# Rakuten Capital: portfolio, investments and team

> Rakuten Capital is a corporate vc based in Japan. 46 investments on record, latest Sept 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/rakuten-capital (Millionrounds; every figure on the page links to its filing or article)

Japan · [Investor](https://millionrounds.com/investors)

# Rakuten Capital

Last cheque observed Sep 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet Corporate VC

Seed Series A Series B Commerce Communications Marketing

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 46 on record

Since the last cheque **2594** days **00** hrs **00** min **00** sec

Median round **$32M** Rounds led **3 of 46** Sole investor **6 rounds** Exits **1 from the portfolio** Mostly in **United States, 34%**

Pitch Rakuten Capital

## Rakuten Capital highlights

- 01 46 rounds on record
- 02 Mostly Series A and Series C: 61% of its rounds
- 03 Sole investor in 6 rounds, median $10M
- 04 1 exits from the portfolio

## What they do

> Rakuten Capital is the corporate venture capital arm of Rakuten Group From their own website

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Commerce Communications Marketing
- **Based in:** Setagaya, Japan
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **46 appearances**

- **2019** 9 rounds
- **Sept** **[Everledger](https://millionrounds.com/company/everledger)** Series A · GB · VentureBeat **$20M** With 5 others
- **Aug** **[QFPay](https://millionrounds.com/company/qfpay)** HK · e27 **$20M** With 4 others
- **Aug** **[Fever](https://millionrounds.com/company/fever)** ES · TechCrunch **$35M** *Led*
- **Jul** **[OneSignal](https://millionrounds.com/company/onesignal)** Series B · US · Newswire **$25M** With 1 other
- **May** **[Base Food](https://millionrounds.com/company/base-food)** Series A · JP · Thebridge **$3.7M** With 2 others
- **May** **[Algorithmia](https://millionrounds.com/company/algorithmia)** Series B · US · FinSMEs **$25M** With 5 others
- **May** **[Altiostar](https://millionrounds.com/company/altiostar)** Series C · US · FinSMEs **$114M** With 2 others
- **Apr** **[ShopBack](https://millionrounds.com/company/shopback)** SG · TechCrunch **$45M** *Led*
- **Feb** **[ViSenze](https://millionrounds.com/company/visenze)** Series C · SG · FinSMEs **$20M** With 9 others
- **2018** 8 rounds
- **Dec** **[Rakuten Aspyrian](https://millionrounds.com/company/rakuten-aspyrian)** Series C · US · FinSMEs **$284M** With 1 other
- **Oct** **[Careem](https://millionrounds.com/company/careem)** Series F · AE · Reuters **$200M** With 4 others
- **Aug** **[Black Fish](https://millionrounds.com/company/black-fish)** Series A · CN · China Money Network **$50M** With 6 others
- **Jul** **[Glovo](https://millionrounds.com/company/glovo)** Series C · ES · TechCrunch **$134M** With 4 others
- **May** **[Carousell](https://millionrounds.com/company/carousell)** Series C · SG · FinSMEs **$85M** With 4 others
- **May** **[Simplesurance](https://millionrounds.com/company/simplesurance)** Series C · DE · FinSMEs **$24M** With 1 other
- **Feb** **[Genesis Healthcare](https://millionrounds.com/company/genesis-healthcare)** JP · FinSMEs **$15M** With 1 other
- **Jan** **[Cabify](https://millionrounds.com/company/cabify)** Series E · ES · TechCrunch **$160M** With 5 others
- **2017** 10 rounds
- **Oct** **[Glovo](https://millionrounds.com/company/glovo)** Series B · ES · TechCrunch **$35M** *Led*
- **Oct** **[PremFina](https://millionrounds.com/company/premfina)** Debt · GB · FinSMEs **$36M** With 4 others
- **Jun** **[Algorithmia](https://millionrounds.com/company/algorithmia)** Series A · US · TechCrunch **$11M** With 3 others
- **May** **[Epic!](https://millionrounds.com/company/epic)** Series C · US · FinSMEs **$8.0M** With 5 others
- **May** **[Kreditech](https://millionrounds.com/company/kreditech)** DE · FinSMEs **$120M** With 7 others
- **Apr** **[Lyft](https://millionrounds.com/company/lyft)** US · FinSMEs **$600M** With 4 others
- **Mar** **[Simplesurance](https://millionrounds.com/company/simplesurance)** DE · FinSMEs **$32M** With 3 others
- **Mar** **[Currencycloud](https://millionrounds.com/company/currencycloud)** Series D · GB · FinSMEs **$25M** With 3 others
- **Feb** **[AirMap](https://millionrounds.com/company/airmap)** Series B · US · FinSMEs **$26M** With 6 others
- **Jan** **[CafeX](https://millionrounds.com/company/cafex)** Series C · US · FinSMEs **$18M** Sole investor
- **2016** 6 rounds
- **Dec** **[Careem](https://millionrounds.com/company/careem)** AE · TechCrunch **$350M** With 1 other
- **Dec** **[Kreditech](https://millionrounds.com/company/kreditech)** DE · FinSMEs **$10M** Sole investor
- **Sept** **[ViSenze](https://millionrounds.com/company/visenze)** Series B · SG · FinSMEs **$11M** Sole investor
- **Aug** **[Dexter](https://millionrounds.com/company/dexter)** US · VentureBeat **$2.3M** With 2 others
- **Aug** **[Blackstorm Labs](https://millionrounds.com/company/blackstorm-labs)** **$34M** With 7 others
- **Jan** **[BlueVine](https://millionrounds.com/company/bluevine)** **$40M** With 10 others
- **2015** 6 rounds
- **Nov** **[Lingvist](https://millionrounds.com/company/lingvist)** Series A · EE **$8.0M** With 4 others
- **Sept** **[AdsNative](https://millionrounds.com/company/adsnative)** Series A · US **$8.5M** With 2 others
- **Apr** **[One Signal](https://millionrounds.com/company/onesignal)** Seed · US **$2.0M** With 3 others
- **Apr** **[Fanli](https://millionrounds.com/company/fanli)** Series C · CN **Undisclosed** Sole investor
- **Apr** **[C Channel](https://millionrounds.com/company/c-channel)** Seed · JP **$4.0M** With 7 others
- **Mar** **[Lyft](https://millionrounds.com/company/lyft)** Series E · US **$530M** With 5 others
- **2014** 7 rounds
- **Nov** **[Carousell](https://millionrounds.com/company/carousell)** Series A · SG **$6.0M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**25** of 48 we have independently watched raise

