THE BRIDGE

Masaru Ikeda

Masaru Ikeda

Masaru started his career as a programmer/engineer, and previously co-founded several system integration companies and consulting firms. He’s been traveling around Silicon Valley and Asia exploring the IT industry, and he also curates event updates for the Tokyo edition of Startup Digest.

Articles

Japanese personal budget app Zaim now features local supermarket bargains

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See the original story in Japanese. After Zaim officially released its household accounting app back in 2011, it has gone on to partner with Japan’s largest recipe sharing community Cookpad, raising 42 million yen (approximately $420,000) from the company. They’ve also added an OCR feature to the app back in April, so users can record their expenses by taking pictures of their receipts. The startup will continue to work closely with Cookpad, as it has recently announced the Zaim app will integrate app with a specific Cookpad service to provide users with bargain updates from their local supermarkets. This bargain search service was launched back in February on Cookpad, and is currently serving about 500,000 users. It allows supermarket clerks to feature certain merchandise in a more quick and efficient manner than traditional hand-delivered fliers. In addition to monetizable streams like analyzing user data, the startup is likely to expand business by driving user traffic towards real purchase opportunities. According to a survey that Cookpad conducted back in July of 2012, 37% of its user base no longer subscribes to any newspaper, meaning they won’t see such supermarket fliers. Also operating in this space is a service from Toppan Printing…

zaim

See the original story in Japanese.

After Zaim officially released its household accounting app back in 2011, it has gone on to partner with Japan’s largest recipe sharing community Cookpad, raising 42 million yen (approximately $420,000) from the company. They’ve also added an OCR feature to the app back in April, so users can record their expenses by taking pictures of their receipts.

The startup will continue to work closely with Cookpad, as it has recently announced the Zaim app will integrate app with a specific Cookpad service to provide users with bargain updates from their local supermarkets. This bargain search service was launched back in February on Cookpad, and is currently serving about 500,000 users. It allows supermarket clerks to feature certain merchandise in a more quick and efficient manner than traditional hand-delivered fliers.

In addition to monetizable streams like analyzing user data, the startup is likely to expand business by driving user traffic towards real purchase opportunities. According to a survey that Cookpad conducted back in July of 2012, 37% of its user base no longer subscribes to any newspaper, meaning they won’t see such supermarket fliers.

Also operating in this space is a service from Toppan Printing called Shufoo, which allows households to check the latest supermarket discounts online. The service is provided in partnership with NTT Broadband Platform using their WiFi access points, typically located at railway stations in urban areas.

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Crowd Securities Japan to launch investment crowdfunding platform

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Tokyo-based stock brokerage company Crowd Securities Japan held a press briefing yesterday to announce that it will launch the country’s first investment crowdfunding platform in August. The service is called Crowd Bank. The company’s president Kaz Ohmae, explained a little about the upcoming service. People in Japan keep more than 839 trillion yen ($8.39 trillion) in their savings, more than any other country in the world. However, as little as 8.2 billion yen ($82 million) has been transacted in the Japanese crowdfunding market, less than 5% of the US [transaction volume]. So Japan has great potential for growth in the crowdfunding market. We plan to launch the country’s first investment crowdfunding platform and help SMEs raise funds easier with this service. According to Ohmae, crowdfunding services are categorized into five types corresponding to what you can get in return for investments: donations, rewards, loans, funds, and equity. Regarding the first two, these are relatively easy to launch since no license is required. But for the latter three types of crowdfunding services, operators are requested to get licenses from the Japanese monetary authority. Taking full advantage of its status as a stock brokerage company, they plan to launch a loan crowdfunding…

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From the left: CSJ’s President Kaz Ohmae, Chairman Yoshito Denawa

Tokyo-based stock brokerage company Crowd Securities Japan held a press briefing yesterday to announce that it will launch the country’s first investment crowdfunding platform in August. The service is called Crowd Bank.

