Japan is home to 15 unicorn startups, with a strong presence in industries like AI, mobility, and media. The ecosystem shows a mix of established players and new entrants. The list is led by battery manufacturer AESC with a $10B valuation. It also features newcomers like Sakana AI, which reached a $2B valuation just a year after its founding in 2023.
Below is the full list of 15 Japan unicorn startups at this time.
Top 10 Most Valuable Japan Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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Get the Sheet for $50AESC develops and manufactures high-performance lithium-ion batteries designed specifically for electric vehicles. Their technology also powers large-scale energy storage systems, helping to create more stable and sustainable power grids.
| Valuation | $10B |
| Headquarters | Sagamihara, Kanagawa, Japan |
| Year Founded | 2007 |
| Founders | — |
| Funding Amount | $1.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Sumitomo Mitsui Banking Corporation, National Wealth Fund, European Commission, Nissan Motor |
Kakao Japan operates Piccoma, a leading digital manga and webtoon platform, and manages the popular messaging app KakaoTalk for the Japanese market. They are known for creating mobile-first experiences that combine social communication with a vast library of digital entertainment.
| Valuation | $7B |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2011 |
| Founders | — |
| Funding Amount | $651.6M |
| Company Size | Lean Team (11-50) |
| Last Funding Status | Private Equity |
| Top Investors | Kakao Corp, Podotree, Anchor Equity Partners, Yahoo! Japan |
As part of the Rakuten Group, Rakuten Securities has built one of Japan's leading online brokerage platforms. Their service allows individual investors to trade a wide range of assets, including stocks, foreign exchange, and investment trusts.
| Valuation | $3B |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 1999 |
| Founders | — |
| Funding Amount | ¥80B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | — |
| Top Investors | Mizuho Financial Group |
Sakana AI builds foundation models based on nature-inspired intelligence, such as the collective behavior of a school of fish. Their research lab is creating generative AI that can produce text, images, and code using evolutionary principles.
| Valuation | $2B (Joined June 2024) |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2023 |
| Founders | David Ha, Llion Jones, Ren Ito |
| Funding Amount | $100M |
| Company Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | 500 Global, NVIDIA, Basis Set Ventures, Lux Capital, Khosla Ventures |
SmartNews offers a news discovery app that uses AI to find and organize stories from a wide array of publishers. The platform is designed to help users find quality journalism and break free from personalized filter bubbles.
| Valuation | $2B (Joined August 2019) |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2012 |
| Founders | Kaisei Hamamoto, Ken Suzuki |
| Funding Amount | $410.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | SMBC Venture Capital, Dentsu, JIC Venture Growth Investments, Globis Capital Partners, Atomico |
HashKey Group builds a full suite of financial services for the digital asset industry. They provide institutional and accredited investors with everything from a licensed exchange to venture capital and asset management.
| Valuation | $2B |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2018 |
| Founders | — |
| Funding Amount | $130M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Gaorong Capital, OKX Ventures |
Preferred Networks develops real-world applications for deep learning and robotics. They are known for applying their advanced AI solutions to solve complex challenges in sectors like biotechnology and industrial automation.
| Valuation | $2B (Joined May 2018) |
| Headquarters | Otemachi, Tokyo, Japan |
| Year Founded | 2014 |
| Founders | Daisuke Okanohara, Morikawa Hiroyuki, Nishitoba Jiro, Toru Nishikawa |
| Funding Amount | ¥44.6B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Mizuho Bank, MUFG Bank, Toyota Motor, Mitsubishi Corporation, Sumitomo Mitsui Banking Corporation |
SmartHR develops a cloud-native human resources platform that has become the top choice for businesses in Japan. The software automates critical administrative work, from labor management to employee benefits, freeing up HR teams to focus on more productive tasks.
| Valuation | $2B (Joined June 2021) |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2013 |
| Founders | Kensuke Naito, Shoji Miyata |
| Funding Amount | ¥42.6B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Light Street Capital, Kohlberg Kravis Roberts Japan, East Ventures, World Innovation Lab, Coral Capital |
JOLED manufactures high-performance OLED displays for specialized applications like medical and automotive systems. They pioneered a unique printing method for producing these screens, which represents a major innovation in the display manufacturing process.
| Valuation | $2B |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2015 |
| Founders | Ishibashi Tadashi |
| Funding Amount | ¥92.5B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Sony, Denso, Toyota Tsusho, Sumitomo Chemical, Panasonic |
Spiber produces a novel material called Brewed Protein using a proprietary microbial fermentation technology. Derived entirely from plant-based sugars, this bio-manufactured protein provides a sustainable alternative to conventional animal-based and synthetic materials.
| Valuation | $1.22B (Joined September 2021) |
| Headquarters | Tsuruoka, Yamagata, Japan |
| Year Founded | 2007 |
| Founders | Kazuhide Sekiyama, Sugahara Junichi |
| Funding Amount | $976.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | JAFCO, Baillie Gifford, Fidelity International, MUFG Bank, The Carlyle Group |
The Remaining 5 Unicorns Founded in Japan
Beyond the top ten, a diverse group of companies is also shaping Japan's startup landscape. They are tackling everything from gaming and crypto to manufacturing and clean energy.
While some are newer to the scene, others have been building for decades. Here’s a look at the rest of the unicorn startups shaping Japan.