CyberAgent Ventures plans to invest up to US$8M in six to eight Indonesia-based companies in 2012, reported news provider e27.
Last month, CyberAgent opened its ventures office in Jakarta, Indonesia’s capital, and Takahiro Suzuki, general manager of CyberAgent Ventures Jakarta office, told news provider Penn-Olson that "Indonesia has a digital market with high potential. Its population size, internet penetration growth rate, mobile user behaviour, and the popularity of Facebook and Twitter – all these points convinced CyberAgent Ventures to set up a base in Indonesia."