[Invested in AWL,](https://millionrounds.com/company/awl)[Invested in Airalo,](https://millionrounds.com/company/airalo)[Invested in Cariuma,](https://millionrounds.com/company/cariuma)[Invested in Currencycloud,](https://millionrounds.com/company/currencycloud)[Invested in Glovo,](https://millionrounds.com/company/glovo)[Invested in InsightX,](https://millionrounds.com/company/insightx)[Invested in Leal,](https://millionrounds.com/company/leal)[Invested in OKAN,](https://millionrounds.com/company/okan)[Invested in Petokoto,Tokyo](https://millionrounds.com/company/petokoto)[Invested in PremFina,](https://millionrounds.com/company/premfina)[Invested in Proof](https://millionrounds.com/company/proof)[Invested in RedDoorz,](https://millionrounds.com/company/reddoorz)[Invested in Secai](https://millionrounds.com/company/secai-marche)[Invested in Simplesurance,](https://millionrounds.com/company/simplesurance)[Invested in Taster,](https://millionrounds.com/company/taster)[Invested in TeraWatt,](https://millionrounds.com/company/terawatt-technology)[Invested in Toranotec,](https://millionrounds.com/company/toranotec)[Invested in Twid,](https://millionrounds.com/company/twid)[Invested in Ubie,](https://millionrounds.com/company/ubie)[Invested in Verishop,](https://millionrounds.com/company/verishop)[Invested in dacadoo,](https://millionrounds.com/company/dacadoo)[Invested in enstem,](https://millionrounds.com/company/enstem)[Invested in hacomono,](https://millionrounds.com/company/hacomono)[Invested mov, Tokyo](https://millionrounds.com/company/mov)[Upstart](https://millionrounds.com/company/upstart) Invested Shopback, Singapore Invested in Aimed, Invested in Baaz, Invested in Bejewel, Invested in DAITO, Invested in DEA, Invested in Elumild, Invested in Folio, Invested in Honest Invested in JEPLAN, Invested in KINS, Invested in Manpuku Invested in POCKETALK, Invested in Redcliff, Invested in SYLA Invested in Science Invested in TapFun, Invested in Toon Invested in Uncover Invested in Veramore, Invested in dataX, Robin TENTIAL, portfolio company,

