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Japanese crowdsourcing platform for video production raises $3M

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See the original article in Japanese Viibar, startup which operates a crowdsourcing platform specializing in video production raised approximately 300 million yen in total ($3 million) from Globis Capital Partners and GREE Ventures. Further details were not disclosed. Viibar was founded in April of 2013, with the aim of offering high-quality video for affordable prices, matching creators (like video directors and videographers) with clients. According to Viibar CEO, Yuta Kamisaka, a few hundred creators have been already registered on Viibar. Since last year, the company has utilized crowdsourcing to outsource work from a number of clients, including Rakuten and Mixi. The short video below was created for Mixi. Kamisaka started his first career at a video-production company that makes TV and video ads. He gained some experience in video production, worked on the marketing team at Rakuten, and then he founded Viibar. He participated Open Network Lab’s incubation program as part of its seventh batch, where Viibar won The Best Team Award on demo day. Shogo Kawada, a co-founder of DeNA and an angel investor, has also joined the team. Currently Japan’s crowdsourcing platforms can be roughly divided into two types. One type has all processes completed within the platform…

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See the original article in Japanese

Viibar, startup which operates a crowdsourcing platform specializing in video production raised approximately 300 million yen in total ($3 million) from Globis Capital Partners and GREE Ventures. Further details were not disclosed.

Viibar was founded in April of 2013, with the aim of offering high-quality video for affordable prices, matching creators (like video directors and videographers) with clients. According to Viibar CEO, Yuta Kamisaka, a few hundred creators have been already registered on Viibar. Since last year, the company has utilized crowdsourcing to outsource work from a number of clients, including Rakuten and Mixi. The short video below was created for Mixi.

Kamisaka started his first career at a video-production company that makes TV and video ads. He gained some experience in video production, worked on the marketing team at Rakuten, and then he founded Viibar.

He participated Open Network Lab’s incubation program as part of its seventh batch, where Viibar won The Best Team Award on demo day. Shogo Kawada, a co-founder of DeNA and an angel investor, has also joined the team.

Currently Japan’s crowdsourcing platforms can be roughly divided into two types. One type has all processes completed within the platform – such as with Lancers and Crowdworks. The other type has the company more actively involved in the process, as with Mugenup or Kaizen. Viibar’s position is closer to the latter.

We spoke to Kamisaka about how the company handles video production.

ーーThe process is usually so complicated that it would be difficult leaving everything up to just the client and the creator. Mugenup solved the problem by dividing a whole process into small parts. How will Viibar take on the problem?

First, we ask clients to present an outline of the video. After signing a non-disclosure agreement, video directors on our platform who are interested in joining the project participate in the assignment and pitch their work. After creators are selected, we build a production platform on cloud.

On the website, clients can see profiles and past work of video directors and select one based on that information.

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ーーIsn’t it difficult to work on a project when there is just direct communication between a client and a creator?

Right. So we also have product managers who help facilitate the process. A client’s expectation of quality is usually pretty high, and sometimes the creator has to do some processes again. By as we learn with every project, that will be reflected in our operations and systems.

ーーHow many members do you have on the team?

We have three part-time product managers. We expect one manager can support 10 to 20 clients.

The video market is growing fast, as YouTube’s business expands. There is great potential for Viibar to grow.

ーーWhat type of order do you get the most? And how much does it usually cost?

For animation videos, around 300,000 yen ($3000), and for live-action video, 600,000 yen ($6000) would be the most common price. The types of video are wide-rangng, but YouTube ads and short video ads for companies’ websites that introduce their product or service are increasing.

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Videomaking has typically been a high-cost service. But with more video consumtion online, the need for affordable video clips is going up. On my own personal project dropout, almost 90 percent of the users watch the videos on their smartphone. This device shift is significant.

If it costs a few thousands dollars to make a video, it won’t be affordable for most people. But what if that price drops to a few hundreds dollars? Then it could drive an expansion of quality video media. To that end, I think there’s much potential to be found in video-crowdsourcing.

Japanese news curation startup raises $4.2 million

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See the original story in Japanese. Tokyo-based Gocro, the startup behind news curation app SmartNews, announced today it has raised 420 million yen (approximately $4.2 million) from Globis Capital Partners. Smartnews is a mobile app that curates trending news stories based on Twitter data, analyzed with its own original technology. To date the startup has partnered with 43 news services and 25 companies for content syndication, and is exploring more partnerships in many business sectors. With this funding, the company plans to hire engineers and data scientists, and will increase its headcount from six to 40 over the next year. In this news app space here in Japan, we’ve seen more than a few competitors including Vingow and Gunosy. It is an interesting sector to watch, especially now that Line has thrown its hat in the ring as well with its own news app.

