EnFi
EnFi is a Tokyo-based venture capital fund-of-funds firm that invests globally in game-focused VC funds. Founded in 2020 by former Sony PlayStation executive Michiko Kakiya, it serves institutional investors and family offices seeking diversified gaming-industry exposure through a specialized FoF vehicle.
- Company typePrivate
- Founded2020
- HeadquartersMinato, Japan
- Headcount1–10
- GTM typeB2B
- OfferingServices
What EnFi does
EnFi Inc. (EnFi株式会社) is a Tokyo-based venture capital fund-of-funds (FoF) management firm founded in 2020 by Michiko Kakiya, the former Sony Computer Entertainment PlayStation Tools & Middleware Program lead who later spent a decade as a securities analyst specializing in gaming. The firm positions itself as the world's only game-focused FoF, investing globally from Tokyo into emerging game-focused venture capital funds. Its portfolio comprises four fund investments: Sisu.vc, Behold Ventures, Transcend Fund, and LumiKai.
The firm's competitive positioning rests on a hybrid talent base: the founder's operational gaming background (Sony PlayStation incubation, PSP launch) combined with securities-analyst experience, supported by mentors including former Sony Computer Entertainment CTO Shinichi Okamoto and advisors from Nomura Securities. The investment thesis prioritizes small, agile emerging fund managers with strong local networks and entrepreneurial track records, with particular emphasis on overseas trend visibility. The firm's go-to-market is direct LP engagement with institutional investors and family offices seeking differentiated gaming-industry exposure, distributed through relationship-driven sales rather than standard channels.
EnFi generates revenue through standard VC fund economics: management fees on committed capital under management as a FoF operator, plus performance-based carried interest from successful portfolio fund exits. The firm has a single-product structure (one core FoF offering), 1-10 employees, ¥30M in paid-in capital, and is headquartered in Minato-ku, Tokyo (Akasaka 8-chome). Its strategic positioning has been amplified through 2025-2026 thought leadership around the Japanese government's ¥500 billion 5-year content industry budget and gaming's designation as one of 17 strategic sectors.
EnFi firmographics
Firmographics- Name
- EnFi
- Legal name
- EnFi株式会社
- Website
- https://enfi.co.jp
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- EnFi is a Tokyo-based venture capital fund-of-funds firm that invests globally in game-focused VC funds. Founded in 2020 by former Sony PlayStation executive Michiko Kakiya, it serves institutional investors and family offices seeking diversified gaming-industry exposure through a specialized FoF vehicle.
- Ownership category
- akta.pro rank
EnFi industry classification
Industry- Product category
- Venture Capital Fund Management
- NAICS
- All Other Financial Investment Activities (52399), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Venture Capital Fund-of-Funds (FSANAGAC)
- akta.pro secondary industry
- Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)
Keywords
Where EnFi is headquartered
LocationHeadquarters
- HQ city
- Minato
- HQ country
- Japan
- HQ region
- Asia
Offices1 record
Markets served
EnFi business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Fund Management Fees: Standard VC fund management fee structure charged on committed capital under management as a FoF operator.
- Carried Interest: Performance-based carried interest from successful portfolio fund exits, typical of VC fund structures.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
EnFi product offering
Product offeringCore offering
EnFi operates the world's only game-focused Fund-of-Funds (FoF) venture capital fund, raising capital from institutional Limited Partners and deploying it into promising game-focused venture capital funds globally from its Tokyo base. The firm's offering is a single FoF investment vehicle supported by specialized gaming-industry due diligence, an overseas fund-manager sourcing network, and hybrid expertise combining PlayStation development background with securities analysis experience.
Product overview
EnFi is a single-service venture capital fund management company offering one core product: a game-focused Fund-of-Funds (FoF). EnFi operates as the world's only game-specialized FoF fund, investing globally from Tokyo in promising game-focused venture capital funds. The company does not operate a multi-product or modular platform architecture; its sole offering is the game-focused FoF fund management and investment service.
Differentiator
Problem solved
Functional benefit
Products and services
- Game-Focused Fund-of-Funds (FoF) Venture Capital Fund A Fund-of-Funds investment vehicle that aggregates capital from institutional Limited Partners and family offices and deploys it into a curated set of game-focused venture capital funds worldwide. The product is designed for institutional investors and family offices seeking diversified exposure to the global gaming industry through a single, specialized FoF investment vehicle, and leverages gaming-industry operational and financial-analysis expertise for fund selection.
