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Aya Lin · · 1 min readIn brief: Japan’s SmartNews becomes a unicorn following $28m raise
- Japanese news discovery app SmartNews announced a new investment valuing the business at US$1.1 billion, Bloomberg reported.
- Japan Post Capital, a fund managed by the national mail conglomerate, led the US$28 million investment in the company.
- SmartNews, which has 200 employees, intends to hire more and invest further in the US, where it said the app’s audience is increasing sixfold annually.
- Ken Suzuki, a former researcher at the University of Tokyo, started SmartNews in 2012.
Editing by Charmaine de Lazo
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