Investments
2Portfolio Exits
1Partners & Customers
1Latest Kakao Piccoma News
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.

Kakao Piccoma Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/10/2022 | Series A | Minto | $5.06M | Yes | 1 | |
4/1/2022 | Corporate Minority - II |
Date | 5/10/2022 | 4/1/2022 |
---|---|---|
Round | Series A | Corporate Minority - II |
Company | Minto | |
Amount | $5.06M | |
New? | Yes | |
Co-Investors | ||
Sources | 1 |
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 | 21 |
Date | 11/30/2022 |
---|---|
Exit | Divestiture |
Companies | |
Valuation | |
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 | $7.5M | Corporate Majority | 4 | ||
4/5/2022 |
Date | 1/16/2023 | 4/5/2022 |
---|---|---|
Investment Stage | Series B | |
Companies | ||
Valuation | ||
Total Funding | $7.5M | |
Note | Corporate Majority | |
Sources | 4 |
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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