SmartNews Raises $38M Series D Funding

Our latest funding round was led by Development Bank of Japan, followed by SMBC Venture Capital and Japan Co-Invest L.P. (managed by Sumitomo Mitsui Trust Investment). The new funds will be used to accelerate growth, hiring and business development, and to expand research and development of our machine learning technology for news discovery.

The past year has shown amazing growth:

• More than 18 million people have downloaded SmartNews worldwide
• More than 150 publishers in the U.S. have partnered with us.
• More than 4 hours spent each month by users on SmartNews in the U.S.—that’s more than any other news app!

For more details, see the full press release here.