Invention of Problem


Proving an Impact through one investment

An investment that restructures the “value” and “quality".

Supplying big capital is not an essential value of our firm.

We have a strong attitude to input and drive “critical thinking” behind a new startup.

After the problem is clarified and solution become established in the world,

people could not imagine the society without that solution.

An investment that innovates this world.

We will become a real partner to execute the strategy together.

INVENTION OF THE ESSENCE ----we will keep on doing it.


  • Coda Payments

    Neil Davidson

    The reason I chose GMO VenturePartners?

    Deep domain expertise in payments.

  • KAIZEN platform
    CEO / co-founder

    Kenji Sudo

    The reason I chose GMO VenturePartners?

    Each member of the firm has experience of managing their own businesses and knows a lot about the industry. I felt so comfortable talking with them, since we experience something in common.

  • FreakOut
    CEO / founder

    Honda Yuzuru

    The reason I chose GMO VenturePartners?

    I wanted to let someone who is strong in adtech, on board.

  • Sansan
    CEO / founder

    Chika Terada

    The reason I chose GMO VenturePartners?

    I qualitatively judged by two factors. If I would like to work with these guys and they will strongly influence in our growth.

  • Lancers
    CEO / founder

    Yosuke Akiyoshi

    The reason I chose GMO VenturePartners?

    We wanted a real partner that we can trust and maximize our business.

    CEO / founder

    Umeda Yusuke

    The reason I chose GMO VenturePartners?

    I focused at two points; sharing the same vision and have a strong experience at building a new business.

  • Chatwork
    CEO / founder

    Toshiyuki Yamamoto

    The reason I chose GMO VenturePartners?

    I had an intution that GMO will be a strong partner competing globally

  • Money Forward
    CEO / founder

    Yosuke Tsuji

    The reason I chose GMO VenturePartners?

    GMO has an entrepreneur's mindset and knows "the importance of innovation" and is the partner that we can share our vision as a long term partner.

  • Raskul
    CEO / founder

    Yasukane Matsumoto

    The reason I chose GMO VenturePartners?

    I have a strong respect and there is a lot to learn from the managment team. Also, GMO commits to support us for a long term to become an excellent company.

  • Aperza
    CEO / founder

    Makoto Uno

    The reason I chose GMO VenturePartners?

    “The manufacturing industry has a great potential to change Japan.” I said talking about future trends. They shared my excitement, so I am sure that it was a right choice to make them our partner.



  • Japan
  • AXEL MARK, INC.【3624】
    (went public in 2006)
  • aratana inc.
    (acquired by START TODAY)
    aratana inc.
  • Weblio, Inc. Weblio, Inc.
  • VASILY, Inc.
    (acquired by START TODAY)
    VASILY, Inc.
  • Kauli, Inc.
    (acquired by VOYAGE GROUP)
    Kauli, Inc.
  • Sansan, Inc.【4449】
    (went public in 2019)
    Sansan, Inc.
  • C Channel【7691】
    (went public in 2020)
    C Channel
  • Chatwork【4448】
    (went public in 2019)
  • Nangoku Software Co.,Ltd. Nangok Software Co.,Ltd.
  • LIFULL Co., Ltd.【2120】
    (went public in 2006)
    LIFULL Co., Ltd.
  • bitFlyer Inc.  bitFlyer Inc.
  • FreakOut Holdings, inc.【6094】
    (went public in 2014)
  • Full Speed Inc.【2159】
    (went public in 2007)
    Full Speed Inc.
  • VECTOR INC.【6058】
    (went public in 2012)
  • popIn Inc.
    (acquired by Baidu)
    popIn Inc.
  • Money Forward, Inc.【3994】
    (went public in 2017)
    Money Forward, Inc.
  • Mercari, Inc.【4385】
    (went public in 2018)
    Mercari, Inc.
  • UZABASE, Inc.【3966】
    (went public in 2016)
    UZABASE, Inc.
  • REALWORLD,inc.【3691】
    (went public in 2014)
  • LOCKON CO.,LTD.【3690】
    (went public in 2014)
  • raksul, Inc.【4384】
    (went public in 2018)
    raksul, Inc.
  • renoveru,Inc. renoveru,Inc.
  • Aperza Inc. Aperza Inc.
  • Kaizen Platform, Inc. Kaizen Platform, Inc.
  • LeapMind, Inc. LeapMind, Inc.
  • every, Inc. every, Inc.
  • Knowledge Merchants Works Inc. Knowledge Merchants Works Inc.
  • Balus CO., LTD. Balus CO., LTD.
  • Agatha Inc. Agatha Inc.
  • Chikaku Inc. Chikaku Inc.
  • SmartNews, Inc. SmartNews, Inc.
  • TradFit Inc. TradFit Inc.
  • Incubation
  • Truss Inc. Truss Inc.
  • SenSprout Inc. SenSprout Inc.
  • Spready Inc. Spready Inc.
  • CO-NECT Inc. 株式会社ハイドアウトクラブ
  • Global
  • Coda Payments Coda Payments
  • Qihoo 360 Technology Co. Ltd.
    (went public in 2011)
    Qihoo 360 Technology Co. Ltd.
  • 2C2P Pte. Ltd. 2C2P Pte. Ltd.
  • Red Dot Payment Pte. Ltd. Red Dot Payment Pte. Ltd.
  • Dragonpay Corporation. Dragonpay Corporation.
  • Razorpay, Inc. Razorpay
  • FinAccel Pte Ltd. Finaccel
  • Carro Carro
  • Pathmind Pathmind
  • One Mobikwik Systems Pvt. Ltd. Mobikwik
  • Boku, Inc.
    (went public in 2017)
  • LetsTransport LetsTransport
  • Appota Corporation Appota
  • Modal Modal
  • Rad AI Rad AI
  • Ride Report Ride Report
  • seamlessGOV seamlessGOV
  • Funding U Funding U
  • mosaix mosaix
  • earnin earnin
  • Side Side
  • Fundbox Fundbox
  • Stocktwits Stocktwits
  • Drip Capital Drip Capital
  • Accel Robotics Accel Robotics
  • Rentomojo Rentomojo
  • Xendit Xendit


