[2015] VC returns on Tokyo Stock Exchange for IT related companies

This post continues to my past post “IPO Exits in Japan (2014–2016)

VC returns on Tokyo Stock Exchange for IT related companies
[2014] / [2015] (this post) / [2016] (coming soon)

*Most information and data are taken from each company’s IPO filing which includes information about all the fundraising that happened in the last 2 years before IPO.
**Return multiple is calculated based on [initial pricing/invested pricing]

2015 IPO tech related companies

Colored companies are VC backed.

All in US$Mn. Market Cap as of July 11th, 2017. Data from SPEEDA. $1=¥115.
  • 64% are VC funded

Number of IPOed tech portfolios for each VC

JAFCO

The most famous VC in Japan that have been investing from 1973. JAFCO has invested in 15% of the IPOed tech related companies in 2015, half the percentage of 2014. Aiming, an online gaming company, brought big amount to the fund but I’m not sure how the Brangista stock performed. Also seeing that JAFCO held 15%+ of Rentracks, very curious to know at what price they invested.

$1=¥115

More than 1 IPOed Corporate Venture Capital

CVCs are ORIX Capital Corporation (financial service), SANSEI CAPITAl (insurance), YJ Capital (tech), GaiaX Global Marketing & Ventures (tech), Mitsui Sumitomo Insurance (insurance), Nissay Capital (Insurance).

$1=¥115

More than 1 IPOed Independent Venture Capitals

$1=¥115
  • B Dash Ventures increased its # of IPOs in 2015. Although each investment wasn’t as attractive as the investment to Gumi, the fund has gained close to $10Mn.

More than 1 IPOed Venture Capital Arm of a Bank

$1=¥115

Other IPOed Venture Capitals

$1=¥115

…2016 version coming up next week