Multi-Family Office

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CyberAgent Capital

CyberAgent Capital was formed as the corporate venture capital unit of CyberAgent, Inc., the Tokyo-based internet advertising and gaming company founded...

CyberAgent Capital

CyberAgent Capital was formed as the corporate venture capital unit of CyberAgent, Inc., the Tokyo-based internet advertising and gaming company founded by Susumu Fujita. The firm operates with a global mandate, maintaining offices in Japan, the United States, Indonesia, Vietnam, and Thailand. The firm focuses exclusively on seed and early-stage startups, typically acting as the first institutional investor. Its strategy spans multiple sectors including AI, B2B software, entertainment, fintech, and robotics. CyberAgent Capital provides portfolio companies with technical, HR, PR, sales, and government relations support from CyberAgent Group resources. Confirmed investments include companies across Japan, the US, and Southeast Asia. The firm's Monthly Pitch event series, launched in 2016, has connected startups with investors and driven cumulative fundraising of over JPY 100 billion as of April 2023. CyberAgent Capital employs a team of 18 professionals across its offices, including partners, associates, and functional managers in HR, technical, and administrative roles. The firm also hosts a global spinout of Monthly Pitch, held annually outside Japan since 2019. No AUM or deployment figure is publicly disclosed. CyberAgent Capital's structural differentiator is its hybrid model as a corporate venture capital arm that operates with the posture of a traditional VC, sourcing proprietary deal flow through its pitch events and leveraging the full operational weight of its parent company for post-investment support.

General information

Firm type

Multi Family Office

Year founded

AUM

Undisclosed

Location

Region

Asia

Country

Japan

City

Tokyo

Corporate office

Tokyo, Japan

Additional offices

Singapore, Singapore · Jakarta, Indonesia · Ho Chi Minh City, Vietnam · Bangkok, Thailand · United States

Principals

Hirofumi Kondo

President and Representative Director

Yuya Takegawa

Director and Partner

Daisuke Minamide

Head of Overseas Investments and US Office Representative

Sector focus

AI/MLEnterprise SoftwareEntertainmentFinTechRobotics & AutomationHR TechLifeStyle

Frequently asked questions

Who runs investment decisions at CyberAgent Capital?

Hirofumi Kondo serves as President and Representative Director, overseeing the firm's strategy. Yuya Takegawa is a Director and Partner, and Daisuke Minamide heads overseas investments from the US office (per firm website).

How does CyberAgent Capital source proprietary deal flow?

The firm runs Monthly Pitch, an invitation-only pitch event series started in 2016 that connects seed and early-stage startups with top VCs and angel investors. Companies that have participated have cumulatively raised over JPY 100 billion as of April 2023 (per firm website).

Is CyberAgent Capital structured as a traditional venture firm or a corporate VC?

CyberAgent Capital operates as the corporate venture capital arm of CyberAgent, Inc., but functions with the autonomy and investment methodology of an independent VC. It leverages CyberAgent Group's operational resources for portfolio support while making independent investment decisions.

Does CyberAgent Capital participate in fund commitments or only direct deals?

The firm primarily makes direct equity investments in startups, typically acting as the first institutional investor. It does not appear to operate a fund-of-funds model.

What investment stages does CyberAgent Capital typically target?

CyberAgent Capital targets seed and early-stage startups. It states a principle of being the 'First Investor' (per firm website).

Which sectors does CyberAgent Capital explicitly avoid?

The firm does not publicly disclose any sectors it avoids. Its portfolio spans a wide range including AI, B2B, fintech, entertainment, robotics, HR tech, and lifestyle.

Where does the underlying wealth come from?

The capital originates from CyberAgent, Inc., a publicly traded Japanese internet company founded by Susumu Fujita. CyberAgent Capital deploys a portion of the parent company's balance sheet.

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