Skyland Ventures turns its focus to mobile, co-invests in movie-making app



See the original story in Japanese.

Tokyo-based Skyland Ventures, an investment fund focused on startups, announced it has allocated its 200 million yen (approximately $2 million) fund to invest in smartphone app developers. The fund is expected to be finishing investments by next June.

You may recall our recent article citing analyst’s prediction that about 60% of Japanese mobile users will switch to smartphones by 2014. Since cheaper smartphone handsets will be more easily available to many consumers, this shift will of course occur in other parts of the world as well. Obviously for Skyland, getting on board with this trend makes sense.

Coinciding with this announcement, the group also disclosed its investment in Japanese mobile development startup Nanameue, which also received investment from East Ventures to the tune of 30 million yen ($300,000) [1].

The startup was launched back in May by Atsushi Takishima and Takahiro Ishihama. The pair previously worked with Japanese startup Quan, known for its apps targeting the Southeast Asian region. SlideStory, one of Nanameue’s apps, has already surpassed 400,000 downloads, with users mainly in Japan, Thailand, and Taiwan.

The total downloads across all 12 of their apps has reached over 2.3 million.

SlideStory allows you to create a movie clip from 15 still images, or you can also create a clip of up to 32 seconds by splicing multiple clips. Its functionality resembles Korea’s Tripvi Album or Honda Motor’s RoadMovies app.

  1. East Ventures is also a limited partner for Skyland Ventures.