Total Capital$170Mas of December 2019

Target AreaASIA & USA

No. of Portfolio148as of December 2019

No. of IPO16as of December 2019

Target StageMulti Stage

Group Facts


141 Group Companies (in 2019)

Net sales(Consolidated)
$1,961 million (in 2019)

Operating income(Consolidated)
$252 million (in 2019)

  • 〔Mobile / Gaming Segment〕Smartphone/ Gaming 1,090K MAU

    [Smartphone / Gaming]

    230K MAU

    as of Dec 2018

  • 〔Internet Infrastructure Segment〕Online Securities FX Trading No.1 in Transaction Fees in the world.

    [Internet Securities Business]

    No.1 Transaction Volume
    of FX Trading in Japan

    as of Dec 2019

  • 〔Internet Infrastructure Segment〕Website Hosting Service Market Share 56.8% 710K Websites

    [Website Hosting Service]

    56.4% Market Share in Japan
    872K Active Subscribers

    as of Dec 2019

  • 〔Internet Infrastructure Segment〕Online Payment 47K websites that make $13 billion Transactions Volume / year.

    [Online Payment]

    112K Merchants

    $38 billion Transaction Volume

    as of Feb 2019

  • 〔Internet Infrastructure Segment〕Domain Registration Market Share 92.8% 4,250K Websites

    [Domain Registration]

    87.4% Market Share in Japan

    as of Dec 2019

  • 〔Internet Infrastructure Segment〕e-commerce consulting service Japan No.1

    [eCommerce Cart]

    No.1 Share in Japan

    as of Dec 2019

  • 〔Internet Infrastructure Segment〕Security Technology SSL Japan Market Share No.1

    [SSL Certificates]

    No.1 in Japan

    as of Dec 2019

  • 〔Online Advertising/ Media Segment〕Online Advertising 17,820K PC Users 4,270 MAU

    [Ad / Media]

    3,750K MAU

    as of Dec 2017


Ryu Muramatsu

Ryu Muramatsu | Director / Founding Partner

Ryu Muramatsu is a co-founder and Executive Vice President of GMO Payment Gateway Inc and a Founding Partner and Director of GMO VenturePartners. GMO Payment Gateway is the largest online payment service provider in Japan, public since 2005. Currently, he resides in Singapore to focus on Asian market. Prior to founding his first payment startup, Ryu worked for JAFCO, the largest VC in Japan and JAFCO Ventures in Silicon Valley. He was in charge of Business Development and Japanese connection of its US based portfolio companies. As an investor and entrepreneur, it’s 50 portfolio companies include 14 IPOs and 9 billion dollar companies at maximum. (GMO Internet Inc., GMO Payment Gateway Inc., Qihoo 360 Technology Co. Ltd., VECTOR INC., Mercari, Inc.) Ryu earned his B.A. degree from Waseda University.

