014S1
YJ2JPY 20bn2015S1
LVJJPY 2.5bn2015S1
YJ3JPY 10bn2018S1
EVG1USD 250M2018EV Growth partnership fundS1
EVG2USD 400M2021EV Growth partnership fundS1
ZVC1JPY 30bn2021S1
ZVC2JPY 30bn2025S1

Portfolio

The firm's portfolio page lists 232 companies.S6

Portfolio by the firm's own tags. A company can carry more than one tagS2
TagCompaniesShare
Fund ZVC19239.7%
Fund YJ25122%
Fund YJ32611.2%
Fund ZVC22410.3%
Fund LVG208.6%
Fund YJ1198.2%
Fund LVJ177.3%

Shared portfolio with other corporate VCs

42 companies on the Z Venture Capital portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company name across the firms' own lists.

FirmSharedCompanies in common
NTT DOCOMO Ventures13Baseconnect, Inc., Josys, Kaizen Platform, Inc., MFS, mov inc., Turing Inc., and 7 more
Salesforce Ventures9Baseconnect, Inc., Helpfeel Inc., Visional, Zeals, Chatbook, Hubble, and 3 more
Sony Innovation Fund5Josys, MFS, Hacobu, Pictoria, Shippio
Dentsu Ventures4Turing Inc., double jump. tokyo Inc., SORAJIMA Inc., Yoyogi Animation Group
Samsung Next3Bria, Config Intelligence, Munice
COLOPL NEXT3Kaizen Platform, Inc., AccordX, BUNCH LIVE, INC.
Rakuten Capital3mov inc., Visional, OKAN Inc.
LG Technology Ventures2Config Intelligence, KOKOZI CO., LTD.
Hakuhodo DY Ventures2Helpfeel Inc., Zeals
Animoca Brands2Superplastic, Virtual Arts
Intel Capital1Bria
NAVER D2SF and NAVER Ventures1Munice

Companies backed by the most corporate VCs

Every company on the Z Venture Capital list

232 companies, as listed on the firm's own website.S6 Read the firm's list.

