May 10, 2013

Fuji TV's Venture Capital Invests In Smarteducation As The First Deal / Cnet Japan

Fuji Startup Ventures had the first deal from its venture fund for Smarteducation. FSV is a 100% subsidiary venture capital of Fuji Media Holdings. The amount is not disclosed, but according to an interview for the venture capital in the past, it plans to invest around 20 million yen and the deal is close to it.

Smarteducation was founded in 2011 and raised 100 million yen from Infinity Ventures in February 2012. The startup develops mobile apps for education such as Oyako de Sumahon, or Kids'n Books in English. ...

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Cnet Japan 5/1/2013 [jp]

  • Smarteducation has launched 8 apps on AppStore, Google Play, and Amazon Android application store so far. The total downloads surpassed 3.5 million in April. Partnering with Fuji TV is expected to boost the growth speed.

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