July 14, 2014
KDDI Open Innovation Fund invests $8M in four startup companies in the United States
The “KDDI Open Innovation Fund” managed by Global Brain Corporation, has invested a total of 800 million yen (approximately 8 million USD) in the following four startup companies located in California, Unites States.
- Edmodo, Inc. SNS based educational platform
- Issuu, Inc. Digital publishing and sharing service
- Pogoseat, Inc. Seat upgrades for live events
- VentureBeat, Inc. IT media
Each company has its own unique competitive advantages and is enjoying rapid growth. KDDI and Global Brain are committed to provide assistances, such as assistances to enter the Japanese market, to further accelerate their growth in a global scale.
Please refer to the attachment for the details of each company.