  • 17LIVE INC.
  • AB180
  • AccordX
  • AFINIT
  • AgeWellJapan inc.
  • Aillis, Inc.
  • Aiming Inc.
  • AKROS TECHNOLOGIES, INC.
  • alu Inc.
  • AMARTHA MIKRO FINTEK
  • aquwa Co.,Ltd.
  • Aracan Co.Ltd.
  • ASOVIEW Inc.
  • BALLAS, Inc.
  • Baseconnect Inc.
  • bellFace
  • Bespo Inc.
  • Bimini Ventures Ltd.
  • BlueBank,Inc.
  • Bluepoint
  • Boomee Co., Ltd.
  • BREAK & COMPANY INC.
  • brend Inc.
  • BRIA
  • Brookhurst Garage, Inc.
  • BUNCH LIVE, INC.
  • Candee, Inc.
  • Carpenstreet Inc.
  • Catalog Technologies Inc.
  • ChatBook Co. Ltd.
  • CHEQUER Inc.
  • Chronicle Studios
  • Cinch
  • Clouted
  • coco Inc.
  • ColorSing, Inc.
  • comici, Inc.
  • Commune
  • Config Intelligence
  • COUNTER WORKS Inc.
  • CUPIST INC.
  • DATAMAKER CORP.
  • dely Inc.
  • DESTY KARSA WESYA PTE. LTD.
  • DIALPAD, INC.
  • DISQO, INC.
  • DOKIDOKI GROOVEWORKS, Inc
  • double jump. tokyo Inc.
  • DRIVER Technologies Inc.
  • ECOMOBI CORPORARION, PTE, LTD
  • ElevationSpace Inc.
  • ENDOWUS HOLDINGS PTE. LTD.
  • Evolany Co., Ltd.
  • FACTBLOCK CORP.
  • Fairy Devices Inc.
  • Fastwork Holdings Pte. Ltd.
  • Fauna, Inc.
  • FINFRA TECH HOLDINGS PTE. LTD.
  • FLIK GLOBAL PTE. LTD.
  • foriio, Inc
  • FreakOut Holdings, inc.
  • Future Standard Co., Ltd.
  • GAJO Co., Ltd.
  • GameWith, Inc.
  • GarageBank Corporation
  • Geniee, Inc.
  • Genon, Inc
  • GMO Cybersecurity by lerae, Inc.
  • goooods, Inc.
  • grow & partners Co., Ltd.
  • Habit factory
  • Hachimenroppi, Inc.
  • Hacobu, Inc.
  • Hello, Inc.
  • Helpfeel Inc.
  • Hitokuse Inc.
  • Holiday Inc.
  • Hopae INC.
  • Hubble,Inc.
  • HUSTAR
  • Icart Group Pte. Ltd.
  • IDN Media Pte. Ltd.
  • ietty. Inc
  • iHok Co., Ltd.
  • IMCF Co., Ltd.
  • InstaVR K.K.
  • International Company Limited
  • Intimate Merger, Inc.
  • iPrice Group Sdn Bhd
  • JEONGYOOKGAK INC.
  • jig.jp co.,ltd.
  • Josys INC.
  • Joyz, Inc.
  • justInCase, Inc.
  • Kaizen Platform, Inc.
  • Kamakura Shinsho, Ltd.
  • KEEN Inc.
  • KIDENTIFY CORP.
  • Kino Technologies
  • kinolights Co.,Ltd.
  • KOKOZI CO., LTD.
  • Kufu Company Inc.
  • Kyuzan Inc.
  • Lang-8, Inc.
  • LayerX Inc.
  • LEAN BODY Inc.
  • Let Inc.
  • LIFEAT INC.
  • Linc Inc.
  • LinqAlpha
  • LITEVIEW Inc.
  • MARK & COMPANY INC.
  • MarketEnterprise Co., Ltd.
  • Meetscare Co. Ltd.
  • Meily Inc.
  • Melife
  • Mellia Inc.
  • metaLogos, inc.
  • MFS, Inc.
  • MG INNOVATION LAB, INC.
  • microCMS Inc.
  • MIGHTY TECHNOLOGIES, INC.
  • miive, Inc.
  • Mirai Tech Inc
  • Mirrativ, Inc.
  • MJOLNIR SPACEWORKS
  • Mobilus Corporation
  • Money Design Co., Ltd.
  • Monokabu Inc.
  • Monoxer, Inc.
  • Monstarlab Holdings Inc.
  • mov inc.
  • Movico Co., Ltd.
  • Munice Inc.
  • MUNTO INC.
  • MUSUBISU Co., Ltd.
  • NEIGHBOR, Inc.
  • NextHive International Pte. Ltd.
  • Nimble Rx, Inc.
  • NINE AM CO., LTD.
  • Ninja Logistics Pte. Ltd.
  • NON FUNGIBLE TOKEN LIMITED
  • Ocean.inc
  • OKAN Inc.
  • ONE MEDIA Inc.
  • Onetap, Inc
  • OUTLIER COLLECTIVE INC
  • PaletteCloud Inc.
  • PEGGY INC.
  • Perx Technologies Pte. Ltd.
  • Photosynth inc.
  • Picable., Inc.
  • Pictoria Inc.
  • Playco Global, Inc.
  • PoliPoli Inc.
  • PONT Co., Ltd.
  • PoPoKii Inc.
  • PvX Partners
  • QueryLift Inc.
  • RAKSUL INC.
  • RALALI PTE. LTD.
  • RareJob, Inc.
  • REJECT Inc.
  • Repro Inc.
  • Resort & Co. Inc.
  • Retty, Inc.
  • RLWRLD
  • RSQUARE CO. LTD.
  • RXC CORP.
  • Sakeai, Inc.
  • SALARY HERO PTE. LTD.
  • Scalar, Inc.
  • SHARE TREATS CO.,LTD.
  • SHAREDINECO., LTD.
  • Shippio, Inc.
  • SINGULAR LABS, INC.
  • SIRCLO PTE. LTD. (ex Smart Retailer Pte. Ltd.)
  • SmartBank, Inc.
  • SmileWorks Inc.
  • Social interior Inc.
  • SORAJIMA Inc.
  • SOZOW
  • Spectee Inc.
  • STONE.B
  • STORES, Inc.
  • STREAMI INC.
  • StudyPocket Inc.
  • SUNDAY INS HOLDINGS PTE. LTD.
  • SUPERPLASTIC, INC.
  • SUTELURA Inc.
  • Swif.ai
  • Sygaldry
  • TANP Inc.
  • TERASS Inc.
  • THE REAL GROUP CORP.
  • THECOO, Inc.
  • THIS IS CALA, INC.
  • TicketMe Inc.
  • TIPTIP HOLDINGS PTE. LTD.
  • Tokyo Otaku Mode Co. Ltd
  • TOKYO307 Inc.
  • Tooon Inc
  • TracX Logis
  • Turing Inc.
  • User Local, Inc.
  • Uzabase, inc.
  • VALT JAPAN CO.,LTD.
  • VIETCETERA PTE. LTD.
  • VILLAGE BABY INC.
  • VIROOL, INC.
  • VIRTUAL ARTS INC.
  • VIRTUSIZE Co.,Ltd.
  • Visional, Inc.
  • Visual Bank, Inc.
  • VIVERTA
  • VIVIDENT PTE. LTD.
  • waaq Inc.
  • want.jp Inc.
  • Welmo Inc.
  • WHILL, Inc.
  • WHITEPLUS, Inc.
  • Wilico, Inc.
  • Wonderplanet Inc.
  • WRTN TECHNOLOGIES INC.
  • Xbit, Inc.
  • Yappli, Inc.
  • Yourmy Star Inc
  • Yoyogi Animation Group
  • ZEALS Co., Ltd.
  • ZeroOne inc.
  • ZIDAI Inc.
  • ZUZU Hospitalty Solutions Pte. Ltd.

For founders

ItemWhat the firm saysSource
StagesSeed, Series A, Series B. Inferred from announced rounds; the firm does not state a range.S7
Contact formzvc.vc/en/contact/S1
Emailzvc-info@zvc.vcS1

History

  1. YJ Capital established on 7 Aug.S1
  2. YJ Capital merges with LINE Ventures (Apr) to form Z Venture Capital.S1
  3. ZVC Fund II of JPY 30 billion launched.S1

Official pages

Read the firm's own pages for current information.

Sources

  1. S1Z Venture Capital About (fund timeline, offices, company overview)Firm
  2. S2Z Venture Capital Portfolio (area, sector and fund tags)Firm
  3. S3Z Venture Capital MemberFirm
  4. S6Z Venture Capital portfolio by area (Japan, Korea, US, Asia, Others tag pages)Firm
  5. S7ZVC: Investing in Clouted ($7M seed)Firm
  6. S8ZVC: Investing in ElevationSpace (Series B follow-on)Firm
  7. S9Dealroom: Ocean lands ZVC Series APress

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by Z Venture Capital 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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