Category: Business

Chinese investment firm CMC Capital backs Shanghai-based @Comm Corp

Chinese investment firm China Media Capital (CMC) has invested an undisclosed amount in @Comm Corporation, a Shanghai-based company which provides analysis and reporting solutions.

“The investment in @Comm is designed to help consolidate marketing and monetisation efforts for nearly 50 CMC portfolio companies spread across the film, television, sports, entertainment and Internet content sectors,” said Li Ruigang, the chairman of CMC Capital in a press conference held in Beijing.

Focused on the media and culture sector, the investment firm has prior to this led an angel round in China’s Haiqiu Technology, a sports content startup founded by Chinese football celebrity Sun Jihai.

Its other investments portfolios also include online content producer Yitiao, Hollywood production firm Imagine Entertainment, Chinese financial news website and mobile app WallStreetCn.com, entertainment company Yuehua Entertainment, mobile data service Juhe.cn, and internet company Cubee Technology.

Founded in 1999, @Comm provides comprehensive call accounting and reporting capability to small, mid-sized as well as large enterprises, including Avaya, Cisco, Mitel, NEC, ShoreTel and other telephone systems that enable business and IT managers to improve productivity, increase security and control costs related to their IP and voice infrastructure.

Besides, the company also provides marketing communication strategic counsel and content integration services for companies such as HSBC, Wyeth, and Gillette. Its services includes content integrated marketing, digital marketing, social media marketing, e-commerce, and tradition public relations.

The products provided by @Comm also helps IT specialists, business managers, and corporate executives through providing in-depth insights into how their PBX networks are actually used. These products also help managers detect fraud and telephone abuse while creating audit trails for telephone-related security threats.

“We are a long-term investor and operator hoping to bring positive changes to the industry,” said Mr. Li, who formerly served 10 years as president of the Shanghai Media Group. “We will focus on creating more top quality content and influencers, consolidate our existing assets to realize long-term growth.”

By Vivian Foo, Unicorn Media

Japanese investment firm NSSK sets up US$300 million second investment fund – NSSK II

Tokyo-based NSSK, who calls itself a new source of strength for Japan’s regional economy, has raised US$300 million for its secund fund NSSK II (Intl) Investment, according to a report in Private Equity International citing sources.

While the first NSSK fund was entirely raised from Japanese investors, this second investment vehicle has instead received commitments from North American and European investors, as well as new Japanese LPs.

The fund however, is still primarily yen-denominated, and has a target size of 63 billion yen (US$539 million) according to a SEC filing in September 2016. The new fund will be used to back retail, consumer, healthcare and hospitality companies in Japan, supporting them for global expansion.

NSSK, which is short for Nippon Sangyo Suishin Kiko is an alternative-investment firm led by the former private equity company TPG Capital’s Japan head – Jun Tsusaka, who now plays the role of Managing Partner and Chief Executive Officer at NSSK.

Other founders of the firm also include Kaz Tokuyama, a former Merrill Lynch Japan Securities Co. banker, and Nobuhiko Ito, who was previously the CEO of General Electric Co.’s Japan operations.

Founded in September 2014, NSSK focuses on proprietary investments in regionally-focused firms and private companies with succession issues. Its investment strategy is to generate superior returns by applying global investment discipline, operating expertise and human capital to the attractive SME market in Japan.

The investment firm had its first investment in December 2014 when it agreed to pay an undisclosed sum for 70 percent of Mie-prefecture based US.Mart Corporation, a developer of amusement facilities.

Recently, the investment firm has acquired SC Holdings Co Ltd, a leading operator of nursing homes and assisted-living facilities for seniors with a primary presence in the Greater Kanto area of Japan.

By Vivian Foo, Unicorn Media

Beijing-based EasyStack secures US$50 million series C funding led by Cash Capital

EasyStack, one of the leading open source cloud enterprise cloud platform and services provider in China, has announced on Wednesday, that the company has closed a US$50 million Series C funding round led by Beijing-based Cash Capital Investment Management Co, Ltd., an investment arm of the Chinese Academy of Science Holdings.

Other investors also include a number of unnamed RMB funds, which has brought the company’s total venture fundraising to US$68 million, in addition to setting a new record for a single round funding in the open source field in China.

“Improving China’s self-developed cloud computing capabilities is an important part of China’s 13th Five-Year Plan,” said Chen Hongwu, a partner at CASH Capital. “EasyStack has the best team with robust technology expertise, and the company has established a leading position in China’s open source enterprise services market.”

Founded in February 2014 by the core team of IBM China R&D Center, EasyStack is the leading cloud platform and service provider in Asia-Pacific, providing cloud computing services that is open, controllable, stable, and reliable with high performance based on OpenStack for over 100 enterprise clients including China Mobile, China UnionPay, and Lenovo Group Ltd.

“China is one of the most active areas for OpenStack, and many Chinese companies including EasyStack are making great contributions to the community. The Series C investment is a big milestone for EasyStack, and I believe OpenStack will grow fast with the support of successful OpenStack companies and users,” said Jonathan Bryce, the executive director of OpenStack foundation.

Besides, EasyStack adheres to the concept of open cloud computing and contributes to the development of the community. In its newly released Newton Version of the OpenStack, EasyStack takes the lead in China as well as being the eighth in the world in terms of tc-approved commits.

“The core competitiveness of the cloud computing service provider is demonstrated in the R&D capacity of the basic technologies based on the accumulation of the service and implementation experience of the enterprises and the establishment of the threshold of the leading enterprise clients of a certain industry,” said Xilun Chen, the founder and CEO of EasyStack.

