Cyberagent Capital, a Japanese corporate venture capital firm based across 8 countries and 10 cities, mainly in Asia, has announced raising $55.5 million for its latest fund, CA Startups Internet Fund III.
Established in 2006, CyberAgent Capital invests in internet-related enterprises that are led by entrepreneurs with excellent management and leadership capability and are determined to expand their business globally.
The company provides incubation expertise and a business network to accelerate the global expansion of startups, according to a statement. With its latest fundraising, CyberAgent Capital aims to further accelerate its global startup investment and support the startup incubation ecosystem.
CyberAgen Capital has been investing mainly in seed, early startup companies based on its corporate vision of “Change the World, From Asia”. It has invested in more than 350 companies, with 50 of them listed on the Tokyo Stock Exchange.
Its portfolio includes Tokopedia in Indonesia, Fangduoduo in China, Tiki Inc and CleverAds in Vietnam, and Kakao Corp in South Korea. In Japan, CyberAgent Capital has invested in companies such as Crowdworks, Spacemarket, VisasQ Inc, Kaizen platform Inc, and Retty.
Some of its other renowned portfolio companies include Note, hey Inc, Timee, and Subsclife.
“Cyberagent Capital focuses on investing and supporting internet businesses. Our greatest strength is highly specialized incubation capabilities. We are able to help startups grow speedy and solidly in the fast-moving internet industry,” the company said on its website.
The successful close of CA Startups Internet Fund 3 followed the JPY5 billion close of Fund II, which was used for investments in Japan into IT ventures in the seed and early stage. Fund I also raised JPY2.4 billion.
The company’s team is specialized to support its portfolio companies further grow. It has gathered experts from various fields such as development, public relations, etc. that provide hands-on support.
According to a report by DealStreetAsia, Southeast Asia-based startups raised a record $6 billion in the first three months of this year from over 211 deals.