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Rakuten Capital

Asia, Tokyo, Japan, Setagaya

Description

Rakuten Capital is the corporate venture capital arm of Rakuten Group, a global leader in internet services headquartered in Japan. Established to strategically invest in innovative companies worldwide, Rakuten Capital leverages the vast ecosystem and operational expertise of its parent company to support portfolio companies. Their investment mandate is deeply aligned with Rakuten's core businesses, spanning e-commerce, fintech, digital content, ad-tech, AI, and logistics, seeking to foster synergies and drive growth across the Rakuten network.

The firm primarily targets growth-stage companies, typically participating in Series A through Series D funding rounds, though they are flexible and can engage in earlier or later stages for highly strategic opportunities. Rakuten Capital is known for its global reach, with a significant presence in key innovation hubs across North America, Europe, and Asia. Beyond capital, they offer portfolio companies access to Rakuten's extensive user base, technological infrastructure, and strategic partnerships, aiming to accelerate their market expansion and product development.

Rakuten Capital's typical first check size ranges from $5 million to $50 million, reflecting their focus on substantial growth investments. As of early 2024, their portfolio includes over 140 investments, demonstrating a broad and active investment strategy. Notable past investments include stakes in companies like Lyft, Pinterest, and Carousell, showcasing their interest in disruptive technologies and platforms that align with the future of digital commerce and consumer services. Their strategic approach emphasizes long-term partnerships, aiming to integrate portfolio companies into Rakuten's ecosystem for mutual benefit.

Investor Profile

Rakuten Capital has backed more than 35 startups, with 1 new investments in the last 12 months alone. The firm has led 15 rounds, about 43% of its total and boasts 8 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Spain, Japan.
  • Strong thematic focus on E-Commerce, Analytics, Internet.
  • Led 1 rounds in the past year.
  • Typical check size: $5M – $50M.

Stage Focus

  • Series B (29%)
  • Series A (26%)
  • Series C (23%)
  • Series D (9%)
  • Series Unknown (6%)
  • Seed (6%)
  • Series E (3%)

Country Focus

  • United States (37%)
  • Spain (14%)
  • Japan (11%)
  • United Kingdom (9%)
  • Singapore (9%)
  • Colombia (6%)
  • Indonesia (3%)
  • Malaysia (3%)
  • Germany (3%)
  • India (3%)

Industry Focus

  • E-commerce
  • Analytics
  • Internet
  • Logistics
  • Fintech
  • Artificial Intelligence (Ai)
  • Software
  • Mobile
  • Transportation
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Rakuten Capital frequently co-invest with?

Bossa Invest
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 2
Endeavor Catalyst
North America, New York, United States, New York
Co-Investments: 2
Surge
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
MV
North America, California, United States, Palo Alto
Co-Investments: 3
Peak XV Partners
Asia, Karnataka, India, Bengaluru
Co-Investments: 2
Gradient Ventures
North America, California, United States, San Francisco
Co-Investments: 2
WI Harper Group
North America, California, United States, San Francisco
Co-Investments: 2
Madrona
North America, Washington, United States, Seattle
Co-Investments: 3
Translink Capital
North America, California, United States, Palo Alto
Co-Investments: 2
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 2

Which angels does Rakuten Capital often collaborate with?

Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 1
BW
North America, California, United States, Los Angeles
Shared Deals: 1
Devin Guan
North America, California, United States
Shared Deals: 1
ZC
North America, California, United States, San Francisco
Shared Deals: 1
JC
North America, New York, United States, New York
Shared Deals: 1
CL
North America, Tennessee, United States, Nashville
Shared Deals: 1
PL
North America, Florida, United States, Miami
Shared Deals: 1
JD
North America, California, United States, San Francisco
Shared Deals: 1
GE
North America, California, United States, Los Angeles
Shared Deals: 1
AH
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Rakuten Capital?

Tapfun

Tokyo, Tokyo, Japan

TapFun is a cloud gaming platform that solves problems encountered by smartphone and PC games.

Cloud Data ServicesGamingPC Games
Series AJan 31, 2025
Leal

Bogotá, Distrito Especial, Colombia

Leal is a digital platform for retailers in Latin America to focus on engaging with their customers.

AnalyticsCRME-CommerceInformation TechnologyPoint of SaleRetail
Series BJan 30, 2024
Amount Raised: $5,000,000
Petokoto

Kaminoseki, Yamaguchi, Japan

Petokoto is a pet wellness company that creates and sells fresh food, runs pet media, and keeps pets happy.

Pet
Series BDec 13, 2023
Amount Raised: $2,941,310
Airalo

Delaware, Ohio, United States

Airalo is an eSIM store that gives travelers access to eSIMs globally at affordable rates.

Mobile AppsTelecommunicationsTravel
Series BJul 31, 2023
Amount Raised: $60,000,000
TeraWatt Technology

San Francisco, California, United States

TeraWatt Technology is a producer of lithium-ion batteries.

BatteryElectronicsEnergy StorageRenewable Energy
Series CJun 5, 2023
Proof of Impact

San Francisco, California, United States

Proof of Impact is a data intelligence company that offers access to digital tools that collect and analyze ESG and Impact Data.

AnalyticsBig DataBusiness IntelligenceData IntegrationData VisualizationInformation TechnologySaaS
SeedAug 2, 2022
Amount Raised: $6,000,000
twid

Bangalore, Karnataka, India

Twid (That’s What I Do) is India’s first rewards-based payment network.

Financial ServicesFinTech
Series AAug 2, 2022
Amount Raised: $12,022,175
Leal

Bogotá, Distrito Especial, Colombia

Leal is a digital platform for retailers in Latin America to focus on engaging with their customers.

AnalyticsCRME-CommerceInformation TechnologyPoint of SaleRetail
Series AMar 31, 2022
Amount Raised: $10,000,000
Rakuten Medical

San Diego, California, United States

Rakuten Medical is a biotechnology company that develops precision, cell-targeting investigational therapies.

BiotechnologyHealth CareMedicalService IndustryTherapeutics
Series DJul 28, 2021
Amount Raised: $166,000,000
Robin.io

San Jose, California, United States

Robin.io runs stateful applications on Kubernetes, even complex Big Data, Databases, AI/ML, and Custom Apps.

Data CenterEnterprise ApplicationsEnterprise SoftwareInformation TechnologyInfrastructureSoftware
Series CJun 16, 2021
Amount Raised: $38,000,000