The latest funding comes from local systems integrator Intec's corporate venturing unit Intec IT Capital, Neostella Capital (the VC formed in 2008 out of the merger of Mizuho Securities and Dai-ichi Life Insurance's respective units), Tokyo-listed internet business NGI Group, Nippon Venture Capital and Sumitomo Mitsui Banking Corporation's SMBC Venture Capital.

Metaps, a Japan-based smartphone transaction application  company, has raised $4.2m in from a local consortium of corporate and independent venture capital firms.

The $4.2m came from local systems integrator Intec’s corporate venturing unit Intec IT Capital, Neostella Capital (the VC formed in 2008 out of the merger of Mizuho Securities and Dai-ichi Life Insurance’s respective units), Tokyo-listed internet business NGI Group, Nippon Venture Capital and Sumitomo Mitsui Banking Corporation’s SMBC Venture Capital.

Metaps is a reward advertisement network that offers software developers a platform for advertising through a CPI (cost-per-install)-based traffic model.

James Mawson

James Mawson is founder and chief executive of Global Venturing.