Kiraboshi Capital

What Kiraboshi Capital does

Kiraboshi Capital Co., Ltd. (きらぼしキャピタル株式会社) is a Tokyo-based venture capital and investment management firm established on September 3, 2018, as a 100% wholly-owned subsidiary of Tokyo Kiraboshi Financial Group. Operating as the dedicated investment arm of Kiraboshi Bank, the firm provides equity, mezzanine, and engagement financing to Japanese companies across the Tokyo metropolitan area, spanning the full company lifecycle from startup growth capital through SME business succession to mid-to-large enterprise restructuring. Its 50+ portfolio companies cover technology, healthcare, real estate, entertainment, food, and professional services.

The firm operates nine specialized investment fund vehicles with aggregate committed capital exceeding ¥60 billion (approximately ¥64.25 billion itemized across documents). These include two venture capital funds (Dream Habataki 1 and 2), a business succession buyout fund (KCP Buyout 1, established 2023-12), a large mezzanine finance fund (A&KC Mezzanine Finance 1, ¥27.5B), an engagement investment fund for mid-to-large enterprise transformation (Tokyo Sparkle, ¥12.0B), medical sector funds (A&KC Medical 1, ¥3.0B), and minority equity assist funds (KCP Equity Assist 1 and 2). Capital is sourced primarily from Kiraboshi Bank as limited partner, with co-GP partnerships with Mercuria Investment (for business succession) and AGS Consulting (for mezzanine and medical) extending operational capacity beyond the firm's 51–100 headcount.

Revenue is generated through fund management fees on committed capital and carried interest from successful exits. Deal origination flows principally through Kiraboshi Bank's Tokyo metropolitan branch and corporate banking network, supplemented by partnerships with the Tokyo Metropolitan Government and local public institutions. The firm supplements capital with hands-on services including business matching, governance enhancement, and strategic consulting delivered through Kiraboshi Group's specialized teams. Leadership is provided by Representative Director President 大谷 仁人 (Ōtani Jinnai / "Nobby" Jinnai).

Name

Kiraboshi Capital

Legal name

きらぼしキャピタル株式会社

Website

https://kiraboshi-capital.co.jp

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Kiraboshi Capital is a Tokyo-based venture capital and investment management firm and wholly-owned subsidiary of Tokyo Kiraboshi Financial Group, managing nine specialized funds with over ¥60 billion in aggregate commitments to provide venture, buyout, mezzanine, medical, and engagement financing to Japanese SMEs and growth companies in the Tokyo metropolitan area.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSANAAAB

Early-Stage Venture Capital (Series A/B)

Financial & Insurance/Private Equity & Venture Capital/Venture Capital Firms

SECONDARYFSANAIAG

Venture Growth / Recurring Revenue Credit Funds

Financial & Insurance/Private Equity & Venture Capital/Venture Debt Providers

SECONDARYFSANALAG

Micro-PE / Lower Middle Market ETA Funds

Financial & Insurance/Private Equity & Venture Capital/Search Funds / Entrepreneurship Through Acquisition (ETA)

Keywords

• Venture capital
• Private equity
• Mezzanine financing
• Business succession
• Growth capital

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fund Management Fees: Kiraboshi Capital generates revenue through management fees charged on the various investment funds it operates. The firm manages multiple funds with combined commitments exceeding ¥60 billion including venture funds, buyout funds, mezzanine funds, and engagement investment funds.
2. Carried Interest: Performance-based carried interest from successful fund investments and exits, particularly from venture investments and buyout transactions.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Kiraboshi Capital is a venture capital and investment management firm that operates multiple specialized investment funds providing growth capital, business succession support, mezzanine financing, and engagement investments to companies primarily in the Tokyo metropolitan area. The firm manages funds targeting different lifecycle stages—from startup venture capital to SME buyout and large-cap engagement investments—along with hands-on management support including business matching, governance enhancement, and strategic consulting through the Kiraboshi Group's ecosystem.

