July 7, 2023

KDDI Corporation

On July 7, 2023, 2023, KDDI invested in Light Inc. (Headquarters: 9-6-29 Akasaka, Minato-ku, Tokyo; CEO: Yasuyuki Kin; hereinafter: "Light"), the operator of the "palmu" next-generation live streaming platform utilizing Web 3.0 technology, through KDDI Open Innovation Fund III (operated by Global Brain Corporation; hereinafter "KOIF III"), which aims to incubate new business co-creations with promising venture startups.

By providing the "palmu" next-generation live streaming app, Light is offering a place where future stars are produced by users and promoting enthusiastic community building. In addition, "palmu" is also challenging the Web 3.0 domain by incorporating its own palmu points and tokens (crypto assets) with the goal of providing new experiences to users.

Through this investment, KDDI will support the business growth of Light with its stated vision of "building a world that co-creates future stars." The KDDI Group aims to realize a platform which can grant economic incentives and tokens with project governance rights to users and other project contributors by supporting Light in challenging the Web 3.0 domain.

As "the company that customers feel closest to," KDDI will continue to promote business co-creation through investment in promising startup companies, and create new business models together with customers and partners.

(Reference)

• ■"palmu" live streaming app where everyone is a star

  "palmu" is a live streaming app operated by Light which started offering services in July 2022. Going forward, the company aims to build a Web 3.0 type of live streaming platform which utilizes palmu points and PLM tokens.

  

  palmu Mobile (in Japanese only)

• ■Overview of Light Inc.

  • (1)

    Company name: Light Inc.

  • (2)

    Headquarters: Minato-ku, Tokyo

  • (3)

    Date founded: April 28, 2020

  • (4)

    Business activities: operation of the "palmu" live streaming app

  • (5)

    Representative: Yasuyuki Kin

  • (6)

    • URL:

      https://light-inc.com/ (in Japanese only)

• ■About KDDI Open Innovation Fund

  KDDI Open Innovation Fund is a corporate venture fund that supports a broad range of venture companies. The currently active KDDI Open Innovation Fund III focuses on the areas of AI, IoT, data marketing, fintech, B2B SaaS, and entertainment with a total operating fund of 20 billion yen.

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