Japan-based VC firm UNLEASH Capital closes Rs 300 crore maiden fund

Bengaluru: Japanese venture capital firm UNLEASH Capital Partners (UNLEASH) on Tuesday announced the final close of its first fund at Rs 300 crore, which was oversubscribed against the initial target.

The fund attracted about 35 Japanese Limited Partners (LPs). UNLEASH Capital has already announced seven investments from the fund.

Natsuki Sugai founded UNLEASH Capital Partners in collaboration with Gojo & Company. The fund will invest in innovative early-stage startups revolutionising the financial ecosystem in India.

“We have plans to make a total of 12 to 15 investments. Individual ticket sizes will range from Rs 5 to 18 crore (approximately $0.5-2 million), with UNLEASH Capital having the flexibility to lead investments or co-invest alongside like-minded investors," said Natsuki Sugai, Founder and Managing Partner at UNLEASH Capital Partners.

He added, "This fund represents a powerful bridge, channelling Japanese capital and expertise into India's most promising fintech and financial service innovators. By empowering these early-stage companies, we believe we can create scalable solutions that lead to profound and lasting financial equity for credible startups that will pave the way for disruption in India."

The VC firm said the fund’s focus areas are chosen to enhance the efficiency and accessibility of the financial ecosystem.