Singapore venture capital firm eyes North Asia play
Golden Equator Capital is making moves to help startups scale up in the region and to facilitate potential M&As
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Claudia Chong
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Singapore
VENTURE capital firm Golden Equator Capital's (GEC) move to launch a S$120 million fund with Korea Investment Partners (KIP) earlier this year comes on the back of push-pull factors - the need for South-east Asian startups to expand into North Asia, and the growing interest of large Korean firms in these startups.
GEC's managing partner Daren Tan told The Business Times that the firm is intent on building regional icons with the ability to expand beyond South-east Asia.
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