Albert Shyy has left Gree Ventures to run the newly opened Singapore office for the German media company's corporate venturing subsidiary, Burda Principal Investments.
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.
