The round, which was joined by Globis Capital Partners Dentsu and D.A.Consortium (Hakuhodo DY Group), is expected to close in December, according to an announcement.
The financing brings SmartNews’s total funding to $182 million to date at a $1.2 billion valuation.
SmartNews claims to have more than 40 million users worldwide and a partnership with over 400 US publishers.
Proceeds from the latest funding round will be used to expand its global engineering teams for mobile, backend and machine learning development.
“The close of our newest funding round represents an important milestone for SmartNews,” said Ken Suzuki, Co-Founder and CEO of SmartNews.
“Our investment partners have recognized the value that we provide to our readers and the media ecosystem we help support. Together, we will continue to provide quality information to those who need it, both in the US and worldwide,” he added.
Japan Post Capital, a fund managed by the country’s national mail conglomerate, led a previous $28 million investment in SmartNews in August.