Nov 6, 2014

[Tech In Asia] Japanese messaging app developer Quan closes series A funding for further ASEAN expansion

Quan, a Tokyo-based messaging app developer that makes games and stickers for a variety of popular chat apps, announced the closure of its series A round earlier today. The funding – rumored to be in the millions of dollars – comes from existing benefactors Daiwa Corporate Investment and East Ventures, who are also joined by Dentsu Digital Holdings, IMJ Investment Partners, Mitsui Sumitomo Insurance Venture Capital, and Senshu Ikeda Capital. ... 
Mizuno says that Quan’s stickers have been downloaded more than 100 million times. Between its apps and localized games, the startup has seen more than 15 million downloads. ...
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Tech In Asia 10/20/2014 [en]

  • LINE opens sticker shops for third party developers. And, it is one of the important revenue source for LINE. For other chat apps or SNS apps, stickers will become more important too. Quan has already been well positioned in the competition in not only Japan but also Thailand. Since the business may not be easy to differentiate, speed to enter into other South East Asian market would be key for the startup.

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