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Startup Capital Ventures x SBI Fund is an early-stage venture capital fund founded in 2005, based in Silicon Valley, California. The fund specializes in investing in B2B software and technology startups, particularly those that demonstrate capital efficiency and growth potential. The partnership with SBI Group, a prominent Japanese financial conglomerate, enhances the fund's capabilities and reach within the technology sector.
Currently, the fund manages assets across two funds, with a portfolio comprising over 40 companies. The firm operates from its primary office in Menlo Park, California, and has a secondary location in Honolulu, Hawaii. Notable milestones include successful exits from companies like Ring, PlayFab, and TuneIn, showcasing the fund's ability to identify and nurture high-potential startups.
Startup Capital Ventures x SBI Fund primarily invests in early-stage companies, focusing on Seed to Series A stages. The fund emphasizes capital-efficient B2B technology startups across various sectors, including FinTech, Cybersecurity, SaaS, AI, and IoT. The typical investment size ranges from $750,000 to $1,000,000, targeting startups that exhibit traction or signs of product-market fit.
The fund's investment strategy is centered on partnering with innovative founders who are building solutions in Financial Services Technology, DeepTech, and Enterprise software. The firm seeks to provide not only financial backing but also strategic guidance to help portfolio companies navigate challenges and achieve sustainable growth. Co-investment with other leading funds is a common practice, enhancing the fund's ability to support its portfolio companies effectively.
Startup Capital Ventures x SBI Fund has a diverse portfolio of over 40 companies, with notable investments including:
These companies reflect the fund's commitment to investing in sectors that are poised for growth and innovation.
Thomas Toy: Managing Director with extensive experience in venture capital and technology investments. He has served on the boards of several portfolio companies, providing strategic guidance and support.
Donavan Kealoha: Managing Director known for his expertise in B2B technology investments. He has a strong track record of identifying high-potential startups and guiding them through early-stage growth.
Seokjun Ko: Managing Director with a background in technology and finance. He focuses on capital-efficient investments and has been instrumental in the fund's strategic direction.
Olin Lagon: Venture Partner who brings a wealth of experience in scaling technology startups. He provides mentorship and operational support to portfolio companies.
To pitch to Startup Capital Ventures x SBI, founders should email their pitch decks to startups@scv-sbi.com. The pitch deck should include a clear overview of the business model, market analysis, financial projections, and details on the team. Response times may vary, but founders can expect feedback within a few weeks.
Warm introductions are preferred, but not mandatory. The fund encourages startups to present their unique value propositions and demonstrate how they align with the fund's focus areas.
In November 2025, Startup Capital Ventures x SBI Fund participated as a co-investor in SELF's $9 million seed round. SELF is a company focused on zero-knowledge identity and proof-of-humanity infrastructure, highlighting the fund's active role in supporting innovative technology startups.
The fund continues to maintain a strong presence in the venture capital space, with a portfolio that includes notable companies such as Ring and PlayFab, which have achieved significant exits.
What are the investment criteria for Startup Capital Ventures x SBI?
The fund primarily invests in early-stage B2B technology startups at Seed and Series A stages. They focus on capital-efficient companies that demonstrate traction or signs of product-market fit, particularly in sectors like FinTech, Cybersecurity, SaaS, AI, and IoT.
How can startups apply or pitch to the fund?
Interested startups can pitch by emailing their proposals to startups@scv-sbi.com. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes Startup Capital Ventures x SBI different from other funds?
The fund emphasizes capital efficiency and provides strategic guidance alongside financial support. Their partnership with SBI Group enhances their resources and network, allowing for better support of portfolio companies.
What is the typical check size for investments?
Startup Capital Ventures x SBI typically invests between $750,000 and $1,000,000 in each startup, with reserves held for follow-on investments.
What geographic areas does the fund focus on?
The fund primarily invests in startups located in North America, leveraging the region's robust technology ecosystem.
What kind of post-investment involvement can startups expect?
Startup Capital Ventures x SBI provides strategic guidance, access to their network for partnerships, and support in achieving product-market fit. The team’s extensive experience in technology allows them to offer valuable insights to portfolio companies.
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