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Venture Capital
zvc.vc

Investments

210

Portfolio Exits

5

Funds

2

About Z Venture Capital

Z Venture Capital is a corporate venture capital firm that invests in startups within the technology sector. The company provides capital and resources to startups that utilize the resources and expertise. It serves the technology sectors of the economy. It was founded in 2021 and is based in Tokyo, Japan.

Headquarters Location

Tokyo Garden Terrace Kioicho Kioi Tower 1-3 Kioicho, Chiyoda-ku

Tokyo, 102-8282,

Japan

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Latest Z Venture Capital News

Z Venture Capital、サンフランシスコに新オフィスを開設

Oct 28, 2025

Z Venture Capital、サンフランシスコに新オフィスを開設 (日本語) サンフランシスコオフィスは、米国とアジアのスタートアップエコシステムを結ぶ「ゲートウェイ」として機能します。起業家、投資家、イノベーションパートナーが集い、アイデアを交換し、グローバルにインパクトのある企業を支援・構築するハブを目指します。 ZVCの米国チームは、2016年からLINE Ventures時代も含め、米国のディープテックやAIスタートアップへの投資を継続し、これまでに約60社のスタートアップに投資してきました。今後も未来を創る最先端テクノロジーの発掘と支援に長期的にコミットしていきます。 オフィス概要 サンフランシスコの新オフィスは、アジアのイノベーションと米国の人材、ネットワーク、市場を結ぶというZVCのコミットメントを象徴しています。AI、ディープテックをはじめ、これまでに10年以上にわたる投資経験を持つZVCは、クロスボーダーの成長を加速させ、起業家のグローバルな野望の実現を支援するのに、最適なポジションにあると考えています。 — Hyung Kim, Partner, Z Venture Capital サンフランシスコに新しいオフィスを開設できることを大変嬉しく思います。過去、新型コロナの影響により、オフィスを閉鎖せざるを得なかった後から今に至るまでの重要なマイルストーンです。この新オフィスは、単に物理的にオフィスを再開させたこと以上の大きな意味を持ちます。 サンフランシスコのベイエリアの起業家や投資家のコミュニティに対する、新たなコミットメントを期待し、オフィスを通じ、アイデアと人間関係が育ち、アジアと米国のスタートアップエコシステムを結ぶ場所になることを願っています。 このクロスボーダーのつながりを強化することは、私たちZVCのミッションの中核であり、ベイエリアというイノベーションの中心地であるこの地で、私たちのプレゼンスをさらに深まっていくことをとても楽しみにしています。 【EN】 Z Venture Capital Opens New Office in San Francisco — A Gateway Connecting Asia and the US Startup Ecosystems TOKYO / SAN FRANCISCO — Z Venture Capital (ZVC), the corporate venture capital arm of LY Corporation, announced the opening of its new office in San Francisco, marking a significant milestone in the firm’s global expansion. ZVC’s San Francisco office will act as a gateway connecting the US and Asia startup ecosystems—serving as a hub where entrepreneurs, investors, and innovation partners come together to collaborate, exchange ideas, and build globally impactful companies. ZVC has been investing in AI and deep tech startups in the US since 2016 (via LINE Ventures) and continuing under the ZVC brand. Over the past several years, ZVC has built a portfolio of over 60 companies in US, reflecting its long-term commitment to identifying and supporting cutting-edge technologies that shape the future. Office Overview Opening: October 2025  Expand its investment efforts in early-to-growth stage US startups and support their Asia GTM efforts Support Asian startups entering the US market through network access and operational supports Build strong cross-border community with VC firms, global corporations, and entreprenuers ZVC will host a series of community events, office hours, and private roundtables to celebrate its opening and foster new collaborations. Office Exterior View — In Joon Hwang, CEO of ZVC and Chief Global Investment Officer of LY Corporation Our new San Francisco office underscores ZVC’s commitment to bridging Asian innovation with U.S. talent, networks, and markets, with over a decade of experience in AI and deep-tech investment, we are well-positioned to accelerate cross-border growth and help founders realize global ambition. — Hyung Kim, Partner, Z Venture Capital We’re thrilled to officially open our new office in San Francisco — a milestone that comes after having to close our Palo Alto office during the pandemic. This new space represents much more than a physical return; it’s a renewed commitment to our community of founders and investors in the Bay Area. We hope it becomes a place where ideas and relationships can grow, bridging Asia and the U.S. startup ecosystems. Strengthening this cross-border connection has always been at the heart of ZVC’s mission, and we’re excited to deepen our presence here in the global center of innovation. If you’re interested in the US office or ZVC, feel free to reach out to our US team. zvc-sf-office@zvc.vc

Z Venture Capital Investments

210 Investments

Z Venture Capital has made 210 investments. Their latest investment was in PvX Partners as part of their Seed VC - II on November 18, 2025.

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Z Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2025

Seed VC - II

PvX Partners

Yes

1

11/17/2025

Series A

Turing

$63.17M

No

3

11/12/2025

Seed VC

Ocean

Yes

3

10/23/2025

Series D

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$XXM

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10

9/25/2025

Series A

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10

Date

11/18/2025

11/17/2025

11/12/2025

10/23/2025

9/25/2025

Round

Seed VC - II

Series A

Seed VC

Series D

Series A

Company

PvX Partners

Turing

Ocean

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Amount

$63.17M

$XXM

New?

Yes

No

Yes

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Co-Investors

Sources

1

3

3

10

10

Z Venture Capital Portfolio Exits

5 Portfolio Exits

Z Venture Capital has 5 portfolio exits. Their latest portfolio exit was stand.fm on August 01, 2024.

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

8/1/2024

Acquired

$XXM

FANY

2

5/9/2024

Acquired

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$XXM

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10

1/3/2023

Corporate Majority

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$XXM

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10

10/30/2020

IPO

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$XXM

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10

3/30/2017

IPO

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$XXM

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10

Date

8/1/2024

5/9/2024

1/3/2023

10/30/2020

3/30/2017

Exit

Acquired

Acquired

Corporate Majority

IPO

IPO

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

FANY

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Sources

2

10

10

10

10

Z Venture Capital Acquisitions

2 Acquisitions

Z Venture Capital acquired 2 companies. Their latest acquisition was YJ Capital on April 01, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/1/2021

$XXM

Merger

11

4/1/2021

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$XXM

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10

Date

4/1/2021

4/1/2021

Investment Stage

Companies

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Valuation

$XXM

$XXM

Total Funding

Note

Merger

Subscribe to see more

Sources

11

10

Z Venture Capital Fund History

2 Fund Histories

Z Venture Capital has 2 funds, including Z Venture Capital Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Z Venture Capital Fund II

2

Z Venture Capital Fund

10

Closing Date

Fund

Z Venture Capital Fund II

Z Venture Capital Fund

Fund Type

Status

Amount

Sources

2

10

Z Venture Capital Team

1 Team Member

Z Venture Capital has 1 team member, including current Chief Executive Officer, Shinichiro Hori.

Name

Work History

Title

Status

Shinichiro Hori

Dream Incubator SEA, and Dream Incubator

Chief Executive Officer

Current

Name

Shinichiro Hori

Work History

Dream Incubator SEA, and Dream Incubator

Title

Chief Executive Officer

Status

Current

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