TLDR:
First Move, an early-stage venture capital firm led by former Fave CEO Joel Neoh, has invested in 10 Southeast Asian startups, with a focus on Malaysian startups and founders. The average investment size is RM467,000 (US$100,000) per startup, and the firm collaborates with other VC firms to provide not just financial support but also access to networks and mentorship. First Move looks for diverse founding teams with deep domain expertise and assesses ventures based on their potential to address market needs and achieve regional scalability. The firm is committed to impact investing, focusing on affordability, financial inclusion, and the circular economy. First Move is actively seeking more early-stage ventures and founders with innovative ideas.
Summary:
Less than a year since its establishment, First Move, a founder-led early-stage venture capital firm, has made significant investments in 10 Southeast Asian startups, primarily focusing on Malaysian startups and founders. The firm collaborates with other VC firms to provide essential financial support, networks, and mentorship to startups, enabling them to compete on a global scale. First Move’s portfolio includes companies like Koppiku, MalaysianPAYGAP, Scentses + Co, and Collektr, which aim to bring innovation and value propositions to their respective industries.
First Move places value on diverse founding teams with operational experience and leadership skills, while also assessing each venture’s potential for market impact and regional scalability. The firm is committed to impact investing, with investments focused on affordability, financial inclusion, and the circular economy. Founders with compelling ideas are encouraged to reach out to First Move for potential investment opportunities.
