AFCO Ventures is an independent venture capital firm investing in emerging technology companies with true breakout potential. We look for exceptional companies with differentiated technology and compelling business models. Given our close relationship among all the leading venture capital firms in Silicon Valley, it is an investment requirement at our firm to co-invest in every deal with top-tier venture investors to help validate the opportunity and bring to our portfolio of companies the collective expertise needed to help assure a successful outcome.
Strategic Added Value: All of the members of our team have significant venture capital and operating experience. We truly understand the challenges of entrepreneurial teams and have a lot of experience helping businesses scale to their potential. We know how best to be very actively engaged when needed and we also know when it is best to simply provide encouragement from the sidelines. In addition, for those companies where it applies, we have the additional highly differentiated added value component of a proven business development team based in Tokyo, whose sole purpose is to aggressively pursue substantial revenue opportunities for our portfolio companies in a very time-efficient manner. This team of professionals has an extensive network of strategic relationships that very effectively leverage the JAFCO franchise value in Japan and other parts of Asia. As many of our portfolio companies will gladly testify, at JAFCO Ventures, our definition of value-add is quite tangible and readily measurable.
Investment Process: Since we are organized to work collectively as a team on each deal, we pride ourselves on our responsiveness to entrepreneurs and commit to making investment decisions in a very timely manner. JAFCO Ventures is the lead investor in almost all of our financings since we have the expertise to determine valuation, set sensible terms and align the interests of all the investors and management in our deal structures. Our typical initial investment size is $4 million to $8 million depending on the level of maturity of the company and the size of its financing requirements.
We intentionally keep our fund sizes modest to ensure that we act in an optimal manner for the benefit of all of our constituents—the entrepreneurs we back, the partners with whom we co-invest and the limited partners we serve.



Joe Horowitz
Managing General Partner

Tsunesaburo "Sunny" Sugaya
General Partner
Head of Business Development

Tom Mawhinney
General Partner

Nick Sturiale
General Partner

Jeb Miller
General Partner

Debby Meredith
Venture Partner

Ben Shih
Principal


Takenori "Taki" Sanami
Vice President of Finance