CyberAgent Ventures recently announced new office & fund for startups in Indonesia, great write-up via e27: http://bit.ly/wvJKuG

New venture capital allocates up to $10 million for startups in Indonesia

Having observed the market for quite long period of time, they have seen high potentials in the mobile internet industry especially in gaming, e-commerce and mobile applications. The opportunities are driven by the rapid growth of internet users and large social media users in Indonesia. CyberAgent’s targeted companies are those who are developing online games, social networking sites, mobile applications and providing e-commerce services and are in the early Series A or slightly later Series B funding stages.

Following the establishment of the office, they launched a new venture capital fund, CyberAgent Asia Internet Fund I, L.P. which specializes in investments in the Southeast Asian market. The fund plans to increase the fund capital of up to $20 million and will be divided proportionally between Vietnam and Indonesia.

Related posts:

1. CyberAgent Reports Full Year Results
2. CyberAgent Targets Global App Devs
3. QUALCOMM, IDG Ventures and TOM Online Invest in Great Wall Software Group
4. Gree Ventures Making Moves
5. DCM & Partners Announce Android Fund

Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.

Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!