BP Capital

What BP Capital does

BP Capital is a Tokyo-based private venture capital firm founded in April 2020, focused on regional revitalization in Japan through a three-pillar model combining investment (資金), intellectual property/management consulting (知財), and human resources matching (人財). The firm operates as General Partner of three limited partnership funds: the Oku-Noto SDGs Investment Fund (established July 2021) targeting SDGs-aligned businesses in the Noto region, the TUAT No.1 Investment Fund (established January 2023) focused on commercializing research from Tokyo University of Agriculture and Technology and other national universities, and the Noto Beyond Reconstruction Investment Fund (established September 2024) supporting post-earthquake recovery following the 2024 Noto Peninsula Earthquake. BP Capital has executed 17+ portfolio investments spanning deep tech (ASEMtech, non-invasive medical sensing), agriculture and food (paditch smart paddy management, organic rice, food loss reduction via TABETE), EdTech (Inspire High), tourism (GOOPASS camera rental), and regional spirits production (Noto Naorai Jochu).

The firm's revenue model derives from management fees on the three managed funds, carried interest from successful exits, and IP/management consulting services delivered partly through a partnership with Deloitte Tohmatsu. BP Capital's distribution relies on a dense regional network including 3 cities and 2 towns in Noto, two local credit unions (Kono, Noto Kyoei), QR Investment as co-GP (Hokuriku Financial Group), and a 9-LP institutional base for the TUAT Fund anchored by Japan Policy Finance Corporation. GTM activities include a university partnership (TUAT, October 2023), an owned media platform (BPC, launched July 2025), a licensed employment placement business (license 13-ユ-312392), and emerging portfolio-company GTM partnerships (e.g., Keio Plaza Hotel serving Noto Jochu). Recognition includes the MAFF Reiwa 4 Startup Support Program and the Japan Patent Office's VC-IPAS 2025 designation, the latter enabling IP specialist support for portfolio companies.

Name

BP Capital

Legal name

BPキャピタル株式会社

Website

https://bpcapital.co.jp

Company type

Private

Founded year

2020

Operating status

Operating

Short description

BP Capital is a Tokyo-based venture capital firm founded in 2020 that invests in regional Japanese startups through three funds (Oku-Noto SDGs, TUAT No.1, Noto Beyond Reconstruction), providing capital, management consulting, and human resource matching to portfolio companies and regional SMEs.

Ownership category

akta.pro rank

Product category

Venture Capital / Regional Investment Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)

Keywords

• Venture capital funds
• Regional revitalization investment
• Startup investment management
• University spinoff financing
• Management consulting services

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, Others

Revenue model

1. Fund Management Fees: BP Capital earns management fees from the funds it operates as General Partner (GP), including the Noto SDG Fund, TUAT 1 Fund, and Noto Beyond Reconstruction Fund.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits, aligned GP/investor incentives.
3. Intellectual Property Consulting Services: Revenue from consulting services, management know-how provision, and training programs for regional enterprises, including CVC establishment and corporate operation support.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

BP Capital is a venture capital and fund management firm that operates as General Partner of three regional investment funds (Oku-Noto SDGs Fund, TUAT No.1 Fund, and Noto Beyond Reconstruction Fund) to provide capital to early-stage startups and university spinoffs in Japan's regional areas, particularly the Noto region. It supplements its investment activity with IP-related consulting (management consulting via Deloitte Tohmatsu, training, CVC establishment support) and HR-related services (talent matching and licensed paid employment placement).

Product overview

BP Capital operates three interconnected business lines: Investment Services (providing capital to regional businesses and managing three named investment funds), Intellectual Property Services (offering management consulting, CVC establishment support, and venture business training), and Human Resources Services (connecting regional employment needs with talent through relocation, part-time, and remote work programs). The company manages the Oku-Noto SDGs Fund, TUAT No.1 Fund, and Noto Beyond Reconstruction Fund, and launched its owned media platform BPC in 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Oku-Noto SDGs Investment Fund (奥能登SDGs投資事業有限責任組合) Regional investment fund (LPS) for sustainable business creation and SDGs achievement in the Noto region of Ishikawa Prefecture, co-operated with QR Investment. Targets sustainable regional businesses and SDGs-aligned startups.
• TUAT No.1 Investment Fund (TUAT1号投資事業有限責任組合) University spinoff and deep tech investment fund (LPS/GP) for social implementation of research outcomes from Tokyo University of Agriculture and Technology and other national universities. Recognized as Japan's first certified fund for industry-government-academia collaboration.
• Noto Beyond Reconstruction Investment Fund (のとBeyond復興投資事業有限責任組合) Post-disaster reconstruction investment fund (LPS/GP) for creative reconstruction of the Noto region following the 2024 Noto Peninsula Earthquake, focused on long-term sustainable recovery.
• BPC Owned Media (BPC オウンドメディア) Owned media content platform launched in July 2025 that delivers stories of portfolio companies challenging innovation from an investment and regional revitalization perspective, including portfolio company spotlights and interview series.

