# De Capital

De Capital is a Multi Family Office based in Tokyo, Japan.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Tokyo, Japan
- **Region:** Asia
- **Address:** Tokyo, Japan
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** de-capital.co.jp

## Regulatory record

- **Reports private funds:** No

## About

De Capital was founded in 2023 as a multi-family office in Tokyo. It provides investment management and advisory services focused on long-term capital growth for multiple families. The firm executes direct co-investments and SPVs in startups. Confirmed activity includes the ZUU & De Capital Fund targeting travel technology company KKday and the July 2024 joint venture De Capital Digital with Carenet. Geographic coverage spans Asia and North America. Asset classes include ClimateTech, workflow automation, and ESG-related opportunities alongside public market positions. Team size and total deployment remain undisclosed. De Capital holds startup membership in FinCity.Tokyo as of July 2025. A May 2025 strategic partnership with TonTon Co., Ltd. adds luxury real estate capabilities through Forbes Global Properties licensing. The firm maintains a hybrid structure that combines family office mandates with joint ventures and club deal vehicles rather than pure fund commitments or internal operating companies.

## Sectors

- ClimateTech
- Workflow Automation

## Questions

### Who runs investment decisions at De Capital?

No named investment principals appear in public records. Decisions route through partnerships with TonTon and Carenet.

### How does De Capital source proprietary deal flow?

The firm uses joint ventures and club deals with UHNWI investors and listed companies such as ZUU and Carenet.

### Does De Capital participate in fund commitments or only direct deals?

Activity centers on direct co-investments, SPVs, and targeted vehicles such as the ZUU & De Capital Fund.

### What investment stages does De Capital typically target?

Focus remains on startups with confirmed positions in travel technology and digital health platforms.

### Where does the underlying wealth come from?

Wealth origin is not publicly disclosed.

### What is De Capital's known posture on co-investments alongside external GPs?

The firm structures club deals that include institutional investors and industry partners rather than committing solely to external funds.

## Related profiles

- [DeBere Capital Partners](https://altss.com/profile/debere-capital-partners)
- [Decent Capital](https://altss.com/profile/decent-capital-zeng-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

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