The company’s president Kaz Ohmae, explained a little about the upcoming service.

People in Japan keep more than 839 trillion yen ($8.39 trillion) in their savings, more than any other country in the world. However, as little as 8.2 billion yen ($82 million) has been transacted in the Japanese crowdfunding market, less than 5% of the US [transaction volume]. So Japan has great potential for growth in the crowdfunding market. We plan to launch the country’s first investment crowdfunding platform and help SMEs raise funds easier with this service.

According to Ohmae, crowdfunding services are categorized into five types corresponding to what you can get in return for investments: donations, rewards, loans, funds, and equity. Regarding the first two, these are relatively easy to launch since no license is required. But for the latter three types of crowdfunding services, operators are requested to get licenses from the Japanese monetary authority.

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Taking full advantage of its status as a stock brokerage company, they plan to launch a loan crowdfunding service in August and an equity service next year. They aim to transact 10 billion yen ($100 million) among 10,000 customers using the platform by March of 2015.

The company was previously known as D-brain Securities, focused on dealing with unlisted stocks on Japanese stock exchanges (the Green Sheet Market). They have previously served more than 9,000 clients and managed underwriting for 140 companies. 16 companies of those have exited to an IPO or M&A, and to date the company has provided capital worth 10.7 billion yen ($107 million) to Japanese SMEs from the market.

Prior to joining this company, president Ohmae worked at E-Trade Japan, and was involved in an launching Exchange Corporation, the startup behind Japan’s leading social lending service Aqush.

The video below shows Ohmae giving a brief demo of how the new platform will work.

Japanese online ticketing service Peatix secures $3M in series A funding

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NYC-based Japanese startup and online ticketing service provider Peatix announced today it has secured series A funding worth $3 million from Fidelity Growth Partners Japan, the VC and private equity arm of Fidelity Worldwide Investment. Fidelity’s Japan representative David Milstein will join the management board. The other investors include 500 Startups, Draper Nexus Venture Partners, DG Incubation, Itochu Technology Ventures, Sunbridge Global Ventures, and Zenshin Capital [1]. Peatix was co-founded back in 2009 by four Amazon.com/Amazon Japan alumni: Naofumi Iwai, Taku Harada, Emi Takemura Miller, and Yuji Fujita. To date, it has been providing an online ticketing service, facilitating over 10,000 meet-ups, conferences and events. As part of its business strategy, the startup focuses on optimizing its interface for smartphone devices, and now more than 60% of user traffic is coming from mobile. With these new funds, the startup’s CEO Taku Harada explains that the company will intensify system development, improve user experience, and push for global business expansions. The startup has moved its headquarters to NYC early this year, and recently established a subsidiary, Peatix Asia, in Singapore. DG Incubation is the investment arm of Tokyo-based startup incubator Digital Garage. Zenshin Capital is an investment fund which was founded by Silicon…

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Peatix Team at Echelon 2013, Singapore
(Naofumi Iwai on the left, and Emi Takemura Miller on the right)

NYC-based Japanese startup and online ticketing service provider Peatix announced today it has secured series A funding worth $3 million from Fidelity Growth Partners Japan, the VC and private equity arm of Fidelity Worldwide Investment. Fidelity’s Japan representative David Milstein will join the management board.

The other investors include 500 Startups, Draper Nexus Venture Partners, DG Incubation, Itochu Technology Ventures, Sunbridge Global Ventures, and Zenshin Capital [1].

Peatix was co-founded back in 2009 by four Amazon.com/Amazon Japan alumni: Naofumi Iwai, Taku Harada, Emi Takemura Miller, and Yuji Fujita. To date, it has been providing an online ticketing service, facilitating over 10,000 meet-ups, conferences and events.

As part of its business strategy, the startup focuses on optimizing its interface for smartphone devices, and now more than 60% of user traffic is coming from mobile. With these new funds, the startup’s CEO Taku Harada explains that the company will intensify system development, improve user experience, and push for global business expansions.

