Former Fave executives Audra Pakalnyte and Joel Neoh launches First Move, a founder-led early-stage fund for consumer-focused startups across SEA.
Provides pre-seed funding of up to US$100k and mentorship
Former Fave executives Audra Pakalnyte and Joel Neoh have officially launched First Move, a founder-led early stage fund for consumer-focused startups across Southeast Asia. The fund, which did not disclose its fund size though market talk has it pegged at between US$3 million to US$4 million , provides pre-seed funding of up to US$100,000 , aiming for between 15 to 20 consumer startups.
Meanwhile, First Move has also established the Consumer Tech Angel Syndicate, a group of experienced founders and executives in the consumer space. Angel Syndicate members, including founders and senior executives from D2C, e-commerce, mobility and fintech scale-ups across Southeast Asia, will co-invest in First Move deals. They will also provide hands-on support and counsel to the startups.
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