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. Read more
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