JPX Ventures

JPX Ventures is an in-house organization within the Frontier Strategy Department of JPX Market Innovation & Research, driving collaboration with startups—including minority equity investment—as a new growth driver for JPX Group. Rather than pursuing purely financial returns, our foremost objective is to maximize the strategic returns (business co-creation) that enhance the appeal of JPX’s markets.
We aim to generate innovation that aligns with our vision of reshaping the future of financial markets and that accelerates its realization.

Priority Investment Themes

We give priority to co-creation with startups that possess know-how and technologies that are difficult for JPX Group to obtain on its own, primarily in highly novel domains within growth and future markets.

Non-financial data
We seek startups offering solutions such as structuring and disclosure support for ESG information and non-financial data for issuers, AI-powered support for the preparation of disclosure materials, and analytical support related to climate change (e.g., GHG). We are also considering building a service platform that provides and analyzes structured non-financial data for investors.
Support for listed companies & market infrastructure
We seek startups that support operational efficiency improvements for listed companies (e.g., corporate governance reforms and the enhancement of IR communications) and those engaged in the verification and implementation of financial and securities back-office operations.
For individual investors
We seek startups that provide educational content related to financial literacy and develop information and tools that facilitate market participation by individual investors. We support approaches that help expand Japan’s base of individual investors and invigorate the market.
Promotion of the venture ecosystem
We support the entire ecosystem that underpins the creation and growth of startups and their connection to the capital markets, aiming to broaden the base of Japan’s venture ecosystem and strengthen JPX Group’s long-term growth foundation.

(Note)

･The themes above are merely examples. We are not limited to them and will broadly explore any possibilities that may contribute to the development of the financial and capital markets.

Startups We Are Looking For


Synergy with JPX's businesses	Possesses technologies and services that can integrate with JPX Group’s existing businesses and medium-term management plan initiatives Business value is enhanced by leveraging JPX’s data and network
Advanced technology & proprietary domain knowledge	Possesses specialized technologies and know-how not found within JPX, such as generative AI, data structuring, and ESG analysis Deep industry-specific knowledge; ideally possesses proprietary data
Series A stage or later	PoCs and pilot trials have been completed, with signs of product-market fit A degree of business validation has been achieved, such as existing customers and a track record of sales
Commitment to & structure for co-creation	Top management can be proactively involved in business co-creation with JPX without aiming solely at financing Able to assign a dedicated contact person for the collaboration
Value delivery to market participants	A service that can deliver clear value to capital-market stakeholders such as listed companies, institutional investors, individual investors, and securities firms

Value We Can Provide


Network	Connections with listed companies, securities firms, institutional investors, and VCs, etc.
Data & infrastructure	Collaboration toward leveraging the data held by JPX
Regulatory & policy expertise	Deep expertise in financial regulations and market systems, and relationships with relevant authorities
Strategic communication	Press releases, and joint communications, etc.
Post-investment support	Progress management of the co-creation plan (PoC), regular coordination with business divisions, and advice on management challenges

Portfolio

Smartround, Inc.

Members


Managing Partner	Partner (Co-creation)	Partner (Investment)
Terada, Hiroshi	Saito, Jungo	Kageyama, Hideaki
Began his career at a consulting firm after graduating from university. Following an assignment at an overseas office, he joined the Innovation Network Corporation of Japan (now Japan Investment Corporation) in 2015, where he was engaged in investments in startups primarily in the domains of AI, robotics, and space. He subsequently served as a director and CFO of a startup before assuming his current position in February 2026.	Since joining the former Tokyo Stock Exchange Group (now the Tokyo Stock Exchange), he has been involved in examination and inspection of trading participants, operation of markets for professional investors, promotion of ETFs and other listings, and corporate planning. Since 2022, he has been responsible for data-service planning and alliance strategy at the Frontier Strategy Department of JPX Market Innovation & Research.	Began his career at SBI Investment, where he handled a broad range of investments from the seed to later stages, primarily in the IT sector. After working at a public-private fund, he joined Mizuho Bank, where he was responsible for startup support and LP investments in VC-focused funds. He assumed his current position in March 2026.

Contact (for investment inquiries, media inquiries, etc.)

* For investment inquiries, please attach your pitch deck.　
E-mail:jpx-ventures@jpx.co.jp