The startup has moved its headquarters to NYC early this year, and recently established a subsidiary, Peatix Asia, in Singapore.

The growth of events using Peatix for their attendee management
The growth of events using Peatix for their ticketing

  1. DG Incubation is the investment arm of Tokyo-based startup incubator Digital Garage. Zenshin Capital is an investment fund which was founded by Silicon Valley-based Japanese entrepreneur Takeshi Mori.

Japan’s Netprice.com launches new ‘Beenos’ incubation program

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Japanese internet conglomerate Netprice.com announced today that it has launched a new incubation program called Beenos, which will provide hands-on support to promising young entrepreneurs. Netprice.com has another incubation program called Open Network Lab (aka OnLab), led by MIT Media Lab director Joi Ito and jointly operated with Digital Garage. So a natural question to ask here is why would Netprice need to run two different incubators at the same time? How do they differ? I had an opportunity to visit the Netprice.com office and hear from key members of the program’s team: Hiro Maeda, Bora Savas, Daisuke Imai, and Kazuya Kawakami. How is the Beenos incubation program different from OnLab? At OnLab, we’ve been helping as many startups as possible to launch and [grow], because it’s a seed acceleration program. In terms of helping participating startups learn more about what they have to do, they can receive advice from our mentors. For the Beenos program, we formed a 15-person hands-on team with the aim of committing ourselves to working with entrepreneurs. Most members of the team have previously launched their own startups, so they know what entrepreneurs are going thorough based on their own experience. What do you provide…

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Japanese internet conglomerate Netprice.com announced today that it has launched a new incubation program called Beenos, which will provide hands-on support to promising young entrepreneurs. Netprice.com has another incubation program called Open Network Lab (aka OnLab), led by MIT Media Lab director Joi Ito and jointly operated with Digital Garage.

So a natural question to ask here is why would Netprice need to run two different incubators at the same time? How do they differ? I had an opportunity to visit the Netprice.com office and hear from key members of the program’s team: Hiro Maeda, Bora Savas, Daisuke Imai, and Kazuya Kawakami.

How is the Beenos incubation program different from OnLab?

At OnLab, we’ve been helping as many startups as possible to launch and [grow], because it’s a seed acceleration program. In terms of helping participating startups learn more about what they have to do, they can receive advice from our mentors.

For the Beenos program, we formed a 15-person hands-on team with the aim of committing ourselves to working with entrepreneurs. Most members of the team have previously launched their own startups, so they know what entrepreneurs are going thorough based on their own experience.

beenos_team

What do you provide in the Beenos program?

We provide everything you need for launching your startup. If you have an idea but no team, we can help you build a one. If you have an app but no user base, we can give you ideas that help boost user growth. You can apply for the program even if you have no great idea because we think the idea is not a key factor in terms of making your startup succeed.

For early-stage startups, we typically provide operational support using our Netprice.com personnel. For mature-startups, we help you expand your business reach globally using our international network comprised of our investees, subsidiaries, and partners.

So what do you expect from entrepreneurs?

For entrepreneurs, we think the success of your startup very much relies on how much your idea fits your mindset rather than your skill set as a business owner. We expect you to have a mindset where many people can follow you, [including] good co-workers or ardent customers.

According to Mr. Maeda, a recent trend in the startup incubation industry has seen US incubators focus on acquiring high-profile people for their advisory or management board, such as Digg co-founder Kevin Rose who joined Google Ventures, or SuccessFactors’ founder Lars Dalgaard who joined Andreessen Horowitz. Beenos expects this trend to seep into the Japanese incubation industry.

The team consists of experienced people from various fields. Dr. Bora Savas is a Turkish entrepreneur and data specialist. Daisuke Imai can help you build up prototype based on your idea, and give you advice from a user experience point if view. Using his network of investors and entrepreneurs in South East Asia, Mr. Kazuya Kawakami can help you expand your business quickly in that region.

