Southeast Asia Offers Big Exits (Just Not Through IPOs) In the United States, the ideal exit for technology companies is immortalized in one iconic image: a CEO ringing the bell on the floor of the NASDAQ on the day of the company’s IPO. With the explosion of startup cultures in China and India, that image
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Grana, a Hong Kong-based fashion e-commerce platform, announced yesterday a US$3.5 million dollar seed funding led by Singapore’s Golden Gate Ventures. Other investors include VC firms MindWorks Ventures and Bluebell Group, both of Hong Kong. The new round brings the total amount raised by Grana to US$6 million and the company says it has a
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It’s an unprecedented merger event in Southeast Asia’s ecommerce history: Moxy, the women-focused ecommerce site with roots in Thailand today announced its fusion with Indonesian mom and baby products site Bilna. The resulting venture will go by the name of MoxyBilna. The strategic move will likely benefit both companies as they make a play to
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Competition is heating up on the independent app store front as Aptoide raises a US$4 million Series A from a mix of VCs from Europe, China and Southeast Asia. Before this round, Aptoide had first raised a US$1 million seed round in 2013 from Portugal Ventures’ “Call For Entrepreneurship,” a part of the firm’s Ignition
SEE MORESingapore – November 11, 2015 – Coming off the heels of three recent investments (HipVan, Omise, and Laku6), Golden Gate Ventures is announcing six additions to its portfolio, from Indonesia to Thailand. These new investments continue Golden Gate Ventures’ record of investing in e-commerce, marketplaces, and mobile services, with a strong focus on the largest
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Singapore – October 28, 2015, the online payment gateway, Omise, announced today that it has raised a new expansion round of financing from Golden Gate Ventures to help Omise’s expansion to Singapore and around the region. This is the company’s third financing after its previous USD $2.6 million raised in May. Founded in June 2013
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October 26, 2015 – Indonesia-based used phone ecommerce site Laku6 has secured an undisclosed amount of seed funding, after launching in July 2015, with Singapore-based Golden Gate Ventures leading the investment, followed by several local angel investors. Launched by co-founders Alvin Yap (CEO) and Heng Shing Kae (CTO), the founding team combines serial entrepreneurship and technical experience.
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HipVan (www.hipvan.com) announced today that it has closed its Series A funding of S$4.7m led by Singapore based Golden Gate Ventures with participation from East Ventures, Toivo Annus, LionRock Global, and other individual investors including the Managing Director & CFO of Barclays Asia Pacific. This is HipVan’s 2nd funding round following its S$1.65m seed funding
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