Early Stage Funding
Singapore-headquartered Golden Gate Ventures has secured US$60 million for its second early stage venture fund; with founding partner Vinnie Lauria arguing that Vietnam is the most under-rated economy in SEA.
Singapore’s National Research Foundation has awarded four local enterprises with VC funds worth a total of S$40mil from its Early Stage Venture Fund Scheme.
Cradle Fund has grown its co-investment programme fund size to RM107.2 million (US$25.11 million) after tying up with four additional partners: Senior Marketing System Asia, East Ventures SEA 2, MOC Capital and Qeerad Holdings.
Singapore’s National Research Foundation (NRF) will soon be launching the third instalment of the Early Stage Venture Fund (ESVFIII) to encourage local enterprises to establish their own venture funds.