CyberAgent Prepared USD 10 Million For Indonesia Startup

Although it sounds like a very large number, you shouldn’t dream of becoming a billionaire first.

CyberAgent, a Japanese investment company announced USD 20 million new funding to be divided proportionally between Indonesia and Vietnam. CyberAgent has formally established Jakarta office shortly after officially announcing their investment in local e-commerce sites, Tokopedia. CyberAgent targeted to invest in 5-10 companies. Until mid-2012 this year, they are scheduled to invest in 3 companies.

Quoted from e27, Investment Manager Mr Takahiro Suzuki, Indonesia still doesn’t have enough technology companies that could be a role model and share success stories. This caused a lot of startup from Indonesia might haven’t been sufficiently “mature” enough to be called a real company. CyberAgent has a backup plan if they fail to find a startup to invest in Indonesia by establishing an incubation institution just like other investors.

Source: e27.