CyberAgent Ventures Expands Its Branches Toward Thailand With New Office.
Following up on the previous years investment on Thailand-based Priceza. CyberAgent Ventures,Inc. has recently established a whole new office in Bangkok. The Japanese Venture Capital firm has already manage to invest within 23 companies across Southeast Asia and has offices in Tokyo, Hanoi, Ho Chi Minh, Seoul, Taipei, and Jakarta. CyberAgents Ventures, Bangkok office will led by Nguyen Manh DUng who is also in of the branch office in Vietnam.
During the previous year. at a press conference held by Tech in Asia, CEO of CyberAgent Ventures China, Nobuaki Kitagawa, had revealed that the company has plans to increase the $15 million fund targeted at the Southeast Asia(SEA) region up to $20 million. It also keeping tabs on the Thai market, so this news isn’t much of a surprise.
A price comparison service available in both Thailand and Indonesia, Priceza, has boasted more than 4 million active users per month. It’s the number one service of its kind in Thailand, despite stiff competition from rivals such as Rocket Internet’s Pricepanda.
“Given the popularity of the Internet and the abundance of entrepreneurs in Thailand, we consider Thailand as a very attractive market, and will enhance our investment and incubation activities by establishing the new office in Thailand,”CyberAgent said in a press release. “We will fully utilize our experience accumulated in our investments in global [firms]to expand our business in Thailand.”
Aside from Priceza, CyberAgent Ventures” recent investments in Southeast Asia include TouchTen, Fashionguide, Bilna, Foody, and iCook.
We have tried to get into contact with CyberAgent ventures for further inquiry and will update as soon as they get back to us.