Albert Shyy has announced he has stepped down as Principal of GREE Ventures‘s Singapore office. He will, however, continue to serve as an advisor.

“Today is my last day with GREE Ventures and I am truly thankful for the opportunity to have worked with such an amazing team and company,” he said in a Facebook post today.

Shyy told e27 he will be heading up the Singapore office of a later stage fund. He did not disclose details but said that an announcement will be made in the coming weeks.

“I think there is still a huge gap in later stage funding in the region. So I am excited at the opportunity to help shape that part of the ecosystem, particularly with all of the interesting series A deals I’ve seen over the past couple of years,” said Shyy.

Also Read: Startups should first figure out what makes them tick: GREE Ventures’ Albert Shyy

On the future of GREE Ventures, he said:

“They raised a second fund and will be announcing a few deals they’ve done in this region and India soon.”

Shyy first joined the Singapore-based office of GREE Ventures in 2014. Before that, he was a Director at Rocket Internet’s Lazada Group.

Image Credit: GREE Ventures