For the time being, they will focus on nurturing Japanese startups in their Tokyo office, but they aspire to do more regardless of geography or nationality as it becomes possible later on.

Netprice already boasts an impressive portfolio of services like group-buying platform Netprice, auction site Brandear, and localized e-Bay service Sekaimon. Some of our readers may recall that the company also recently invested in two Turkish Internet companies as well.

Japanese team pitches game app engine at Microsoft’s Imagine Cup

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The Imagine Cup is an annual global competition organized by Microsoft, with the aim of nurturing students to be competitive in the international arena. The finals are taking place in St. Petersburg, Russia, where finalists from 71 counties come together to competing for the top awards in five categories, with the winners will be announced late on Thursday night (Japan Time). It will be livestreamed here if you’d like to tune in. The team of Teppei Yoneyama and Chester Lee Chin Zhen (who are both attending Japan’s oldest computer vocational school) are finalists from Japan, proposing a new gaming app development environment. It’s called the Knowall Library, and it has taken about four years to complete. The development suite allows game developers to create a 2D or 3D gaming app relatively easily. To date many people have already developed several gaming titles using the environment, giving it high praise since it is just as sophisticated as many existing products in terms of technical features. The video below shows you how Yoneyama presented the work at his vocational school. It’s in Japanese, but it will give you a better but idea of how it works. We are told that it’s not…

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Project N at World Finals venue: Chester Lee Chin Zhen, Teppei Yoneyama
(Picture courtesy of Microsoft)

The Imagine Cup is an annual global competition organized by Microsoft, with the aim of nurturing students to be competitive in the international arena. The finals are taking place in St. Petersburg, Russia, where finalists from 71 counties come together to competing for the top awards in five categories, with the winners will be announced late on Thursday night (Japan Time). It will be livestreamed here if you’d like to tune in.

The team of Teppei Yoneyama and Chester Lee Chin Zhen (who are both attending Japan’s oldest computer vocational school) are finalists from Japan, proposing a new gaming app development environment. It’s called the Knowall Library, and it has taken about four years to complete. The development suite allows game developers to create a 2D or 3D gaming app relatively easily. To date many people have already developed several gaming titles using the environment, giving it high praise since it is just as sophisticated as many existing products in terms of technical features.

The video below shows you how Yoneyama presented the work at his vocational school. It’s in Japanese, but it will give you a better but idea of how it works. We are told that it’s not common for gaming app development environment to be chosen as a finalist for the Imagine Cup event.

We certainly wish them the best of luck during the rest of the competition!

Inventor of Japanese P2P file-sharing software passes away at age 42

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Tokyo-based distributed computing company Skeed announced [pdf] yesterday that the company’s founder and chief innovation officer Dr. Isamu Kaneko has passed away due to heart attack on Saturday. He was 42 years old. Dr. Kaneko has been working as an assistant professor at the University of Tokyo, where he invented P2P file-sharing software Winny in 2003. In 2004, there were many file leak incidents at Japanese companies which may have been caused by people using the software. He was previously arrested under the suspicion of abetting copyright disputes despite the fact that he just invented the software. In 2011, the Japanese supreme court finally judged that he was not guilty. He recently co-founded Skeed, which focuses on developing P2P-based content delivery technology. His colleague recently pitched at ICT Spring 2013, an annual tech conference that took place in Luxembourg last month. Our thoughts are with his family and colleagues. Rest in peace.

ofc_kanekoTokyo-based distributed computing company Skeed announced [pdf] yesterday that the company’s founder and chief innovation officer Dr. Isamu Kaneko has passed away due to heart attack on Saturday. He was 42 years old.

Dr. Kaneko has been working as an assistant professor at the University of Tokyo, where he invented P2P file-sharing software Winny in 2003. In 2004, there were many file leak incidents at Japanese companies which may have been caused by people using the software. He was previously arrested under the suspicion of abetting copyright disputes despite the fact that he just invented the software. In 2011, the Japanese supreme court finally judged that he was not guilty.

