Photo Decoration And Sharing, Snapeee Raises 100M Yen From Itochu Technology Ventures And Gree /Venture Now

The amount of capital is considered to be around 100 million yen, but it has not been disclosed.

Snapeee is operated by Mind Pallete, which allows users to disseminate "Kawaii" to the world through decorated photos to share emotion and feeling casually. It is currently available on iOS4.1 and later. It also plans to release Android app from au one Market in November.

After just two months of launch on May, it surpassed 500,000 downloads. It has been popular centered around Asian regions such as Hong Kong, Taiwan, and Singapore reaching to 800,000 downloads. Foreign users share over 80%. ...

Venture Now 11/7/2011 [jp]

memo

• Mind Pallete announced a partnership with Gree last month.
• http://www.mindpl.co.jp/