Quantifiable outcome

• ¥250 million raised by ASEMtech in Series A (2025), with clinical trials and regulatory filing for medical device underway
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered secondary, core and key.

• Keio Plaza Hotel (京王プラザホテル)secondaryGTM or Marketing Partner · 9 March 2026Keio Plaza Hotel's main bar 'Brillant' in Tokyo-Shinjuku began serving original cocktails using Noto Jochu (能登浄酎) produced by portfolio company Noto Naorai. Demonstration experiment running until April 30, 2026, targeting VIP and inbound customers to promote Noto regional products.
• Tokyo University of Agriculture and Technology (東京農工大学)coreStrategic or Co-development Partner · 2 October 2023Partnership agreement for technology commercialization and startup support. BP Capital supports social implementation of TUAT research成果, particularly in agriculture, smart farming, livestock, and deep tech. TUAT Fund (TUAT1号投資事業有限責任組合) established January 2023 with TUAT as a core LP/investment target. BP Capital participates in joint LP meetings and provides investment support.
• Noto Regional Municipalities (能登地域3市2町), Kanazawa University, and Regional PartnerskeyStrategic or Co-development Partner · 25 November 2021BP Capital signed SDGs promotion partnership with 3 cities and 2 towns of the Noto region (珠洲市を含む), Kanazawa University, 興能信用金庫, のと共栄信用金庫, Astena Holdings, and Hokuriku Financial Holdings to support regional SDGs achievement through investment and regional resource utilization.
• Asanuma Shuzo (鳥屋酒造株式会社)secondaryStrategic or Co-development PartnerNoto-based sake brewery supplying sake (池月) as raw material for Noto Naorai's Jochu distilled spirit. Noto Naorai invests in the recovery of local sake breweries affected by the Noto Peninsula earthquake, with revenue from Jochu sales returned to the brewery.
• Deloitte Tohmatsu (デロイト・トーマツ)secondaryImplementation/ SI/ Consulting PartnerPartnership with Deloitte Tohmatsu for management consulting services offered to regional SMEs. BP Capital's IP/knowledge pillar leverages Deloitte's expertise for regional enterprise improvement, business succession, and economic revitalization consulting.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Real Tech Holdings: Japanese deep-tech focused venture capital firm with multiple regional and university-focused funds. Comparable to BP Capital in its focus on university spinoffs, deep tech, and government-backed fund structures supporting regional Japanese innovation.
• Mirai Sōzō Investments (みらい創造インベストメンツ): Japanese VC firm that co-invested with BP Capital in ASEMtech's ¥250M Series A. Comparable in focus on university spinoffs, deep tech, and Japanese regional innovation with multiple fund vintages and government-affiliated LP relationships.
• Beyond Next Ventures: Tokyo-based early-stage deep tech VC firm supporting university-launched startups. Directly comparable to BP Capital's TUAT Fund thesis—identifying and commercializing university research, particularly in materials, biotech, and engineering.
• QR Investment: Kanazawa-based venture capital subsidiary of Hokuriku Financial Group that operates as co-GP with BP Capital on the Noto SDG Fund and Noto Beyond Reconstruction Fund. Closely aligned as a Hokuriku region-focused VC with similar regional revitalization thesis.

Broad incumbents

• Nissay Capital: Japanese VC firm affiliated with Nippon Life Insurance, operating multiple funds with regional and sector-focused mandates. Comparable to BP Capital as a Japan-focused VC with corporate LP backing, though at larger scale and broader mandate.
• JAFCO Group: Japan's largest and oldest venture capital firm, with diversified fund offerings across stages and regions. Comparable as a Japanese VC managing multiple funds with institutional LP base, though JAFCO operates at much larger scale than BP Capital's regional focus.
• Regional Economy Vitalization Corporation of Japan (REVIC): Government-backed institution supporting regional business revitalization across Japan, with investment fund operations. Comparable to BP Capital in regional focus and government-affiliated LP relationships, though REVIC operates at national scale with broader sector mandate.
• DBJ Capital: Japanese VC arm of Development Bank of Japan, supporting innovation and regional revitalization through fund-of-funds and direct investments. Comparable to BP Capital in government-affiliated backing and focus on regional economic development.
• Mitsubishi UFJ Capital: Japanese VC firm backed by MUFG Bank, managing multiple funds including regional and university-focused vehicles. Comparable to BP Capital in operating multiple specialized funds with regional focus, though with larger capital base and broader investment scope.
• Mizuho Capital: Japanese VC firm backed by Mizuho Financial Group, operating multiple funds across stages. Comparable to BP Capital as a multi-fund Japanese VC, though with broader sector mandate and larger capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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M&A

Investments8 records

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

Frequently asked questions about BP Capital