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Golden Gate's new fund surpasses US$50m target

Investors in S'pore-based VC's second fund include new partners from South Korea, Thailand and Germany

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GGV said that investors of the second fund include existing backers Temasek Holdings and Eduardo Saverin, as well as new limited partners Hanwha Life Insurance (from South Korea), Siam Commercial Bank (Thailand) and Hubert Burda Media (Germany).

Singapore

THERE is more money now in the pipeline for startups, as Golden Gate Ventures (GGV) - a Singapore-based venture capital (VC) firm focused on South-east Asia - said on Tuesday that it has closed a US$60 million early-stage venture fund.

The fund - GGV's second since its