VC firm launches local office to help fuel innovation in the tech startup sector.
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.
This oversubscribed series B round is the largest raised by a P2P lending platform in Southeast Asia.
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.
The delisting of MOL Global Inc from Nasdaq is not expected to cast a dark cloud over the South-East Asia tech startup ecosystem, as the region still promises high growth potential.
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.
With Japan’s SoftBank Corp investing US$250 million in taxi-booking app startup GrabTaxi, the Malaysian startup scene is finally getting some recognition, but the pressure is now on its management to dominate or die.
The Singapore Government has picked Golden Gate Ventures as one of six VC partners to help address the Series A crunch, reports Karamjit Singh.
Mobile marketplace startup Carousell has raised S$1 million in seed investment to fuel its ambitions in South-East Asia with the round led by Rakuten, Golden Gate Ventures, 500 Startups and angel investors Danny Oei Wirianto and Darius Cheung.
Still intrigued by the observations of scale and market size by Japanese venture capital firm CyberAgent Ventures, Karamjit Singh pursues the matter with some Internet heavyweights.