Japanese news app SmartNews nabs $10M bridge round, at pre-money valuation of $320M

JapanThe back-and-forth between SmartNews and Gunosy, Japan’s premier news apps that are taking their domestic war global, added a new chapter today. Only a week after Gunosy filed for a US$263 million IPO, SmartNews tells Tech in Asia that it has nabbed a US$10 million bridge round at a pre-money valuation of US$320 million. The funding round features previous investors Gree, Globis Capital Partners, Atomico, Mixi, and Social Venture Partners. Since its founding in June 2012, SmartNews has publicly raised a touch over US$50 million.


Japan’s SmartNews booming in US with 1M monthly active users

JapanJust three months after debuting in the US, Tokyo-headquartered news app SmartNews has achieved a major milestone: one million Americans are already monthly active users. It has also reached the number-one spot in the news category for apps on the US versions of the App Store and Google Play.