<article>Japanese accounting software company freee has secured $60 million in funding from LINE Corporation, MUFG Bank, Ltd., LIFE CARD and several international institutional investors, bringing the company’s total funding to $155 million.</article>

Japanese accounting software company freee has secured $60 million in funding from LINE Corporation, MUFG Bank, Ltd., LIFE CARD and several international institutional investors, bringing the company’s total funding to $155 million.
In a press release, the company said the fresh funding will be used to fuel its continued growth and accelerate its efforts to build a platform for small businesses.
Founded in 2012 by Daisuke Sasaki, who previously headed Google’s SMB marketing in the Asia Pacific region, freee provides Japanese SMBs with tools to automate their back office tasks.
Since the company launched its &#8216;Accounting freee&#8217; platform in 2013, it claims to have acquired over 1,000,000 business accounts, as well as 5,000+ accountants as its certified advisors that provide their services to their clients on its platform.
Freee claims to be one of the first Japanese startups to raise funding from overseas investors. The company has raised multiple funding rounds and counts DCM Ventures and Infinity Ventures among its early investors.
In its Series D funding round, which was closed in 2016, the company raised $29 million from DCM Ventures, SBI Investment and SPARX Group.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/indonesia-sleekr-talenta-97325/">Indonesian HR software startup Sleekr acquires competitor Talenta</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/line-mobike-japan-investment-88934/">LINE Corporation picks a minority stake in Mobike Japan</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/indonesias-regulator-approves-mufgs-request-to-raise-stake-in-bank-danamon-103657/">Indonesia’s regulator approves MUFG request to raise stake in Bank Danamon</a>

The company said the fresh funding will be used to fuel its continued growth and accelerate its efforts to build a platform for small businesses.

Japan's accounting startup freee bags $60m funding from Line, others

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Japan's accounting startup freee bags $60m funding from Line, others

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief