Golden Gate Ventures
China to Singapore: A VC invasion
Chinese venture capital firms are establishing and expanding operations in Singapore in response to challenges at home and to address the Southeast Asian market. Do they have staying power?
Carousell buys VC-backed Indonesia re-commerce platform
Carousell, a Singapore-based mobile classifieds marketplace for second-hand goods, has acquired Indonesian re-commerce platform Laku6 with support from Temasek Holdings-owned Heliconia Capital.
Southeast Asia tech: Resilient with an asterisk
Southeast Asia’s booming tech space no longer lends itself to an easy narrative. As start-up fever cools globally, the region charges forward. Cracks are beginning to show but so are counterintuitive bright spots
Indonesia insurance start-up Fuse raises $25m
Fuse, which claims to be Indonesia’s largest insurance technology start-up, has raised $25 million in a Series B extension. It comes within six months of a $50 million Series B featuring East Ventures.
Indonesia e-commerce platform Orami sold to local strategic
Orami, an Indonesian mother-and-baby-focused e-commerce platform backed by numerous venture capital investors, has been acquired by Sirclo, a local e-commerce enabler. Financial details were not disclosed.
AVCJ Awards 2020: Deal of the Year - Small Cap: TaniGroup
Openspace Ventures played a key role in helping Indonesian agriculture technology start-up TaniGroup achieve critical mass as COVID-19 weeded out much of the competition
Deal focus: Indonesia’s GoPlay changes the channel
Golden Gate Ventures is backing GoPlay, a media streaming spin-out from Indonesia's GoJek, to tap an underserved Southeast Asian audience with local recreations of popular international TV shows
Golden Gate leads funding round for Gojek streaming service
GoPlay, the streaming service of Indonesian ride-hailing and online-to-offline (O2O) services platform Gojek, has raised funding led by Golden Gate Ventures.
VC-backed Ayannah merges with India's ECAPS
Philippines financial services player Ayannah, which is backed by Golden Gate Ventures, has merged with India’s Electronic Cash and Payment Solutions (ECAPS).
Singapore's Ninja Van raises $279m Series D
GeoPost, a logistics division of French postal services giant La Poste, has led a $279 million Series D round for Singapore last-mile delivery start-up Ninja Van.
Southeast Asia VC: Different strokes
Ahead of an expected increase in LP interest, Southeast Asian VCs vie to stand out from the crowd by fine-tuning strategies to capture the virtues of both generalists and specialists
Singapore's Carousell merges with Asia assets of Telenor
Singapore-based online consumer-to-consumer marketplace Carousell has merged with the Southeast Asia subsidiary of Norwegian telecommunications giant Telenor Group.
Indonesia’s Alodokter gets $33m Series C
Indonesian insurer Sequis Life has led a $33 million Series C round of funding for Alodokter, a local super app operator that connects patients with doctors and healthcare information.
Singapore's Carro raises $30m for extended Series B
Singaporean auto marketplace operator Carro has raised $30 million from investors including SoftBank Ventures Asia as part of an extended Series B round.
Indonesian logistics player Ritase gets $8.5m Series A
Ritase, an Indonesian technology provider for the trucking industry, has raised an $8.5 million Series A round led by Golden Gate Ventures.
Deal focus: TaniGroup plants a seed for Indonesia agtech
TaniGroup was established to address an information disparity that prevents Indonesian farmers from making more money. Several VC investors are now backing it to become a broader platform
Openspace backs Indonesian agtech start-up
Openspace Ventures has led a $10 million Series A round for Indonesian agricultural technology start-up TaniGroup.
Southeast Asia VC: Growth agenda
Growth funds targeting B and C rounds for technology start-ups continue to gain traction with Southeast Asia venture capital managers keen to fill the late-stage funding gap
Golden Gate, Hanwha target SE Asia's Series B rounds
Singapore-based venture capital firm Golden Gate Ventures has partnered with South Korea's Hanwha Asset Management to invest in Series B rounds for Southeast Asian start-ups.
Golden Gate commits $18m to Malaysia
Singapore-based Golden Gate Ventures has committed to invest MYR75 million ($18 million) in Malaysian technology start-ups and opened a new office in the country.
Asia corporate VC: Company towns
Acceleration of development in the technology space is giving rise to a new generation of corporate VC investors. Building an identity separate from their parents is crucial to the success of these emerging firms
Philippines start-ups: Cultural baggage
The Philippines is said to be at a tipping point where growing investor interest is set to culminate in the country’s first global start-up success story. A subtle malaise, however, is offsetting expectations
Golden Gate closes SE Asia VC fund at $100m
Golden Gate Ventures has closed its third Southeast Asia-focused fund at $100 million. Like its predecessors, the oversubscribed fund will invest in start-ups using technology to disrupt traditional business models in the consumer sector.