
List of next unicorn startup companies in Japan 3

In the last 2 posts (List of next unicorn startup companies in Japan 1&2), I introduced 83 startup companies designated as next unicorn startups having large potentials to grow.
The rest of the (next unicorn) startups are 25 companies in biotech, materials, energy, healthcare
Biotechnology/ Materials/ Energy
Company
Headquarters/ Business/ Capital/ The number of employees
Anaer pharma Science
Tokyo/R&D of new medicine / ¥100M/ 18
INCUBATION ALLIANCE INC
Kobe/ Carbon fiber/ ¥300M/ 23
Exergy Power Systems
Tokyo/ Development of storage battery/ ¥100M/ 20
enechange
Tokyo/ Website of electricity comparison/ ¥1.3B/ 47
ELIIY Power
Tokyo/ Development of lithium-ion battery/ ¥31.5B/ 334
Curadim Pharma
Tokyo/R&D of new medicine / ¥1.3B/ 4
Green Earth Institute
Tokyo/ Green chemicals / ¥200M/ 17
Quantum Biosystems
Tokyo/ DNA sequencing / ¥1.6B/ 22
NExT-e Solutions
Tokyo/ New battery system/ ¥1.6B/ 16
BONAC CORPORATION
Fukuoka/ Development of nucleic acid medicine/ ¥1.4B/ 29
Microwave Chemical
Osaka/ Efficient production of chemical compounds/¥3.6B/ 41
Looop
Tokyo/ Solar power system/ ¥700M/ 220
CONNEXX SYSTEMS
Kyoto/ Energy storage technology/ ¥100M/ 34
iPS Potal
Kyoto/ R&D of new medicine with iPS/ ¥1.6B/ 24
TBM
Tokyo/ LIMEX products (paper alternatives)/ ¥5.1B/ 80
Healthcare/ Others
Company
Headquarters/ Business/ Capital/ The number of employees
amidus
Tokyo/Support for development of new businesses/ ¥10M/ 20
Integrity Healthcare
Tokyo/ Support for doctors’ medical examinations/ ¥500M/ 34
CAPABLE
Kyoto/ Development of precision metal mold/ ¥100M/ 25
Minrevi
Tokyo/ Funeral service/ ¥1B/ 60
Medical Note
Tokyo/ Support for medical institutes’ management
MEDCARE
Tokyo/ Telediagnosis service/ ¥300M/ 18
MEDLEY
Tokyo/ Medical Healthcare/ ?/ 188
Life is Tech!
Tokyo/ IT education for teenagers/ ¥500M/ 600
Renoveru
Tokyo/ Remodeling/ ¥500M/ 198
FiNC
Tokyo/ Support for diet/ ¥2.2B/ 230
22 have already surpassed ¥10B
Among the 108 startups, there’re 22 companies whose market capitalization has already surpassed ¥10B. Here’s the top 10.
(Company/ Estimated company’s value)
- Preferred Networks/ ¥232.6B (Unicorn)
- Mercari/ ¥147.9B (Unicorn)
sansan / ¥50.5BEliily Power/ ¥40.4B- Freee/ ¥39.4B
- BIZRESCH/ ¥333.8B
- TBM/ ¥29.2B
- FiNC/ ¥22.5B
RakSul / ¥21.9B- BONAC/ ¥21.7B
It can be clearly seen that the list of top startups was dominated by companies working on AI or IT businesses.

Preferred Networks was funded by TOYOTA in 2017 (¥10.5B)
Japan Venture Research, a Tokyo-based research agency, investigated 1,000 unlisted Japanese startup companies about their funding. According to their investigation, in 2016, the total funding of the 1,000 startups reached ¥210B, a 20% increase compared with the year earlier and the highest in history.
It’s still just 2~3% of the amount of investment in startup companies in the U.S.
So, the startup environment has begun to change in Japan.