In the current financing round, Hubert Burda Media has become the majority shareholder in the Berlin-based social enterprise Good Hood GmbH, which operates Germany's largest social network for neighbours.
BurdaPrincipal Investments, the investment arm of European technology and media company Hubert Burda Media, has announced the opening of its Singapore office to establish its presence in Asia, with a particular focus on Southeast Asia. The company also confirmed Albert Shyy has joined the team as Principal to head up the newly established office. Albert 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 an emphasis on investments in the Series B stage. Existing investments in Southeast Asia include Coc Coc, a leading search engine in Vietnam, and Priceza, Thailand’s no. 1 price comparison site. In addition, the company has invested in several funds in the region, including Golden Gate Ventures, Jungle Ventures, and Kejora.
“We are extremely excited to solidify our presence in Asia. We strongly believe in the growth trajectory of this region and look forward to expanding our portfolio while leveraging our global footprint and rich media history to help these companies achieve the next phase of growth.”
Martin Weiss, Managing Director BurdaPrincipal Investments