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- DAIZ
DAIZ Funding, Investors & Competitors
DAIZ has raised $108M across 8 funding rounds, most recently a $48M Series C in October 2023.
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2023 | Series C | Kumamoto 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 | $48M | DAIZ 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 2022 | Series C | Global 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 2021 | Series A | Global Brain Corporation (lead) | $6M | - |
| Mar 2021 | Series B | Mitsubishi UFJ Capital (lead); The Norinchukin Bank (lead) | $17M | DAIZ 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 2020 | Series A | A-Five (lead); Okasan Capital Partners; Mitsubishi UFJ Capital; Nichirei Foods; Kajitsudo | $6M | - |
| Dec 2018 | Seed | QB Capital; Kajitsudo; Kagoshima Bank | $3M | DAIZ 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 2017 | Seed | Kajitsudo (lead) | $2M | - |
| Dec 2015 | Pre-seed | Kajitsudo (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Dec 2015 | ||
| 3 | Lead | May 2020 | ||
| 2 | Lead | Oct 2021 | ||
| 2 | Participant | Feb 2022 | ||
| 2 | Participant | Dec 2018 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Lead | May 2020 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | Dec 2018 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 24 DAIZ investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialDAIZ Competitors
DAIZ competitors include listed companies like Hebei Yangyuan Zhihui and Ingredion, and private ones like Impossible Foods, Believer Meats, Eat Just and Oatside.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $796M | $254M | $8.1B | 8.4x | ||
| Private | $460M | - | $7B | 15.2x | ||
| Publicly listed | $7.2B | $1.2B | $6.2B | 1.0x | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $750M | - | ||
| Private | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $48B | $18B | 8.5x | 8.3x | 22.8x | 24.1x | |||
| $109B | $19B | 2.9x | 2.8x | 16.2x | 14.4x | |||
| $94B | $16B | 2.4x | 2.3x | 14.5x | 11.8x | |||
| $59B | $20B | 3.9x | 3.6x | 11.7x | 10.0x | |||
| $58B | $12B | 2.9x | 2.8x | 13.6x | 12.4x | |||
| $8.3B | $2.5B | 10.1x | 9.0x | 33.3x | 28.9x | |||
| $39B | $4.7B | 2.6x | 2.5x | 21.4x | 14.9x | |||
| $7.8B | $3.5B | 6.9x | 6.3x | 15.2x | 14.0x | |||
This data is available for Pro users. Sign up to see all DAIZ competitors and their valuation data. Start Free Trial | ||||||||
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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