5Rocks, Inc., a portfolio company of KDDI Open Innovation Fund, announced a merger transaction with Tapjoy, Inc.
August 6, 2014
On August 6, 2014, 5Rocks, Inc. (hereinafter referred to as 5Rocks: Headquarters: Seoul, Korea; CEO: Changsu Lee, CSO: Chester Roh), a portfolio company of KDDI Open Innovation Fund, announced that 5Rocks closed a merger transaction with Tapjoy, Inc. (hereinafter referred to as Tapjoy, Headquarters: San Francisco, USA; CEO: Steve Wadsworth).
KDDI Open Innovation Fund has provided 5Rocks with a wide variety of support, including assistance of 5Rocks advance into Japan, strategic capital tie-ups, and planning of global growth strategies that aim at future business expansion.
KDDI Open Innovation Fund, a corporate venture fund that was established by KDDI CORPORATION (Headquarters: Chiyoda-ku, Tokyo; President: Takashi Tanaka), is operated by Global Brain Corporation (Headquarters: Minato-ku, Tokyo; President and CEO: Yasuhiko Yurimoto), which has a proven track record as venture capital.
KDDI Open Innovation Fund continues its assistance by utilizing relations with major domestic and foreign companies so that Tapjoy and 5Rocks can progress further.
For details on this announcement, please click the link below.
Overview of KDDI Open Innovation Fund
| Name | KDDI Open Innovation Fund |
|---|---|
| Investment target | IT start-up companies in Japan and overseas countries |
| Fund size | 5 billion yen |
| Operator | Global Brain Corporation |
About Tapjoy
| Date established | September 2010 |
|---|---|
| Representative | Steve Wadsworth (CEO) |
| URL |  http://home.tapjoy.com/
|
| Offices | New York, Los Angeles, Chicago, Santa Barbara, Atlanta Boston, Paris, Dusseldorf, London, Tokyo, Beijing, Shanghai, Seoul |
| Business | Development and provision of affiliate marketing platforms for mobile apps |
About 5Rocks
| Date established | September 2010 |
|---|---|
| Representative | Changsu Lee (CEO), Chester Roh (CSO) |
| Office | Seoul, Korea |
| URL | http://www.5rocks.io/
|
| Business | Planning, development, and sales of analysis and management tools for native mobile games Provision of consulting services to mobile game companies regarding optimum data design and analysis |
Overview of Global Brain Corporation
| Date established | January 14, 1998 |
|---|---|
| Address | Nisshin Aoyama Bld. 9th Floor, 3-2-4 Kita Aoyama, Minato-ku, Tokyo, Japan, 107-0061 |
| Representative | Yasuhiko Yurimoto (President and CEO) |
| Business | Venture Capital |
| URL | http://www.globalbrains.co.jp/
|
