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
URL
http://globalbrains.co.jp/english/index.html