MIRAISE Hosts Demo Day Fall 2024 Featuring Four Seed-Stage Startups

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TLDR

  • Tokyo seed VC MIRAISE held its second invite-only Demo Day on November 27, 2024, showcasing four portfolio startups to investors at Plug and Play Shibuya.

Key Takeaways

  • Four MIRAISE-backed companies pitched: xDeli (AI sales automation), CuboRex (crawler robots for factories), SmartBooks (AI audiobook generation), and xMap (generative AI geospatial analytics).
  • The event is invite-only and focused on creating co-investment and partnership opportunities between MIRAISE portfolio founders and LPs or co-investors.
  • The first Demo Day ran May 28, 2024; the Fall edition added AI-focused and internationally based founders to the lineup.
  • Investor feedback highlighted MIRAISE portfolio companies as notably tech-strong compared to other VCs, with individual products described as distinctive and stimulating.
  • One founder noted being early in fundraising and found the concentrated investor access highly efficient; another cited a prior MIRAISE event as the catalyst for a major enterprise partnership.

Why It Matters

  • MIRAISE is an engineer-led seed VC founded in 2018 with 60 portfolio companies as of July 2024, explicitly targeting the funding gap at the seed stage for technical founders.
  • The Demo Day format compounds MIRAISE’s LP relationships by giving investors direct deal access, making it a fundraising accelerant for early-stage founders who lack warm networks.
  • xMap’s generative AI geospatial platform and CuboRex’s autonomous factory robots signal MIRAISE is backing hardware and infrastructure bets alongside software-only AI plays.

Miraise LLC, via PR TIMES · 2024-12-09 · Read on PR TIMES

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