Japan’s invoicing solution startup MakeLeaps secures $600K funding through AngelList



Tokyo-based MakeLeaps, the startup behind a cloud-based invoicing platform under the same name, announced today that it has raised $600,000 through AngelList. Participating investors in this round include Naval Ravikant (AngelList), Richard Chen (Hatena) and Dave McClure (500 Startups).

Since its launch in October 2011 by Australian serial entrepreneur Jason Winder, MakeLeaps provides an invoicing platform that targets freelancers as well as small/medium-sized enterprises, having acquired over 15,000 users. According to the company, the service saw a 20% user revenue growth rate in three months from April to June.

MakeLeaps plans to use the funding to enhance the service and integrate it with other enterprise resource planning or B2B payment services so that more big companies will be able to put the platform into their in-house invoicing operations. In addition, MakeLeaps said it will increase sales representatives in order to boost marketing of the service to enterprise users.