Japan Post Capital led a series E round that increased the valuation of the news aggregation app developer to $1.1bn, and its total funding to $116m.
Japan-based curated news app developer SmartNews received $28m yesterday in a series E round led by mail, courier and logistics services provider Japan Post, according to Bloomberg.
The round valued SmartNews at $1.1bn and Japan Post invested through its corporate venturing subsidiary, Japan Post Capital.
SmartNews has built a news aggregation platform that uses machine learning technology to source articles from media publications and deliver them to a user’s personalised feed. The app forwards readers to the original article, rather…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
