About First Move Fund
First Move Fund is a venture capital firm founded in 2023. It is primarily based out of Singapore, Singapore. As of Oct 2025, First Move Fund is an active investor, having invested in 16 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Malaysia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and High Tech. Most recently it participated in the $***** Seed round of Our Team A lot of funds co-invest with First Move Fund, with names like 500 Global sharing a substantial percentage of its portfolio. First Move Fund has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed
Deals in last 12 months
First Move Fund's List of Top Investments
First Move Fund has a portfolio of 16 companies. Their most notable investments are in Collektr and Notti.Their portfolio spans across Malaysia, Indonesia, Singapore and 2 more locations. They have invested in Enterprise Applications, Retail, High Tech and 8 other sectors, across stages such as Seed stage. Here is the list of top investments by First Move Fund:
1. Decube
Provider of a platform offering a suite of business intelligence solutions. It is a collaborative platform for data lineage, cataloging, data quality management, and more. It also provides solutions such as data discovery, data observability, governance, etc.
Key facts about Decube
- Founded Year: 2022
- Location: Kuala Lumpur (Malaysia)
- Stage: Seed
- Total Funding till date: $5M
- Employee Count: 45 as on Jul 31, 2026
- Investors: 500 Global, Iterative and 3 Others
- Latest Funding Round: Seed, Jan 28, 2026, $*****
- Highlight: Editors' Pick
2. EVO
Provider of social platform for businesses. The solution help influencers and live-streamers to optimize the back-office operations and allowing them to sell products to online customers. Its solution offerings include ordering management, payments, reconciliation, inventory management, discount management, and more. It also helps brands and merchants to connect with influencers directly through the platform.
Key facts about EVO
- Founded Year: 2019
- Location: Singapore (Singapore)
- Stage: Seed
- Total Funding till date: $4.7M
- Employee Count: 32 as on Aug 31, 2026
- Investors: 33 Capital, GSR Ventures and 22 Others
- Latest Funding Round: Seed, Aug 07, 2024, $*****
- Highlight: Editors' Pick
3. Welling
AI-powered nutrition coaching and calorie tracking application. It analyzes users dietary history and preferences to offer tailored nutrition advice, tracks food intake, and presents daily and weekly summaries based on dashboard. It also sends reminders to log meals and provides feedback for individuals.
Key facts about Welling
- Founded Year: 2023
- Location: Singapore (Singapore)
- Stage: Funding Raised
- Employee Count: 7 as on Aug 31, 2026
- Investors: First Move Fund
4. 3cat
Chains providing refurbished mobile devices and tablets. These retail outlets offer pre-owned smartphones and tablets that undergo diagnostic testing to ensure functional quality. Services include the sale of used electronics, trade-in options for old hardware, and repair solutions for damaged components. Customers can access technical support and warranty coverage for purchased items. The business facilitates the exchange and maintenance of mobile technology to extend the lifecycle of electronic products.
Key facts about 3cat
- Founded Year: 2022
- Location: Kuala Lumpur (Malaysia)
- Stage: Series A
- Total Funding till date: $4M
- Employee Count: 40 as on Aug 31, 2026
- Investors: Golden Gate Ventures, Asian Development Bank and 8 Others
- Latest Funding Round: Series A, Sep 23, 2026, $*****
5. Notti
Internet first brand offering food products for dogs and cats. The product catalog offers a range of baked, grain-free, and protein kibbles for dogs and cats. The company claims that the products are made of meat and other natural ingredients.
Key facts about Notti
- Founded Year: 2023
- Location: Kuala Lumpur (Malaysia)
- Stage: Seed
- Total Funding till date: $500K
- Employee Count: 7 as on Aug 31, 2026
- Investors: 500 Global and First Move Fund
- Latest Funding Round: Seed, Jun 20, 2024, $*****
First Move Fund's Year-on-Year Investment Trends
In 2025, it made 3 investments. Its most recent first time investment was in Our Team.First Move Fund's Investments by Stage
First Move Fund has made 8 investments in Seed stage with an average round size of $919K.First Move Fund's Investments by Sector
First Move Fund has a diverse portfolio, with companies operating in the Business Services, Consumer, Enterprise Applications, Retail and Energy. Notably, it has invested in 9 Tech companies, 6 Consumer (B2C) companies, 6 Software companies and at least 5 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Business Services | 2 |
Consumer | 2 |
Enterprise Applications | 2 |
Retail | 2 |
Energy | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
First Move Fund's Investments by Geography
First Move Fund has made most investments in Malaysia (5), followed by Australia where it has made 1 investment.Country | No. of Investments |
|---|---|
Malaysia | 5 |
Australia | 1 |
Indonesia | 1 |
Note: We have considered here, only first round of investments
First Move Fund's recent investments
First Move Fund has not made any investment in 2026 so far.Here are the most recent investments by First Move Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 28, 2025 | Australia | Seed | 9118 | - | |
Jul 01, 2025 | Malaysia | Seed | 1980 | [+1] | |
Feb 2025 | Indonesia | Seed | 7720 | [+1] | |
Aug 21, 2024 | - | Seed | 6994 | - | |
Jun 20, 2024 | Malaysia | Seed | 1798 |
Team profile of First Move Fund
First Move Fund has a team of 2 members including 1 Partner and 1 Principal located in Malaysia and Singapore. First Move Fund's team does not sit on the board of any company as of now.Co-investors of First Move Fund
Over the past 2 years, 11 investors have co-invested in First Move Fund's portfolio companies. This includes funds and angels.
- Top Co-investors of First Move Fund: 8 investors entered a company along with First Move Fund. These include investors like 500 Global (1 company).
- Invested after First Move Fund: A total of 3 investors have invested in First Move Fund's portfolio after their investments. Top Investors include AC Ventures (1 company), The Hive Southeast Asia (1 company) and Creador (1 company).
Recent News related to First Move Fund
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ourteam bags pre-seed round to scale its AI interviewer across Asiae27•Oct 28, 2025•Our Team, First Move Fund
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Shieldbase Secures Funding to Expand AI Operating System in Asia-PacificFinTechnews•Jul 01, 2025•Shieldbase AI, First Move Fund, GenAI Fund
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Climate tech startup Arysun secures $575k pre-seed fundingTech in Asia•May 07, 2025•First Move Fund, Wavemaker Impact, Arysun
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2,000+ companies, $300 million, 208% growth, this is the current situation of Southeast Asia’s D2C industryTechNode•Apr 28, 2025•AC Ventures, Jungle Ventures, Accel, First Move Fund and 4 others
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Ex-Fave CEO Joel Neoh’s VC firm has invested in 10 early-stage SEA startups, 6 are M’sianVulcan Post•Mar 14, 2024•First Move Fund
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Joel Neoh and Audra Pakalnyte Launch First Move Fund to Support Consumer Startups in Southeast AsiaAsiaTechDaily•Jul 16, 2023•First Move Fund
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Southeast Asian consumer startups focus of new fund First MoveNihon Keizai Shimbun•Jul 05, 2023•First Move Fund
