Miyagin Venture Capital

Representative Director Koji Yamashita leads the firm. The investment team operates from the headquarters in Miyazaki City, drawing on the corporate lending relationships of its parent, Bank of Miyazaki, for deal origination. Specific investment committee composition is not publicly disclosed.

The firm’s primary origination channel is Bank of Miyazaki’s regional corporate network in Kyushu and broader relationships across Japan. Because the bank lends to thousands of local businesses, Miyagin VC often sees companies that other venture investors in Tokyo or Osaka do not encounter, particularly manufacturing and industrial-technology firms in regional Japan.

It operates as both. The firm runs four active funds with distinct policy-linked mandates — such as university spinout support and female entrepreneurship — alongside a generalist venture fund. This design reflects Bank of Miyazaki’s dual objective of generating returns and supporting regional economic revitalization.

The firm invests directly into companies across its seed-to-growth-stage mandate. It does not publicly report making fund-of-funds commitments or LP investments into other venture firms. Its ¥25 billion capital pool is deployed via direct equity investments in Japanese startups.

The firm states it evaluates companies across all growth stages, from seed and early-stage startups to expansion and late-stage businesses. Recent deals include seed-stage robotics and AI companies, suggesting a willingness to back earlier-stage technical risk alongside growth-stage enterprise software investments.

Miyagin Venture Capital is a wholly owned subsidiary of Bank of Miyazaki, established in 1996. The parent bank is a regional financial institution headquartered in Miyazaki Prefecture on the island of Kyushu. The venture arm’s fund commitments are sourced through the bank, and its investment team works closely with the bank’s corporate lending division.

The firm has not publicly disclosed a formal co-investment program or partnerships with external general partners. Its deals appear to be structured as direct investments sourced through its own network and parent-bank relationships.