Burda Principal Investments, the corporate venturing arm of Germany-based media group Hubert Burda, has opened an office in Singapore, Tech in Asia has reported.
Albert Shyy, formerly a principal for Gree Ventures, the corporate venturing vehicle for mobile gaming company Gree, will head the office as part of a three-person team. He told Tech in Asia the unit is particularly interested in investing at series B stage.
Burda Principal Investments has already backed Southeast Asia-based startups Priceza, Medical Departures and Coc Coc, and is a limited partner in funds raised by local firms Golden Gate Ventures, Jungle Ventures and Kejora Ventures.