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Uzabase

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Uzabase, Inc. is a business intelligence and media company, which provides both B2B and B2C services. The company was founded in April 2008 in Tokyo, Japan and went public in 2016. It is listed on the Tokyo Stock Exchange.[1] Their primary product and service, is a B2B financial information and corporate intelligence platform called “SPEEDA”.  On the consumer side, Uzabase is a 100% owner of NewsPicks, which launched in Japan in 2013 as one of the country’s first business media platforms to be optimized for mobile.[2] UZABASE is headquartered in Tokyo, and has operations globally, with offices in New York, Shanghai, Hong Kong, Singapore, and Sri Lanka.[3][4]

History[edit]

UZABASE was founded in 2008 by two former investment bankers Yusuke Umeda and Ryosuke Niino, as well as Yusuke Inagaki, a former systems consultant. Frustrated with the complexity and training required to use existing corporate intelligence and market information platforms, Yusuke U., Ryosuke, and Yusuke I. decided to build SPEEDA. The idea was to create a sleeker business intelligence platform, that is as intuitive as a consumer product, while providing the same depth of information as the legacy vendors[5]

In 2009, shortly after its launch, SPEEDA found product-market fit and reached profitability. In order to accelerate their growth, Uzabase raised a seed round from GMO Ventures Partners and other leading Japanese venture capital firms in that same year. As the company continued to grow, it raised more capital from outside investors.  In 2012, it received around US$2 million in investment from Globis Capital.[6] And two years later, the company announced that it has secured US$4.5 million from nine investors in a Series C fundraise. Leading this round of financing was Itochu Technology Ventures and accompanied by YJ Capital, Kodansha, SMBC Venture Capital, Mitsubishi UFJ Capital, and Shinsei Bank.[7]

With the B2B business running smoothly, Yusuke U. launched NewsPicks as a second, consumer facing product, in 2013.[8] NewsPicks is a business news discovery and commentary platform--where users can see experts (industry executives, entrepreneurs, professors, etc.) comment on the most important news of the day. These experts, called ProPickers, are the leaders of the community. NewsPicks is one of the few new media services that has succeeded in creating a fast growing, paid subscription service.[9][10]

In May 2017, NewsPicks established NewsPicks USA, in partnership with Dow Jones & Company to launch the service in the US market. In Dec 2017, NewsPicks released the app in the US with the first batch of ProPickers, including: Arianna Huffington, founder and CEO of Thrive Global, Richard Branson, founder of the Virgin Group, and Ian Bremmer, President of the Eurasia Group.[11][12][13] The product has taken off and NewsPicks USA announced that they surpassed 100,000 users only six months after launch.[14]

References[edit]

  1. "Uzabase Is Going IPO With US$177M Market Capital - Reuters". Retrieved 2018-06-28.
  2. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-06-28.
  3. "Bloomberg's Japanese Rival UZABASE Says Translation Volumes Set to Grow | Slator". Slator. 2017-08-21. Retrieved 2018-06-28.
  4. "仕事で空回りして"使えない人材"に… ユーザベース新野氏が悩めるビジネスパーソンにアドバイスを贈る". ログミー[o_O] (in 日本語). Retrieved 2018-06-28.
  5. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-06-28.
  6. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-06-28.
  7. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-06-28.
  8. "Uzabase Is Going IPO With US$177M Market Capital - Reuters". Retrieved 2018-06-28.
  9. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-06-28.
  10. "NewsPicksに「プロピッカー」--日々のコメントから新たに選ばれる可能性も". CNET Japan (in 日本語). 2015-03-10. Retrieved 2018-06-28.
  11. "The Dow Jones news app that lets Arianna Huffington & Richard Branson pick what you read". The Drum. Retrieved 2018-06-28.
  12. Company, Dow Jones &. "Dow Jones launches NewsPicks to revolutionize quality content curation". GlobeNewswire News Room. Retrieved 2018-06-28.
  13. "米国版NewsPicksが正式にリリース 世界のトップリーダーによるコメントでニュースを読み解く". MarkeZine (in 日本語). Retrieved 2018-06-28.
  14. "A Major NewsPicks Milestone". NewsPicks. 2018-06-14. Retrieved 2018-06-28.


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