LayerX Funding History & Investors
LayerX has raised $206M across 3 funding rounds, most recently a $101M Series B in September 2025.
Last LayerX funding round
$101M
Series B · Sep 2025
Cumulative funding LayerX raised
$206M
across 3 funding rounds
Key investors in LayerX
Jafco Group
ANRI
Keyrock Capital Management
Mitsubishi UFJ Capital
TCV
Mitsui & Co
GMO VenturePartners
Dawn Capital
About LayerX
LayerX is a Tokyo-based blockchain platform digitizing business processes for enterprises. The service issues stablecoins on Hyperledger Fabric for payments and supply chain tracking. Clients include Mitsubishi UFJ Trust and Nomura Research Institute. Founded in 2021, LayerX operates under Japan's FSA regulations with JPY-pegged assets. Its consortium with 40+ firms processes billions in tokenized transactions annually.
Founded
2018
HQ
TokyoWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
LayerX Funding History
LayerX has raised a total of $206M across 3 funding rounds.
LayerX's first fundraising round was a $28M undisclosed-stage round in May 2020. The most recent completed round was a $101M Series B in September 2025.
LayerX funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2025 | Series B | TCV (lead); MUFG Innovation Partners; Jafco Group; Coreline Ventures; Japan Post Investment; Keyrock Capital Management; MUFG Bank | $101M | LayerX is a Tokyo-based AI SaaS startup founded in 2018 by Yoshinori Fukushima, specializing in automating enterprise back-office workflows like finance, tax, procurement, and HR through its Bakuraku Suite platform. The company targets Japan's paper-heavy corporate environment, where digital transformations often fail, serving over 15,000 customers including Imperial Hotel, Sekisui Chemical, Ippudo, and IRIS Ohyama as of April 2025, up from 10,000 in February 2024. Headcount grew from 220 in October 2023 to 430 by July 2025. On September 1, 2025, LayerX raised $100 million in a Series B round led by TCV—its first Japanese investment—with participation from MUFG Bank, MUFG Innovation Partners, JAFCO Group, Keyrock Capital, Coreline Ventures, and Japan Post Investment, bringing total funding to $192.2 million. The valuation was not disclosed, but sources note it ranks among the largest for a seven-year-old Japanese startup at this stage, following a Series A in November 2023. Funds will scale operations, product development, market expansion, and AI capabilities. LayerX reported being on track to hit $68 million in revenue (¥10 billion) faster than any Japanese SaaS company, achieving the T2D3 growth benchmark in under five years from launch, beating the prior eight-year record. It aims for $680 million ARR by 2030, with half from AI agent business, amid a market growing at 16.97% CAGR through 2033. Competitors include Money Forward Cloud Keihi, freee domestically, and SAP Concur, Rippling globally; partnerships with MUFG Bank and Google Chrome Enterprise bolster its position. |
| Feb 2023 | Series A | ANRI; DIMENSION; Mitsubishi Estate; JIC Venture Growth Investments; Jafco Group; First Light Capital; Mitsubishi UFJ Capital; Keyrock Capital Management; GMO VenturePartners; All Star SAAS Fund; Dawn Capital; Mitsui & Co | $77M | - |
| May 2020 | Undisclosed stage | ANRI; Jafco Group; YJ Capital | $28M | LayerX is a Tokyo-based AI SaaS startup founded in 2018 that provides back-office automation solutions for enterprises. The company's flagship product, Bakuraku, automates corporate expense management, invoice processing, and corporate card operations. In May 2020, LayerX raised $27.8 million in seed funding led by JAFCO, with participation from ANRI and YJ Capital. The company has since grown significantly, serving more than 15,000 companies with its Bakuraku Suite and launching additional products including AI Workforce, a generative AI solution for enterprise data workflows, and Alterna, a retail digital securities platform developed with Mitsui & Co. LayerX went on to secure a Series A round in November 2023 and a $100 million Series B round in September 2025 led by TCV, bringing total funding to $192.2 million. |
Who has invested in LayerX?
18 investors have backed LayerX across its funding rounds, including Jafco Group, ANRI, Keyrock Capital Management, Mitsubishi UFJ Capital, TCV and Mitsui & Co.
Lead investors include TCV.
LayerX Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Japan | 3 | Participant | May 2020 | |
| Tokyo | 2 | Participant | May 2020 | |
 Hong Kong | 2 | Participant | Feb 2023 | |
| Tokyo | 1 | Participant | Feb 2023 | |
| Tokyo | 1 | Participant | Sep 2025 | |
| Japan | 1 | Participant | Feb 2023 | |
| Tokyo | 1 | Participant | Feb 2023 | |
 Seoul | 1 | Participant | Sep 2025 | |
 San Francisco, CA | 1 | Lead | Sep 2025 | |
| Tokyo | 1 | Participant | Feb 2023 | |
| Tokyo | 1 | Participant | Sep 2025 | |
| Tokyo | 1 | Participant | Feb 2023 | |
| Tokyo | 1 | Participant | Feb 2023 | |
This data is available for Pro users. Sign up to see all 18 LayerX investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCommon questions about LayerX
| When was LayerX founded? | LayerX was founded in 2018. |
| Where is LayerX headquartered? | LayerX is headquartered in Tokyo, Japan. |
| Is LayerX publicly listed? | No, LayerX is a private, VC-backed company. |
| How much funding has LayerX raised? | LayerX has raised $206M across 3 funding rounds. |
| What was LayerX's last funding round? | LayerX's last funding round was a $101M Series B in September 2025, led by TCV. |
| Who are LayerX's investors? | LayerX's investors include Jafco Group, ANRI, Keyrock Capital Management, DIMENSION, MUFG Innovation Partners, Mitsubishi Estate, JIC Venture Growth Investments, Coreline Ventures, TCV, First Light Capital and 8 others. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.