AppBroadCast, Mobile Game Media, Fundraises From KDDI and Mizuho Capital / Cnet Japan

AppBroadCast revealed fundraising by allocation of new shares to KDDI Open Innovation Fund, operated by a venture capital firm Global Brain, and Mizuho Capital. The amount is not disclosed, but it is considered between 50 million to 100 million yen.

AppBroadCast was founded on January 2013. It partners with KDDI to operate Game Gift, a game media for smartphone.

Game Gift provides virtual items of popular games on Google Play as a gift as well as other game related contents like news, walkthroughs, or reviews. As of October of 2013, it provides a gift for about 40% of top 50 games on Google Play. The app surpassed 500,000 downloads. ...

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Cnet Japan 1/20/2014 [jp]

memo

• Smartphone game industry seems becoming more capital intensive than before and some large studios rule the top ranking recently. However, solutions around mobile games such as advertising or analytic seem to have a room for startups to compete with even now. 
• http://www.appbroadcast.jp/