May 6, 2014

[The Bridge] Japanese cloud-based accounting startup Freee raises $8M

Tokyo-based Freee, the operator of a cloud-based accounting solution of the same name, has raised $8 million from two venture capital firms, including DCM and Infinity Venture Partners. This is according to a Nikkei reported earlier this morning. 
Prior to this funding, the company secured a $500,000 in seed round funding from DCM back in March of last year, and a $2.7 million series A round of funding from DCM and Infinity Venture Partners back in July. The total amount of funding to date has reached $11.2 million since the company’s launch back in July of 2012.  ...
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The Bridge 4/23/2014 [en]

  • SaaS based accounting service does not look very new or trendy, but actually the category is one of the hottest area in financing news. Other companies like Money Forward or A-SaaS have also raised quite a large amount of money.

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