Product overview

Kiraboshi Capital is a venture capital and investment management firm and a 100% subsidiary of Tokyo Kiraboshi Financial Group. The company operates multiple investment funds targeting different investment strategies and company life stages. These include venture capital funds (夢・はばたき1号・2号) for growth-stage companies, buyout funds (KCPバイアウト1号) for business succession, mezzanine finance funds (A&KCメザニン・ファイナンス1号) for financial strengthening, engagement investment funds (東京Sparkle) for large/mid-cap companies, and equity assist funds (KCPエクイティアシスト1号・2号) for minority equity investments. The firm provides not only capital but also hands-on management support, business matching services, and consulting through its specialized teams.

Differentiator

Problem solved

Functional benefit

Products and services

• Dream Habataki 1号 Fund (きらぼしキャピタル夢・はばたき1号)
• Dream Habataki 2号 Fund (きらぼしキャピタル夢・はばたき2号)
• Kiraboshi Capital Mercury Investment Fund (夢・かがやき1号)
• KCP Buyout 1号 Fund
• A&KC Mezzanine Finance 1号 Fund
• Tokyo Sparkle Fund (きらぼしキャピタル東京Sparkle)
• KCP Equity Assist 1号 Fund
• KCP Equity Assist 2号 Fund
• A&KC Medical 1号 Fund
• Business Matching Services
• Management Consulting Services

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Mercuria InvestmentcoreStrategic or Co-development PartnerCo-GP partner for the きらぼしキャピタル・マーキュリアインベストメント investment fund (夢・かがやき1号), specializing in business succession investments for SMEs. Provides investment expertise and co-management of the fund.
• AGS Consulting / A&KC SolutionscoreStrategic or Co-development PartnerJoint venture partner (A&KC Solutions) with AGS Consulting for mezzanine and medical-focused funds. AGS brings consulting and restructuring expertise that complements Kiraboshi Capital's investment capabilities.

Scale indicators3 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• Nissay Capital: VC arm of Nippon Life Insurance operating venture and growth funds across Japan. Comparable institutional-affiliated VC platform with multi-fund structure and Japanese SME/startup focus.
• DBJ Capital: VC arm of Development Bank of Japan with multiple growth and mezzanine funds. Comparable as a Japanese institutional investor managing multi-stage funds with public-sector connections and focus on SME succession and growth.
• MUFG Innovation Partners: CVC of Mitsubishi UFJ Financial Group investing in venture and growth-stage companies. Comparable bank-group-backed VC platform with diversified fund vehicles and Japanese enterprise focus.
• Mizuho Growth Ventures: Growth-stage investment arm of Mizuho Financial Group. Comparable as a major Japanese bank-affiliated multi-fund investment platform with similar lifecycle-stage coverage.
• SBI Investment: Japan's largest internet/financial conglomerate-affiliated VC firm managing multiple early-stage and growth funds. Directly comparable as a domestic multi-fund VC platform serving Japanese startups with banking-group distribution leverage.
• JAFCO Group: One of Japan's largest VC firms managing multiple funds across venture and buyout stages. Comparable to Kiraboshi Capital as a multi-stage, multi-fund Japanese investment platform with institutional LP base.
• SMBC Venture Capital: VC arm of Sumitomo Mitsui Banking Corporation operating multiple funds serving Japanese startups and growth companies. Closely mirrors Kiraboshi Capital's bank-affiliated multi-fund structure and SME/startup focus.

Regional players

• Shizuoka Capital: Regional VC firm affiliated with Shizuoka Bank and other Shizuoka-based financial institutions. Comparable as a Japanese regional bank-affiliated multi-fund VC, though serving the Shizuoka/Chubu region.
• Hiroshima Venture Capital: Regional VC firm backed by Hiroshima-area financial institutions. Comparable as a Japanese regional bank-affiliated VC, though focused on Chugoku region rather than Tokyo.

Others

• Mercuria Investment: Co-GP partner with Kiraboshi Capital on the KCP Mercury business succession fund. Directly comparable as a Japanese PE firm specializing in SME succession investments, with explicit partnership overlap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks3 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments29 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kiraboshi Capital