
Investments
51Portfolio Exits
4Funds
7About Miyako Capital
Miyako Capital is a venture capital firm. It focuses on early-stage investments in fields such as life science and biotechnology, agri-food, environment, IT and electronics, and more. The company was founded in 2013 and is based in Kyoto, Japan.
Latest Miyako Capital News
May 12, 2025
直近数年で上場したバイオベンチャーは上場時の時価総額が100億円程度にとどまることが多く「バイオベンチャー100均問題」と課題を指摘する声もある。実際、2024年度に東証に上場した5社中、5月9日段階で時価総額が100億円を超えているのは2社だけだ。 新薬開発に多額の資金が必要となるバイオベンチャーにとって、スタートアップエコシステムがしっかりと機能していなければ、画期的な新薬という“果実”を得ることは難しくなる。京都大学認定VCのみやこキャピタルでパートナーを務める三澤宏之氏は、長年バイオ・ヘルスケア分野を支援してきた立場から「M&Aによるイグジット(スタートアップの出口戦略)が増えていかないと、バイオスタートアップは育たない」と指摘する。 なぜバイオベンチャーの時価総額は低いのか
Miyako Capital Investments
51 Investments
Miyako Capital has made 51 investments. Their latest investment was in Fermelanta as part of their Series A on August 29, 2025.

Miyako Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/29/2025 | Series A | Fermelanta | $13.6M | Yes | 4 | |
8/7/2025 | Series B | mui Lab | No | 2 | ||
11/8/2024 | Seed VC - IV | EX-Fusion | $7.2M | Yes | Chishima Real Estate, and Delight Ventures | 2 |
10/2/2024 | Seed VC | |||||
9/10/2024 | Seed VC - III |
Date | 8/29/2025 | 8/7/2025 | 11/8/2024 | 10/2/2024 | 9/10/2024 |
---|---|---|---|---|---|
Round | Series A | Series B | Seed VC - IV | Seed VC | Seed VC - III |
Company | Fermelanta | mui Lab | EX-Fusion | ||
Amount | $13.6M | $7.2M | |||
New? | Yes | No | Yes | ||
Co-Investors | Chishima Real Estate, and Delight Ventures | ||||
Sources | 4 | 2 | 2 |
Miyako Capital Portfolio Exits
4 Portfolio Exits
Miyako Capital has 4 portfolio exits. Their latest portfolio exit was Liberaware on July 29, 2024.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/29/2024 | IPO | Public | 1 | ||
Date | 7/29/2024 | |||
---|---|---|---|---|
Exit | IPO | |||
Companies | ||||
Valuation | ||||
Acquirer | Public | |||
Sources | 1 |
Miyako Capital Fund History
7 Fund Histories
Miyako Capital has 7 funds, including Miyako Kyoto University Innovation Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/30/2015 | Miyako Kyoto University Innovation Fund | Multi-Stage Venture Capital | Open | $16.75M | 1 |
10/9/2013 | Kyoto University 2nd Venture Fund (京都大学2号ベンチャーファンド) | ||||
Miyako Kyoto University Innovation No. 3 Investment Limited Partnership | |||||
MIYAKO Kyoto University Innovation L.P. (みやこ京大イノベーション投資事業有限責任組合) | |||||
Kyoto University Venture Fund II |
Closing Date | 11/30/2015 | 10/9/2013 | |||
---|---|---|---|---|---|
Fund | Miyako Kyoto University Innovation Fund | Kyoto University 2nd Venture Fund (京都大学2号ベンチャーファンド) | Miyako Kyoto University Innovation No. 3 Investment Limited Partnership | MIYAKO Kyoto University Innovation L.P. (みやこ京大イノベーション投資事業有限責任組合) | Kyoto University Venture Fund II |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Open | ||||
Amount | $16.75M | ||||
Sources | 1 |
Miyako Capital Team
4 Team Members
Miyako Capital has 4 team members, including current Executive Vice President, Hiroaki Okahashi.
Name | Work History | Title | Status |
---|---|---|---|
Hiroaki Okahashi | Executive Vice President | Current | |
Name | Hiroaki Okahashi | |||
---|---|---|---|---|
Work History | ||||
Title | Executive Vice President | |||
Status | Current |
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