
Investments
967Portfolio Exits
116Funds
16Partners & Customers
3About Mitsubishi UFJ Capital
Mitsubishi UFJ Capital or MUCAP is a venture capital firm within the Mitsubishi UFJ Financial Group. It is a commercial financial institution that specializes in healthcare, electronics, and high-technology investments. It supports companies in their pre-seed and pre-series A stages with growth capital investments, and aims to partner with the companies until initial public offering (IPO), mergers and acquisitions (M&A), and other exit strategies. It was founded in 1974 and is based in Tokyo, Japan.
Research containing Mitsubishi UFJ Capital
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Mitsubishi UFJ Capital in 2 CB Insights research briefs, most recently on Jan 4, 2024.

Jan 4, 2024 report
State of Venture 2023 Report
Nov 1, 2023 report
State of CVC Q3’23 ReportLatest Mitsubishi UFJ Capital News
Jan 27, 2025
Image Credit : Power Diamond Systems Power Diamond Systems (PDS), which conducts research and development of next-generation power devices and high-frequency devices, announced on the 17th that it has raised approximately 100 million yen in a second close of its Series A round through third-party allocation of shares to a fund managed by Mitsubishi UFJ Capital. In the same round conducted last November, JIC Venture Growth Investments, Waseda University Ventures, QB Capital, and Mizuho Capital participated in the investment. As such, it is considered the most promising candidate for next-generation power semiconductors and high-frequency semiconductors following SiC, GaN, and gallium oxide (Ga2O3). Furthermore, they are also considering applications in harsh environments such as space, leveraging its radiation resistance and high-temperature operation capabilities. In terms of applications, power devices are expected to enable energy savings and miniaturization of existing systems in renewable energy fields such as solar and wind power generation, and next-generation mobility (electric aircraft, eVTOL, electric vessels) including electric vehicles. For high-frequency devices, applications are anticipated in 5G/6G mobile phone base stations, various radar systems, next-generation wireless power transfer, and next-generation satellite systems. The company’s technical distinction lies in its world-first development of vertical diamond MOSFETs. In addition to conventional lateral structures, they are developing vertical structures to achieve high current and high voltage resistance, better utilizing the physical characteristics of diamond semiconductors. They have also developed normally-off technology, a crucial requirement for power electronics applications. While diamond semiconductor devices using hydrogen-terminated structures are basically normally-on (transistor is on at 0V gate voltage), the company has established normally-off technology using silicon oxide termination structures to meet fail-safe requirements. The raised funds will be allocated to development investment in diamond semiconductor devices and modules, strengthening organizational structure, and building cooperation and partnership frameworks with domestic and international partners. The company was founded in August 2022 by Tatsuya Fujishima, who has extensive experience in power semiconductor development, based at the Waseda University Entrepreneurship Center, utilizing diamond semiconductor technology long led by Professor Kawarada of Waseda University.
Mitsubishi UFJ Capital Investments
967 Investments
Mitsubishi UFJ Capital has made 967 investments. Their latest investment was in Infobox as part of their Series A on January 21, 2025.

Mitsubishi UFJ Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
1/21/2025 | Series A | Infobox | No | ANRI, Dentsu Ventures, GREE Ventures, Masato Morishima, X&KSK Fund, and XTech Ventures | 2 | |
1/17/2025 | Seed VC - IV | Power Diamond Systems | No | 2 | ||
12/24/2024 | Series A | MJOLNIR SPACEWORKS | Yes | 2 | ||
12/11/2024 | Seed VC | |||||
12/9/2024 | Series B |
Date | 1/21/2025 | 1/17/2025 | 12/24/2024 | 12/11/2024 | 12/9/2024 |
---|---|---|---|---|---|
Round | Series A | Seed VC - IV | Series A | Seed VC | Series B |
Company | Infobox | Power Diamond Systems | MJOLNIR SPACEWORKS | ||
Amount | |||||
New? | No | No | Yes | ||
Co-Investors | ANRI, Dentsu Ventures, GREE Ventures, Masato Morishima, X&KSK Fund, and XTech Ventures | ||||
Sources | 2 | 2 | 2 |
Mitsubishi UFJ Capital Portfolio Exits
116 Portfolio Exits
Mitsubishi UFJ Capital has 116 portfolio exits. Their latest portfolio exit was AppBrew on November 14, 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 |
---|---|---|---|---|---|
11/14/2024 | Acquired | 2 | |||
11/12/2024 | Corporate Majority | 1 | |||
10/28/2024 | IPO | Public | 2 | ||
Date | 11/14/2024 | 11/12/2024 | 10/28/2024 | ||
---|---|---|---|---|---|
Exit | Acquired | Corporate Majority | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 2 | 1 | 2 |
Mitsubishi UFJ Capital Fund History
16 Fund Histories
Mitsubishi UFJ Capital has 16 funds, including Mitsubishi UFJ Life Science II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
2/20/2019 | Mitsubishi UFJ Life Science II | Multi-Stage Venture Capital | Closed | $91.32M | 1 |
2/20/2019 | Mitsubishi UFJ Capital VII | Multi-Stage Venture Capital | Closed | $136.98M | 1 |
2/20/2017 | Mitsubishi UFJ Capital VI | Multi-Stage Venture Capital | Closed | $88.37M | 1 |
2/20/2017 | Mitsubishi UFJ Life Science I | ||||
11/30/2015 | Mitsubishi UFJ Venture Fund II |
Closing Date | 2/20/2019 | 2/20/2019 | 2/20/2017 | 2/20/2017 | 11/30/2015 |
---|---|---|---|---|---|
Fund | Mitsubishi UFJ Life Science II | Mitsubishi UFJ Capital VII | Mitsubishi UFJ Capital VI | Mitsubishi UFJ Life Science I | Mitsubishi UFJ Venture Fund II |
Fund Type | Multi-Stage Venture Capital | Multi-Stage Venture Capital | Multi-Stage Venture Capital | ||
Status | Closed | Closed | Closed | ||
Amount | $91.32M | $136.98M | $88.37M | ||
Sources | 1 | 1 | 1 |
Mitsubishi UFJ Capital Partners & Customers
3 Partners and customers
Mitsubishi UFJ Capital has 3 strategic partners and customers. Mitsubishi UFJ Capital recently partnered with Coinbase on August 8, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
8/19/2021 | Partner | United States | MUFG Partners With Coinbase To Allow 40 Million Customers To Buy Bitcoin In Japan Today , Coinbase announced that it is launching in Japan through a new partnership with one of the largest banks in the country , Mitsubishi UFJ Financial Group . | 1 | |
1/10/2019 | Partner | ||||
1/23/2015 | Vendor |
Date | 8/19/2021 | 1/10/2019 | 1/23/2015 |
---|---|---|---|
Type | Partner | Partner | Vendor |
Business Partner | |||
Country | United States | ||
News Snippet | MUFG Partners With Coinbase To Allow 40 Million Customers To Buy Bitcoin In Japan Today , Coinbase announced that it is launching in Japan through a new partnership with one of the largest banks in the country , Mitsubishi UFJ Financial Group . | ||
Sources | 1 |
Mitsubishi UFJ Capital Team
10 Team Members
Mitsubishi UFJ Capital has 10 team members, including current President, Kei Andoh.
Name | Work History | Title | Status |
---|---|---|---|
Kei Andoh | President | Current | |
Name | Kei Andoh | ||||
---|---|---|---|---|---|
Work History | |||||
Title | President | ||||
Status | Current |
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