The company announced today that it has fundraised 130 million yen ($1.1 million) from Opt Ventures and Nissay Capital. Opt Ventures is the investment arm of Japan’s largest online ad agency Opt (TSE:2389) while Nissay Capital is that of Japan’s leading insurance company Nissay, or Nippon Life Insurance Company (TSE:6271).
In a previous interview, the company said WOVN.io earns 90% of its revenue stream from their enterprise plan users. They plan to use the latest funds to strengthen their position as a marketing tool to help businesses expand globally. WOVN++, the SEO-enabled library launched in late July in beta, is also part of the strategy.
Thanks to the 2020 Tokyo Olympics effect, there are now more websites available in English. I expect that WOVN.io will accelerate this trend and help make more content from Japan available to the global audience.
Translated by Masaru Ikeda
Edited by Kurt Hanson