VC returns on Tokyo Stock Exchange for IT related companies
This post continues to my previous post “IPO Exits in Japan (2014–2016)”
My next 3 posts will be about how much return each venture capitals earned from their IPOed startups each year starting from 2014. Most information and data is 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]
**I left out some minor investors (under $200k) to make the chart simple
2014 IPO tech related companies
Colored companies are VC backed.
- 65% are VC funded
Number of IPOed tech portfolios for each VC
The most famous VC in Japan that have been investing from 1973. JAFCO has invested in more than 30% of the IPOed tech related companies in 2014 (amazing)!
Mitsubishi UFJ Capital
Mitsubishi UFJ Capital, a venture capital arm of one of the largest bank in Japan, doesn’t invest big checks but appears in almost one fifth of the IPOed tech related companies in 2014.
More than 1 IPOed Corporate Venture Capitals
CVCs are Nissay Capital (Insurance), CyberAgent Ventures (tech), GMO Venture Partners (tech), YJ Capital (tech), DG Incubation (tech).
More than 1 IPOed Independent Venture Capitals
Globis Capital Partners, investing in seed to pre IPO stage, and East Ventures and Incubate Fund, focusing on seed investing, are famous independent VCs in Japan.
Other IPOed Venture Capitals
- Gumi was a large bet for B Dash Ventures and WiL, investing more than $5mn
- Although the price or the investment amount is undisclosed, DCM invested in Scigineer in a very early stage and have already collected its investment amount in 2015 by selling part of its share to Softbank, decreasing the share to 12.08%.