The company says the new funds will be used to invest in further U.S. and globally acknowledge the tremendous growth potential and value of SmartNews’s efforts to democratize access to information and create an ecosystem that benefits consumers, publishers and advertisers,” he added. “This latest round of funding further affirms the strength of our mission, and fuels our drive to expand our presence and launch features that specifically appeal to users and publishers in the United States,” said SmartNews co-founder and CEO Ken Suzuki. Japan is the largest market for installs, accounting for 59% of lifetime downloads, the firm noted. MAUs doubled over the last year.Īccording to data provided to us by Apptopia, the SmartNews app has seen around 85 million downloads since its October 2014 launch, and 14 million of those took place in the past 365 days. The company declined to share its monthly active users (MAUs), but had said in 2019 it had grown to 20 million in the U.S. Image Credits: App Annie data provided by SmartNews Currently, over 70% of all SmartNews’ pageviews are coming from SmartView first. Among SmartView partners are well-known brands like USA Today, ABC, HuffPost and others. The company promises publishers that these mobile-friendly stories, which are marked with a lightning bolt icon in the app, deliver higher engagement - and its algorithm rewards that type of content, bringing them more readers. Here, users can quickly load an article to read, even if they’re offline. This is the app’s quick-reading mode, an alternative to something like Google AMP. Over 75% of its publishing partners also take advantage of its “ SmartView” feature. To generate revenue, the company sells inline ads and video ads, where revenue is shared with publishers.
In total, SmartNews has relationships with more than 3,000 global publishing partners whose content is available through its service on the web and mobile devices. But SmartNews’ belief is that these news consumers still have a right to access quality information. The aggregator’s business model is largely focused on advertising, as the company has said before that 85-90% of Americans aren’t paying to subscribe to news. It also recently launched a hurricane tracker. These will roll out in the next few months and will include features for tracking wildfires and crime and safety reports. audience - one of its largest, in addition to Japan - that will focus on consumer health and safety. With the additional funds, the company says it plans to develop more features for its U.S. election dashboard, that provide critical information at a glance. It has also developed new products, like its COVID-19 vaccine dashboard and U.S. However, one of the app’s key differentiators is how it works to pop users’ “ filter bubbles” through its “News From All Sides” feature, which allows its users to access news from across a range of political perspectives. While the app’s content team includes former journalists, machine learning is used to pick which articles are shown to readers to personalize their experience. in 2014 and expanded its local news footprint early last year. Existing investors participating in this round included ACA Investments and SMBC Venture Capital.įounded in 2012 in Japan, the company launched to the U.S. investors Princeville Capital and Woodline Partners, as well as JIC Venture Growth Investments, Green Co-Invest Investment, and Yamauchi-No.10 Family Office in Japan. The round brings SmartNews’ total raise to date to over $400 million and values the business at $2 billion - or as the company touts in its press release, a “double unicorn.” (Ha!)
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LTD.SmartNews, a Tokyo-headquartered news aggregation website and app that’s grown in popularity despite hefty competition from built-in aggregators like Apple News, today announced it has closed on $230 million in Series F funding. The company UEN is 200502518C, registered with ACRA on. The company's paid-up capital is SGD 1,000. The Business's secondary activity is OTHER BUSINESS SUPPORT SERVICE ACTIVITIES (EG JUNKETS, ADMINISTRATION OF LOYALTY PROGRAMMES). The Business's principal activity is OTHER HOLDING COMPANIES. The Business current operating status is Live Company. The address of the Business's registered office is NUMBER ONE BUILDING, 1 UBI CRESCENT, Postal 408563, #01-01. The company was incorporated on, which is 17.5 years ago. is a Singapore PRIVATE COMPANY LIMITED BY SHARES.
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