TMI Ventures

Ryuji Hori serves as Representative Director and President of TMI Ventures and is the key decision-maker. He also holds an external corporate auditor role at Lotte Co., Ltd., and operates within the leadership circle of parent firm TMI Associates, giving him broad corporate visibility that informs investment judgment. Day-to-day investment committee structure is not publicly detailed.

TMI Ventures is a wholly owned subsidiary of TMI Associates, established in 2019 as the law firm's dedicated venture investment vehicle. TMI Associates itself was founded in 1990 and has grown into one of Japan's major full-service law firms, with offices across Asia and in the United States. The venture arm sits alongside sibling entities TMI Consulting, TMI Healthcare Consulting, and TMI Privacy & Security Consulting, forming a coordinated professional-services and investment group under the same parent.

The firm's public disclosures indicate a direct-investment posture, writing equity checks into Japanese startups rather than acting as a limited partner in external venture funds. No fund-of-funds activity or LP commitments to third-party managers have been reported. The structure aligns with a corporate venture model where capital is deployed directly from the parent's balance sheet.