Japanese VCs invest $4m in social retail app developer
Mitsubishi UFJ Capital and DBJ Capital have joined existing investors DCM Japan, Itochu Technology Ventures and Jafco Ventures, in a JPY400 million ($3.8 million) round of funding for Tokyo-based Tab, the start-up behind the location-based retail recommendation app of the same name.
Originally founded in 2008 as Tonchidot, Tab provides a web service and accompanying smartphone app whereby users can collate a virtual scrapbook of places they would like to visit - and products they...
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