Japan’s MyNet raises $6.2M, enhancing growth support business for app developers



Tokyo-based mobile game developer MyNet announced today that it has raised 730 million yen ($6.2 million) from B Dash Ventures, Shinsei Corporate Investment, and SMBC Venture Capital, including loans from Sumitomo Mitsui Bank.

From its start in July 2006, MyNet had been providing social news service Newsing (to be terminated in March), as well as customer relationship management solutions to restaurants and retailers. However, they sold their CRM solutions to Yahoo Japan and changed their focus to social games development in 2012.

In May 2014, MyNet launched outsourced growth services for mobile games to help app developers boost user numbers and revenue. They plan to use the funds to hire new people for this growth business and acquire new game titles from other developers.

Via: TechCrunch Japan

Edit by Kurt Hanson