AI builders, meet First Move. They’re a Malaysian VC that focuses on backing AI-native startups in SEA. 

• They just announced that they have secured Jelawang Capital as a backer in their newest fund.
• A little more detail. Jelawang is a subsidiary under Khazanah Nasional, Malaysia’s sovereign wealth fund!

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🤖 More on First Move

Launched in 2023, First Move is a founder-led early-stage consumer-centric VC. 

• So far, they have invested in over 20 startups across sectors like AI, healthtech, fintech, consumer, and enterprise software. 
• According to their website, they offer up to $100K in funding using a standard YC-style SAFE, with a post-money cap of up to $3M.

About the fund. The fund specializes in first check investments into startups across AI, healthtech, fintech, enterprise automation, climate, consumer brands, and other high-impact sectors.

• First Move is also launching an AI co-building platform later this year to support and partner with founders from day zero.

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👀 Portfolio sneak peek

First Move has backed 24 startups across SEA. Some of these companies include: 

• Welling.ai. An AI-powered nutrition and weight loss companion.
• Shieldbase.ai. An AI operating system for enterprises to automate knowledge and workflows.
• Ourteam.ai. An AI-native hiring platform for tech and AI talent.