Japan-based news aggregator Gunosy has closed a $12m investment round with investment from telecommunications company KDDI, Bloomberg reported on Monday.
Other investors in the round include investment firm Jafco and B Dash Ventures, the venture capital partnership formed by several Japanese corporates.
B Dash and KDDI provided an additional $12m for Gunosy in March, after B Dash had invested $300,000 in Gunosy’s February 2013 seed round.
The March funding was mainly used to pay for a TV commercial to advertise the company’s smartphone app, which aggregates news from multiple sources. It has just released the app to the US and UK markets.