Fuji Startup Ventures, the investment arm of Fuji TV, has led a Series A funding in Tokyo-based startup Spectee, reported The Bridge.
Japanese investment firm Mizuho Capital also participated in this round. However, the financial terms were not disclosed.
Spectee, formerly known as Euclid Lab, is a startup behind the platform offering news materials based on social media analytics.
It has just launched Newsdeck, a new service for gathering images and video clips from social media and offer copyright clearance for use by news agencies and broadcasters. Currently, more than 15 platforms in Japan have used the Newsdeck service as well as Fuji TV’s news department also tested Newsdeck and planned to adopt it with the online news department.
Spectee also plans to coordinate with the CBC Group, which is one of its back-up investors, to sell the Newsdeck service to broadcasters worldwide.
Fuji Startup Ventures has also invested an undisclosed amount in The Bridge in January. Earlier, it invested in Japan’s home design marketplace Suvaco in 2014 as well as social-commerce platform Monoco Inc and online restaurant vacancy checker Pocket Concierge in 2013.