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Corporate Venture
capital.rakuten.com

Investments

101

Portfolio Exits

22

Funds

2

About Rakuten Capital

Rakuten Capital is the corporate venture arm of Japanese eCommerce company Rakuten. The venture fund focuses on investments across multiple industries and geographies that have "strategic significance" for Rakuten.

Headquarters Location

Rakuten Crimson House, 1-14-1

Tokyo,

Japan

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Research containing Rakuten Capital

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CB Insights Intelligence Analysts have mentioned Rakuten Capital in 2 CB Insights research briefs, most recently on Sep 22, 2020.

Latest Rakuten Capital News

Rewards Payment Startup Twid Raises $12 Mn In Series A

Dec 22, 2022

Twid, a reward point-based payment solutions platform today announced its Series-A funding of $12 Mn led by Rakuten Capital. The round also saw participation from Google, ICMG Partners, JAFCO Asia, January Capital, Reddy Futures Fund with existing investors BEENEXT and Sequoia India's Surge also participating. The newly raised funds will be used for scaling and building Twid merchant and issuer network, expanding product roll-outs, building tech capabilities primarily in Data Science and hiring. Previously, Twid has raised capital from marquee investors such as BEENEXT and Sequoia India’s Surge in 2021. With this funding round, Sunil Gopinath, CEO of Rakuten India will join the Twid board of directors on behalf of Rakuten Capital, Rakuten Group’s corporate venture capital arm. Founded in 2020 by Amit Koshal, Rishi Batra, and Amit Sharma, Twid is a network effect platform that combines multiple loyalty/reward points across issuers such as banks, FinTech firms, and Retail/e-Commerce brands. It allows consumers to pay at offline and online stores with  a ‘one-click-checkout’ experience using their reward points. Amit Koshal, Founder & CEO, Twid said, “Twid is on a mission to revolutionize how rewards are viewed, understood, and used across platforms by creating a completely new network. We are bringing together various industry stakeholders nudging them towards a cashless ecosystem and future. By enabling Reward Points to be Ubiquitous and fungible, we are witnessing very high customer delight. Customers are able to stay updated with their points and are able to save, earn and pay everytime when using “Pay with Rewards''. This reaffirms our approach to delivering long term value to merchants, issuers and customers.” He further added, “We are happy to have mission-aligned investors who are also helping us with global expertise in technology. This investment will accelerate our next phase of growth, further strengthening our innovations, product and offerings.” Sunil Gopinath, CEO of Rakuten India said, “Rakuten Capital sees tremendous potential and future synergies in this investment. Given our global membership products are developed here in Bengaluru by Rakuten India, I'm thrilled to join the Twid board of directors and look forward to working with Amit Koshal, Rishi Batra, Amit Sharma and their very capable team to transform the way reward points are viewed and used in India.”

Rakuten Capital Investments

101 Investments

Rakuten Capital has made 101 investments. Their latest investment was in Digital Entertainment Asset as part of their Seed VC on November 11, 2022.

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Rakuten Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2022

Seed VC

Digital Entertainment Asset

Yes

4

11/4/2022

Series A

Base

$6M

Yes

3

10/6/2022

Series C - II

Ubie

$19M

Yes

3

9/6/2022

Series D

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$99M

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10

8/16/2022

Series B - IV

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$99M

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10

Date

11/18/2022

11/4/2022

10/6/2022

9/6/2022

8/16/2022

Round

Seed VC

Series A

Series C - II

Series D

Series B - IV

Company

Digital Entertainment Asset

Base

Ubie

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Amount

$6M

$19M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

3

3

10

10

Rakuten Capital Portfolio Exits

22 Portfolio Exits

Rakuten Capital has 22 portfolio exits. Their latest portfolio exit was Base Food on November 15, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/15/2022

IPO

$99M

Public

2

9/29/2022

Acq - Fin

$99M

1

3/28/2022

Acquired

$99M

7

2/28/2022

Acquired

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$99M

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10

12/31/2021

Corporate Majority

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$99M

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10

Date

11/15/2022

9/29/2022

3/28/2022

2/28/2022

12/31/2021

Exit

IPO

Acq - Fin

Acquired

Acquired

Corporate Majority

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

2

1

7

10

10

Rakuten Capital Fund History

2 Fund Histories

Rakuten Capital has 2 funds, including Rakuten Global Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/12/2016

Rakuten Global Investment Fund

Early-Stage Venture Capital

Open

$200M

4

1/27/2016

Rakuten Ventures Japan Fund

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$99M

10

Closing Date

4/12/2016

1/27/2016

Fund

Rakuten Global Investment Fund

Rakuten Ventures Japan Fund

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$200M

$99M

Sources

4

10

Rakuten Capital Team

2 Team Members

Rakuten Capital has 2 team members, including current Executive Vice President, Toru Shimada.

Name

Work History

Title

Status

Toru Shimada

Executive Vice President

Current

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Name

Toru Shimada

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Work History

Title

Executive Vice President

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Status

Current

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