Established in Tokyo in 1982, NIF Ventures has invested in over 1,560 private companies and helped more than 460 of them go public. With a current global fund size of approximately $1 billion, the firm manages funds for shareholders and limited partners. NIF Ventures USA, Inc., founded in 1996, is the California-based arm of the company. The firm focuses on investments in the United States and has a preference for startups that are 2-3 years old. It has a track record of investing in enterprise software and software companies, and its notable portfolio startups include Vpacket Communications, Accelight Networks, and Netcontinuum. NIF Ventures typically invests in rounds with 5-6 participants and has been less active in recent years, with an average of less than 2 deals per year.