First Move might not be an instantly recognisable name among regional entrepreneurs but that’s changing fast as the early-stage investment fund has already backed its first 10 ventures in its first year alone.
The Southeast Asian fund is dedicated to early-stage investments in the consumer sector, aiming to establish Southeast Asia by stimulating economic growth and fostering innovation.
With an average investment size of RM467,000 (US$100,000) per startup, First Move has invested the majority of its funding to Malaysians and Malaysia-based founders.
Created by entrepreneurs for entrepreneurs, the fund was founded by serial entrepreneur and technology executive, Joel Neoh, and seasoned technology startup executive, Audra Pakalnyte.
Neoh is…