Fund profile / Japan

D Capital II Series Funds

Geography: Japan
Stage: Series A
Fund size: $445M
Focus: SaaS
Signals: Published

N°01 / About

About D Capital II Series Funds

D Capital II Series Funds is a venture capital firm based in Japan, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionJapan

Funding StageSeries A

Industry Focus

SaaS

Investor Signals Profile

active

Sweet Spot

Japan mid-market companies ripe for DX-driven PE transformation

DX × PE

Japan PE

digital transformation

buyout

operational value-add

Bullish Signals

Japan's first DX×PE hybrid fundexternal

Tokyo HQ, 33 employees confirmedlinkedin

Top-tier investment + DX professionalsexternal

Field CTO on team — rare PE assetlinkedin

Minami-Aoyama office — premium Tokyo addresslinkedin

292 LinkedIn followers, actively recruitinglinkedin

Official website dcapital.jp liveexternal

AI/DX management reform expert on rosterlinkedin

Partnership structure confirms PE-focused modellinkedin

Contrarian Signals

Listed 2–10 employees vs 33 actual headcountlinkedin

Minimal public track record visibleexternal

Founder Do's

Have clear DX transformation angle

Target Japanese mid-market companies

Show operational improvement potential

Bring PE-compatible business model

Engage with field CTO / DX operators

Founder Don'ts

No DX relevance in business

Early-stage VC deals — PE focus only

Non-Japan market focus

24 signals on D Capital II Series Funds

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Facts

Fund Overview

Fund Size$445M

Saves0

Website

People

Key People

Naoto Umezu, Koji Adachi, Tomohide Handa

Shunsuke AiharaRepresentative Partner

Masaya KubotaGeneral Partner

Akira ShibataField CTO

Masahiro AoyagiHR Director

Keita YanagidaAI/DX Management Transformation Expert

N°04 / See also

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