Investor Profile: CyberAgent Capital — Thesis, Cheque Size & How to Apply

Looking at CyberAgent Capital funding? The corporate venture capital arm of CyberAgent, Inc. has been a "first investor" in Asian internet startups since 2006, with 455 investments on record and unicorns like Tiki and VNG in its portfolio. Its pitch to founders is simple: earliest capital plus two decades of hands-on internet operating knowledge across Asia.

Investment thesis

The firm's banner is CHANGE THE WORLD FROM ASIA. It describes itself as a co-creation capital for global innovation: investing as a rule as the First Investor in seed and early-stage companies, and supplying not just money but practical knowledge and its global network. The focus is internet and information-technology businesses led by entrepreneurs with strong management and leadership capability who want to expand regionally and globally.

Sectors and stages

CyberAgent Capital invests at seed and Series A, primarily in internet-related startups. Sector coverage is broad: consumer, enterprise applications, retail, media and entertainment, mobile, AI, health tech and travel tech. Geographically it spans Japan, the United States, China, Taiwan, Indonesia, Vietnam, Thailand and South Korea, with the deepest activity in Japan and Vietnam.

Fund size and cheque size

CyberAgent Capital has no publicly disclosed aggregate fund size or standard cheque size. Its scale is best read through activity: 455 investments tracked by PitchBook, a portfolio of 302 companies per Tracxn, including 2 unicorns, 29 IPOs and 27 acquisitions. Recent 2026 investments include Thunder Compute, Nobest, HARTi Photo, PathAhead and Nexadata.

Notable portfolio companies

Standout names include Paidy, Sansan, PropTiger and RareJob, alongside unicorns Tiki and VNG of Vietnam. Historic early bets include Tudou (2007), Kakao's Series A (2011) and Tokopedia's Series A (2011). In Japan the current portfolio features Note, Spacemarket, VISASQ, Kaizen Platform, Timee, Social Interior, Petokoto, Asobica, LabBase, Bankers, Glasp and AVA Intelligence.

Key people

Hirofumi Kondo serves as Representative Director and President of CyberAgent Capital, Inc., headquartered at Abema Towers in Shibuya, Tokyo. The team is lean, around 10 professionals including four partners per Tracxn.

Programs run

The firm runs Monthly Pitch!, a regular startup pitch series spotlighting early companies, and in March 2026 launched a startup marketing-support programme with performance-marketing firm CyberGrip. Its stated support model centres on deep digital-business understanding for seed and early-stage companies rather than cohort-based acceleration.

How to apply for funding

CyberAgent Capital does not publish a public application route or pitch form. Founders generally reach the team through introductions or the contact channels on its official site, cyberagentcapital.com. Given its "first investor" positioning, the best entry point is a warm introduction at the idea or prototype stage, particularly for internet and IT startups targeting Asian markets.