Investments
207Portfolio Exits
17Funds
15About Spiral Ventures
Spiral Ventures operates as a venture capital firm that invests in early stage and technology startups across Asia. The company offers investment services and manages a portfolio, focusing on businesses in Southeast Asia, India, and Japan. Spiral Ventures was formerly known as Spiral Ventures Japan. It was founded in 2012 and is based in Singapore.
Latest Spiral Ventures News
Nov 7, 2025
日本経済新聞 シンガポールに本社を置く独立系ベンチャーキャピタル（VC）のスパイラル・ベンチャーズは、インドネシアの財閥であるシナルマス・グループとファンドを立ち上げたと発表した。最大1億ドル（約150億円）規模を目指し、日本と東南アジアのスタートアップに出資する。 シナルマスグループのコーポレートベンチャーキャピタル（CVC）であるリビング・ラボ・ベンチャーズと共同出資会社を立ち上げた。スパイラルの堀口雄二社長は「東南アジアは財閥の影響力が強く、シナルマスとつながれば事業の可能性が広がる」と新ファンドの意義を説明する。 ファンド名は「ジャパン・テーマファンド」。事業開発段階のスタートアップに出資する。事業領域は問わない。インドネシアで事業を展開し、シナルマスとの協力で成長が期待できる企業に投資する。 ファンドにはシナルマスグループで不動産開発を手掛けるシナルマス・ランド、 三菱UFJフィナンシャル・グループ 傘下のインドネシア・ダナモン銀行、日本の官民ファンドである海外需要開拓支援機構（クールジャパン機構）、 ロート製薬 、カルチュア・コンビニエンス・クラブなどが出資した。 【関連記事】
Spiral Ventures Investments
207 Investments
Spiral Ventures has made 207 investments. Their latest investment was in Turing as part of their Series A on November 17, 2025.
Spiral Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/17/2025 | Series A | Turing | $63.17M | No | ANRI, Canon MJ MIRAI Fund, Chibagin Capital, Dai Nippon Printing, DENSO, ENEOS Holdings, Global Brain, GMO Internet Group, JGC Corporation, JIC Venture Growth Investments, Mercuria, Mirai Sozo Capital, Mitsubishi HC Capital, Mitsubishi UFJ Capital, Mitsui Fudosan, Mizuho Capital, Sony Financial Ventures, Tokyu Fudosan Holdings, Wing Capital Partners, Yanmar Ventures, Z Venture Capital, and ZENRIN Future Partners | 3 |
10/15/2025 | Seed VC | Fragaria Fruits | $2M | Yes | Rainmatter, Sashi Kumar, Undisclosed Angel Investors, and WEH Ventures | 2 |
10/3/2025 | Series B | N.Avenue | No | 2 | ||
8/7/2025 | Series A | |||||
7/24/2025 | Series A |
Date | 11/17/2025 | 10/15/2025 | 10/3/2025 | 8/7/2025 | 7/24/2025 |
|---|---|---|---|---|---|
Round | Series A | Seed VC | Series B | Series A | Series A |
Company | Turing | Fragaria Fruits | N.Avenue | ||
Amount | $63.17M | $2M | |||
New? | No | Yes | No | ||
Co-Investors | ANRI, Canon MJ MIRAI Fund, Chibagin Capital, Dai Nippon Printing, DENSO, ENEOS Holdings, Global Brain, GMO Internet Group, JGC Corporation, JIC Venture Growth Investments, Mercuria, Mirai Sozo Capital, Mitsubishi HC Capital, Mitsubishi UFJ Capital, Mitsui Fudosan, Mizuho Capital, Sony Financial Ventures, Tokyu Fudosan Holdings, Wing Capital Partners, Yanmar Ventures, Z Venture Capital, and ZENRIN Future Partners | Rainmatter, Sashi Kumar, Undisclosed Angel Investors, and WEH Ventures | |||
Sources | 3 | 2 | 2 |
Spiral Ventures Portfolio Exits
17 Portfolio Exits
Spiral Ventures has 17 portfolio exits. Their latest portfolio exit was Aculys Pharma on October 15, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/15/2025 | Acquired | 4 | |||
12/26/2024 | Acquired | 2 | |||
12/11/2024 | Acquired | Universal | 2 | ||
Date | 10/15/2025 | 12/26/2024 | 12/11/2024 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Universal | ||||
Sources | 4 | 2 | 2 |
Spiral Ventures Fund History
15 Fund Histories
Spiral Ventures has 15 funds, including Logistics Innovation Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
