CyberAgent Ventures Creates Fund Of $50M to Invest Into Startups.
Japan-based startup focused investment firm, CyberAgent Ventures has recently announce that it has manage to form a new funding that is worth up to 5 billion yen (approximately US$50 million) that’s been called CA Startup Internet Fund No.2. The reason behind this is due to the closing of their previous funding CA Startup internet Fund No.1.
Compared to their previous one, which amounted around $24 million, the new funds are almost double in size and are planned for investment of an amount raging from a total of $100,000 to $1 million in every single startup they choose. The company’s very own vice president Tomoki Shirakawa explained how they have plans to proceed from here on out:
We’ll keep looking to companies in the internet business space but planning to expand our coverage beyond it. I don’t mean we will lower a threshold. We’ll be on the lookout for interesting startups and try to discuss with more entrepreneurs.
With the ever rapidly increasing opportunities to meet up with some of the upcoming entrepreneurs in one of their main objectives. As part of such an effort, they shall hold a meetup even that’s called Startup Workout during July 2nd, where Takaya Shinozuka, CEO of Japan’s members-only hotel booking site operator Loco Partners, will share his own personal experiences on success and failures with an audience.
Shirakawa stated that his own team is always looking forward to hearing from entrepreneurs and prospective entrepreneurs. So for those who may have a great idea on their mind, then its highly recommended on dropping them a line with no hesitation.