The Top VC’s in Singapore – Golden Gate Ventures – Empowering Investments In Singapore Through Human And Financial Capital

Founded by Silicon Valley professionals in 2011, Golden Gate Ventures is based out of Singapore and invests in technology startups across Southeast Asia, including APAC and ASEAN Countries.

Golden Gate Ventures – About The Company

Golden Gate Ventures was founded by Jeffrey Paine, Paul Bragiel and Vinnie Lauria, all Silicon Valley professionals. They typically make Seed and Early Stage investments in business processes and services, Mobile, FinTech and Software-as-a-Service (SaaS) startups. 

Fundraising

Golden Gate Ventures has raised $380 Million in funds across 5 rounds of investments. Their most recent round was in 2019, the Golden Gate Ventures x Hanwha Growth Round 1, which raised a total of $200 Million. This round alone raised over half of the total funds raised by the company in total. 

Since its inception, Golden Gate Ventures have invested in 30 companies in more than 7 countries in Asia. The focus group is mainly online and mobile startups in the field of E-Commerce, FinTech, SaaS and other innovative applications. The Silicon valley experience of the founding members is key to this focus group. 

Like all VCs, Golden Gate Ventures also provides the firms that they back with all kinds of support, advice and assistance to scale and expand their businesses. By leveraging their background, they can provide expert advice on product development, tech management, marketing strategies and growth tips in the field. 

The Roadmap

Golden Gate Ventures has made a total of 97 investments in total, and 30 of them lead investments. They have also made 7 exits and has a diversity investment in their portfolio as well.

The most recent investment by the firm was announced on June 2, 2021, in Tajir. The Pakistani B2B marketplace for small mom and pop stores raised over $17 Million in capital as part of their Series A round of funding.

They were also a lead investor in Mio App, a Vietnamese community application that allows individuals to shop together for fresh goods. This 2020 startup raised a seed funding of $1 Million and leverages the rising demand for online shopping at a local scale.

Their diversity investment was the US startup Obviously AI, an AI building platform founded and led solely by South Asians. Enabling its users to create and run AI models in a very short time, the company raised a seed funding of $3.6 Million in 2021. This ties into their attempts at investing in tech-heavy startups. 

Conclusion

The Southeast Asia Exit Landscape Report 2.0 is a follow up to another report published in 2019. The reports made by Golden Gate Ventures in partnership with business school INSEAD observed the business landscape in the SE Asian market, and how the following years will affect the startup ecosystem. 

The company projects that 2021 will see a record number of exits in the following years, attributing it to a maturing ecosystem, more secondary buyers and better Venture growth due to various forms of growth capital. The resilience of the SE Asian startup climate is also positive that will boost the market, and the firm aims to take full advantage of the same.

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