KDDI Open Innovation Fund, the corporate venturing unit of Japan telecommunications group KDDI and venture capital firm Global Brain, has invested an undisclosed amount of funding in Japan-based flash sales e-commerce site Monoco.
Japan-based flash sales fashion e-commerce site Monoco has raised an undisclosed amount of funding from the corporate venturing unit of KDDI, and the fund’s investment partner, Japanese VC firm Global Brain. To date, Monoco has raised a seed round from corporate venturing unit CyberAgent, and a later 2011 investment of 60 million yen ($600,000) from Nippon Venture Capital, United (NGI Group at that time), and Innovation Engine, according to venture news site, startup-dating.
The deal has also sealed a…
