# DAIZ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/daiz

- Industry: Food
- Headquarters: Kumamoto-shi, Japan
- Website: www.daiz.inc
- Total disclosed funding: $48M
- Latest round: Series C (Oct 12, 2023)
- Investors on record: 17

## About

Founded in 2015 and based in Kumamoto, Japan, DAIZ Inc., formerly known as DAIZ Energy, develops and distributes plant-based meat called Miracle Meat. In October 2023, DAIZ Inc. raised JPY 3.4 billion of venture debt from Bank of Fukuoka, Japan Finance Corporation, Kitakyushu Bank, MUFG Bank, Shoko Chukin Bank, Kumamoto Dai-Ichi Shinkinbank, and Sumitomo Mitsui Banking Corporation.

The company engages in the research and development of plant-based food products using sprouted soybeans as well as the research and development of functional food for athletes. DAIZ has developed the plant-based meat, Miracle Meat as an alternative protein to replace beef, pork, and chicken. As of 2020, DAIZ’s Miracle Meat has been adopted at major hamburger chains, supermarkets, food manufacturers, and restaurants in Japan. 

DAIZ's plant-based meat uses intact soybeans as the raw material. Using its unique germination technology, the company has developed “Miracle Meat” as an alternative protein to replace beef, pork, and chicken. 

The company plans to use the October 2023 funding to accelerate the development of its manufacturing plant for the expansion of its production capacity and acceleration of its overseas export strategy.

## Funding rounds

- Series C, Oct 12, 2023, $25M — Norinchukin Bank, Mitsui Sumitomo Insurance Venture Capital, Industrial Technology Investment Corporation, Mitsubishi UFJ Capital, JA Mitsui Leasing, Cool Japan Fund, Roquette Ventures, Nisshin Seifun Group Inc, Kagoshima Bank, Miyoshi Oil & Fat Co., Ltd.
- Series A, Oct 13, 2021, $0.9M — Global Brain
- Series B, Apr 19, 2021, $17M — Mitsui Sumitomo Insurance Venture Capital, Industrial Technology Investment Corporation, Mitsubishi UFJ Capital, Global Brain, Shinkin Capital, QB Capital, kemuri ventures
- Series A, May 18, 2020, $5.6M — Mitsubishi UFJ Capital, Agriculture, Forestry and Fisheries Fund Corporation for Innovation, Value-chain and Expansion Japan, SBI Okasan Alternative Investment, Kajitsudo Co., Ltd.

## Investors

- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A, Series B, Series C
- Agriculture, Forestry and Fisheries Fund Corporation for Innovation, Value-chain and Expansion Japan (https://capitalatlas.ai/funds/agriculture-forestry-and-fisheries-fund-corporation-for-inno) — Series A
- SBI Okasan Alternative Investment (https://capitalatlas.ai/funds/sbi-okasan-alternative-investment) — Series A
- Kajitsudo Co., Ltd. — Series A
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series B, Series C
- Industrial Technology Investment Corporation (https://capitalatlas.ai/funds/industrial-technology-investment-corporation) — Series B, Series C
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B, Series A
- Shinkin Capital (https://capitalatlas.ai/funds/shinkin-capital) — Series B
- QB Capital (https://capitalatlas.ai/funds/qb-capital) — Series B
- kemuri ventures (https://capitalatlas.ai/funds/kemuri-ventures) — Series B
- Norinchukin Bank — Series C
- JA Mitsui Leasing — Series C
- Cool Japan Fund — Series C
- Roquette Ventures (https://capitalatlas.ai/funds/roquette-ventures) — Series C
- Nisshin Seifun Group Inc — Series C
- Kagoshima Bank — Series C
- Miyoshi Oil & Fat Co., Ltd. — Series C