Companies that use EnFi
Customer profileSegments1 record
Ideal customer profiles1 record
EnFi technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
EnFi partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
EnFi competitors and assessment
Company assessmentDirect peers
- Hiro Capital: UK-based venture capital fund investing in games, esports, metaverse, and digital entertainment technologies. Comparable to EnFi because both are gaming-specialist VC vehicles competing for the same LP pool and operating globally; Hiro Capital invests directly whereas EnFi's model is FoF.
- Play Ventures: Global gaming-focused venture capital firm with multiple funds investing across the gaming ecosystem. Comparable to EnFi because both pursue a gaming-only investment thesis and compete for institutional capital seeking diversified gaming VC exposure; Play Ventures is a direct-investment manager rather than a FoF.
- Konvoy Ventures: Venture fund focused on the video game and esports industry, backing gaming infrastructure, platforms, and content companies. Comparable to EnFi because both are dedicated gaming VC vehicles competing for institutional capital allocating to gaming; Konvoy is a direct-investment fund whereas EnFi allocates via FoF.
- Griffin Gaming Partners: Venture capital firm focused on the global gaming industry, led by industry veterans and investing across the gaming value chain. Comparable to EnFi because both are gaming-exclusive VC firms operating globally and competing for the same LP capital targeting gaming exposure; Griffin is a direct-investment fund rather than a FoF.
- Galaxy Interactive: Multi-stage investment firm focused on interactive entertainment and gaming. Comparable to EnFi because both allocate institutional capital to the gaming thesis and compete for LP mindshare in gaming-themed venture exposure, though Galaxy Interactive invests directly in startups rather than via a FoF structure.
- Makers Fund: Early-to-growth stage venture capital firm focused on interactive entertainment and gaming companies. Comparable to EnFi because both are gaming-exclusive VC vehicles pursuing similar institutional LP dollars and operating from Asia-relevant networks, though Makers Fund invests directly rather than as a FoF.
- BITKRAFT Ventures: Global gaming-focused venture capital fund that invests directly in gaming startups across multiple stages and geographies. Comparable to EnFi because both specialize exclusively in the gaming VC opportunity and compete for the same LP capital seeking thematic gaming exposure, though BITKRAFT is a direct-investment VC rather than a FoF.
- London Venture Partners (LVP): Veteran-led venture capital fund partnering with game studios and interactive entertainment businesses worldwide. Comparable to EnFi because both are exclusively gaming-focused VC vehicles; LVP is a direct-investment fund that competes for the same institutional gaming-allocation capital.
- 1Up Ventures: Early-stage venture capital fund focused on the gaming industry, backing gaming startups across various platforms. Comparable to EnFi because both target institutional capital seeking gaming-specific VC exposure; 1Up Ventures is a direct-investment fund, whereas EnFi's model is FoF.
Broad incumbents
- Khosla Ventures: Large, established US venture capital firm that has made selective gaming and entertainment tech investments. Comparable to EnFi as a broad incumbent that overlaps in the entertainment/investment thesis but is a multi-stage, multi-sector direct investor rather than a gaming-niche FoF.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
EnFi social profiles
Digital presenceEnFi financial estimates
Financial estimateRevenue estimate
Valuation estimate
EnFi leadership team
Management profileNumber of profiles
Profiles2 records
EnFi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EnFi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EnFi
What does EnFi do?
EnFi operates the world's only game-focused Fund-of-Funds (FoF) venture capital fund, raising capital from institutional Limited Partners and deploying it into promising game-focused venture capital funds globally from its Tokyo base. The firm's offering is a single FoF investment vehicle supported by specialized gaming-industry due diligence, an overseas fund-manager sourcing network, and hybrid expertise combining PlayStation development background with securities analysis experience.
Is EnFi a public or private company?
EnFi is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EnFi founded?
EnFi was founded in 2020. It employs 1 to 10 people.
Where is EnFi based?
EnFi is headquartered in Minato, Japan, in the Asia region.
How does EnFi make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest.
Who are EnFi's main competitors?
Direct peers on record are Hiro Capital, Play Ventures, Konvoy Ventures, Griffin Gaming Partners, Galaxy Interactive, Makers Fund, BITKRAFT Ventures, London Venture Partners (LVP) and 1Up Ventures. Khosla Ventures is listed as a broad incumbent.
Does EnFi have an API?
No public API is recorded for EnFi.
What industry is EnFi in?
EnFi's product category is Venture Capital Fund Management. Its primary akta.pro industry code is FSANAGAC, Venture Capital Fund-of-Funds, with a secondary code of FSAHAKAF, Private Markets Fund of Funds (PE / VC / Private Credit FoF). Its NAICS code is 52399 and its SIC code is 6282.