Golden Gate Ventures | Venture Capital for Southeast Asia


Payment company Xfers wins police award for fighting cybercrime

Xfers co-founder Samson Leo (left) with Singapore Police Force senior investigation officer of the Technology Crime Division, Mr Edwin Choo. Xfers, like PayPal, works by having users top up their e-wallet to trade online. ST PHOTO: GAVIN FOO Xfers co-founder Samson Leo (left) with Singapore Police Force senior investigation officer of the Technology Crime Division,


Online Marketplace Carousell Reveals $85M Investment Boost, Makes ‘AI-First’ Pledge

Carousell co-founder and CEO Siu Rui Quek Singapore-based e-commerce platform Carousell announced Monday that it had raised $85 million in Series C funding led by Rakuten and EDBI — a timely boost to its coffers as it improves its fast-growing classifieds app and innovates in spaces like artificial intelligence. After launching in 2012, Carousell now


Singapore’s auto marketplace Carro closes $60m Series B led by SoftBank Korea, others

Singapore’s online automotive marketplace Carro on Monday announced that it has secured a series B funding of $60 million in a round led by SoftBank Ventures Korea, Insignia VenturesPartners and B Capital Group. The deal was also participated by the family office of Manik Arora (Founder of IDG Ventures India), while existing investors Venturra, Singtel Innov8,

Funding Societies co-founders Reynold Wijaya and Kelvin Teo. Imgge credit by Image Credits: Funding Societies

Funding Societies, a Southeast Asian lending platform, gets $25M Series B led by Softbank Ventures Korea

Funding Societies co-founders Reynold Wijaya and Kelvin Teo. Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglomerate’s early-stage venture capital unit. The round included returning investors Sequoia India, which led the Singapore-based startup’s Series A

OrangeTee & Tie managing director Steven Tan, Second Minister for National Development Desmond Lee and Carousell co-founder and CEO Quek Siu Rui at the OrangeTee & Tie Business Conference on Friday.  PHOTO: ORANGETEE

OrangeTee & Tie teams up with Carousell on property listings

 Singapore ORANGETEE & Tie, Singapore’s third-largest property agency by sales force, has tied up with homegrown Carousell to add the property listings and reviews of its more than 4,000 agents to the online marketplace. The collaboration comes on the heels of the launch of SoReal Prop last week, an online platform initiative led by top


Grana is opening a pop-up store in Singapore for 4 weeks

Shopaholics, it’s time to loosen your purse strings. Minimalist brand Grana is opening a pop-up store in the quaint neighbourhood of Tiong Bahru for 4 weeks starting from March 4.   The pop-up store will carry its newest Spring/Summer collection as well as Grana’s best-selling classic styles in Chinese silk, Peruvian pima cotton, Japanese denim, French linen and

Block chain

Omise and ETDA Sign MoU to Improve Thailand’s Digital ID Program

Omise, the popular blockchain-oriented company, recently signed a Memorandum of understanding with ETDA. This Thai government agency will collaborate with Omise on building a national eKYC portal. It is the first venture of its kind to become available in Thailand. Both entities will focus on exchanging information, experience, and technical information. This MoU was signed by both parties in


Marketplace for elderly care raises funding from prominent VCs

As tech startups turn toward the healthcare space, one particular segment of the population stands to benefit the most: the elderly. Aging population is one of Singapore’s key demographic problems – 12.4 percent of the city-state’s 5.5 million people were over 65 in 2016, up from 8.4 percent a decade before. Many of these senior citizens require