CyberAgent Ventures, Inc.

CyberAgent Ventures, Inc. (HQ: Shibuya-ku, Tokyo, CEO: Souichi Tajima), a venture capital wing of CyberAgent,
Inc. (HQ: Shibuya-ku, Tokyo, CEO: Susumu Fujita, TSE Mothers: 4751), has completed investment in Qrunch, Inc.
(HQ: Shinjuku-ku, Tokyo, CEO: Chihiro Aihara), an Internet start-up providing social Q&A service. Qrunch is
selected at Startups2011 -spring-, a business plan contest run twice a year by CyberAgent Ventures.
The members of Qrunch are all well-experienced in development and management of web services. The team is
developing its service Qrunch ( http://qrunch.jp ), a social Q&A platform allowing users to casually ask and answer
their friends fun and interesting questions. Qrunch plans to provide the service for both browser and smartphone
application, and currently accepts up to 10,000 accounts via above URL for alpha version.
CyberAgent Ventures primarily focuses on investment in early stage start-ups. The investment noted above has
been made from CA Startups Internet Fund I, L.P. – a fund specialized its investment in early stage Internet
start-ups in Japan.

■ Company Profile of Qrunch, Inc.
Company Name: Qrunch, Inc. http://qrunch.jp
Address: 5-15-5 Shinjuku,
Shinjuku-ku, Tokyo, 160-0022
JAPAN
Capital: JPY 10.1 Million
Stockholder: Management team and CA Startups Internet Fund I, L.P.
Management Team: President & CEO Chihiro Aihara

■ Company Profile of CyberAgent Ventures
Company Name: CyberAgent Ventures, Inc. http://cyberagentventures.com/en/
Address: Shibuya Mark City WEST 13F, 1-12-1 Dougenzaka
Shibuya-ku, Tokyo, 150-0043
JAPAN
Established: April 3, 2006
Capital: JPY 360 Million
President & CEO: Souichi Tajima
■ Inquiry
Hayashiguchi of CyberAgent Ventures, Inc.
Phone: +81-(0)3-5459-0597
E-mail: cav_keiei@cyberagent.co.jp