He recently co-founded Skeed, which focuses on developing P2P-based content delivery technology. His colleague recently pitched at ICT Spring 2013, an annual tech conference that took place in Luxembourg last month.

Our thoughts are with his family and colleagues. Rest in peace.

Japanese mobile ad consultancy raises $1.6 million, plans global expansion

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Tokyo-based startup and mobile ad consultancy AdInnovation announced this week that it has raised 160 million yen (about $1.6 million) from DBJ Capital, SMBC Venture Capital, and Mitsubishi UFJ Capital [1]. The startup was launched back in 2010, and has been providing white-label ad performance tracking solutions to many Japanese mobile ad agencies.  For mobile app developers, typical mobile advertising (such as embedded banner ads) will encourage users to download your app and boost its App Store ranking. But this is not very effective in the long term, and your increase in downloads is typically not sustained beyond the campaign period. The company’s solution for app publishers is called Adstore Tracking, letting you view mobile ad metrics at a glance on a handy dashboard, with the ability to measure conversion rates of search ads, calculate cost-per-action, or analyze which promotional efforts were most effective. When I heard about this new funding, I reached out to the company’s CMO Ryoma Hosokawa and project manager Kazumi Hirooka to find out what they’ll do next. Before joining the team several months ago, Hirooka worked at Infocom Corporation where he launched the Japanese Android app portal ‘Tabroid‘. For app developers, typical ad tracking tools…

adinnovation_logoTokyo-based startup and mobile ad consultancy AdInnovation announced this week that it has raised 160 million yen (about $1.6 million) from DBJ Capital, SMBC Venture Capital, and Mitsubishi UFJ Capital [1].

The startup was launched back in 2010, and has been providing white-label ad performance tracking solutions to many Japanese mobile ad agencies.  For mobile app developers, typical mobile advertising (such as embedded banner ads) will encourage users to download your app and boost its App Store ranking. But this is not very effective in the long term, and your increase in downloads is typically not sustained beyond the campaign period.

The company’s solution for app publishers is called Adstore Tracking, letting you view mobile ad metrics at a glance on a handy dashboard, with the ability to measure conversion rates of search ads, calculate cost-per-action, or analyze which promotional efforts were most effective.

When I heard about this new funding, I reached out to the company’s CMO Ryoma Hosokawa and project manager Kazumi Hirooka to find out what they’ll do next. Before joining the team several months ago, Hirooka worked at Infocom Corporation where he launched the Japanese Android app portal ‘Tabroid‘.

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From the left: CMO Ryoma Hosokawa and project manager Kazumi Hirooka

For app developers, typical ad tracking tools let you find out ROI, but AdInnovation is currently developing solutions that gives you a wider view of how your mobile app is doing. Hosokawa explains:

Such tools are typically designed for marketing people. And they might be satisfied with seeing the results of their promotional efforts. But that’s different from reaching success with your app. We plan to develop a tool that can help you analyze all aspects of the app. It will be probably for executives or producers rather than marketing people.

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According to the pair, many Western app publishers are very curious about how Japanese app developers are increasing conversion rates, because they know that their strategies are well thought out. So they plan to bring this tool to the overseas market as well.

These days there are many players in the ad-tech space, such as RTB (real-time bidding) or DSP (demand-side platform) providers. but we’ve seen few solutions that measure ad performance or improve the profitability of mobile apps. They add:

We’re thinking to start our global expansion with Europe. That region has bigger markets than the US in terms of console game sales, so there’s great potential there. In Asia (not including Japan and Korea), consumers are not yet accustomed to paying for mobile apps, so I assume mobile app developers in the region are not ready to pay to improve their profitability. We’ll start in Europe, and move on to the rest of the world, including Asia, later on.