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Tomohiro Miyasaka

Tomohiro Miyasaka | Partner

Tomohiro worked for SBI Holdings, Inc.,an internet bank group in Japan. At SBI Holdings he co-founded SBI Sumishin Net Bank, Ltd., an online bank startup. He joined GMO VenturePartners in 2008. At GMO VentureParters he has invested in many companies and became a Board of Director for portfolio companies. He earned his B.A. degree from Keio University.

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Kazuyasu Sugiyama

Kazuyasu Sugiyama | Rep. Director

Kazu was in charge of fund raising, management and legal at Softbank Investment(Currently SBI Investment) and Nippon Venture Capital. Also at Nippon Venture Capital he was a head of venture capital fund raising and managment business. Through, the business he was involved in various numbers of fund raising and management including GMO VenturePartneres. Kazu became representive director of GMO VenturePartners at October of 2016. He earned his B.A from Hitotsubashi University.

Kota Uno

Kota Uno |Senior Associate / Incubation investment

In 2009, Kota joined ABeam M&A Consulting and engaged in business due diligence and value-up plan construction after investment. After that, I have charge of a marketing project of a pharmaceutical company at M3, Inc which operates a portal site for medical staff. I work for this fund from 2017. Master of Engineering, Hokkaido University.

Yuta Yamamoto

Yuta Yamamoto | Senior Associate / Global investment

Yuta joined GMO VenturePartners in 2018 with a focus on global investments in the US, Europe, SEA, and India, where he helps support current and future portfolio companies. Prior to the current position, he worked at Hardware Club, a French venture capital where he handled its Japan operation, participated in its first fundraising and evaluated international investment opportunities. He started his career in the Real Estate and Hotel Management department at Japan Post Holdings. Yuta holds MBA from HEC Paris and BA from The University of Tokyo.

Shintaro kawano

Shintaro Kawano | Value-Up Specialist

Shintaro joined Slogan, Inc. at its early stage in 2009 and engaged venture company and startups hiring support. He served as the Head of Sales, Head Office Executive Officer and Group Company Director. In 2017, he went on loan to REAPRA Ventures, a Singapore-related VC, and participated in the launch of Tokyo office as HR Manager. He returned to Slogan, Inc. in 2018. Since 2020, he works in domestic investment execution / support at GMO VenturePartners. Graduated the faculty of Law of Meiji University.

Ishibashi Hideto

Ishibashi Hideto | Design Fellow

Hideto is an information architect, a business concept designer, and a service planner. His work is to plan, design and develop websites, web services and applications. His motto is from philosophy to implementation. He became an advisor of GMO Venture Partners since 2005. Recently, as a Design Fellow, he supports portfolio companies through his experience as a designer. Hideto graduated from Kurume National College of Technology.

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June 19, 2020

NOT A HOTEL inc. has raised an investment of about ¥ 1 billion join by ANRI, GMO VenturePartners, SMBC Venture Capital etc.

May 25, 2020

Knowledge Merchants Works Inc has raised ¥760M from Mitsui Fudosan Co., Ltd(31VENTURES Global Innovation Fund 1 operated by Global Brain Corporation), YAKUODO HOLDINGS CO.,LTD, BrainPad Inc, Double Sharp Partners Corporation, and GMO VenturePartners.


May 25, 2020

C Channel Corporation.just went Public to TOKYO PRO Market(Market for the high-growth and emerging stocks)today.

May 8, 2020

The application for the listing of C Channel has officially been approved by TOKYO PRO Market (Market fo the high-growth and emerging stocks).


December 18, 2019
Lancers,inc. just went Public to Mothers(Market for the high-growth and emerging stocks)today.

About us

Corporate Profile

GMO VenturePartners, Inc.
September 2005
Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN


Masatoshi Kumagai Founder & Group CEO of GMO Internet Inc.
Rep. Director
Kazuyasu Sugiyama
Founding Partner Ryu Muramatsu (Director of GMO Payment Gateway Inc.)
Hiroyuki Nishiyama (Chief Operating Officer of GMO Internet Inc)
Masashi Yasuda (Chief Financial Officer of GMO Internet Inc)
Koichi Tachibana

Investment Partner

Ryu Muramatsu
Tomohiro Miyasaka

Business summary

Venture capital investment and startup incubation services


Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo



1 Wallich Street, Guoco Tower, #25-01A, Singapore 078881

Contact Us