| Singapore-based Golden Gate Ventures has closed a new $60 million fund for Southeast Asia’s rapidly-growing startup ecosystem. The firm first announced its new fund last summer, when it had closed an initial $35 million in capital from investors including Facebook co-founder Eduardo Saverin, Singaporean sovereign wealth fund Temasek and Naver, the Korea-based owner of soon-to-go-public chat app Line.
Now it has surpassed its original target of $50 million having added a range of new backers that include Korea’s Hanwha Life Insurance, Thailand’s Siam Commercial Bank, and Germany’s Hubert Burda Media...............................................Full Article: Source
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