The Japanese startup plans to use the latest funds to strengthen its position as a marketing tool to help businesses expand globally
The company announced that it has fundraised $1.1 million from Opt Ventures and Nissay Capital. Opt Ventures is the investment arm of Japan’s largest online ad agency Opt while Nissay Capital is that of Japan’s leading insurance company Nissay, or Nippon Life Insurance Company.
In a previous interview, the company said WOVN.io earns 90% of its revenue stream from their enterprise plan users. They plan to use the latest funds to strengthen their position as a marketing tool to help businesses expand globally. WOVN++, the SEO-enabled library launched in late July in beta, is also part of the strategy.
Thanks to the 2020 Tokyo Olympics effect, there are now more websites available in English. I expect that WOVN.io will accelerate this trend and help make more content from Japan available to the global audience.
This post was originally published on The Bridge.
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