Dealroom – Japan Tech Update, 2Q 2024

In the second quarter of 2024, Japan startups raised $1.1 billion in venture capital through 214 funding rounds. The investment by stage ranged from pre-seed to mega rounds of over $250 million. Despite the ongoing investment trend in Japan, the frequency of deal activity remained high, with 78 rounds of $2 million or more raised by startups in Q2 2024, the highest in any year preceding. Early-stage venture capital in Japan was reported to be stable following a drop after 2022, while late-stage investment was on the rise again after a decline at the start of the year. Breakout-stage VC funding has fluctuated quarter by quarter, peaking in Q2. Overall, Japan's venture capital investment in 2024 was consistent with recent years.