Steven Vanada has left Japan-headquartered internet company CyberAgent’s corporate venturing subsidiary, CyberAgent Capital (CAC), to join Indonesia-based investment firm Kinesys Group, DailySocial has reported.
Vanada co-founded the Indonesian office of CAC, then known as CyberAgent Ventures, as part of a two-year stint as an investment manager from 2011, before being promoted to vice-president.
His earlier roles at CAC involved Vanada identifying investment opportunities, executing deals and supporting portfolio companies. He was appointed executive director in 2016 to focus on business-to-business, e-commerce and financial technology developers.
Vanada’s investments at CAC included online payment platform operator Coda Payments and consumer and industrial products marketplace Ralali, and he took board seats at portfolio companies such as news aggregation app developer Kurio and e-commerce marketplace Tokopedia.
Kinesys Group has appointed Vanada managing partner and tasked him with identifying and investing in domestic startups in sectors including education, entertainment, retail and travel. Indonesia-based limited partners have so far supplied nearly three-quarters of the fund’s $20m target.
Kinesys Group founder Yansen Kamto told KrAsia: “Steven has a very strong investment background. He has been investing in Indonesia for the past eight years. He is one of the earliest investors in the ecosystem and we both shared the same vision to support entrepreneurs in Indonesia and Southeast Asia.”
Photo of Steven Vanada courtesy of LinkedIn.
