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Yanmar Ventures

Yanmar Group's CVC for early-stage deep tech in food production, climate, labor saving and user experience

🇯🇵 Osaka, Osaka Prefecture · Founded 2021

Seed to Series B·Co-invests

VC / FundFood & agri techClimate techClean energyLabor-saving techDeep tech
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Yanmar Ventures is the corporate venture capital arm of the Yanmar Group, the Japanese maker of diesel engines and agricultural and heavy machinery. It was set up in Osaka in April 2021 and is led by co-founder and CEO Nobuyuki Oda. It invests mainly in early-stage deep tech startups in Japan and overseas, and makes its own investment decisions as general partner of its funds. A Business Creation team links portfolio companies to Yanmar Group resources. It opened an office in the Netherlands in 2024.

What they invest in

We mainly invest in early-stage startups, to support their growth and to co-create with us. We focus on four areas: sustainable food production, global warming measures, labor saving and improving user experience.

Stage
Seed to Series B
Role in a round
Co-invests
Fund
Fund II · ¥5B ($32.5M) · set up Feb 2024
Sectors
  • Food & agri tech
  • Climate tech
  • Clean energy
  • Labor-saving tech
  • Deep tech
Regions
  • Japan
  • Global

How to pitch

Intro via Openfor

Openfor introduces founders whose company fits the criteria above.

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  • Co-investment

Co-invests alongside other funds. Offers portfolio companies co-creation with Yanmar Group businesses through its Business Creation team.

Portfolio

At least 15 investments since 2021, mostly early stage, with rounds from seed to Series B. Sectors include agri-food tech, clean energy, edge AI chips, quantum computing, robotics and industrial IoT. Most named companies are in Japan; Amogy is in the United States.

Some of the companies they have backed

QQubitcoreIon-trap quantum computing company working with OISTQuantum computing · Seed · 2026
EEdgeCortixEnergy-efficient AI processors for edge computing🇯🇵 Semiconductors · Series B · 2025
ZZordiExitedRobotics for farm work; acquired by Industrial Next in 2026Agricultural robotics · 2025
MMEEQExitedNo-code IoT platform and SIM services, founded by Sony Group; IPO in 2025🇯🇵 IoT connectivity · 2024
AAmogyAmmonia-to-power systems for shipping and heavy transport🇺🇸 Clean energy · 2023

The portfolio at a glance · 15 companies · 2021–2026 · 2 exits

Sectors

  • Agricultural robotics7%
  • Agtech7%
  • Biotechnology7%
  • Cellular agriculture7%
  • Other60%

Stage when they invested

  • Seed20%
  • Series A7%
  • Series B7%

Where the companies are

  • 🇯🇵 Japan60%
  • 🇺🇸 United States7%

15 companies named on the fund's site, CB Insights, Caplight and Crunchbase, as of Oct 2026. The fund's own portfolio page lists only six.

Every company, with the details, is on their own site.Full portfolio on www.yanmar.com ↗

Co-investors and partners

Funds that invested in the same rounds.

Co-investors in recent rounds

8
DNX Ventures
SBI Investment
Mitsubishi UFJ Capital
SMBC Venture Capital
Nissay Capital
NTT Finance
Pacific Bays Capital
Abies Ventures

Track record

¥5BFund II size
¥3BFund I size
7Startups backed by Fund I

With Openfor

1 session

Partners and team