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Careem](https://millionrounds.com/company/careem)** Bought by Uber **$3.1B** Mar 2019

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$32M** the round, not its cheque Alone, median **$10M**

Led 3 of 46 rounds **7%**

- **Sole investor:** 6 rounds
- **Last cheque:** Sept 2019
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A said *10*
- Series C *9*
- Series B said *6*
- Seed said *4*
- Series E *2*
- Growth said *-*

Cheques by year Led Joined

2014 2019

Often in the room with

- [Madrona Venture Group](https://millionrounds.com/fund/madrona) 3
- [Golden Gate Ventures](https://millionrounds.com/fund/golden-gate-ventures) 2
- [Highland Capital Partners](https://millionrounds.com/fund/highland-capital-partners) 2
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 2
- [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) 2
- [Osage University Partners](https://millionrounds.com/fund/osage-university-partners) 2

**Pitching Rakuten Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Rakuten Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Madrona Venture Group** VC firm **3** rounds together](https://millionrounds.com/fund/madrona)[**Golden Gate Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/golden-gate-ventures)[**Highland Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/highland-capital-partners)[**Lightspeed Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Menlo Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/menlo-ventures)[**Osage University Partners** VC firm **2** rounds together](https://millionrounds.com/fund/osage-university-partners)[**Qualcomm** Corporate VC **2** rounds together](https://millionrounds.com/fund/qualcomm)[**Seaya Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/seaya-ventures)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)[**UOB Venture** VC firm **2** rounds together](https://millionrounds.com/fund/uob-venture)

## Recently backed

The latest companies Rakuten Capital put money into.

[**Everledger** $20M · Sept 2019](https://millionrounds.com/company/everledger)[**OneSignal** $25M · Jul 2019](https://millionrounds.com/company/onesignal)[**Algorithmia** $25M · May 2019](https://millionrounds.com/company/algorithmia)[**ShopBack** $45M · Apr 2019](https://millionrounds.com/company/shopback)[**ViSenze** $20M · Feb 2019](https://millionrounds.com/company/visenze)[**Glovo** $134M · Jul 2018](https://millionrounds.com/company/glovo)

## Quick answers about Rakuten Capital

### What does Rakuten Capital invest in?

Rakuten Capital invests most often at Series A and Series C (61% of the rounds on record), in sectors such as Commerce, Communications and Marketing.

### How active is Rakuten Capital?

46 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Sept 2019.

### What has Rakuten Capital invested in recently?

Its most recent investments on record: Everledger (Series A, Sept 2019), QFPay (Undisclosed round, Aug 2019) and Fever (Undisclosed round, Aug 2019).

### How big are Rakuten Capital's cheques?

The median round it joins is $32M.

### Does Rakuten Capital lead rounds?

Sometimes: it led 3 of its 46 investments on record (7%).

### Where does Rakuten Capital invest?

Most of the companies it backs are in the United States (34%), Singapore (13%) and Spain (11%).

### Is Rakuten Capital investing now?

No investments in the last 12 months; the latest was in Sept 2019.

### Who does Rakuten Capital invest alongside?

Most often Madrona Venture Group (3 rounds together), Golden Gate Ventures (2 rounds together) and Highland Capital Partners (2 rounds together).

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