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Corporation
INTERNET | E-Commerce / Music, Video, Books & Entertainment
kakaopiccoma.com

Investments

2

Portfolio Exits

1

Partners & Customers

1

About Kakao Piccoma

Kakao Piccoma is an operator of an electronic manga novel service. Kakao Piccoma was founded in 2011 and is based in Tokyo, Japan. It operates as a subsidiary of Kakao.

Headquarters Location

7 Chome-7-7 Roppongi, Minato City

Tokyo, 106-0032,

Japan

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Latest Kakao Piccoma News

Kakao Piccoma tops in Japanese app market sales in H1 2023

Jul 21, 2023

Kakao Piccoma tops in Japanese app market sales in H1 2023 With over 50% of the Japanese webtoon app market share, it has secured the No. 1 in global webtoon apps since July 2021 By Kakao Piccoma, a Japanese subsidiary of Kakao Japan Corp. and the global leading webtoon platform achieved the top position in the first half of 2023 for the most consumer spending among apps in Japan. According to the data analysis company data.ai on Friday, Piccoma rose to first place in Japan and 15th globally (excluding game apps) in the overall mobile app market consumer spending rankings for the first half of the year. Continuing its success, Piccoma also secured the top spot in the monthly consumer spending rankings for all app categories (including games) in Japan from April to June this year. Among the top-five apps with significant consumer spending in Japan, excluding games, Piccoma stands as the only non-gaming app. As a single app, Piccoma holds over 50% of the webtoon app market share in Japan and has maintained its position as the top global webtoon app since Jul. 2021 until now. It has been praised for creating and establishing an environment where digital comics are enjoyed like a snack culture. A significant growth factor for Piccoma is its work-first policy, prioritizing the content it offers. The platform aims to establish a more detailed connection with its users among the 120,000-plus works it provides, fostering an environment where users can discover new preferences and works. Furthermore, the platform builds and analyzes data specific to each work and applies the results to enhance user satisfaction. Heading into the second half of the year, Piccoma plans to continue expanding its content library to cater to the diverse preferences and needs of its users. It is actively engaging in discussions to strengthen partnerships and continuously striving to improve services to broaden users' choices in enjoying works. Kakao Piccoma launched Piccoma in Japan in April 2016, providing webtoons and novels from Japan, South Korea, China, the United States, and other countries through its app and website. In March 2022, it launched Piccoma France. "The reason Piccoma continues to be loved by many users is that it allows them to enjoy entertaining works anytime, anywhere," a Piccoma source said. "We will continue to provide enjoyable works and a convenient user environment, connecting more works and people to ensure users' enjoyment. "  Write to Ju-Hyun Lee at 2juhyun@hankyung.com 2 Min read 2 Min read 2 Min read 3 Min read

Kakao Piccoma Investments

2 Investments

Kakao Piccoma has made 2 investments. Their latest investment was in Minto as part of their Series A on May 5, 2022.

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Kakao Piccoma Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Series A

Minto

$5.06M

Yes

1

4/1/2022

Corporate Minority - II

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10

Date

5/10/2022

4/1/2022

Round

Series A

Corporate Minority - II

Company

Minto

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Amount

$5.06M

New?

Yes

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Co-Investors

Sources

1

10

Kakao Piccoma Portfolio Exits

1 Portfolio Exit

Kakao Piccoma has 1 portfolio exit. Their latest portfolio exit was Sakura Exchange Bitcoin on November 30, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/30/2022

Divestiture

$99M

21

Date

11/30/2022

Exit

Divestiture

Companies

Valuation

$99M

Acquirer

Sources

21

Kakao Piccoma Acquisitions

2 Acquisitions

Kakao Piccoma acquired 2 companies. Their latest acquisition was Voithru on January 16, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/16/2023

Series B

$99M

$7.5M

Corporate Majority

4

4/5/2022

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$99M

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10

Date

1/16/2023

4/5/2022

Investment Stage

Series B

Companies

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Valuation

$99M

$99M

Total Funding

$7.5M

Note

Corporate Majority

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Sources

4

10

Kakao Piccoma Partners & Customers

1 Partners and customers

Kakao Piccoma has 1 strategic partners and customers. Kakao Piccoma recently partnered with Minto on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/9/2022

Partner

Japan

Minto secures $5M+; partners with Kakao Piccoma to boost web3, webtoon businesses

Minto started collaboratingwith Kakao Piccoma five years ago to distribute Minto 's stickers on theKakaoTalk messaging app , which later led to the great success of Minto 's characters in Korea .

1

Date

5/9/2022

Type

Partner

Business Partner

Country

Japan

News Snippet

Minto secures $5M+; partners with Kakao Piccoma to boost web3, webtoon businesses

Minto started collaboratingwith Kakao Piccoma five years ago to distribute Minto 's stickers on theKakaoTalk messaging app , which later led to the great success of Minto 's characters in Korea .

Sources

1

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D
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