Japan’s CyberAgent (TYO:4751) has burst onto Japan’s crowdfunding scene with the launch of its new CyberAgent Crowd Funding platform. Actually, it will launch fully this summer, by which time it’ll be ready to match startup companies and neat ideas with people who want to fund them. The new site aims to be raising $1 million per month for its listed projects.
The new service will be a spin-off from the CyberAgent parent company, who’s investing 40 million yen (US$400,000) to kickstart it. Ryotaro Nakayama will be the new CEO. It’s also separate from CyberAgent Ventures, the company’s investment arm.
CyberAgent Crowd Funding promises to fully investigate all projects before adding them to the site, and will also back them up with media and promotional support.
Japan already has several funding platforms, such as Campfire and Ready For.
CyberAgent Ventures itself might be interested in some of the social and e-commerce projects that come up on the site, as those are the areas where the Tokyo-based fund makes its investments across Southeast Asia. Most recently, CyberAgent Ventures invested in a Taiwan-based fashion social network.
(Updated: Changed headline and some phrases to reflect that this is created by CyberAgent, not the CyberAgent Ventures subsidiary).
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