# Rakuten Capital

> Rakuten Capital is a VC fund in Setagaya backing E-Commerce and FinTech. See 66 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Setagaya, Japan
- Total investments: 66
- Last investment: Jul 2026
- Lead investor: 38%
- Fund size: $300M
- Last fund: Aug 2013
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/rakuten-capital
- Website: https://capital.rakuten.com/

Rakuten Capital is a corporate venture capital group that provides funding, sector experience and operational support to its portfolio companies across the world. Rakuten Capital is part of the Rakuten Group, one of the world’s leading internet service companies. Rakuten has built and invested in innovative internet businesses in e-commerce,financial services, digital content and advertising since 1997. Rakuten has ranked in the top 30 of Forbes Magazine‘s annual “World’s Most Innovative Companies” list, and operates in Asia, Europe and the Americas. The company is headquartered in Tokyo and is publicly traded on the Tokyo Stock Exchange.

## Contacts

5 contacts available for Rakuten Capital. Shizune tracks 6 team members at Rakuten Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/rakuten-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $4.1M–$50M |
| Series B | $3.7M–$45M |
| Series C | $17M–$170M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 9 | 14% |
| FinTech | 8 | 12% |
| Software | 7 | 11% |
| Artificial Intelligence | 7 | 11% |
| SaaS | 6 | 9% |

109 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 17 | 26% |
| Series B | 16 | 24% |
| Series C | 14 | 21% |
| Seed | 6 | 9% |
| Series D | 5 | 8% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 11 | 17% |
| Japan | 10 | 15% |
| Singapore | 7 | 11% |
| South Korea | 3 | 5% |
| United Kingdom | 3 | 5% |

