May 22, 2013

[Sd] After announcing new CEO last week, Japan’s Mixi invests in two startups

In the wake of announcing a new CEO last week, Japanese social network company Mixi (TYO:2121) continued a busy month by announced investments in two startups today. At its financial results briefing, incoming CEO Yusuke Asakura talked about future changes planned for Mixi, including aggressive investments in promising companies. 
The two investments disclosed today is Cloud Study and Reventive. CloudStudy will receive 72 million yen (over $700,000), which will account for 20% of its total funding to date. The figure for Reventive was not disclosed but it is somewhere in the tens of millions. The startup has other investors including Sunbridge Global Ventures and some angel investors, adding up to 70 million yen in total. 
StudyPlus is a social learning management platform that was released back in March of 2012. It hit the 100,000 user milestone after almost a year later in April of 2013. ... 
As for Reventive, its main offering is an app called Close, which is available on both iOS and Android. Close is sort of a Path equivalent, limiting the number of friends you can have to nine people. The app aspires to be the most secure place to connect and communicate with the most important people in your lives. ...
continue reading ...
Sd 5/22/2013 [en]

  • mixi plans to establish an investing arm as a subsidairy in July. The two investments may be a part of the move and mixi may aim to make the venture investment as independent business like CyberAgent or Gree are doing rather than pursuing synergy with existing services.

No comments:

Post a Comment