Predict your next investment

Angel Investor (Individual)

See what CB Insights has to offer

Investments

4

Portfolio Exits

1

About Max Burger

Max Burger is a principal of The Burger Collection.

Max Burger Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Max Burger News

Man Truck and Bus Korea designated as regional hub for Austral-Asia region

Jun 3, 2021

German truck manufacturer will voluntarily recall Euro 6 truck models to regain customer trust | Max Burger, the incumbent managing director of Man Truck and Bus Korea (left), Thomas Hemmerich, newly appointed managing director of Man Truck and Bus Korea (center), and Goran Nyberg, an executive board member for sales and marketing at Man Truck and Bus, speak during a press conference held at Grand Hyatt Seoul on Thursday. (Man Truck and Bus Korea) Man Truck and Bus Korea has been designated as the German truck maker’s regional headquarters, managing 12 countries in the Austral and Asia region, an executive board member from the German headquarters said on Thursday. Participating in a press conference held in Seoul, Goran Nyberg, an executive board member for sales and marketing at Man Truck and Bus, said the Korean branch will be playing a bigger role in the group’s business operations. He also spoke of complaints raised by local customers over defects in some models and announced a plan for a voluntary recall of all units of the models in question. “Korea will be the new regional headquarter and hub for 12 countries in Austral, Asia region,” Nyberg said. “Being all that said I can simply say that Korea will be more highlighted and the German headquarter will provide more support and investment here.” Over a series of customer complaints made on defects found in trucks equipped with engines compliant with Euro 6 emissions standards, Nyberg and the Korean unit chief Max Burger said they are going to conduct a voluntary recall. “I have been regularly reported on the issues in Korea and have had in-depth discussion with the Korean team. After many long discussions, we agreed that protecting our customers and regaining trust is the top priority. So we decided the voluntary recall,” Nyberg said. In the voluntary recall program that is to start in September the company will recall 4,400 units of its Euro 6A, 6B and 6C models to replace the auto parts, the company said. Models subject to the recall include the TGS Cargo, EGR flaps and oil separators of the TGX Tractor and the TGS Dump Truck. All of them will be accepted for recall even if they are not found with any malfunction, the company added. “I hope this voluntary recall will be the moment for resolve all outstanding issues and opportunity to show our commitment and be a good example taking responsibility to our customers,” Nyberg said. During the press conference, Thomas Hemmerich, who was appointed as managing director for the Korean branch last month, also introduced himself for the first time. “First thing I have to focus as a new managing director is to provide full support for the recall customers. I will closely work together with headquarter as well as Korea team to make sure our customers will not have any inconvenience while they receive recall. We will solve past issues as quickly and smoothly as possible.” Hemmerich will be taking over from Burger, who has led the Korean office for 6 1/2 years, in July. By Jo He-rim ( herim@heraldcorp.com )

Max Burger Investments

4 Investments

Max Burger has made 4 investments. Their latest investment was in Smartvel as part of their Unattributed VC on October 10, 2018.

CBI Logo

Max Burger Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/24/2018

Unattributed VC

Smartvel

$1.05M

Yes

2

11/20/2014

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

10/21/2013

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

3/14/2013

Angel

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/24/2018

11/20/2014

10/21/2013

3/14/2013

Round

Unattributed VC

Seed VC

Seed VC

Angel

Company

Smartvel

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$1.05M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

10

10

10

Max Burger Portfolio Exits

1 Portfolio Exit

Max Burger has 1 portfolio exit. Their latest portfolio exit was Managed by Q on April 03, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/3/2019

Acquired

$991

8

Date

4/3/2019

Exit

Acquired

Companies

Valuation

$991

Acquirer

Sources

8

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.