Japan’s crowdsourced app development service Sekai Lab raises $1.2M

Japan’s crowdsourced app development service Sekai Lab raises $1.2M

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Tokyo-based Monstar Lab, the company that provides crowdsourced offshore app development service Sekai Lab, announced last week that it has fundraised 120 million yen (approximately $1.2 million) from East Ventures, SMBC Venture Capital, and Mitsubishi UFJ Capital.

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The company launched Sekai Lab in March, where Japanese companies can crowdsource their app development tasks at affordable rates from over 300 teams comprising 3,000 crowdsourced engineers from 10 countries. The company will use the funds to boost business expansion through their subsidiary in Singapore, aiming to transact more than $10 million in deals, as well as acquire 100,000 crowdsourced engineers in three years.

Monstar Lab also provides Monstar Channel, an online music distribution service for merchants and consumers.