Aug 7, 2014

[The Bridge] Photo sharing app Snapeee raises $4M series C funding from Global Brain and others

Tokyo-based Mind Palette, the startup behind photosharing app Snapeee, announced today it has fundraises 400 million yen (about $4 million) from Japanese investment firm Global Brain, publishing company Kodansha, and Energy and Environment Investment. 
Snapeee has acquired over 8 million users in Asia. Through the investment and tie-up with Kodansha which is well known for publishing popular fashion magazines like ViVi, Snapeee wants to strengthen delivering higher quality of content to consumers in the region. ...
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The Bridge 7/28/2014 [en]

  • Photo decoration apps like Snapeee was featured a lot a few years ago successfully acquiring millions of users from not only in Japan but also in other Asian countries. However, news about the apps have been decreased recently. It seems Snapeee aims to become media rather than just photo sharing, which still no one establishes monetization model, taking advantage of the user base. It is interesting to see how they will achieve.

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