Japanese online content marketplace raises $3 million from Jafco and Femto Growth Capital

▤ Summary

The fund is being jointly managed by the investment arm of Japan’s Shinsei Bank and notable Japanese CPA Tetsuya Isozaki. Cakes is an online marketplace where content authors can sell their articles to an audience. In partnership with notable magazine or comic publishing companies, the startup gathers popular content authors including best-selling novelists, scientists, famous bloggers, businessmen, photographers, and musicians. Our readers may recall back in February when GREE had launched a paid online magazine service called Magalry. They are having a tough time in the publishing industry, but it’s interesting to see if this kind of new publication platform can establish some solid growth.

$ Funding

▦ Linked Companies