LayerX Secures Historic $100M Funding in Japan’s AI Sector
LayerX, a Japanese AI SaaS startup, has successfully secured a whopping $100 million in a Series B funding round. The round was led by Technology Cross Ventures (TCV), marking the U.S. venture capital firm’s inaugural investment in a Japanese startup. This round propels LayerX’s total funding to an impressive $192.2 million, making it one of the largest Series B rounds ever raised by a seven-year-old Japanese company.
The company’s flagship platform, Bakuraku, is designed to automate back-office workflows. This includes tasks such as expense management, invoice processing, and corporate card operations. Bakuraku is currently serving over 15,000 companies. LayerX, a Tokyo-based startup founded in 2018 by serial entrepreneur Yoshinori Fukushima, has seen explosive growth. The company expanded its customer base from 10,000 in February 2024 to 15,000 by April 2025.
This funding round comes at a time when Japanese companies are under increasing pressure to digitize operations. This is due to factors such as aging demographics, labor shortages, and new e-invoicing mandates. LayerX has set its sights on achieving $680 million in annual recurring revenue by 2030. This ambitious goal positions the company to become Japan’s fastest-growing SaaS company in history.
Source: TechCrunch