Japanese app monetization platform Metaps has announced today that it has raised 1 billion yen (or about $11 million) in series B funding from Fidelity Growth Partners.
The company plans to use these funds to continue its expansion in Asia, and then beyond later this year. Metaps claims to be the largest such mobile ad network in Asia, and has the lofty goal of becoming the largest Android monetization platform in the world by the end of this year.
Metaps originally launched in 2011, and since then Android apps using its platform have achieved a total of 62 million downloads by focusing on mature Asian markets like Japan, Korea, Hong Kong, and Singapore. ...continue reading ...
Sd 3/6/2013 [en]
- Metaps had 440M yen of series A round about a year ago. The company has been taking advantage of super rapid growth of Android apps in Japan, which surpassed even US in terms of revenue in last October according to a research firm, App Annie.