Brief: Japanese software firm gets $6.3m funding to enter Europe

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Photo credit: Flickr.

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Monstar Lab is a Japanese software development firm, specializing in mobile and web application development. The company yesterday announced it has received a US$6.3 million investment to fund its global expansion into European and North American markets.

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Competitors: Corona Labs, Appcelerator, Xamarin, Adobe PhoneGap, Telerik, Accedo, you.i.TV, Zudy

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How it compares to competitors: The company has a sprawling network in Asia, with over 800 employees in nine countries, including Japan, Singapore, China, Philippines, Vietnam, and Bangladesh. This means it can offer clients a dedicated development team in their most suitable location.

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Traction: Monstar Lab claims to have worked with over 500 clients over the course of 10 years. Just last week, they announced a major investment and partnership with Nodes Group, a leading Danish mobile application developer, as a part of their Europe expansion plan.

nFunding detailsn

Amount raised: US$6.3 million
Funding stage: Undisclosed
Investors: YJ Capital, Shinsei Corporate Investment, San-In-Chuo Television Broadcasting, Fenox Venture Capital, Tanabe Corporation
Investment type: Equity
Purpose: Market expansion to North America and Europe
Total disclosed funding to date: US$13.2 million