Eduardo Savarin, one of the pricipal investor of Golden Gate Venture (Photo: Getty Images)
The Singapore-based Golden Gate Ventures has recently announced its decision to invest 50 million USD in Southeast Asia.
The Today Singapore cited Vinnie Lauria, Managing Partner of the company, as saying it has mobilised an initial 35 million USD of the fund from a range of prominent investors, including Singaporean government fund Temasek Holdings and Facebook co-founder Eduardo Saverin.
The overall investment will be distributed to acquiring shares in tech companies across the region.
Lauria said part of the attraction for Temasek is the access the new fund will give to a range of early-stage investments which will help it assess companies for further potential investments.
Founded in 2012, the Golden Gate Ventures has thus far sealed deals with 20 Asian companies, such as Redmart, an online grocer operating in Singapore, and Carousell, a social commerce start-up.
The firm foresees a rise in venture-capital business in Sout🀅heast Asia and estimates that 🔜85 million USD will be poured into the region within 2015, similar to injections seen in India in 2010 and China in 2005.-VNA
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The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
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The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Eduardo Savarin, one of the pricipal investor of Golden Gate Venture (Photo: Getty Images)
