Golden Gate Venture Establishes New Fund of $ 100 Million for Southeast Asia – News

Golden Gate Ventures Singapore Announced that it will sign the latest (and third) funds for Southeast Asia for a total of $ 100 million.

As in the news announced at that time, the fund has reached its full capacity at the first closing in the summer. The seven companies announced that they will cooperate with limited fund partnerships such as existing funds, sovereign wealth funds in Singapore, Temasek, Korea Hanwa, Neighbor (owner of the courier application line), EE Capital. SOFTBANK, SONY Masayoshi, Real Estate Mitsui, Real Estate Investment Corporation, CTBC Group, Korea Venture Investment Corporation (KVIC), Mr. Mistrea who is the son of the son who is the founder of Aeon Pacific founder is the first investor of this fund.

Golden Gate is a former Silicon Valley-based trio, Vinnie Lauria, Jeffrey Payne And Paul Bradgel . We are investing in five markets in Southeast Asia, especially Indonesia and Singapore. This portfolio includes Carousell, Carro car market, P2P loan finance company, Omise and Alodokter. The former Golden Gate Fund was $ 60 million and it was closed in 2016.

Among the company's exits are the acquisition of Woomoo by Redmart to Lazada (not a hit), Priceline, the acquisition of Temanjalan by Line, the sale of Mapan (formerly Ruma) to Go – I k. He argues that the first two funds had cash dividends (DPI) 1.56 times and 0.13 times, respectively, IRR was 48% and 29%.

"When I compare technical ecosystems …

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Golden Gate Venture Establishes New Fund of $ 100 Million for Southeast Asia - News

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