CyberAgent Ventures, the corporate venturing arm of the Japan-based internet and mobile games publisher CyberAgent, have participated in a $2.3m series A round into Singapore-based Coda Payments. There was also involvement from GMO Global payment fund, a $12m fund belonging to GMO Payment Gateway, e-commerce site Rakuten and participation from existing investors Golden Gate Ventures and Toivo Annus.
The company raised £900,000 in a seed round last year.
Coda, which has over 12 million subsribers, enables users to pay for online content using pre paid payment cards.
Chief executive of Coda, Neil Davidson, said: “We are delighted to have three of Japan’s most prominent technology firms in Coda’s investor group. GMO’s expertise in payments, Rakuten’s in e-commerce and CyberAgent’s in gaming, in addition to the fact that all three are actively investing across Southeast Asia, ideally position them to help accelerate Coda’s growth,”