Japan’s €20B bet on European climate and deep tech: ‘This isn’t capital tourism’

Tomosaku Sohara, co-founder and managing partner at NordicNinja
9 nov. 2025
20:35
Japanese venture capital is quietly reshaping Europe’s climate and deep tech scene – with over $20 billion invested since 2019.

We spoke to Tomosaku Sohara, co-founder and managing partner at NordicNinja, which just released a new report on Japan-backed dealflow in Europe.

Here’s a look at:
– The most promising impact startups with Japanese backing
– The biggest exits to date
– And what Japan’s investors really want from European founders

Japanese investors are fast becoming one of Europe’s most strategic sources of impact capital.

Since 2019, Japan-linked funds have participated in more than €30 billion worth of deals involving European startups and scaleups, according to a new report from NordicNinja and Dealroom. Deep tech and climate tech firms took the lion’s share of that funding – €11.3 billion and €8.6 billion, respect...

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