Aug 12, 2014

[The Bridge] Japan’s news curation app SmartNews raises $35M from Gree, Atomico, and others

Tokyo-based SmartNews, the company behind the news curation app under the same name, announced today that it has raised about 3.6 billion yen (about $35.4 million) from several companies. This round was led by Gree and Atomico with participation from Mixi, Globis Capital Partners, former Ziff Davis Publishing president William Lohse, DeNA co-founder Shogo Kawada, and other investors. ...
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The Bridge 8/8/2014 [en]

  • News app is the hottest area in mobile apps. SmartNews' rival, Gunosy raised about $24 million in total.from KDDI this year spending a lot for TV commercial to increase users. It seems also making a large amount of money with native advertisements. SmartNews seemed going ahead against Gunosy last year, but the competition may be almost even now. It is interesting to see how SmartNews use the capital. Of course, giants like LINE or Yahoo are also strong competitors for the startups. Who will dominate the market?

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