KDDI Open Innovation Fund has invested in a classified advertising site, JMTY, which allows users to easily post region-specific information for either no fee or a minimal fee.
Classified advertising sites have already established large markets abroad and it is expected growth will be seen in this domain in Japan also.
Currently, JMTY boasts the top ranking amongst service providers of its kind in Japan with the highest user and content volume.
The KDDI Open Innovation Fund is KDDI’S first corporate venture fund and Global Brain has been assigned management in light of its past performance.
Following investment, both KDDI and Global Brain will provide the necessary support to further strengthen JMTY’s corporate value.
Overview of the KDDI Open Innovation Fund
- Name
- KDDI Open Innovation Fund
- Investment target
- IT startup companies in Japan and overseas that collaborate with KDDI
- Total investment
- 5 billion yen
- Managed by
- Global Brain Corporation
Overview of JMTY
- Company name
- JMTY Corporation
- Location
- 5F Fryu View Building, 1-18-3, Ebisu Nishi, Shibuya, Tokyo
- CEO
- Takahiro Kato
- Founded
- February 16, 2011
- Operations
- Planning and operation of regional information bulletin board ‘JMTY’
- URL
- http://jmty.jp/
Overview of Global Brain
- Company name
- Global Brain Corporation
- Location
- Kamiyacho MT bld. 15F 4-3-20 Toranomon, Minato-ku, Tokyo
- CEO
- Yasuhiko Yurimoto
- Founded
- January 14, 1998
- Operations
- Venture capital