VC firm
Rice
Also known as Rice Capital Fund GP I, LLC, Rice Capital Fund GP II, LLC, Rice Capital Fund I, Rice Capital Fund I, LP, Rice Capital Fund II, Rice Capital Opportunity Fund I, LP
- Investor type
- VC
- Investing status
- Activeas of 2026-09-28
- Headquarters
- Covina, CA, United States
- Funds
- 2
- Legal name
- Rice Capital Fund GP I, LLC
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Record updated 30 September 2026
About
RICE CAPITAL is a founder-led venture capital firm backing outlier founders across the US and Japan. It is led by Founding Partner Taro Fukuyama, founder of Fond (Y Combinator W12, acquired 2023) and the first Japanese founder accepted to Y Combinator. The firm states it is backing 200+ founders in the US and Japan, and operates through two Japan-registered special-business GP entities, Rice Capital Fund GP I and GP II.
Investment approach
- Investing status notes
- Disclosure page describes two currently operating GP entities/funds (Rice Capital Fund GP I and GP II) registered under Japan's qualified institutional investor special business exemption, and the site is actively marketed as backing founders with no statement of winding down.
Funds
- Rice Capital Opportunity Fund I, LP
- Vintage 2026Main fund
- Rice Capital Fund I, LP
- Vintage 2024Main fund
SEC registration
- SEC CIK
- 2027553, 2107785
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