Midas Capital

What Midas Capital does

Midas Capital (株式会社ミダスキャピタル) is a Tokyo-based private equity firm founded in September 2017 by Representative Partner Yoshimura Hideki (吉村英毅). The firm invests exclusively with internal capital contributed by Midas members, raising no external limited-partner capital, and targets majority-stake acquisitions (過半数以上) in Japanese growth companies with the stated objective of building a world-class enterprise group (ミダス企業群). As of December 2025 the portfolio comprised 17-20 companies across entertainment (GENDA), reuse/resale (BuySell Technologies), marketing technology (AViC), AI SaaS (GROWTH VERSE, Xpotential), inbound tourism (羅針盤), online pharma (LATRICO), renovation (WAKUWAKU), and government DX (Workthy), with three listings on TSE and aggregate market capitalization exceeding ¥500B (5,000億円). The firm maintains a dominant shareholder position post-IPO and operates hands-on value creation across its portfolio via cross-company executive networks, talent deployment, and active M&A support.

The business model centers on capital appreciation from portfolio growth and IPO realizations rather than management fees. Midas Capital deploys patient capital, supplies talent and technology resources to portfolio companies, and uses continuous M&A as the principal growth engine (GENDA has executed ~58 deals in seven years). Distribution occurs through direct founder outreach, investment-banking referrals, and a venture arm, Dual Bridge Capital (established April 2023), which supplies seed-to-early-stage deal flow. A 2026 Fund 2 close at ¥6B adds an M&A-support investment feature. The firm also operates affiliated owner funds (Type A and Type B LLFE) that allow founder-operators to co-invest, and a separate joint venture with Asob System and GENDA, Asobidas (established 2025 with ¥150M capital), targeting an AI-powered fan-engagement platform. A portion of fund returns is donated to the Midas Foundation (公益財団法人ミダス財団, established 2019), which funds education and child welfare programs in Southeast Asia and Japan.

Underlying technology is delivered primarily through portfolio companies rather than built at the Midas Capital entity. Portfolio platforms include GROWTH VERSE's AI marketing suite (AIMSTAR, Michiciru, Zero), Xpotential's AI sales coach, and Asobidas's oshi-katsu AI transformation platform. The firm sources engineering talent via the UTTC (UTokyo Tech Club) and recruits from major Japanese banks (Mizuho), tech companies (Salesforce, ZOZO, Recruit), and global financial institutions (Goldman Sachs, UBS, Credit Suisse). The published Midas Group Declaration (ミダス企業群宣言書) formalizes governance limits on inter-portfolio transactions, cross-shareholdings, and personnel overlap to maintain regulatory and market credibility.

Name

Midas Capital

Legal name

株式会社ミダスキャピタル

Website

https://midascapital.jp

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Midas Capital is a Tokyo-based private equity firm founded in 2017 that uses internal member capital to acquire majority stakes in Japanese growth companies, building a 17-20 company portfolio across entertainment, reuse, AI, tourism, and government DX, with three TSE-listed names.

Ownership category

akta.pro rank

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management / Investment Returns: Midas Capital generates returns through appreciation in value of its portfolio companies. The fund uses internal capital only (ミダス関係者が拠出する内部資本のみを運用). Returns are realized through IPO gains and ongoing portfolio value growth.
2. Donations to Midas Foundation: Midas Capital donates a portion of its fund returns annually to the Midas Foundation (公益財団). The representative partner also personally donates 1 billion yen per year to the foundation. This is a cost/reallocation rather than a revenue stream.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Midas Capital is a Tokyo-based private equity firm that acquires majority stakes in Japanese companies and supports their long-term growth through a combination of capital, talent, technology, and M&A expertise. It operates the Midas Flagship Fund for buyout-style majority investments and Dual Bridge Capital as a venture capital arm, complemented by an Owner Fund structure (Type A and Type B LLFE) that provides liquidity solutions to founders while retaining operational continuity.

