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Key people at Norinchukin Capital.
Norinchukin Capital builds and manages private equity funds, providing capital and strategic support to companies at various stages of development. The firm focuses on identifying potential within businesses and nurturing their growth. It leverages the extensive networks of Japan Agricultural Cooperatives (JA), Japan Fisheries Cooperatives (JF), and JForest, along with the broader investment and banking capabilities of The Norinchukin Bank, to create value for its portfolio. Their approach incorporates robust ESG initiatives into investment decision-making and monitoring processes.
The company was formally established on August 10, 2021, by The Norinchukin Bank, a major financial institution. This creation followed decades of private equity investment experience within the bank, which began investing in PE funds in 1998, co-investments in 2004, and direct investments in 2019. Toru Wada serves as President. The insight driving its formation was to consolidate and expand these activities under a dedicated fund management entity, transferring the bank's seasoned investment professionals to form Norinchukin Capital.
Norinchukin Capital's funds serve a diverse range of companies, from early-stage startups to mature enterprises seeking growth or buyout capital. While investing across various sectors, it emphasizes food and beverage, as well as emerging fields like climate tech, fintech, agtech, foodtech, and lifetech through its strategic co-creation fund. The firm's long-term vision is to act as a trusted fund manager, realizing the potential of companies, meeting investor expectations, and contributing to broader social and economic development through responsible investment practices.
Key people at Norinchukin Capital.
Norinchukin Capital has 4 tracked investments across 4 companies. The latest tracked deal is $1.4M Pre-Series A in Respo in September 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 8, 2025 | Respo | $1.4M Pre-Series A | — | KDDI |
| Sep 5, 2025 | Fermenta | $13.5M Series A | — | Angel Bridge, Beyond Next Ventures, Hokuriku Startup Community Fund, Keio Innovation Initiative, Mitsubishi UFJ Capital, Miyako Capital, SMBC Venture Capital, Universal Materials Incubator |
| Feb 6, 2024 | Fotographer AI | $940K Seed | — | Satoshi Hagiya, Shimasaki Takuya, Mizuho Capital |
| Aug 22, 2022 | Ubie | $26.2M Series C | — | DAI Ichi Life, EGG FORWARD, Suzuken, Venture Capital Limited |