SmartNewsSee the original story in Japanese.

Tokyo-based Gocro, the startup behind news curation app SmartNews, announced today it has raised 420 million yen (approximately $4.2 million) from Globis Capital Partners.

Smartnews is a mobile app that curates trending news stories based on Twitter data, analyzed with its own original technology. To date the startup has partnered with 43 news services and 25 companies for content syndication, and is exploring more partnerships in many business sectors.

With this funding, the company plans to hire engineers and data scientists, and will increase its headcount from six to 40 over the next year.

In this news app space here in Japan, we’ve seen more than a few competitors including Vingow and Gunosy. It is an interesting sector to watch, especially now that Line has thrown its hat in the ring as well with its own news app.

Japanese lifehack sharing site Nanapi raises $2.7 million

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Nanapi is a popular Japanese site where users can share their favorite lifehacks. The company announced today it has raised 270 million yen (approximately $2.7 million) from KDDI’s Open Innovation Fund [1]. and Globis Capital Partners. This follows a previous round of funding worth 330 million yen from Globis Capital Partners. The startup was founded back in 2007 by former Recruit staffer Kensuke Furukawa and former Rakuten engineer Shuichi Wada. The pair and their colleagues launched the lifehack sharing site back in 2009, and have acquired more than 12 million users to date. Users exchange practical how-tos and daily tips, such as how to better cut vegetables, how to better clean up toilets, or how to wash your neckties in the washing machine. A partnership with Japan’s leading web portal Yahoo Japan came in 2012, and subsequently startup has pulled lots traffic from there, accounting for 10% to 20% of its 60 million monthly page views. With these new funds, the startup plans to intensify development, especially for smartphone users. KDDI Open Innovation Fund is jointly managed by Japan’s second largest telco KDDI and VC firm Global Brain. ↩

nanapi_logoNanapi is a popular Japanese site where users can share their favorite lifehacks. The company announced today it has raised 270 million yen (approximately $2.7 million) from KDDI’s Open Innovation Fund [1]. and Globis Capital Partners. This follows a previous round of funding worth 330 million yen from Globis Capital Partners.

The startup was founded back in 2007 by former Recruit staffer Kensuke Furukawa and former Rakuten engineer Shuichi Wada. The pair and their colleagues launched the lifehack sharing site back in 2009, and have acquired more than 12 million users to date. Users exchange practical how-tos and daily tips, such as how to better cut vegetables, how to better clean up toilets, or how to wash your neckties in the washing machine. A partnership with Japan’s leading web portal Yahoo Japan came in 2012, and subsequently startup has pulled lots traffic from there, accounting for 10% to 20% of its 60 million monthly page views.

With these new funds, the startup plans to intensify development, especially for smartphone users.

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  1. KDDI Open Innovation Fund is jointly managed by Japan’s second largest telco KDDI and VC firm Global Brain. ↩

Japanese crowdsourcing marketplace Lancers raises $2.9 million

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See the original story in Japanese. Japanese crowsourcing marketplace Lancers announced today that it has raised 300 million yen ($2.9 million) from Globis Capital Partners (GCP) and GMO Venture Partners (GMO-VP). Coinciding with this funding, GCP partner Shinichi Takamiya has joined Lancers’ the board of directors. Readers may recall that we previously wrote about Lancers back in April. Since the service launched in 2008, it has acquired about 140,000 members (crowdsourced workers) and has transactioned about 7 billion yen ($68.3 million). The amount of the transactions reached 3.5 billion yen ($34.2 million) in the previous fiscal year, which is same amount as its total dealings up to that point (i.e. from 2008 and 2011). The company recently moved its headquarters from Shibuya to Kamakura, just outside of Tokyo. Why now? Lancers’ CEO Yosuke Akiyoshi explained why they raised funds at this particular point: Our business is growing well, and we’re not suffering from cash flow issues. However, we made up our minds to fundraise so we can massively speed up our business at this time. […] Now we need to focus on standardizing the format of crowdsourcing projects. By enhancing its database of crowdsourcing workers, the startup is now exploring…

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See the original story in Japanese.

Japanese crowsourcing marketplace Lancers announced today that it has raised 300 million yen ($2.9 million) from Globis Capital Partners (GCP) and GMO Venture Partners (GMO-VP). Coinciding with this funding, GCP partner Shinichi Takamiya has joined Lancers’ the board of directors. Readers may recall that we previously wrote about Lancers back in April.

