Shizuoka Capital

Shizuoka Capital is a wholly owned subsidiary of Shizuoka Financial Group, the listed holding company that also owns Shizuoka Bank. It operates as a dedicated equity-investment firm separate from the bank's lending and advisory divisions. The investment professionals source deals independently but can draw on the parent bank's corporate relationships and branch network across Shizuoka, Tokyo, Nagoya, and Osaka. Credit decisions and equity commitments are not commingled.

All disclosed investments indicate balance-sheet capital from Shizuoka Financial Group. The two thematic funds announced in early 2026 — 'Shizuoka Vision Co-Creation No. 1 Fund' and 'DeepBlue Fund No. 1' — were established as proprietary vehicles with no mention of third-party limited partners. The firm has not published any fund-of-funds commitments or LP relationships.

Shizuoka Capital primarily leads or participates in direct equity rounds alongside other domestic VCs and corporate investors, without signaling a formal co-investment or syndication program targeting external fund managers. Portfolio-company cap tables show co-investors in individual deals, but the firm does not operate a co-investment platform or LP co-invest sleeve open to outside GPs.

The firm invests from seed through pre-IPO stages, with many portfolio companies tagged in the venture/growth bracket. The portfolio page includes early-stage deep-tech companies such as AstroX and PaleBlue alongside later-stage expansion plays like ACROVE, Credit Engine Group, and WHILL. Concurrently, the business-succession and turnaround desk targets mature SMEs requiring ownership transition or operational restructuring.

Deal flow originates through Shizuoka Bank's corporate client network, direct entrepreneurial outreach, and the venture team's own relationships built during stints at MUFG Capital, Orix, and Big Four firms. The parent bank's SME book — concentrated in Shizuoka, Tokyo, Nagoya, and Osaka — provides a funnel for succession and restructuring mandates that most independent VCs cannot access. Government and university partnerships, including prefectural economic development offices and universities such as Tokyo, Kyushu, Nagoya, and Gifu, supplement the pipeline with deep-tech opportunities.

All disclosed activity consists of direct equity investments. The firm has not reported commitments to external venture capital, private equity, or credit funds. The thematic vehicles announced in 2026 are proprietary co-creation and deep-tech funds, not fund-of-funds programs.

No explicit exclusion list has been published. However, the portfolio tilts toward technology-enabled businesses — SpaceTech, AI/ML, fintech, healthtech, climate, agritech, PropTech, and mobility — with negligible exposure to traditional heavy industry, commodities, or speculative biotech outside regenerative medicine and medical devices. The business-succession desk is sector-agnostic but skewed toward manufacturing and services firms already in the parent bank's client base.