DAIZ Funding, Investors & Competitors

DAIZ has raised $108M across 8 funding rounds, most recently a $48M Series C in October 2023.

See full DAIZ profile

Last DAIZ funding round

$48M

Series C · Oct 2023

Cumulative funding DAIZ raised

$108M

across 8 funding rounds

Key investors in DAIZ

  • Kajitsudo
  • Mitsubishi UFJ Capital
  • Global Brain Corporation
  • MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
  • Kagoshima Bank
  • Marui Group
  • QB Capital
  • JA Mitsui Leasing

DAIZ Overview

About DAIZ

DAIZ is a Tokyo-based food technology company producing plant-based meat alternatives under the Miracle Meat brand. It ferments germinated soybeans via the proprietary Ochiai Germination Method to create products mimicking beef, chicken, and pork in texture and flavor. DAIZ also researches soybean-derived pharmaceuticals and functional ingredients. Founded in 2020, the company sells through supermarkets in Japan and partners with restaurants for menu integration.


Founded

2015

HQ

JapanKumamoto

Website

daiz.inc

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

DAIZ Funding History

DAIZ has raised a total of $108M across 8 funding rounds.

DAIZ's first fundraising round was a $200K pre-seed round in December 2015. The most recent completed round was a $48M Series C in October 2023.

DAIZ funding rounds

DAIZ funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2023Series CKumamoto Dai-Ichi Shinkinbank; Roquette America; JA Mitsui Leasing; ITIC: Industrial Technology Investment Corporation; Mitsubishi UFJ Capital; Miyoshi Oil & Fat; Cool Japan Fund; MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC); Nisshin Seifun Group; Kagoshima Bank$48MDAIZ Inc. is a Japanese food-tech startup that develops and produces MIRACLE MEAT, a plant-based meat chip derived from germinated soybeans using the proprietary 'Ochiai Germination Method.' This technology enables replication of meat-like taste with health benefits including low fat and calorie content alongside high protein. The company targets global protein shortages amid population growth projected to reach 8.5 billion by 2030, particularly in Africa and Asia. Cool Japan Fund invested 2 billion JPY (approximately 14.8 million USD at 1 USD = 135 JPY) in DAIZ on October 28, 2022, to support creation and expansion of Japan's food-tech solutions overseas, in collaboration with Japanese food manufacturers focused on SDGs and environmental preservation. The investment aims to assist DAIZ's overseas business expansion through Cool Japan Fund's network as a governmental fund promoting Japanese products globally. The funding focuses on global supply of plant-based meat alternatives amid rising demand for sustainable proteins.
Feb 2022Series CGlobal Brain Corporation; Nissin Foods; Mitsubishi Chemical Holdings Corporation; Marui Group; Investment Lab; Toyo Seikan; Sumitomo Mitsui Trust Bank; MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)$26M-
Oct 2021Series AGlobal Brain Corporation (lead)$6M-
Mar 2021Series BMitsubishi UFJ Capital (lead); The Norinchukin Bank (lead)$17MDAIZ Inc. is a startup headquartered in Kumamoto City, Kumamoto Prefecture, Japan, that develops and manufactures plant-based meat products. The company's flagship product is "Miracle Meat," which uses sprouted soybeans instead of oil-squeezed soybeans in its formulation. DAIZ was established on December 1, 2015, and has a capital of 1,240.25 million yen as of the announcement date. On August 31, 2021, T. Hasegawa CO., LTD. (a food company) entered into a capital and business alliance agreement with DAIZ, investing 100,009,080 yen to support the development, manufacturing, and sales of plant-based meat products. The Norinchukin Bank and Mitsubishi UFJ Capital, among other investors including Nichirei Foods, Ajinomoto, and Marubeni Corporation, were shareholders in DAIZ at the time of the announcement, reflecting strong backing from major Japanese food and financial institutions in the plant-based protein sector.
May 2020Series AA-Five (lead); Okasan Capital Partners; Mitsubishi UFJ Capital; Nichirei Foods; Kajitsudo$6M-
Dec 2018SeedQB Capital; Kajitsudo; Kagoshima Bank$3MDAIZ is a Kumamoto-based Japanese startup developing plant-based meat substitutes using soybean-based raw material called Miracle Chip. In December 2018, DAIZ raised 100 million yen from Kagoshima Bank. This followed a September 2018 raise of 100 million yen from Nishi-Nippon City Bank and QB Capital. Subsequently, in May 2020, DAIZ secured approximately 650 million yen (about $6 million) in a Series A round from investors including A-FIVE, Mitsubishi UFJ Capital, Okasan Capital Partners, Nichirei Foods, and Kajitsudo, its former parent and current major shareholder. The funds supported expanding production capacity of Miracle Chip to 3,000 tons per year and enhancing R&D for plant meat taste. Total funding reached about $11.2 million at that point. Kagoshima Bank participated in DAIZ's later rounds, including a Series C in October 2023 involving $47.44M with multiple investors. DAIZ has raised $112.53M over 20 rounds from 41 investors.
Oct 2017SeedKajitsudo (lead)$2M-
Dec 2015Pre-seedKajitsudo (lead); Tsuyoshi Ide$200K-

Who has invested in DAIZ?

