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