Japan’s startup-focused investment firm CyberAgent Ventures announced today that it has formed a new fund worth 5 billion yen (about $50 million) called CA Startup Internet Fund No.2. This is because of closing their previous fund CA Startup Internet Fund No.1.
Comparing to the previous one worth about $24 million, the new fund is almost double in size and is planned for investment of an amount ranging from $100,000 to $1 million in every single startup they choose. ...continue reading ...
The Bridge 6/16/2014 [en]
- 5 billion yen seems a standard size for early stage focused venture capital fund recently. Recruit and GREE also established the similar sized fund in May and April respectively. It is good to have more money for startups, but increasing number of startups or entrepreneurs takes more time than money. The gap makes venture capitals tougher to find good deals in the future.