12 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Adit Swarup | Partner | 2 | https://shizune.co/investors/profile/adit-swarup |
| Oskar Mielczarek de la Miel | Managing Partner | 24 | https://shizune.co/investors/profile/oskar-mielczarek-de-la-miel |
| Hiroshi Takasawa | Managing Executive Officer | 3 | https://shizune.co/investors/profile/hiroshi-takasawa |
| Kazuyoshi Abumi | Executive Officer | 1 | https://shizune.co/investors/profile/kazuyoshi-abumi-9fb4 |
| Michael Piechalak | Partner | 0 | https://shizune.co/investors/profile/michael-piechalak-28ea |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Veramore | Veramore is an online store that sells a wide range of beauty and cosmetic products. |  | Seed | Jul 09, 2026 |  |
| MOV | MOV is a technology platform. They offer SaaS for stores that can collectively manage word-of-mouth sites and visualize and analyze customer feedback. It distributes inbound market data, news, and know-how to domestic companies. Their services include inbound support and consulting. | $9.6M | Series B | May 21, 2024 |  |
| MOV | MOV is a technology platform. They offer SaaS for stores that can collectively manage word-of-mouth sites and visualize and analyze customer feedback. It distributes inbound market data, news, and know-how to domestic companies. Their services include inbound support and consulting. | $9.6M | Series B | May 21, 2024 |  |
| MOV | MOV is a technology platform. They offer SaaS for stores that can collectively manage word-of-mouth sites and visualize and analyze customer feedback. It distributes inbound market data, news, and know-how to domestic companies. Their services include inbound support and consulting. | $9.6M | Series B | May 21, 2024 |  |
| Leal | Leal is the leading SaaS platform for AI-driven customer engagement in Latin America, empowering retailers to acquire, retain, and maximize customer lifetime value through advanced automation and personalization.At its core, Leal offers a powerful AI Decisioning engine for loyalty, offers, and campaign management, ensuring that brands deliverhyper-personalized experiences at scale. The platform includes: • Customer Data Platform (CDP): A centralized hub that aggregates and analyzes customer behavior to power data-driven marketing strategies. • Campaign Management Suite: AI-driven orchestration of email, SMS, and WhatsApp campaigns, enabling retailers to automate engagement across channels. • Customer Experience Module: Tools for measuring and improving customer sentiment through NPS, satisfaction surveys, and crowdsourced mystery shopping. • Loyalty & Rewards Engine: A flexible framework supporting points, cashback, rebates, and gamification, designed to drive repeat purchases and brand advocacy. • API-First Infrastructure: Seamless integration into existing tech stacks, with 350+ integrations across major POS, ERP, eCommerce, and payment processors.Leal is trusted by global brands like Subway, Chevron, and Miniso, managing millions of transactions across LATAM. Backed by investors like Rakuten and top Silicon Valley firms, Leal is helping retailers turn data into revenue. | $5M | Series B | Jan 30, 2024 |  |
| Leal | Leal is the leading SaaS platform for AI-driven customer engagement in Latin America, empowering retailers to acquire, retain, and maximize customer lifetime value through advanced automation and personalization.At its core, Leal offers a powerful AI Decisioning engine for loyalty, offers, and campaign management, ensuring that brands deliverhyper-personalized experiences at scale. The platform includes: • Customer Data Platform (CDP): A centralized hub that aggregates and analyzes customer behavior to power data-driven marketing strategies. • Campaign Management Suite: AI-driven orchestration of email, SMS, and WhatsApp campaigns, enabling retailers to automate engagement across channels. • Customer Experience Module: Tools for measuring and improving customer sentiment through NPS, satisfaction surveys, and crowdsourced mystery shopping. • Loyalty & Rewards Engine: A flexible framework supporting points, cashback, rebates, and gamification, designed to drive repeat purchases and brand advocacy. • API-First Infrastructure: Seamless integration into existing tech stacks, with 350+ integrations across major POS, ERP, eCommerce, and payment processors.Leal is trusted by global brands like Subway, Chevron, and Miniso, managing millions of transactions across LATAM. Backed by investors like Rakuten and top Silicon Valley firms, Leal is helping retailers turn data into revenue. |  | Series A | Jan 30, 2024 |  |
| Petokoto | Petokoto is a pet wellness company that creates and sells fresh food, runs pet media, and keeps pets happy. It is suitable to become an information source that combines accuracy, completeness, and updateability by utilizing the collective knowledge of experts both inside and outside the company and demonstrating their respective expertise. Thecompany aims to develop a world where pets can be loved as family members. | $2.9M | Series B | Dec 13, 2023 |  |
| Baaz Bikes | ElecTorq Technologies operates as a shared mobility solutions startup. ElecTorq Technologies manufactures Baaz I, a solo self-ride electric scooter, which is expected to find a clientele in the country's shared mobility players such as Rapido, Yulu, Bounce, Zapp and Vogo. | $8M | Series A | Nov 21, 2023 |  |
| Airalo | Airalo is the world’s first eSIM store for travellers to access over 190+ eSIMs at the most affordable, local rates from around the world, all via eSIM compatible smartphone, tablet or PC. Airalo offers you both connectivity and freedom - you’ll never have to carry multiple SIM cards or change your number again, no matter where you are in theworld. | $60M | Series B | Jul 31, 2023 |  |
| TeraWatt Technology | Electrifying all for the sustainable future |  | Series C | Jun 05, 2023 |  |

10 of 66 investments shown.

## Co-investors
- [SMBC Venture Capital](https://shizune.co/investors/profile/smbc-venture-capital) — VC Fund, 9 deals together
- [Coral Capital](https://shizune.co/investors/profile/coral-capital) — VC Fund, 7 deals together
- [i-nest capital](https://shizune.co/investors/profile/i-nest-capital) — VC Fund, 6 deals together
- [NTT DOCOMO Ventures](https://shizune.co/investors/profile/ntt-docomo-ventures) — VC Fund, 6 deals together
- [Global Brain Corporation](https://shizune.co/investors/profile/global-brain-corporation) — VC Fund, 5 deals together
- [Chiba Dojo](https://shizune.co/investors/profile/chiba-dojo) — VC Fund, 3 deals together

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## FAQ

### What does Rakuten Capital invest in?

Rakuten Capital invests primarily in E-Commerce, FinTech and Software startups, most often at Series A and Series B stage. Most of the 66 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Rakuten Capital's check size?

Rakuten Capital typically joins rounds of $4.1M–$50M at Series A, $3.7M–$45M at Series B and $17M–$170M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Rakuten Capital participates in.

### How do I contact Rakuten Capital?

Public channels for Rakuten Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Rakuten Capital?

The team at Rakuten Capital includes Adit Swarup (Partner), Oskar Mielczarek de la Miel (Managing Partner) and Hiroshi Takasawa (Managing Executive Officer), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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