Gunosy, a Japan-based media aggregation app developer backed by investors including telecommunications firm KDDI, has filed for an initial public offering in Japan, The Bridge reported today.
The company does not intend to set the range for the IPO until April 8, but sources told Bloomberg yesterday the offering is set to value Gunosy at about ¥40bn ($335m).
Incorporated in 2012, Gunosy operates a media app that curates news, comics and video content from more than 50 providers, and plans to add travel and reservation services to it using the IPO proceeds according to Bloomberg.
The company raised $12m in series B funding in June 2014 from KDDI, B Dash Ventures, which acts as a venture partnership between several Japan-based technology and finance firms, and investment firm Jafco.
Gunosy had previously raised $300,000 in seed funding from B Dash in 2013, before closing $12m series A round backed by KDDI and B Dash in March last year.