KDDI Open Innovation Fund, Sunstone lead $10 mln funding in Issuu

The KDDI Open Innovation Fund, a Japanese telecom operator, and Sunstone Capital, have led a $10 million Series B funding in Issuu, a digital publication and content discovery platform. Issuu has raised $21.5 million since its founding in 2006.

Press Release

Issuu, the world’s fastest growing digital publishing and content discovery platform, has raised $10 million in series B funding from the KDDI open innovation fund, one of Japan’s largest telecom operators, and Sunstone Capital of Denmark (a current Issuu investor).

“Issuu supports the global publishing industry as it evolves, by building innovative products that are revolutionizing the concept of sharing and social discovery, while also providing publishers critical insight into reader behavior from our massive data set,” said Joe Hyrkin, CEO of Issuu. “ This investment will give us additional resources to continue to develop new and innovative solutions for publishers and brands.”

Last week the company released Clip, a new product that gives its readers the ability to discover, Clip and share any part of any of Issuu’s 17+ million publications to any social network. Building on this momentum, Issuu will use the additional financing to continue to expand its global base of publishers, develop innovative product features that continue to transform every aspect of publishing, and invest in great people.

”Sunstone continues to be impressed by the innovation and execution of the Issuu team. The launch of Clip reaffirms Issuu’s position at the forefront of the evolution of digital publishing. The publishing industry is going through massive transformation and Issuu is well positioned to be an important partner in this process.” – Christian Jepsen, Sunstone Capital.

The company has secured $21.5 million in funding since its founding in 2006.

About Issuu:

Delivering over 5 billion page views across 17 million magazines, catalogs and newspapers to over 80 million visitors each month, Issuu is the fastest-growing digital publishing platform in the world and is rapidly becoming the place readers go to discover new content and publishers use to find a worldwide audience.

With over ten thousand new publications added daily and an unparalleled breadth of content on virtually every topic, Issuu reaches readers on tablets, desktops, laptops and smartphones – with no subscription fees or monthly charges. Publishers can use the Issuu platform to upload visually rich content, and gain granular insight on reader characteristics, preferences, and access to new business models.

Issuu is relied upon by hundreds of thousands of publishers, including major news weeklies like Huffington magazine and retail brands, like JanSport, XO Group Inc.’s The Nest and The Bump, VICE, NASCAR, V Magazine, Bello, and Armani, to deliver a world of content including long-form magazines, luxury catalogues and stylish lookbooks that cover everything from fashion and parenting to gluten-free cooking. Issuu is headquartered in Palo Alto, California and is backed by Sunstone Capital.

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