Office products supplier Ricoh has agreed to acquire Japan-based digital invoicing platform developer MakeLeaps, providing an exit for Rakuten Ventures, the corporate venturing arm of e-commerce firm Rakuten.
Ricoh will buy all of MakeLeaps shares at the end of this month to complete the transaction, which Nikkei Asian Review estimated would be priced in the eight-digit dollar range.
Founded in 2009, MakeLeaps operates a cloud-hosted invoicing facility for businesses and freelancers that automatically creates billing documents with custom features such as the client’s logo and signature stamp.
The software integrates with bank deposit and payment card services in addition to tools from enterprise software producer Salesforce. Ricoh will introduce MakeLeaps’ tools on its office printers and on products such as customer management and accounting systems.
Rakuten Ventures’ Japan Fund reportedly supplied MakeLeaps with several millions of dollars in a July 2016 series A round, after venture capital firm Kima Ventures injected an undisclosed amount of seed capital in 2014. MakeLeaps also raised $600,000 from AngelList and individual investors including Dave McClure the same year.