Apr 26, 2013

[Sd] Japanese online content marketplace raises $3 million from Jafco and Femto Growth Capital

Tokyo-based startup Piece of Cake, the company behind online article/content marketplace called Cakes, announced today that it has fundraised 300 million yen (or about $3 million) from Jafco and Femto Growth Capital Fund. The fund is being jointly managed by the investment arm of Japan’s Shinsei Bank and notable Japanese CPA Tetsuya Isozaki. 
Cakes is an online marketplace where content authors can sell their articles to an audience. In partnership with notable magazine or comic publishing companies, the startup gathers popular content authors including best-selling novelists, scientists, famous bloggers, businessmen, photographers, and musicians. ...
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Sd 4/24/2013 [en]

  • Users can read all of contents by paying only 150 yen, which is much cheaper than any magazines even though the service has more contents. It seems the service has a great opportunity if it keeps having such popular contents. If there is one concern for the service to mention, it would be that Piece of Cake seems to focus on web to distribute digital contents. Since more and more people use a smartphone or a tablet to read or view magazine type of contents recently, only web would become a disadvantage.
  • http://www.pieceofcake.co.jp/

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