Burda Principal Investments, the investment arm of European technology and media company Hubert Burda Media, is opening its Singapore office.
The new office aims to establish the firm’s presence in Asia, with a particular focus on Southeast Asia. It will be led by new Principal Albert Shyy, who was previously a Principal at Gree Ventures, where he led the fund’s investment team in Southeast Asia and India.
The company will invest in technology companies in the region, with a focus on investments in the Series B stage.
Existing investments in Southeast Asia include Coc Coc, a search engine in Vietnam, and Priceza, Thailand’s no. 1 price comparison site. In addition, Burda has invested in several funds in the region, including Golden Gate Ventures, Jungle Ventures, and Kejora.