The world's largest metropolis is one of its CVC hotspots, but where do you go to meet the local founders? Or to eat a foot-long eel? Woven Capital's Michiko Kato fills us in.
Tokyo is the most populous city on earth, a megalopolis that stretches to some 40 million people across its larger metropolitan area. The city remains an economic powerhouse, even if its crown has slipped since the glory days of the 1980’s.
Only Beijing is home to more Fortune 500 companies, and as Japanese corporates have often been keener than their international counterparts to back startups, it is one of the world’s key corporate VC centres.
But that is only part of Tokyo’s appeal. Its architecture is renowned throughout the world, its restaurants have more Michelin stars than any other city, and it’s home to both Asia’s oldest underground transit system and the world’s busiest pedestrian crossing.
In the run up to this year’s GCV Asia Congress, set to take place in the city next month, we asked Michiko Kato (below), partner at Japanese carmaker Toyota’s growth-stage venture fund, Woven Capital, to be our guide.
What makes Tokyo’s startup scene stand out?
Tokyo is where ambition gravitates. While regional hubs produce interesting startups, those aiming for global impact almost always end up here — drawn by the sheer scale of opportunity. The city packs in corporates, banks and funds in rare density, fueling collaboration and investment from both VCs and CVCs.
Post-covid, Tokyo has also become a magnet for overseas investors, entrepreneurs and partners, cementing its role as a gateway to global connections. Layer on Japan’s natural strengths in mobility, robotics and deep tech, and you get a uniquely powerful ecosystem where ideas, capital and international networks collide.
Where are the hotspots in the local tech scene?
Shibuya is the beating heart of Tokyo’s startup scene — buzzing with SaaS companies, accelerators and co-working spaces, and infused with youthful, entrepreneurial energy. On the flip side, Toranomon has quickly grown into the power hub for VCs, CVCs and global visitors, boosted by the sleek new Toranomon Hills and Azabudai Hills complexes.
And because it’s Tokyo, the metro makes it effortless to hop between hubs — or lose yourself in the city’s endless side streets of cafés, izakaya (Japanese taverns) and hidden gems.
Where’s the best place for a coffee meeting?
Dangerous question. Tokyo has too many good options, but [local chain] Sarutahiko is a cosy but stylish specialty coffee shop. For example, Sarutahiko Shibuya (below) is a good place to have a casual coffee meeting, from 7:30am to 10pm. There is table seating there as well as a tatami mat area for you to stretch your legs and relax. The cafe offers a special Shibuya Blend which is exclusive to this shop, and other fancy seasonal drinks – I recently had a drink called ‘Passion melon frappe’ which was quite tasty.
Where would you take a founder you wanted to impress to dinner?
When we hosted founders from our US and European portfolio companies at our Innovation Summit, we treated them to yakiniku (Japanese BBQ), sushi and ramen, and they loved it. One founder was completely floored by a foot-long grilled eel from Nodaiwa Azabu Iikura Honten. Sometimes it’s the unexpected that leaves the biggest impression.
What are the best events for meeting local founders and investors?
Tokyo’s calendar is rich with meetups, conferences and networking events. One highlight is GRIC (Growth Industry Conference) in the autumn, which we co-sponsored last year — it had fantastic energy. Beyond Tokyo, I make annual trips to IVS (Innovation Leaders Summit) in Kyoto, which draws a strong crowd of founders and investors.
What’s the one thing every visitor should see while they’re here?
If you only have time for one, go to Asakusa’s Senso-ji Temple (above). It’s a glimpse of Tokyo’s centuries-old history and spirituality.
For a different kind of contrast, visit Meiji Jingu Shrine, tucked away in a tranquil forest just steps from the fashion chaos of Harajuku. I often spend my weekend walking and cycling around Meiji Jingu and Yoyogi Park – it is pretty refreshing!
Who in the VC/CVC/startup scene should people make sure to meet while they’re here?
Definitely the global team at Woven Capital. We’re based in Nihonbashi and always eager to connect with founders, VCs, and partners visiting from overseas. In addition, CIC Tokyo in Toranomon is an innovation centre that welcomes entrepreneurs and investors, hosting events. Japan Venture Capital Association is located in the Azabudai Hills – another great place to meet with other VCs and CVCs.
Lastly, what’s a secret only the locals know about?
Tokyoites may live in one of the busiest cities in the world, but their secret escape is the onsen (hot spring). Even within the city, there are hidden spots where you can soak in mineral-rich baths, relax in open-air rotenburo (open air spring baths), and slow down to a completely different rhythm. It’s where businesspeople, students and even startup founders go to recharge.
For visitors, slipping into an onsen is more than just a spa experience — it’s a window into how Japanese people balance intensity with calm. Once you’ve done it, you’ll understand why locals swear by it.
