Tokyo Otaku Mode, the startup behind the Japanese subculture site of the same name, announced today that it has fundraised from Cool Japan Fund, Japan’s state-backed fund for the promotion of the export of Japanese cultural products and services to the global market. The fund will execute an investment worth up to 1.5 billion yen ($13.7 million) in the startup in three years. In April, the company raised series A funding worth 270 million yen ($2.5 million) from several Japanese companies.
Since its launch in the form of a Facebook fan page in 2011, the startup has acquired over 16 million likes. They registered a company in the state of Delaware in the US in December 2012, and subsequently joined Silicon valley accelerator 500 Startups. ...continue reading ...
The Bridge 9/25/2014 [en]
- A current total amount of Cool Japan Fund is 38.5 billion yen which is from Japan government and some corporations. Along with the deal, it announced three other investments including cold chain logistics in Vietnam, shopping mall in Malaysia and China. Compared to these physical infrastructure, Tokyo Otaku Mode is quite unique, but considering the name of the fund, we would like to see investing in startups like Tokyo Otaku Mode more from the fund.