CYBERAGENT CAPITAL SECURES LATEST ROUND FUNDRAISING

KUALA LUMPUR, May 20 (Bernama) -- CyberAgent Capital Inc, a member company of the Tokyo-based CyberAgent Inc group, has announced the closing of its ‘CA Startups Internet Fund 3rd’, raising a total of six billion yen (US$55.5 million). (US$1 = RM4.141)

CyberAgent Capital is a venture capital firm based across eight countries and 10 cities, mainly in Asia, leading global innovation jointly with startups.

Since its founding in 2006, the firm has been constantly pursuing global innovation. It invests in Internet-related enterprises that are led by entrepreneurs with excellent management and leadership capabilities and are determined to expand their business globally and have high growth potential.

With its vast experience in the Internet business, the company provides incubation expertise and unique business network to accelerate the global expansion of startups, according to a statement.

CyberAgent Capital's targeted areas of investment are mainly startups in early stages, such as seed. It has invested in more than 350 companies, with 50 of them listed on the Tokyo Stock Exchange.

The company has invested in startups globally, including Tokopedia Inc (Indonesia), Fangduoduo Inc (China), Tiki Inc and CleverAds Inc (Vietnam), and Kakao Corp. (South Korea).

Meanwhile in Japan, CyberAgent Capital has invested in companies such as Crowdworks Inc, Spacemarket Inc, VisasQ Inc, Kaizen platform Inc, and Retty Inc.

With its latest fundraising, CyberAgent Capital aims to further accelerate its global startup investment and support the startup incubation ecosystem.

More details at https://www.cyberagentcapital.com/en/

-- BERNAMA