JAFCO Asia
集富亚洲
JAFCO Asia (集富亚洲) is the Asia arm of JAFCO, which 暗涌Waves described as "Japan's largest private equity group" ; elsewhere's own SHEIN retrospective called it one of Asia's older, established VC names — and noted that, along with Greenwoods, it was not exactly a "mainstream" pick when it backed SHEIN early . In elsewhere's corpus it shows up mostly as a deal participant: an early investor in SHEIN, which went through six rounds from 2013 to 2020 alongside IDG Capital, Sequoia China, Tiger Global and Shunwei , a backer of LLM startup Sapient Intelligence's tens-of-millions Seed+ round in late 2024 , and more recently a participant in Zhangyu Power's $50 million round and a follow-on investor in AI4S materials company Kaiwuji's angel+ round in March 2026, led by Monolith . That pattern — consumer breakout a decade ago, AI and hard-tech rounds in 2024-2026 — is about all the corpus supports; it doesn't carry a fuller profile of the fund itself.
AI-generated — may contain errors, please verify.
Coverage
SHEIN's Fundraising History
Tales from China's Investment Past: ______.
"Zhangyu Power" Closes $50 Million New Funding Round, Linear Capital Continues to Double Down | Linear Portfolio
Accelerate the development of world foundation models and a "hand-brain integration" platform.
"You've got a shovel that can dig up gold — you're definitely not lending it out first" | A Conversation with Kaiwuji's Lu Ziheng: Using AI to Invent New Materials
As long as you're still stirring things up, there's still hope.
"You wouldn't lend out a shovel that can dig up gold" | A Conversation with Lu Ziheng of Kaiwu Ji: Using AI to Invent New Materials
BlueRun Ventures Angel Portfolio Company Kaimat Completes Hundreds of Millions of RMB in Angel+ Round, Building AI4S-Driven Materials Intelligence Infrastructure | BlueRun Family
Achieving efficient materials translation from "discovery" to "mass production"
The Clear Path, Hidden Path, and Rocky Path of AI Fundraising
Where does the money come from?
Exclusive | $200M+ Valuation in Three Months! Gen Z-Founded LLM Startup Raises Another Tens of Millions in USD Funding
"Waves" has learned that Sapient Intelligence has raised another tens of millions of dollars in a Seed+ round, less than three months after its previous eight-figure dollar funding. This round's investors include JAFCO, Japan's largest private equity investment group, along with other well-known international investment institutions. Minerva Capital continues to serve as the long-term exclusive financial advisor.
SheIn Says No IPO Plans for Now as New $100 Billion Valuation Remains Unconfirmed
SheIn responds exclusively to *Dark Tides Waves*.
