Spiral Ventures is an independent venture fund that invests across Japan, Southeast Asia, and India, helping connect Japanese companies with emerging Asian markets while intentionally keeping its funds smaller to focus on returns rather than size. In Japan, it invests where technology meets traditional industries and partners with established companies like Asics Ventures, Seino Holdings, and Mori Trust, while in India it has focused on software that strengthens existing industries, such as backing tools that help teachers grow their tutoring businesses rather than just building apps for students.