Stash Away, Southeast Asia’s largest and fastest-growing digital wealth manager for both retail and accredited investors, has announced that they’re managing more than 1 billion USD.
In 2023, Burda invested in the Heidelberg-based AI company Aleph Alpha for the first time via its international growth capital arm BurdaPrincipal Investments (BPI). BPI is now increasing its stake alongside the Schwarz Group and Earlybird. Deutsche Bank joins as new investor and strategic partner.
"As an international growth capital investor, we are closely monitoring the development of AI worldwide. We are convinced that Europe has the potential to become much stronger in this area! Aleph Alpha delivers first-class sovereign AI applications. The company has shown sustainable growth in a competitive market with a stable and forward-looking business model. As a partner of Aleph Alpha, we are thrilled to continue driving this work forward together with Jonas Andrulis and his team, also in regions beyond Europe such as Southeast Asia."
Christian Teichmann, CEO of BPI
The AI company Aleph Alpha, based in Heidelberg, was founded in 2019 by Jonas Andrulis and Samuel Weinbach. Aleph Alpha delivers B2B and B2G (Business to Government) solutions based on explainable and trustworthy AI in fully sovereign applications. Aleph Alpha's generative AI solutions can help companies and public institutions maintain technological independence, secure data and build trustworthy solutions. In addition to the investors mentioned above, Bosch, SAP and Hewlett Packard Enterprise are also invested in Aleph Alpha among others.
Burda Principal Investments (BPI) is a leading international growth capital investor with offices in London, Munich, Berlin and Singapore. As a division of Hubert Burda Media, BPI accompanies visionary entrepreneurs as a partner and supports them with Burda's capital, brands and industry expertise – particularly in the areas of business expansion, internationalisation and localisation. BPI's portfolio includes numerous successful and fast-growing companies in Europe, the US and Asia, including Nord Security, Vinted, Aleph Alpha, Bloom and Wild, Moneybox, Skillshare, Expel, Carsome and BillEase.