8/24/2020 | Logistics Innovation Fund | $66.07M | 1 | ||
1/29/2018 | Spiral Ventures Japan Fund 1 | $64.23M | 4 | ||
1/15/2018 | Spiral Ventures Asia Fund I | $5M | 5 | ||
2/11/2016 | IMJ Investment Partners Japan Fund I | ||||
6/11/2015 | IMJ-IP Open Innovation Fund I |
Closing Date | 8/24/2020 | 1/29/2018 | 1/15/2018 | 2/11/2016 | 6/11/2015 |
|---|---|---|---|---|---|
Fund | Logistics Innovation Fund | Spiral Ventures Japan Fund 1 | Spiral Ventures Asia Fund I | IMJ Investment Partners Japan Fund I | IMJ-IP Open Innovation Fund I |
Fund Type | |||||
Status | |||||
Amount | $66.07M | $64.23M | $5M | ||
Sources | 1 | 4 | 5 |
Spiral Ventures Team
1 Team Member
Spiral Ventures has 1 team member, including current Managing Partner, Daisuke Iwase.
Name | Work History | Title | Status |
|---|---|---|---|
Daisuke Iwase | Medley, AIA Group, Lifenet Insurance Company, Ripplewood Holdings, Internet Capital Group, and Boston Consulting Group | Managing Partner | Current |
Name | Daisuke Iwase |
|---|---|
Work History | Medley, AIA Group, Lifenet Insurance Company, Ripplewood Holdings, Internet Capital Group, and Boston Consulting Group |
Title | Managing Partner |
Status | Current |
Compare Spiral Ventures to Competitors
31VENTURES supports startups through a three-pillar approach of funding, workspace, and community building. It invests in sectors like PropTech, artificial intelligence (AI), mobility, healthcare, fintech, and climate tech, while also emphasizing sustainability and decarbonization. 31VENTURES also operates collaborative workspaces and fosters an ecosystem that connects startups with Mitsui Fudosan’s vast corporate network, enabling joint ventures, pilot projects, and strategic alliances. The company was founded in 2015 and is based in Tokyo, Japan.
Carta Ventures is a wholly-owned venture capital subsidiary of Carta Holdings, a Japanese media, and advertising technology company. Carta Ventures focuses its efforts on the rapidly growing Asian markets.
SBVA operates as a venture capital firm focused on empowering entrepreneurs and fostering innovation in the technology sector. It provides funding and support to early-stage startups, leveraging its partnership with The Edge to build a global startup ecosystem. It primarily sells to the technology and startup industries. It was formerly known as Softbank Ventures Asia. It was founded in 2000 and is based in Seoul, South Korea.
Skyland Ventures is a Japanese investment company focused on seed-stage startups. It provides cashback and MEV (Miner Extractable Value) solutions with BNB, Polygon chain, etc. The company was founded in 2012 and is based in Tokyo, japan.
CyberAgent Capital is a venture capital firm that invests in high-potential internet-related businesses in venture companies led by entrepreneurs with outstanding management and leadership skills. It was founded in 2006 and is based in Tokyo, Japan.
Smilegate Investment operates as a venture capital firm, focusing on investing in potential unicorn companies across various industries. Smilegate Investment was formerly known as MVP창업투자가. It was founded in 1999 and is based in Gangnam-gu, South Korea.
Loading...