KDDI, the corporate venturing unit of Japan telecommunications group KDDI, has set its sights on Nanapi, a consumer information sharing site that boasts 60 million monthly page views. The latest round was worth $2.7m and brings the start-ups funding to date to $6.1m.
KDDI Open Innovation Fund, which is jointly managed by Japan’s second largest telecommunications company KDDI and venture capital firm Global Brain, has invested 270m yen ($2.7m) in Japan-based ‘lifehack’ web site Nanapi. Existing investor, Globis Capital Partners, has also taken part in the latest round, which follows a previous round worth 330m yen ($3.4m) led by Globis.
The basis of the information sharing site is for users to exchange practical daily tips, such as how to better cut vegetables, or…