Since the service launched in 2008, it has acquired about 140,000 members (crowdsourced workers) and has transactioned about 7 billion yen ($68.3 million). The amount of the transactions reached 3.5 billion yen ($34.2 million) in the previous fiscal year, which is same amount as its total dealings up to that point (i.e. from 2008 and 2011).

The company recently moved its headquarters from Shibuya to Kamakura, just outside of Tokyo.

Why now?

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Lancers’ CEO Yosuke Akiyoshi

Lancers’ CEO Yosuke Akiyoshi explained why they raised funds at this particular point:

Our business is growing well, and we’re not suffering from cash flow issues. However, we made up our minds to fundraise so we can massively speed up our business at this time. […] Now we need to focus on standardizing the format of crowdsourcing projects.

By enhancing its database of crowdsourcing workers, the startup is now exploring partnerships with other category-focused crowdsourcing services such as ADFlow (crowdsourcing banner ad design) or MugenUp (crowdsouring illustration or cartoon-drawing work).

Cultivating local workers in local markets

Regarding expanding their business in local markets, he explains:

In order to make our business grow further, I believe it’s also important to help freelancers grow. They aren’t our employees but we need to invest in cultivating these workforces. If you compare outsourcing tasks to overseas markets with doing so in local markets, there will be no significant gap in terms of cost. But there’s a big gap in the volume of the tasks between the two. We’d like to gather more users and partners by promoting the new freelance working style as well as our own platform.

The startup is planning to launch a new system in the future, where they will conduct interviews to find potential leaders among freelancers at many locations across the country. They will be approved as ‘qualified freelancers’ and lead projects with other workers located at various locations.

People typically see crowdsourcing as a sort of quick and dirty solution. To overcome this stigma, Akiyoshi plans to increase the amount of quality deals on the marketplace.

We actually get more offers from corporate users, [although] we’re haven’t intensified our sales efforts. Once a company uses our service, we’ve seen that its subsidiaries or group companies follow suit.

The company also plans to provide further support to workers, with health insurance or welfare services, and from a freelancer’s point of view that certainly helps make this sort of work become an attractive option.

Japanese fashion coordination site iQON raises $3.2M, will boost marketing efforts

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See original story in Japanese Vasily, a Tokyo-based startup which runs online fashion coordination service iQON, announced today that it has fundraised a total of 300 million yen (approximately $3.2 million) from Globis Capital Partners, Itochu Technologuy Ventures, and GMO Venture Partners. This is the second round of funds following the previous series A funding of 140 million yen ($1.5 million) in May of 2011. The iQON service allows you to combine clothing and accessories online and share fashion coordination ideas with other users. Each item has a direct link to fashion e-commerce sites where you can purchase it, and the startup will generate revenue from partner sites using an affiliate model. More than 300,000 coordinated outfits have been registered since the service launched in April of 2010, and users are bookmarking their favorites more than a million times a month. The startup introduced its iOS app last February (and an Android app is now also available) which really took off. It even helped some of their partnering e-commerce sites make more than 20 million yen monthly sales through the affiliate traffic. The company focused on service development in the series A phase, but will be intensifying branding and marketing…

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See original story in Japanese

Vasily, a Tokyo-based startup which runs online fashion coordination service iQON, announced today that it has fundraised a total of 300 million yen (approximately $3.2 million) from Globis Capital Partners, Itochu Technologuy Ventures, and GMO Venture Partners. This is the second round of funds following the previous series A funding of 140 million yen ($1.5 million) in May of 2011.

The iQON service allows you to combine clothing and accessories online and share fashion coordination ideas with other users. Each item has a direct link to fashion e-commerce sites where you can purchase it, and the startup will generate revenue from partner sites using an affiliate model. More than 300,000 coordinated outfits have been registered since the service launched in April of 2010, and users are bookmarking their favorites more than a million times a month.

The startup introduced its iOS app last February (and an Android app is now also available) which really took off. It even helped some of their partnering e-commerce sites make more than 20 million yen monthly sales through the affiliate traffic. The company focused on service development in the series A phase, but will be intensifying branding and marketing efforts from now on.

When discussing fashion e-commerce sites in Japan, we can’t help but mention Zozotown (listed on the Tokyo Mothers exchange since 2007). The site is a partner for Vasily rather than a competitor because the two companies have different business models and won’t compete and/or conflict. Vasily’s CEO, Yuki Kanayama, says they will keep working closely with their good partner Zozotown in the future.

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Vasily Inc.’s CEO: Yuki Kanayama