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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

Published Tue, Jun 14, 2016 · 09:50 PM

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 founding in 2011 - was US$10 million oversubscribed after it initially targeted a fund size of US$50 million, the size of GGV's first fund in 2014.