Angel Bridge Closes $170M Third Fund to Back Japan’s Next Generation of Mega-Ventures

Angel Bridge has closed its third and largest fund, raising $170 million (¥26 billion) to support early- and mid-stage startups across Japan. The Tokyo-based venture capital firm, founded in 2015, continues to apply a private-equity style model to venture investing, combining rigorous due diligence with hands-on operational support.

The new Angel Bridge Unicorn Fund III will invest in 30 to 40 companies , allocating roughly 70% to IT services —including SaaS and platform businesses—and 30% to university-origin and deep-tech ventures .

Initial investments will range from $200,000 to $13 million (¥30 million–¥2 billion) , with cumulative commitments of up to $33 million (¥5 billion) for high-growth companies. The fund has already invested $26 million (¥3.9 billion) across nine startups.

Across its previous funds, Angel Bridge has deployed $80 million (¥12.2 billion) into 48 companies, backing firms such as Craft Bank, Lisse, MeetsMore and the iPS-cell regenerative medicine startup Heartseed. Its investment team, drawn from leading finance and professional services firms, emphasises fact-based analysis and close support for founders.

Over 90% of the capital in Fund III comes from major institutional investors, supplemented by commitments from 11 regional banks aiming to accelerate digital transformation in local industries. LPs highlighted the firm’s disciplined, repeatable investment approach and its ambition to help expand Japan’s venture ecosystem.

With Fund III, Angel Bridge aims to scale a new cohort of globally competitive Japanese ventures, while contributing to broader economic revitalisation through the creation of high-productivity, innovation-driven businesses.

Sources:
PR Times
Third News

J.V.