Singapore’s Golden Gate commits $4m to six start-ups

These new investments continue the firm's record of investing in e-commerce, online marketplaces and mobile services, with a strong focus on Indonesia, it said in a statement.

Three out of the six new investments are based in Indonesia, including online health information portal Alodokter. The start-up also received seed funding from Fenox Venture Capital and 500 Startups. The other two investments are Ruma, a for-profit social enterprise platform, and Indotrading, which claims to be the largest online B2B e-commerce marketplace in the country.

In Thailand, Golden Gate has invested in Claim Di, a mobile app that facilitates claims between drivers and insurance companies, and authentication hardware developer Stamp. It has also committed an undisclosed sum to Malaysian e-commerce technology solutions provider GoQuo.

Founded in 2011, Golden Gate has backed more than 30 companies across more than seven countries in Asia. To date, the portfolio has raised over $150 million in the region.

The GP reached a first close of $35 million on its second Southeast Asia-focused fund in July. The vehicle, which launched last year with a target of $50 million, focuses on internet and mobile-focused start-ups, particularly in e-commerce, payment, marketplaces and software-as-a-service (SAAS).

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• Topics
• Southeast Asia
• Venture
• Early-stage
• Southeast Asia
• Venture
• TMT
• Golden Gate Ventures
• Indonesia
• Thailand
• Malaysia
• Growth capital
• seed