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News
Published Date: 2015/09/15

Dentsu Inc. Ventures, a venture fund managed by Dentsu Inc., has invested in Nextbit, a U.S. company promoting cloud integration for smart devices.

On September 15, Dentsu Inc. Ventures 1 Global Fund (Dentsu Ventures), a corporate venture capital fund managed by Dentsu Inc., invested in Nextbit Systems Inc. (Nextbit), a company promoting cloud integration for smart devices through both software and hardware solutions.

Dentsu Ventures, established in April this year, aims to realize open innovation within the Dentsu Group through investments in ambitious startups creating unseen futures and collaboration with portfolio companies. It supports businesses and entrepreneurs not only through funding but also by providing solutions and resources unique to the Dentsu Group to address challenges. Nextbit is its third investment.

Nextbit developed the "Robin," a cloud-first smartphone that seamlessly syncs music, videos, apps, photos, and more to large-capacity cloud storage without user intervention. Robin launched its crowdfunding campaign on September 1 (US time) and garnered significant attention by raising well over its $500,000 goal within the first day. Nextbit aims to solve storage capacity issues for smart devices and advance mobile computing by providing innovative integrated software and hardware solutions.

( https://www.kickstarter.com/projects/nextbit/robin-the-smarter-smartphone )

As smart devices continue to diversify, the development and delivery of unprecedented user experiences leveraging integrated, real-time cross-device data synchronization are expected to become increasingly important. Dentsu Inc. Ventures anticipates that Nextbit's innovative technology will enable entirely new forms of cloud services for the IoT era in the future.

Nextbit and Dentsu Inc. Ventures overviews are as follows.

<Robin>

<Nextbit Overview>

Company Name: Nextbit Systems Inc

Headquarters: San Francisco, California, USA

Representative: Tom Moss (CEO)

Number of Employees: 23

Business Description: Development and sales of smart devices for the cloud era

URL: https://nextbit.com/

<OVERVIEW of Dentsu Ventures>

Name: Dentsu Ventures Global Fund I

Total Fund Size: 5 billion yen

Fund Formation Date: April 2015

Operation Period: Planned for 7 years until March 2022

Investment Regions: Primarily overseas, including Europe, the Americas, and Asia, with a global focus

Investment Stage: Primarily seed/early stage, while also including mid/late stage

         &nbsp; Broad range of investments

Investment Areas: (1) Areas with the potential to transform broad marketing/communication businesses

        (2) Innovative, high-potential new domains not falling under the above

Dentsu Inc. News Releasehttp://www.dentsu.co.jp/news/release/2015/0915-004151.html

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