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MZ Web3 Fund operates as an accredited venture capital firm, specializing in investments within the Web3 sector. The firm provides strategic capital and support to companies aiming for market entry and growth in Japan. Its core capability lies in integrating global Web3 ventures into the Japanese ecosystem through localized expertise and established networks.
The fund was established in June 2022 by Yusaku Maezawa, the entrepreneur known for founding the e-commerce company ZOZO, Inc. Maezawa launched MZ Web3 Fund, recognizing that emerging Web3 and Metaverse companies require dedicated investment and local guidance to effectively navigate the Japanese market.
MZ Web3 Fund targets early-stage Web3 companies and innovative projects. Its long-term vision is to be a pivotal enabler for widespread development and adoption of Web3 technologies across Japan. The firm seeks to cultivate a robust ecosystem of decentralized applications and empower pioneering founders.
MZ Web3 Fund has 6 tracked investments across 6 companies. The latest tracked deal is $184.2M Debt / Series B in Smooth in December 2025.