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Mission

Commit to new business creation and jointly shape the future

Since establishment, we have created various innovative products and services jointly with entrepreneurs. Our mission is to open up new frontiers with our stakeholders by committing to creating new businesses that are in demand.

Track record

We have continued to generate results over the years while experiencing major economic crisis and changes in industrial structure.

As of March 31, 2020

Years of VC Experience
47 years

Cumulative investment return
2.0x

Portfolio IPOs
1,006 co's

Cumulative investment
4,015 co's

Funds under management
¥434 billion

No. of investors
500

Our Approach

JAFCO employs the following five maxims in our business operation.

Reproduce success by passing on our expertise

JAFCO is in the venture capital business for over 40 years. We capitalize on the accumulated expertise as our organizational strength to provide post-investment support, thereby increasing the chances of our portfolio companies to thrive and achieve a big success. We also believe that building up our successful track record broadens the base of entrepreneurs.

Create next-generation businesses

JAFCO works with all portfolio companies not only as an investor, but also with a mindset of "Co-Founder." Our early involvement in new business planning and co-founding a business allow our portfolio companies to prosper, and also JAFCO and its funds to achieve high performance.

Develop globally, focus locally

Day-to-day activity rooted in the local community is important for venture investment. We establish and manage funds in the US and Asia with our local capitalists to diversify risks regionally. Capitalizing on our strength as a Japanese VC firm, our BD (business development) group members offer cross-border support covering Japan, the US, and Asia.

Work earnestly with entrepreneurs to raise corporate value

There are various hurdles to overcome in order to bring businesses up to speed. JAFCO works earnestly with entrepreneurs at any phase of startup. By working together to make better decisions through active discussions, we fulfill our common objective of raising corporate value.

Preserve discipline and transparency as a VC pioneer

To increase risk capital through venture capital funds, it is important to build a structure that ensures credible fund management for investors. As a pioneer that established Japan's first VC fund, we will preserve discipline and transparency of our funds based on consistent management policies.

Business Model

We carry out venture investment and buyout investment through fund management. The main income sources are management fees and success fees derived from fund management and capital gains on direct investments in funds.

Business Model Business Model

Investment structure

The investment team in each region (Japan, USA, Asia) manages funds separately. In each region, investment decisions are made locally and the investment team, deep-rooted in each community, carries out the whole process from identifying potential candidates to providing post-investment support.

As of March 31, 2020

JAFCO ASIA

Investment region: China, Taiwan, India, Southeast Asia
Investment team: 9
BD team: 1

Investment in tech ventures by leveraging JAFCO brand

JAFCO

Investment region: Japan
Venture investment team: 34
Buyout investment team: 13
BD team: 13

  • Venture investment to create new businesses
  • Buyout investment to obtain management rights and grow business using various methods
ICON VENTURES

Investment region: USA
Investment team: 6
Venture Partners: 4
BD team: 2

Participation in Series B/C rounds of promising ventures based on strong ties with top-tier VCs

Funds

We raise capital for funds from institutional investors and business firms once in about every three years. We invest our own capital in funds alongside investors, committing around 40% of the fund size. Partners and employees also invest in funds as individual investors. As Japan's pioneer in venture capital fund management, we will preserve discipline and transparency under the following three management policies.

We do not establish industry-specific funds

We do not establish investor-specific funds

We only conduct fund management

Business results/ finances