Golden Gate Ventures Invests Over US$6M in 6 New Companies
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Singapore – 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 market in the region, Indonesia.
Ruma is a for-profit social enterprise based in Jakarta, Indonesia, with a mission to “increase dignity, income, and access for the poor through technology”. To do this, Ruma targets Indonesians living below the $2.50 per day poverty line, and helps them become entrepreneurs. At the start of 2015, Ruma received funding from Golden Gate Ventures, Unitus Impact, and Omidyar Network.
“Golden Gate Ventures’ deep experience in Southeast Asia combined with their technical expertise made them an ideal investor, we’d recommend them without hesitation to any ambitious company in the region” – Benjamin Elberger, CFO