The amount of the round was undisclosed.
Rakuten Ventures is the latest prominent investor to back MakeLeaps, following 500 Startups and Naval Ravikant (Founder, AngelList), who invested in the previous seed round.
Rakuten Ventures Japan Fund, a JPY10 billion (US$9,586,810,000) fund, was launched early this year to target the next generation of early-stage innovators in Japan. MakeLeaps and Rakuten Ventures Japan Fund are completely aligned on the goal of improving efficiency of the business operations in Japan with advanced cloud technology.
MakeLeaps will expand from a fully featured business invoicing system to a comprehensive fintech business platform, targeting various vertical markets. Further, MakeLeaps will continue seeking partnerships with system integrators and business platforms to enable additional growth.
“Today, we couldnʼt be happier to announce Rakuten Ventures as our lead investor for our Series A. Moving forwards, the business partnership between MakeLeaps and Rakuten will provide significant benefits for all existing and future MakeLeaps customers,” said Jay Winder, MakeLeaps CEO, in a press statement.
Founded in 2009, the cloud business management platform for Japan enables businesses to create, manage and send quotes, delivery slips, order sheets, invoices, and receipts.