Singapore's Golden Equator gets $18m strategic investment

The investment was led by Taizo Son, founder of Japanese seed-stage technology investor Mistletoe, and included other angels from Japan, Korea, Indonesia, Brunei, Taiwan, Singapore, and the Middle East. It will support a broad strategic agenda to bridge the investment ecosystems of Asia Pacific and the Middle East.

“Together with Taizo and the rest of the investors, we have an exceptional network of influential leaders in the region, which is vital in ensuring an effective and successful ecosystem building,” Shirley Chua, founder of Golden Equator, said in a statement. “In the next few months, we will also be speaking with more experienced angels in Asia Pacific to commit to further growing the Asia Pacific ecosystem.”

Founded in 2012, Golden Equator focuses on digital marketplaces, financial technology and enterprise services, as well as areas related to healthcare and urban technology. In 2015, the firm raised S$40 million for a real estate fund and S$40 million for a separate technology fund. A second technology fund closed at S$100 million in 2017.

The firm’s fund management company, Golden Equator Capital, also launched a S$120 million Southeast Asia technology fund last year in a joint venture with Korea Investment Partners. The fund operates out of Singapore’s Spectrum business club, a healthcare-focused co-working and start-up services facility founded by Golden Equator and Korean research organization C&R Healthcare Global.

Golden Equator operations also include a multi-family office, a financial technology platform focused on millennials, and a digital technology consulting unit that has secured a contract with the Brunei government. Last year, the firm launched an accelerator in Brunei aimed at helping local small to medium-sized enterprises expand across Southeast Asia.

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• Topics
• Southeast Asia
• Fundraising
• GPs
• Singapore
• MENA