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MZ Web3 Fund

Tokyo, Japan

Overview

Venture capital firm supporting innovative Web3 projects in Japan.

Deals ยท 12mo

1

Links

WebsiteX (Twitter)

Stage focus

Seed
Series B

Geographic focus

Japan
Singapore
Switzerland
United Kingdom
...

Sector focus

Web3

Investment portfolio

11rounds
NAMEDATESIZE
Smooth
Dec 2025Led
$184 MSeries B
GITAI
Nov 2024Led
$16 MSeries B
Onedot Japan
May 2024Participated
$13 MSeries B
Utaite
Apr 2024Participated
$7 MSeries A
Blue Laser Fusion
Mar 2024Participated
$38 MSeed
KEKKAI
Jan 2024Participated
$2 MSeed
Lolli
Dec 2023Participated
$8 MSeries B
Term Structure Labs
Nov 2023Participated
$4 MSeed
D3
Sep 2023Participated
$5 MSeed
ZTX
Aug 2023Participated
$13 MSeed
Intmax
Apr 2023Participated
$5 MSeed
Smooth
Dec 2025Led
$184 MSeries B
GITAI
Nov 2024Led
$16 MSeries B
Onedot Japan
May 2024Participated
$13 MSeries B
Utaite
Apr 2024Participated
$7 MSeries A
Blue Laser Fusion
Mar 2024Participated
$38 MSeed
KEKKAI
Jan 2024Participated
$2 MSeed
Lolli
Dec 2023Participated
$8 MSeries B
Term Structure Labs
Nov 2023Participated
$4 MSeed
D3
Sep 2023Participated
$5 MSeed
ZTX
Aug 2023Participated
$13 MSeed
Intmax
Apr 2023Participated
$5 MSeed
11
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Insights

Time horizon

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Deal Distribution

MZ Web3 Fund: 11 funding rounds are recorded in the selected participation categories.All available history.
MZ Web3 Fund: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed06
Series A01
Series B22

Monthly Deal Activity

MZ Web3 Fund: 11 deals are recorded across 43 months.All available history.
MZ Web3 Fund: 11 deals are recorded across 43 months. All available history
MonthDeals
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '231
Oct '230
Nov '231
Dec '231
Jan '241
Feb '240
Mar '241
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

MZ Web3 Fund: Crypto & Blockchain is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

MZ Web3 Fund: Crypto & Blockchain is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Crypto & Blockchain6
Networks, Cloud & Communication3
Enterprise Software3
Space & Frontier Tech2
Fintech2
Media & Entertainment2
Real Estate & Construction1
Education & Workforce1
Hardware & Robotics1
Government & Defense1
Manufacturing1
E-Commerce & Retail1
Cybersecurity & Privacy1

Deal Size Distribution

MZ Web3 Fund: 11 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

MZ Web3 Fund: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M4
$10M-$25M3
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

MZ Web3 Fund: United States has the largest recorded deal count among the displayed regions (4 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

MZ Web3 Fund: United States has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
United States4
Japan4
Europe2
Singapore1
MZ Web3 Fund: 20 co-investors are shown, with HashKey Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

MZ Web3 Fund: 20 co-investors are shown, with HashKey Capital sharing 2 recorded deals. All available history
Co-investorShared deals
HashKey Capital2
Jafco Ventures2
TycoonCapital2
XTech Ventures2
2 Punks Capital1
Alchemy Ventures1
B Dash Ventures1
Bain Capital Ventures1
Big Candle Capital1
BITKRAFT Ventures1
Bitscale Capital1
Bixin Ventures1
BreakOrbit Ventures1
C2 Ventures1
Collab+Currency1
Cryptomeria Capital1
Cumberland1
CyberAgent Capital1
Decima Fund1
DIMENSION1

Investment Strategy

MZ Web3 Fund: Led accounts for 18% and participating for 82% of round participation.All available history.
MZ Web3 Fund: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led218%
Participating982%
MZ Web3 Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
MZ Web3 Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2100%
Co-led00%

Team

Yusaku Maezawa

Art collector entrepreneur chez CEO ZOZO