Japanese mobile app developer Quan raises several million dollars



Tokyo-based Quan, the Japanese startup behind mobile apps like MyStickerShop and Lounge, announced today that it has fundraised from Daiwa Corporate Investment, East Ventures, Dentsu Digital Holdings, IMJ Investment partners, Mitsui Sumitomo Insurance Venture Capital, and Senshu Ikeda Capital. Funding details have not been disclosed but it’s likely worth around several million US dollars. Daiwa Corporate Investment and East Ventures have participated in the past rounds. Quan will use the money to strengthen business operations in Southeast Asia.

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Since its launch in 2011, Quan has launched smartphone app MyStickerShop in partnership with Thailand’s leading telco AIS, as well as developed the Japanese versions of popular mobile games from Thai developers such as Kiragames, PocketPlayLab, and PromptNow. The company fundraised an undisclosed sum from Japanese e-commerce giant Netprice.com and investment company East Ventures in 2012. In August this year, Quan invested in Bangkok-based game startup Magic Box Asia.