24 investors have backed DAIZ across its funding rounds, including Kajitsudo, Mitsubishi UFJ Capital, Global Brain Corporation, MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC), Kagoshima Bank and Marui Group.

Lead investors include Global Brain Corporation, Mitsubishi UFJ Capital, The Norinchukin Bank, A-Five and Kajitsudo.


DAIZ Investors

Investors in DAIZ by funding rounds participated
InvestorHQRoundsRoleFirst check
KajitsudoJapanKumamoto4LeadDec 2015
Mitsubishi UFJ CapitalJapanTokyo3LeadMay 2020
Global Brain CorporationJapanTokyo2LeadOct 2021
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)JapanTokyo2ParticipantFeb 2022
Kagoshima BankJapanKagoshima2ParticipantDec 2018
Kumamoto Dai-Ichi ShinkinbankJapanKumamoto1ParticipantOct 2023
A-FiveJapanJapan1LeadMay 2020
Roquette AmericaUnited StatesChicago, IL1ParticipantOct 2023
Nissin FoodsJapanTokyo1ParticipantFeb 2022
Mitsubishi Chemical Holdings CorporationJapanTokyo1ParticipantFeb 2022
Okasan Capital PartnersJapanTokyo1ParticipantMay 2020
QB CapitalJapanFukuoka1ParticipantDec 2018
Marui GroupJapanTokyo1ParticipantFeb 2022

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DAIZ Competitors

DAIZ competitors include listed companies like Hebei Yangyuan Zhihui and Ingredion, and private ones like Impossible Foods, Believer Meats, Eat Just and Oatside.

Public and private companies comparable to DAIZ
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Hebei Yangyuan ZhihuiChinaChinaPublicly listed$796M$254M$8.1B8.4x
Impossible FoodsUnited StatesSan Francisco, CAPrivate$460M-$7B15.2x
IngredionUnited StatesUnited StatesPublicly listed$7.2B$1.2B$6.2B1.0x
Believer MeatsIsraelJerusalemPrivate--$900M-
Eat JustUnited StatesSan Francisco, CAPrivate--$750M-
OatsideSingaporeSingaporePrivate$37M-$705M-

DAIZ Public Comps

DAIZ is still privately-owned, but its public comps include Coca-Cola, Nestlé, PepsiCo, AB InBev, Unilever, Monster Beverage, Mondelez, Nongfu Spring, Hindustan Unilever and Coca-Cola Europacific Partners.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Coca-Cola$48B$18B8.5x8.3x22.8x24.1x
Nestlé$109B$19B2.9x2.8x16.2x14.4x
PepsiCo$94B$16B2.4x2.3x14.5x11.8x
AB InBev$59B$20B3.9x3.6x11.7x10.0x
Unilever$58B$12B2.9x2.8x13.6x12.4x
Monster Beverage$8.3B$2.5B10.1x9.0x33.3x28.9x
Mondelez$39B$4.7B2.6x2.5x21.4x14.9x
Nongfu Spring$7.8B$3.5B6.9x6.3x15.2x14.0x

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Common questions about DAIZ

When was DAIZ founded?DAIZ was founded in 2015.
Where is DAIZ headquartered?DAIZ is headquartered in Kumamoto, Japan.
Is DAIZ publicly listed?No, DAIZ is a private, VC-backed company.
How much funding has DAIZ raised?DAIZ has raised $108M across 8 funding rounds.
What was DAIZ's last funding round?DAIZ's last funding round was a $48M Series C in October 2023.
Who are DAIZ's investors?DAIZ's investors include Kajitsudo, Mitsubishi UFJ Capital, Global Brain Corporation, MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC), Kagoshima Bank, Kumamoto Dai-Ichi Shinkinbank, A-Five, Roquette America, Nissin Foods, Mitsubishi Chemical Holdings Corporation and 14 others.
Which companies are comparable to DAIZ?Companies comparable to DAIZ include Hebei Yangyuan Zhihui, Impossible Foods, Ingredion, Believer Meats, Eat Just and Oatside.

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