LayerX Raises $103M to Transform Japan's Financial Operations

Key Points!

• LayerX raised 15 billion yen ($103 million) in Series B funding led by TCV

• Marks TCV's first investment in a Japanese startup

• Funding will focus on engineer recruitment and competitive compensation packages

• AI SaaS platform "Bakuraku" serves 15,000 companies across Japan

• Company operates in AI SaaS, fintech, and AI/LLM business segments

Japanese AI startup LayerX has raised 15 billion yen ($103 million) in a Series B funding round led by TCV, marking the Silicon Valley growth equity firm's first investment in a Japanese startup. The funding positions LayerX to expand its AI-powered back-office automation services across Japan's corporate landscape.

TCV, known for backing global technology leaders including Netflix, Spotify, and ByteDance, joined existing investors including Mitsubishi UFJ Bank, Mitsubishi UFJ Innovation Partners, Coreline Ventures, JAFCO Group, Keyrock Capital Management, and JP Investment in the funding round.

LayerX, founded in 2018 with the mission to "digitize all economic activities," operates three main business segments. Its flagship AI SaaS platform "Bakuraku" automates corporate back-office functions including expense management, invoice processing, and approval workflows through AI agent technology. The service has been adopted by 15,000 companies ranging from startups to large enterprises.

The Tokyo-based company also operates a fintech division through joint venture Mitsui & Co. Digital Asset Management, which offers digital securities investment services, and an AI/LLM business providing generative AI platforms to major corporations including Mitsui & Co. and Mitsubishi UFJ Bank.

CEO Yoshinori Fukushima announced the funding will primarily support aggressive engineer recruitment and the establishment of globally competitive compensation packages powered by AI-driven productivity gains. The company aims to create a sustainable work environment under its updated corporate principle "Bet AI," adopted in April 2025.

"LayerX is transforming how enterprises manage financial operations in Japan," said Michael Kalfayan, TCV General Partner. "Their AI-native platform delivers remarkable transparency, speed, and compliance for finance teams while drastically reducing manual overhead."

The investment comes as Japanese corporations increasingly seek digital transformation solutions to address labor shortages and improve operational efficiency. LayerX's AI-first approach to enterprise software positions it to capitalize on the growing demand for automated back-office solutions in Japan's traditionally paper-heavy business culture.

With this funding, LayerX joins a select group of Japanese AI startups attracting significant international investment as the country accelerates its digital transformation efforts across industries.

Related Links:
Corporate Website: https://layerx.co.jp/

Business Websites:
Bakuraku: https://bakuraku.jp/
Ai Workforce: https://getaiworkforce.com/
Mitsui & Co. Digital Asset Management: https://corp.mitsui-x.com/
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