Sep 11, 2012

Yahoo Japan Acquires DECOPIC Developer, Community Factroy For 1B Yen / TechCrunch Japan

Community Factory is a startup catching attention by DECOPIC's big hit. Yahoo Japan acquired the startup with 1 billion yen according to informed sources. It is considered that Yahoo aims to get young female users of smartphone in its hand.

Community Factory was founded in 2006 and started to provide social application for mixi when it became open in 2009. ...

Community Factory is known to be the first startup to receive investment from mixi's operating "mixi fund". ...

TechCrunch Japan 9/11/2012 [jp]

  • Following the announcement of establishment of new venture fund a few days ago, Yahoo Japan again surprises the Internet industry. It is a very good thing for the ecosystem because there have been too few opportunities for exits by acquisition in Japan. Yahoo Japan's recent radical move will definitely give positive stimulus to people in the industry including entrepreneurs as well as venture capitals and seed accelerators.

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