Germany's Hubert Burda seeks Series B deals in SE Asia

Burda Principal Investments has also recruited Albert Shyy (pictured), previously head of the Southeast Asia and India team at Gree Ventures, to head up the new office. There will be a particular focus on Series B investments in technology companies across Southeast Asia.

Burda Principal most recently came into the first close of Kejora Ventures' second Indonesia fund as an anchor LP. The vehicle secured $25 million towards a target of $80 million. Last year, it backed Southeast Asia funds raised by Golden Gate Ventures and Jungle Ventures, which closed at $60 million and $100 million, respectively.

There have also been direct investments in start-ups such as price comparison site Priceza and clinical services marketplace Medical Departures in Thailand, as well as Vietnam’s leading search engine Coc Coc.

“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, head of Burda Principal, said in a statement.

Headquartered in Munich, Hubert Burda Media has more than 540 consumer-oriented brands and products, with over 10,000 employees and 175 million users, of which approximately 60 million are paying customers. The company is active in 20 markets but predominantly in Germany. Burda Principal provides growth capital to digital ventures in the US, Europe and Asia.

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• Topics
• Southeast Asia
• Early-stage
• People
• Technology
• Singapore
• TMT
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• Jungle Ventures
• Golden Gate Ventures
• Kejora Ventures