It will be interesting to see if they will evolve the mobile app market in Europe. AdInnovation is currently hiring new talent who can work on the global expansion project. If you are interested in joining the team, don’t hesitate to contact Mr. Hirooka.

Also operating in this space is Seattle-based startup HasOffers which secured a $9.4 million funding from Accel Partners back in May.


  1. DBJ Capital is the investment arm of Development Bank of Japan. The bank is a 100% government-owned financial institution and one of the largest players in corporate loans and private equity investments in Japan. SMBC Venture Capital is the investment arm of Sumitomo Mitsui Banking Corporation. And Mitsubishi UFJ Capital is the investment arm of Mitsubishi UFJ Financial Group.

Japanese startup Fluxflex launches easy-to-install card payment solution

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Led by Japanese serial entrepreneur Kei Kubo, FluxFlex is a startup working out of PariSoma, a notable co-working space in San Francisco. It recently announced the launch of WebPay, an easy-to-install, freemium card payment solution for Japanese e-commerce companies. The service was previously made available last April to a limited number of developers for testing purposes. Compared to conventional solutions, the WebPay service is not difficult to install, and its API is compatible with Stripe, a leading payment processor in the US. Because cross-border transactions are not permitted under international card transaction rules, WebPay aspires to fill card transaction needs for web payment services in the Japanese market. In order to give developers an easy-to-install interface for payments, the startup has partnered with GMO Payment Gateway, one of the oldest and biggest payment processing companies in Japan. Upon its official launch, the company also received an undisclosed amount of funding from CyberAgent Ventures, Architype, and GMO Payment Gateway. In terms of use cases, Japanese startups such as accounting SaaS Freee and subscription-based Japanese sake delivery service Sakelife are using Fluxflex’s solution to fulfill their payment needs.

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Led by Japanese serial entrepreneur Kei Kubo, FluxFlex is a startup working out of PariSoma, a notable co-working space in San Francisco. It recently announced the launch of WebPay, an easy-to-install, freemium card payment solution for Japanese e-commerce companies. The service was previously made available last April to a limited number of developers for testing purposes.

Compared to conventional solutions, the WebPay service is not difficult to install, and its API is compatible with Stripe, a leading payment processor in the US. Because cross-border transactions are not permitted under international card transaction rules, WebPay aspires to fill card transaction needs for web payment services in the Japanese market.

In order to give developers an easy-to-install interface for payments, the startup has partnered with GMO Payment Gateway, one of the oldest and biggest payment processing companies in Japan. Upon its official launch, the company also received an undisclosed amount of funding from CyberAgent Ventures, Architype, and GMO Payment Gateway.

In terms of use cases, Japanese startups such as accounting SaaS Freee and subscription-based Japanese sake delivery service Sakelife are using Fluxflex’s solution to fulfill their payment needs.

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Image credit: Stock photo

Book discovery service raises $200,000 from Japanese investors

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Booklap is a handy service that helps you find good books. It was created by Tokyo-based startup Prosbee, which announced today that it has raised 20 million yen ($200,000) from Incubate Fund, Voyage Ventures, and Genuine Startups [1]. This follows the previous funding of 3 million yen (about $32,000) from Incubate Fund last July. The service has two ways to help you discover new books: The first method is based on your interests, pulled from ‘social graphs’ like your Facebook profile. The other way is by presenting quotes from books that impressed other users. Since its beta launch back in June of 2012, they have built up a decent userbase, with recent changes to their interface, adding features intended to boost growth. CEO Reo Kasai explains: We reflected back on our original goal, when our mission was to visualize the impressions of book readers. We created a UX map and a detailed profile of how a typical user behaves, and considered which parts needed to be modified or refined. As a result, a featured image behind an overlaying quote is now on the book recommendation page. The image is referenced from the book publisher’s website using Bing image search API. They…

booklap_featuredimage

Booklap is a handy service that helps you find good books. It was created by Tokyo-based startup Prosbee, which announced today that it has raised 20 million yen ($200,000) from Incubate Fund, Voyage Ventures, and Genuine Startups [1]. This follows the previous funding of 3 million yen (about $32,000) from Incubate Fund last July.

