Joho Planet raises 24M yen from ngi /Venture Now

A student startup, Joho Planet revealed that it raised 24 million yen by allocation of new shares to ngi Venture Community Fund II.

Joho Planet is a startup launched in September of 2006 when the founder, Mr. Yamamoto was a high school student. It raised capital in 2009 August from Samurai Incubate to operate Gakunai.jp, word-of-mouth web site for high school students.

But the startup made a vast change for its business domain. Within this month, it aims to launch Syngclogue, a service related to virtualization and cloud computing of Windows application. The company targets global expansion with the service.

Venture Now 3/8/2011

memo

• ngi group invests in Internet related startups in seed and early stage. It also provides Internet related services such as web marketing and social applications.