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Holding Company
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Investments

3

Funds

2

About PAAB

PAAB consist of a group of company experienced people who actively contribute to strengthening business ideas and business plans for entrepreneurs as well as earnings and asset development for portfolio companies.v

PAAB Headquarter Location

Kungsgatan 41

Uppsala, 753 21,

Sweden

+46(0) 8 707 294 532

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Latest PAAB News

PAAB may face cash flow deficit of up to RM235mil

Sep 29, 2021

According to the report released yesterday, a deficit will occur if the problem of mismatch of the 25-year loan repayment period to the federal government and the 45-year lease collection period of the state water operator is not reconciled between the Ministry of Finance (MoF) and PAAB. KUALA LUMPUR: Pengurusan Aset Air Bhd (PAAB) is expected to face a cash flow deficit of between RM13.25mil and RM235.21mil over 12 years from 2025 to 2037, said the Auditor-General’s Report (LKAN) 2019 Series 2. According to the report released yesterday, a deficit will occur if the problem of mismatch of the 25-year loan repayment period to the federal government and the 45-year lease collection period of the state water operator is not reconciled between the Ministry of Finance (MoF) and PAAB. “This is due to the shorter loan repayment period compared to the lease collection period which in turn creates the risk of PAAB’s ability to settle the loans owed to the federal government,” it said. — Bernama Article type: metered

PAAB Investments

3 Investments

PAAB has made 3 investments. Their latest investment was in Flashe Gaming as part of their Seed VC on May 5, 2020.

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PAAB Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/9/2020

Seed VC

Flashe Gaming

$0.31M

Yes

2

6/12/2019

Seed VC

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$99M

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10

12/10/2016

Unattributed VC

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$99M

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10

Date

5/9/2020

6/12/2019

12/10/2016

Round

Seed VC

Seed VC

Unattributed VC

Company

Flashe Gaming

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Amount

$0.31M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

PAAB Fund History

2 Fund Histories

PAAB has 2 funds, including PAAB I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2007

PAAB I

Early-Stage Venture Capital

1

PAAB II

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$99M

10

Closing Date

12/31/2007

Fund

PAAB I

PAAB II

Fund Type

Early-Stage Venture Capital

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Status

Amount

$99M

Sources

1

10

PAAB Team

3 Team Members

PAAB has 3 team members, including current Chief Executive Officer, Bjorn Berg.

Name

Work History

Title

Status

Bjorn Berg

Chief Executive Officer

Current

Björn Berg

Amic, Amersham Biosciences, and Syncron International

Chief Executive Officer

Current

Monica Hedberg

Owner

Current

Name

Bjorn Berg

Björn Berg

Monica Hedberg

Work History

Amic, Amersham Biosciences, and Syncron International

Title

Chief Executive Officer

Chief Executive Officer

Owner

Status

Current

Current

Current

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