MARKETS & INVESTING | Staff Reporter, Singapore

Golden Equator clinches $24.6m from APACMEA investors

The proceeds will enable the group to expand its network in APAC and the Middle East.

Singapore’s homegrown group of companies, covering financial services, consultancy, and technology and innovation community, Golden Equator has received a $24.6m strategic investment from investors based in the Asia Pacific and Middle East (APACMEA) to build the regional innovation ecosystem, an announcement revealed.

The strategic investment is said to mark Golden Equator’s first since its founding in 2012 by Shirley Crystal Chua. The investment was led by venture ecosystem builder Mistletoe’s founder Taizo Son, whilst other individual investors hailed from Japan, Korea, UAE, Qatar, Indonesia, Brunei, Taiwan, and Singapore.

The investment follows Golden Equator’s announcement of Taizo Son as its Group Special Advisor in January 2018 which shared the intention of bringing together individuals, businesses, and government-level agencies to build a business ecosystem centred on technology and innovation.

According to the announcement, the investment will enable the ecosystem builder’s business evolution, including overseas expansions, to continue using Singapore as the base to connect the broader Asia Pacific and Middle East regions to build a transformational environment.

Golden Equator serves clients in 12 countries with a diversified mandate covering 10 markets. Its fully-owned subsidiaries includes real estate and technology fund management firm Golden Equator Capital, and Golden Equator Wealth, a multi-family office offering ultra high net worth (UHNW) individuals professional services to simplify their complex wealth demands. Fintech solution platform Asia Finance, digital and tech-focused business consultancy Golden Equator and community-driven shared workspace SPECTRUM are also under its belt.

On May 6, Golden Equator’s multi-family office, Golden Equator Wealth, will also be launching its NextGen Programme and its Family Office publication, the announcement revealed. The NextGen programme reportedly aims to mould next-generation members of business families into future leaders through a customised curriculum across finance, wealth management, entrepreneurship, and leadership development.  

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