CyberAgent Ventures reportedly received up to 20% of iPeen's shares for investing $1m.

Ipeen, a Taiwan-based restaurant review and discount coupon provider, has raised $1m from Japan-based internet group CyberAgent’s corporate venturing unit.

CyberAgent Ventures reportedly received up to 20% of iPeen’s shares.

CyberAgent will set up an office in Taiwan’s capital Taipei in June and plans to invest in another three to four Taiwanese companies this year.