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Golden Gate Ventures Closes US$60M Fund II for Southeast Asia
Golden Gate Ventures is announcing the final close of its second early stage venture fund. The final size of the fund is USD $60 million, with investors from across Asia, Europe and The Middle East. The fund was oversubscribed by USD $10 million, after initially targeting a fund size of USD $50 million. Having invested
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Facebook co-founder Saverin takes a shine to Singapore underdog
SINGAPORE (BLOOMBERG) – A decade after he got shunted aside at Facebook, Eduardo Saverin’s found another scrappy internet startup he’s proud to put his name behind. The billionaire is reinventing himself as an Asian venture capitalist and thinks he’s found a winner in little-known 99.co, a Singaporean house-hunting service founded by local wunderkind Darius Cheung.
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Golden Gate Ventures, Wavemaker Partners most prolific investors in SE Asia
For the last five quarters, two investors have stood out in Southeast Asia for the number of deals they participated in. Singapore-based Golden Gate Ventures, which focuses on companies building out consumer internet products and services for Southeast Asia, has participated in sixteen funding rounds since April last year, according to researcher Tracxn. Such rounds were
SEE MORETough to find investment-ready startups in Vietnam: Japanese angel Hajime Hotta
Vietnamese early stage startups show high potential but it is hard to find one that is investment-ready, opines Hajime Hotta, a prolific Japanese angel investor who set up Innovatube, a support programme for local engineers. Hotta acts as the first backer and mentor for a number of Vietnamese startups which went on to secure funding from
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Iswaran: Finance, law firms must embrace tech
FINANCIAL institutions, as well as law and accountancy firms, must “get comfortable” with the technology and innovation ecosystem, Minister for Trade and Industry S Iswaran said on Thursday at the launch of the S$500 million Venture Debt Programme (VDP) that supports high-growth enterprises. Speaking to reporters during a visit to homegrown vessel-monitoring company Ascenz Solutions,
SEE MOREIs the sweet deal for start-ups over?
Schemes where the Government chipped in 85% of funding have been a success, but going to the next level requires a taste of reality. Two generously funded government schemes for start-ups, which drew world attention for their success, are wrapping up after five years. But while the Government’s National Research Foundation (NRF) has signalled that
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Local services platform ServisHero raises $2.7M from Golden Gate Ventures, Cradle
Singapore-based venture capital firm Golden Gate Ventures has led the latest $2.7-million pre-Series A funding in Southeast Asia’s local services marketplace ServisHero, which also announced that it was expanding operations to Thailand – the third destination following Malaysia and Singapore. Cradle Seed Ventures, a venture capital fund supported by the Malaysian government, also participated in the round.
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