The service has two ways to help you discover new books: The first method is based on your interests, pulled from ‘social graphs’ like your Facebook profile. The other way is by presenting quotes from books that impressed other users. Since its beta launch back in June of 2012, they have built up a decent userbase, with recent changes to their interface, adding features intended to boost growth. CEO Reo Kasai explains:

We reflected back on our original goal, when our mission was to visualize the impressions of book readers. We created a UX map and a detailed profile of how a typical user behaves, and considered which parts needed to be modified or refined.

As a result, a featured image behind an overlaying quote is now on the book recommendation page. The image is referenced from the book publisher’s website using Bing image search API.

They also added a feature that allows users to organize a reading circle, with a discussion around a specific book. You can designate a start and finish date to let participating users to know when to read the book, and subsequently they’ll be able to organize a virtual meet-up online to talk about their impressions.

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The company is currently preparing to release two mobile apps. One is the Booklap Camera app (for iOS only), which has an OCR feature and helps users to scan a memorable quote and post it to Booklap. The other one is the Booklap mobile app (for Android and iOS), which gives you an easier access to the service and helps you share your reading experience without the need to be seated in front of a PC.

Their revenue streams are still limited, with banner and affiliates ads driving user traffic to sites where books can be purchased. But the company is focusing on user acquisition first, and will explore global business expansion later on.


  1. Genuine Startups is an investment fund spun off from Tokyo-based startup incubator Movida Japan. ↩

CyberAgent Ventures now accepting startups to pitch at Rising Expo 2013

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Japanese VC firm CyberAgent Ventures announced on Monday that it would hold this year’s edition of the Rising Expo, the company’s annual startup conference, on September 6th. At last year’s edition, 51 other VC firms and 21 companies were invited to attend conference, where a number of outstanding startups and entrepreneurs pitched their ideas to the crowd. Smartphone-based credit card payment provider Coiney won the top prize of 2 million yen (about $20,000), and the startup subsequently raised 100 million yen ($1 million) from CyberAgent Ventures, East Ventures, and an individual angel investor. CyberAgent Ventures just started accepting applications for those who want to pitch at this year’s event. Applicants must meet the criteria listed below: Your business must be IT- or internet-related. Your service is already live, and has acquired some userbase or revenue. You should be exploring funding worth more than 100 million yen ($1 million) There will be preliminary screening process prior to the event. Applying companies do not need to be registered in Japan. As many of our readers may know, CyberAgent Ventures has many offices and representatives all around Asia, so that if you have an idea that you want to develop in the region,…

risingexpo2013

Japanese VC firm CyberAgent Ventures announced on Monday that it would hold this year’s edition of the Rising Expo, the company’s annual startup conference, on September 6th.

At last year’s edition, 51 other VC firms and 21 companies were invited to attend conference, where a number of outstanding startups and entrepreneurs pitched their ideas to the crowd. Smartphone-based credit card payment provider Coiney won the top prize of 2 million yen (about $20,000), and the startup subsequently raised 100 million yen ($1 million) from CyberAgent Ventures, East Ventures, and an individual angel investor.

CyberAgent Ventures just started accepting applications for those who want to pitch at this year’s event. Applicants must meet the criteria listed below:

  1. Your business must be IT- or internet-related.
  2. Your service is already live, and has acquired some userbase or revenue.
  3. You should be exploring funding worth more than 100 million yen ($1 million)

There will be preliminary screening process prior to the event. Applying companies do not need to be registered in Japan.

As many of our readers may know, CyberAgent Ventures has many offices and representatives all around Asia, so that if you have an idea that you want to develop in the region, they are one of the best teams that you could work with.

If you’re interested, you can apply here. The deadline is July 29th at 11am, Japan Standard Time.