German media large Hubert Burda is diving into Southeast Asia’s startup ecosystem after its funding arm opened an office in Singapore.
Burda, founded in 1898, is anchored in print media. regardless of publishing greater than 250 titles internationally, it has forayed into digital with some success through acquisitions and new industry gadgets. in contrast to different print giants, its digital businesses account for more than 1/2 of its income whereas it has pursued an funding thesis worldwide, which included equity in Etsy.
Now it’s increasing its presence in Southeast Asia, the place it had initially dipped its toes by means of a collection of deals. Burda is an LP in VC funds Golden Gate Ventures, Jungle Ventures and Kejora Ventures, while it has made direct investments in scientific Departures, Thailand-based totally price comparison site Priza and Vietnamese search carrier Coc Coc.
Burda predominant Investments‘ presence in Asia will probably be led with the aid of Albert Shyy, who has joined the firm from GREE, the place he led the japanese gaming firm’s funding arm in Southeast Asia and India. In total, the agency has an initial body of workers of three based in Singapore.
In an interview with TechCrunch, Shyy defined that he is looking to do three to 5 deals per year, mainly around the sequence B stage with a minimum check size of around $ 5 million. the money itself comes from Burda’s international fund, which is not like most others. For a begin, Burda is the only LP while it’s “evergreen” — meaning that the company tops it up once a year — although its exact size shouldn’t be disclosed.
That investment focus manner Burda will complement the VC funds it invested in, and supply so much needed monetary firepower for series B deals in Southeast Asia. aside from B Capital, started through Singapore-based former fb co-founder Eduard Saverin, sources for late stage capital after series A are harder to find.
Burda has made its identify in media, however Shyy said its investment thesis goes beyond that.
“Media is one focal point for us, but as a result of we can also be strategy or monetary investors there’s extra scope,” he defined. “We’re for sure having a look at shopper-dealing with corporations — that’s been the most popular space for Burda — we’ve accomplished deals with marketplaces and e-commerce, in particular in Europe, in order that’s a version.”
“we’d need to target market leaders or those who can convey market management in their united states,” he brought, explaining that capital could be used to speculate into new verticals or geographies.
Singapore is Burda most important Investments’ 2nd place of job worldwide, and its first out of doors of Germany. Asia isn’t the only enlargement on its radar, then again. The agency is in the means of opening an office in London over the following couple of months, while a ny base is in its plans, too.
Featured image: Katherine Sharpe/Flickr beneath A CC by 2.zero LICENSE (image HAS BEEN MODIFIED)
Fundings & Exits – TechCrunch