Hence, with this new round of financing, EasyStack plans to continue improving its technology and operation, through primarily focusing on the research and development of core open source technologies, eco-investment of the open source cloud enterprises solution, and team building of the enterprise cloud services.

Besides, the firm also looks to expand its market scale in the OpenStack field, continuously enhancing its capacity to offer comprehensive services, improve its advantages in technologies and the operation cost so as to build an open source cloud platform featuring stability, security, high efficiency and controllability for enterprise users.

Prior to this, the company had raised US$2 million in a series A round from Blue Run Ventures in 2014, while in 2015, EasyStack has managed to secure US$16 million in its series B round.

By Vivian Foo, Unicorn Media

Mobile app management platform Hansel.io raises US$1.35 million round led by IDG Ventures

Mobile application management platform, Hansel.io, has secured US$1.35 million in a funding round led by IDG Ventures with participation from existing backer Endiya Partners, the company said in a statement on Wednesday.

“What made us excited about Hansel.io was the ease with which the product can help mobile developers solve major production issues at runtime. At a time when customer acquisition and retention costs continue to skyrocket, a product like Hansel.io comes as a big boon for a great end-user experience,” Venkatesh Peddi, the Executive Director at IDG Ventures said.

With the latest proceeds, the Bengaluru-based firm will use the funds for team expansion, product development, and growth in overseas markets – that is specifically the expansion of the company presence in the North American market.

This round follows Hansel.io seed funding in February 2016 from Endiya Partners, Tracxn Labs, along with a group of angel investors including Rajesh Sawhney and Mekin Maheshwari.

“With this round of funding, the focus will be to go global, go cross-platform, and help mobile developers be as responsive to their end users as possible,” the co-founder and CEO Varun Ramamurthy explains.

Founded in 2015 by former Flipkart employees – Varun Ramamurthy, Parminder Singh, and Mudit Maur, Hansel Software Pvt. Ltd. develops crash analytics for mobile applications, offering a developer-friendly toolkit that helps them to diagnose, resolve and communicate customer issues on their application.

In other words, Hansel.io allows mobile developers to fix bugs, update configurations, edit user interfaces, and manage security policies of mobile apps at runtime. The platform is currently available on both Android and iOS.

“Despite the abundance of use cases the product provides for, for the developer, it is a simple configure-and-deploy product, where companies can go live in less than 15 minutes. We have built the product to be as intuitive and effortless to use as possible,” said Parminder Singh, one of the co-founders of Hansel.

Hansel.io can help developers start managing their live apps at runtime, with just a five-minute integration process and no code change required, developers can start managing their live apps at runtime using Hansel.

The company claims that it currently has an installed app count of more than 140 million across client such as redBus.in, Toppr, nearbuy, Voonik and ShopX among others. The firm also claims that it has impacted nearly 20 million devices, helping the users by fixing a bug, changing the UI or security permissions.

By Vivian Foo, Unicorn Media

Japan’s healthcare startup Cykinso secures US$2.3 million investment to provide intestinal health advice

Tokyo-based Cykinso, which develops and sells Mykinso – a test kit for intestinal flora, has announced that it has secured 270 million yen (about US$2.3 million) from the Regional Health Care Industry Support Fund and other investors in its seed round.

The GP for the Regional Health Care Industry Support Fund are REVIC Capital and AGS Consulting under the jurisdiction of the Regional Economic Revitalization Support Organization, with banks being the funds’ limited partners (LPs).

This fund follows an earlier round of angel funding from individual investors and grants secured from numerous government agencies such as the Ministry of Economy, Trade, and Industry’s “Project to Encourage the Creation of SMEs and New Business” as well as a grant from Kanagawa Prefecture for the “Project to Promote the Creation of the Preventive Medicine market”.

Despite being grants, Cykinso has, in terms of business stages, labeled the proceeds received as their seed round, making their most recent funding essentially a series A round.

According to Cykinso. these latest proceeds will be used to finance business development, including using the data collected from the intestinal flora tests to develop a system for offering nutritional guidance. This platform will focus on gut microbiomes is unique, given the crucial role and impact it has on an individuals’ health.

Founded in November 2014 by CEO Yu Sawai, who has previously worked at a genome research company, the venture is conducting joint research with RIKEN Innovation Center’s Benno Laboratory and Osaka University’s Research Institute for Microbial Diseases’ Department of Infectious Metagenomics.

In August 2015, the Japanese startup was accredited as a RIKEN Certified Venture. Three months later, the firm released “Mykinso” – a home-testing kit for intestinal flora which allows people to test the state of their intestinal bacteria (i.e. gut biome).

Following this, there is also the release of “Mykinso Pro” for the professional market which enables medical institutions and clinics to register patient examination data and manage specimens. Data provided will be presented to the user or the user’s doctor in the form of a cloud or paper report.

The company claims that it has collected intestinal flora data from around 2000 people through both services, receiving permission from users beforehand and the assurance that users will remain anonymous. Depending on the scale of the accumulated data regarding intestinal floral, the services to be offered and the business stage will be adjusted accordingly.

In October 2016, Cykinso has along with dispensing pharmacy big name Aisei Pharmacy (TSE:3170) and leading mobile service provider MTI (TSE:9438) held an event called “Intestinal Summit” to promote awareness among general consumers about intestinal flora and services.

Additionally, this week the Japanese startup will move offices from the Kanagawa Science Park, where they have resided for the two years since inception, to the Good Morning Building in Shibuya, Tokyo. For Cykinso this signifies its transformation from a purely academic venture into the business domain.

By Vivian Foo, Unicorn Media

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