Golden Gate Ventures raises US$100m fund

The new fund is expected to have a first close before the end of this month and the final close by the end of 2018.

Bloomberg reports that Singapore’s Golden Gate Ventures is raising a US$100m third fund to continue investing in Southeast Asia’s burgeoning market for e-commerce, payments and mobile apps, according to a person familiar with the matter.

The new fund is expected to have a first close before the end of this month and the final close by the end of 2018. Golden Gate Ventures was one of the earliest VC firms to target Southeast Asia’s nascent technology sector. It has since launched two funds and invested in more than 30 companies across the region, including Carousell and Alodokter and Appota Corp.

Read the full report here.