Open the door

to the Asian Dream

The most transformative growth rarely comes from capital alone. Through deep-rooted partnerships across Japan, we connect startups with the relationships, resources, and opportunities that turn potential into lasting impact.

Founded in

2012

as a venture capital arm of IMJ Corporation in Japan.

Located in

4 Countries

Japan, India, Singapore & Indonesia

Portfolio Companies

+70

Excluding Japan Fund

Our Value

Our story is one of transformation — from a Japan-based investment firm to a cross-regional venture catalyst — united by one belief: capital creates momentum, but relationships create transformation.
Integrity

Integrity

We uphold the highest standards of integrity in all our actions.
Partnership

Partnership

Collaboration is our most valuable capital.
Curiosity

Curiosity

We stay curious and open to new ideas and perspectives.
Impact

Impact

We strive to make a meaningful and lasting impact.
Agility

Agility

We adapt quickly to changing environments and opportunities.

Investment Policy

Southeast Asia and India are markets defined by velocity. New sector trends don't just emerge here — they accelerate, capturing attention and market share faster than almost anywhere else in the world.
Therefore, our fund will flexibly set the focus sector by taking leverage of being based in the market and analyzing the market trend in order not to miss out unforeseen investment opportunity

X-Tech

Business x Technology
O2O, Online Advertising
Health Care
Media Platform
Big Data
HR-Tech
EC, MarketPlace
Sharing Economy
IoT
Artificial Intelligent
Logistics/Transportation
Financial Technology

Investment Stage

Our strategy is deliberately stage and market-specific. We focus on seed and early-stage investments in India, and early to growth-stage opportunities across Southeast Asia.

A defining trend has emerged in recent years where international unicorns and corporations are increasingly pursuing acquisitions and strategic investments in startups well before they reach maturity. This reinforces our core thesis: that early-stage startups are uniquely positioned for corporate collaboration, offering the traction, financial clarity, and strategic value that corporations seek in a meaningful partner that will lead to viable exit opportunities.
Investment Stage 1 (Up to 100K USD)

Investment Stage 1 (Up to 100K USD)

We look for startups with a well-defined problem statement that reflects a genuine, underserved market need — not a solution in search of a problem. The proposed solution should be adoptable, meaning it fits naturally into existing user behavior or workflows without requiring significant behavioral change. At this stage, we expect founders to have identified a promising and reachable client base, with early validation in the form of paying customers, signed pilots, or committed LOIs that demonstrate real willingness to pay.

Investment Stage 2 (100K - 1M USD)

Investment Stage 2 (100K - 1M USD)

At this stage, the fundamentals must be in place. We look for strong product-market fit evidenced by healthy customer retention and low churn, indicating that the product is delivering consistent value. The business should either be profitable or have a credible, near-term path to profitability underpinned by sound unit economics. Growth should be sustainable — driven by repeatable acquisition channels rather than one-off spikes — and the founding team should be able to articulate a clear, executable expansion strategy, whether that means deepening penetration in their current market or expanding into adjacent geographies or segments.

Beyond Capital

What We Do

01

Venture Investment

02

Ecosystem development

03

Value Creation

We provide capital from seed to Series A+ across a range of structures, including convertible securities such as SAFE notes and convertible notes, as well as direct equity investment, giving ventures the financial foundation they need to grow with confidence.

The right ecosystem can define a company's trajectory. We place our portfolio companies at the heart of the networks, communities, and partnerships most relevant to their industry to accelerate growth and expand their reach across borders.

Our investment team combines deep operational expertise with a genuine commitment to founder success. We work shoulder to shoulder with founders at every stage, from design sprints that surface solutions to complex challenges, to market expansion planning, fundraising advisory, and end-to-end IPO consultation, particularly for listing at Tokyo Stock Exchange.

Spiral Ventures Pte. Ltd.

Address: 328 North Bridge Road, Raffles Hotel Arcade, Level 02-20, Singapore 188719

Offices: Singapore, Delhi (India), Jakarta (Indonesia), and Tokyo (Japan)

Business: Fund Management (Venture Capital)

CEO: Yuji Horiguchi

TEL: +65-6817-3109

Email: [email protected]

Registered Fund Management Company with the Monetary Authority of Singapore

Chiharu Gotoh, [email protected], as a Chief Compliance Officer of Spiral Ventures Pte. Ltd, is the person responsible for ensuring Personal Data Protection Act (PDPA).

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