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Lead Capital invests $2m in Japan's Talknote

  • Andrew Woodman
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Lead Capital Management has invested JPY200 million ($2 million) in Talknote, the Japanese start-up behind the corporate social networking platform of the same name. This is the second round of funding the company has received, following an undisclosed commitment from CyberAgent Ventures in March 2012.

Talknote is an internal corporate communication platform similar to that of Microsoft-owned Yammer. It was initially launched in February 2010 as an instant messaging tool for restaurants but the following year the company decided to broaden the platform.

According to a release, Talknote will use the extra capital to further develop the platform and expand its marketing efforts. The company also has plans to enhance its messaging feature to enable users to communicate with clients as well as colleagues.

Talknote now boasts around 10,000 user accounts, up from 5,530 in March. Notable Japanese companies that have already signed up to the service include telecoms giant KDDI, internet business Nexyz and AP Company, a food and agriculture conglomerate.

Unlike other social networking services, Talknote is not free - companies are charged a fee to use the platform within their business. Charges range from JPY380 a month for a basic package to JPY1980 for a premium service with added security and smart phone application support.

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