Wednesday, January 4, 2017
Content Discovery Platform, Kitsu, Gets $600,000 in Seed Funding
KITSU RAISES $600,000 IN SEED FUNDING TO BRING ANIME TO THE MACHINE... AND MORE
Anime-focused recommendation and social platform gets backing from VIZ Media and Bernard Chong to build out world-class content discovery capabilities
PITTSBURGH, Pennsylvania – Kitsu, a startup changing the way the community experiences anime, announced today that it has raised six hundred thousand dollars in a seed round between San Francisco, California-based entertainment company VIZ Media, LLC, and Manila, Philippines-based entrepreneur Bernard Chong. Kitsu will use these funds to build out its world-class content discovery platform at kitsu.io, led by Kitsu founder and CEO, Josh Fabian, who started the project under the Hummingbird name. Josh previously was Lead Designer, Groupon Stores, and Lead Designer, oBaz.
“What makes me most excited about where Kitsu is going is how easy it's going to be to connect with other anime and manga fans,” said Josh Fabian, Founder and Chief Executive Officer of Kitsu. “We’ve been very proactive and thoughtful about how exactly to approach the social component of anime, and we think what we have will continue to drive that conversation moving forward."
As part of the investment, Bernard Chong as well as Brad Woods, VIZ Media's Chief Marketing Officer, will join the Kitsu board. VIZ Media’s Rob Pereyda, Vice President of Business Development, led the deal at the company and will serve as Senior Advisor.
“We're thrilled to be working with Josh and the Kitsu team to bring this content to a wider audience,” said Brad Woods, Chief Marketing Officer at VIZ Media. "The features that are being rolled out with the new platform are really exciting, and we believe they will drive engagement for the anime industry as a whole."
“Discovery is one of the great challenges in the entertainment world today,” said Bernard Chong. “With Josh, I see an incredible entrepreneur with the product chops to help drive consumption, monetization and just plain joy in the business, and to me that is exciting.”
Built atop the modern web frameworks Ruby on Rails and Ember, the Kitsu platform (formerly Hummingbird) will remain open-source and be available to other entrepreneurs to use to drive their own discovery and social capabilities. The seed round investment from Bernard Chong and VIZ Media coincides with a ground-up rewrite and redesign of the Kitsu platform, now placing a greater emphasis on the social component of a user's experience.
While a key selling point of the platform for many users has been the functionality to track the anime and manga they've seen and are planning to see, "Version 3" of the platform heavily focuses on the social aspect, leveraging a robust machine learning engine to surface content users will be more likely to enjoy, including not just one-to-one, show-to-show recommendation pairings, but sophisticated taste-based content cohorts (interest clusters).
Kitsu is a content discovery platform that helps anime and manga fans track, share and discover more of what they love. Through a world-class recommendation engine layered with social, machine learning and more, Kitsu is able to go beyond the traditional “what to watch next” and instead become a central part of peoples’ lives. With an open source platform and a thriving developer community, Kitsu is a one-of-a-kind player in the content discovery space not just for anime and manga, but the entertainment business in general. It actively shares its technology with the community and aims to enrich the lives of fans as well as help the business grow. More information is available at kitsu.io.
About VIZ Media, LLC
Established in 1986, VIZ Media is the premier company in the fields of publishing, animation distribution, and global entertainment licensing. Along with its popular digital magazine WEEKLY SHONEN JUMP and blockbuster properties like NARUTO, DRAGON BALL, SAILOR MOON, and POKÉMON, VIZ Media offers an extensive library of titles and original content in a wide variety of book and video formats, as well as through official licensed merchandise. Owned by three of Japan's largest publishing and entertainment companies, Shueisha Inc., Shogakukan Inc., and Shogakukan-Shueisha Productions, Co., Ltd., VIZ Media is dedicated to bringing the best titles for English-speaking audiences worldwide.
Learn more about VIZ Media and its properties at www.VIZ.com.