UntroD Capital is a Japanese deep tech venture manager that operates the Real Tech Fund family. It says it coined the term 'real tech' before 'deep tech' was in use, and defines it as innovative technology that addresses societal and environmental challenges. It states that it invests in R&D-oriented startups at seed and early stage, and describes its purpose as directing capital into areas society needs but that investors have overlooked, then demonstrating economic viability so that capital keeps flowing. The firm organises its vehicles as the Real Tech Fund Japan (seed and early stage deep tech across Japan), the Real Tech Fund Global (Southeast Asian environmental and social challenges), the Crossover Impact Fund (late stage, IPO-focused impact companies) and the UntroD Real Tech Debt Fund (debt financing for middle stage deep tech companies). It operates from Tokyo, Singapore and Malaysia.
300億円以上 (over JPY 30bn managed across multiple funds, stated in the firm's own 3 June 2024 rebranding release and repeated in its 26 July 2024 Global Fund II release) AUM68/100 Power Score™2014 FoundedTokyo, Japan
QD Laser (IPO on the Tokyo Stock Exchange Mothers market), named in the firm's own bio for Executive Director Sou Yanbe as one of his major portfolio companies. The listing year is not stated on that page and has not been added here.
The company is established in December 2014 as Real Tech Holdings Co., Ltd., per the 設立 line of its own corporate profile block.
2015
Akihiko Nagata founds the Real Tech Fund to direct deep tech investment at societal and environmental challenges; Yukihiro Maru co-founds it the same year.
2020
Sou Yanbe leads the creation of the Glocal Deeptech Fund, which invests in local Japanese real tech startups alongside regional financial institutions and operating companies; the firm also states it established the first deep-tech-specialised impact investment fund in 2020.
2024
Akihiko Nagata returns as President and CEO effective 1 April 2024, and the head office relocates to Sumitomo Realty & Development Toranomon Tower 17F, Minato-ku, Tokyo.
2024
Real Tech Holdings Co., Ltd. changes its company name to UntroD Capital Japan Co., Ltd. effective 3 June 2024, and moves its website to untrod.inc.
2024
UntroD announces the first closing of Global Fund II on 26 July 2024, its second global deep tech fund, with investors from Japan and Southeast Asia.
2026
UntroD Capital Asia announces the final close of Real Tech Global Fund 2 on 14 August 2026, with limited partners including SMBC Nikko Securities, The 77 Bank, Iwatani Corporation, MOL PLUS, Wismettac Ventures and Leave a Nest.