fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Content & Games

Japanese unicorn SmartNews raises $230m at $2bn valuation

Team AsiaTechDaily by Team AsiaTechDaily
16 September 2021
in Content & Games, Featured
0
SmartNews
16
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

SmartNews, the Japanese news aggregator that became a unicorn in 2019, announced raising $230 million in its Series F funding round that values the media unicorn at $2 billion.

As per the announcement, the Series F investors represent a broad range of strategies and geographies. It includes new investors Princeville Capital and Woodline Partners, based in the US, as well as JIC Venture Growth Investments, Green Co-Invest Investment, and Yamauchi-No.10 Family Office in Japan.

Existing investors who also participated in this round include ACA Investments and SMBC Venture Capital.

Founded in 2012, SmartNews provides aggregated news to millions of users through its machine learning technology and relationships with over 3,000 global publisher partners.

The company said it will use the additional capital to double its headcount in the US, adding engineers and leaders, particularly in Silicon Valley, New York, and San Francisco. It will also invest to further expand its product offering in the US.

SmartNews is already working on a range of new product features focused on consumer health and safety to be released over the next several months.

“This latest round of funding further affirms the strength of our mission, and fuels our drive to expand our drive to expand our presence and launch features that specifically appeal to users and publishers in the US,” said Ken Suzuki, CEO and co-founder of SmartNews.

SmartNews has been the number one news app in Japan for multiple years running. In the US, it achieved the highest monthly user time spent among all news apps and saw its monthly active users double in 2020.

Since its last funding round in 2019, the company has more than doubled its headcount to approximately 500 globally.

“The US market will be a touchstone for further growth as we contribute to shaping a better future for quality journalism and exceptional information delivery on a global scale,” Suzuki added.

Previous Post

Indonesia-based FinTech Startup Xendit enters the unicorn club with $150 million funding

Next Post

SG deeptech firm BuzzAR raises $630K to blitzscale face-to-cartoon AI app

Related Posts

edit post
WhyQ
Ecosystem

WhyQ secures $1.4m to help SMEs compete in digital economy

January 30, 2023
edit post
Eazy Digital
Featured

Thai insurtech startup Eazy Digital raises $850K in Seed funding

January 30, 2023
edit post
Grab Kandal
Featured

Grab appoints Philipp Kandal as Chief Product Officer

January 30, 2023
edit post
Holmusk
Featured

Healthtech startup Holmusk raises $45m to continue rapid expansion

January 23, 2023
edit post
Jumppoint
Featured

Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

January 16, 2023
edit post
Flik
Featured

Indonesian startup Flik scores $1.1m in East Ventures-led funding round

January 10, 2023
Next Post
edit post
BuzzAR

SG deeptech firm BuzzAR raises $630K to blitzscale face-to-cartoon AI app

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback