The accounting platform operator’s investment subsidiary has unveiled Hirac Fund’s $11.7m initial close with multiple corporate LPs on its way to a $29m ceiling.

Japan-based accounting software developer Money Forward’s corporate venturing arm, Money Forward Venture Partners (MFVP), reached a ¥1.23bn ($11.7m) first close for its seed and early-stage vehicle today. Hirac Fund’s limited partners (LPs) included enterprise chat platform operator Chatwork, design technology developer Goodpatch, printing services provider Raksul, software testing company Shift and The Guild, the operator…

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