Golden Gate Ventures Fund III closes, anchored by existing investors Temasek, Hanwha, Naver, and EE Capital with new investors such as Taizo Son’s Mistletoe, Mitsui Fudosan, IDO Investments, CTBC Group, Korea Venture Investment Corporation (KVIC), and Ion Pacific.
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.
KL-based on-demand services startup ServisHero has raised US$2.7 million in a pre-Series A round led by Singapore-headquartered Golden Gate Ventures, with participation from Cradle Seed Ventures.
Golden Gate Ventures (GGV) has launched the US$50-million Golden Gate Ventures Fund II LP fund, its second for South-East Asian tech startups, and has released a research report on the VC investment climate in the region.
What happens when startups up-and-leave the country after getting their Series A or B funding, especially after getting their start via public funds?
Golden Gate Ventures’ Justin Hall on what Singapore is learning from the US state of Delaware, and why the island-republic looks set to remain the regional startup and funding hub for the foreseeable future.
Singapore-headquartered Coda Payments has announced partnerships with telcos and digital merchants which would allow their customers to make digital payments without the need for a credit card.
US payments giant PayPal and payment gateway Braintree have announced the launch of Startup Blueprint in eight markets in Asia Pacific: Australia, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore and Taiwan.
The one-to-one funding partnership announced last month by Malaysia’s Cradle Fund and Singapore-headquartered Golden Gate Ventures aims to not only bridge the funding gap in the local ecosystem, but also arrest the ‘entrepreneurial brain drain,' says Cradle chief Nazrin Hassan.