NEXTBOOK Raised 121M Yen For Series A Round / Venture Now

An ebook publisher, NEXTBOOK, announced that it conducted allocation of new shares to three VCs and seven individiual investors to raise 121 million yen for its series A round.

VCs include Mitsui Sumitomo Insurance Venture Capital, Mitsubishi UFJ Capital, and SMBC Venture Capital.

NEXTBOOK was founded in 2010 July. Its main business is ebook publishing. It focuses on creating unique social publishing platform which crowdsources writers, editors and desiners. It targets developing countries for the main market. ...

Venture Now 12/12/2011 [jp]

memo

•  eBook has not been popular yet in Japan except Manga, but some ebook related  startups succeeded to raise capital from VC. Another example is a social reading service provider, SpinningWorks which raised 41M yen in this October.
• http://www.nxtbk.com/