Product overview

Midas Capital is a Japanese private equity fund and investment firm that operates a group of portfolio companies (referred to as the Midas Group of Companies). It does not offer a unified software product platform or modules; its core offering is investment fund management and portfolio company growth support. The company provides capital investment, management support, M&A advisory, and strategic growth assistance to its portfolio companies, rather than a discrete product or SaaS offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Midas Flagship Fund (ミダス旗艦ファンド) Core PE vehicle through which Midas Capital acquires majority equity stakes in Japanese operating companies and supports their long-term growth, with a target of eventual IPO. Funded exclusively by internal capital from Midas members.
• Dual Bridge Capital (デュアルブリッジキャピタル) Venture capital arm of Midas Capital that invests in earlier-stage Japanese companies, providing deal-flow pipeline and complementary growth-stage exposure alongside the flagship buyout fund.
• Owner Fund — Type A LLFE Liquidity solution structure designed to recapitalize a founder's stake via a Limited Liability Fund Entity (Type A), enabling founder equity monetization while preserving management control of the operating company.
• Owner Fund — Type B LLFE Alternative Owner Fund structure (Type B Limited Liability Fund Entity) providing founder liquidity through a different ownership configuration, tailored to companies where the founder wishes to retain operational leadership post-recapitalization.
• Asobidas "Oshi-katsu" AI Transformation Platform AI transformation platform built to help businesses harness fan-driven engagement ("oshi-katsu") via AI tooling. Launched as a portfolio joint venture under the Midas Capital umbrella.

Quantifiable outcome

• 17 companies in portfolio; 3 listed on TSE (as of December 2025)
• +3 more outcomes

Named customers13 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core, key and minor.

• 株式会社WorkthycoreStrategic or Co-development Partner · 8 June 2026Workthy joined the Midas group in June 2026. Midas flagships fund and owner funds acquired shares. Workthy's expertise in AIX/DX for government and financial institutions expands Midas's portfolio in the public sector tech space.
• アソビシステム株式会社 (Asob System)coreStrategic or Co-development Partner · 1 July 2025Asob System and Midas Capital jointly established 株式会社アソビダス (Asobidas) in July 2025 with ¥150M capital. Asob System contributes entertainment现场力 (on-site operations and creativity) and fan engagement expertise. Midas contributes 経営力・テクノロジー・M&A推進力. The venture aims to build Japan's 'oshi-katsu' (fan culture) AI platform across idol, sports, sumo, and entertainment domains.
• 株式会社GENDA (GENDA)coreStrategic or Co-development Partner · 1 July 2025GENDA is a co-investor in Asobidas (push-katsu AI transformation platform), alongside Midas Capital and Asob System. GENDA contributes entertainment sector expertise and operational infrastructure.
• Dual Bridge Capital株式会社 (DBC)coreStrategic or Co-development Partner · 1 April 2023DBC is Midas Capital's affiliated venture capital fund, established April 2023 with mission of producing outstanding entrepreneurs. DBC's Fund 2 (2026) focuses on M&A support features. DBC targets seed to early-stage startups. DBC benefits from Midas Capital's portfolio network and talent referral system. Midas Capital benefits from DBC's early-stage deal flow.
• 公益財団法人ミダス財団 (Midas Foundation)coreStrategic or Co-development Partner · 1 January 2019Midas Foundation was established in 2019 with the mission of creating positive impact on 1 million lives by 2030 and 100 million by 2040. Activities include school construction in Southeast Asia, orphanages, domestic child welfare support, and special adoption support. Midas Capital contributes annual fund returns and the representative partner contributes ¥100 million/year to the foundation. The foundation's CIO reports on social impact metrics annually.
• UTTC (UTokyo Tech Club)keyStrategic or Co-development PartnerMidas Capital sponsors UTTC, a University of Tokyo software engineering talent community. UTTC provides curriculum and hackathons. Midas Capital and portfolio companies recruit engineers through UTTC, creating a talent pipeline.
• 伊勢ヶ濱部屋 (Isegahama Stable / Sumo)minorStrategic or Co-development PartnerAsobidas partnership: Traditional sumo stable receiving DX support from Asobidas, including backstage tours, data utilization for fan services, and new fan acquisition.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@midascapital
• Xx.com/midascapital_jp

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments5 records

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

Frequently asked questions about Midas Capital