Published On: Wed, Jul 29th, 2015

Facebook Co-Founder Eduardo Saverin, Temasek Invest $35 Million in Asian Tech Startup Fund

Eduardo Saverin at the 8th ChinITC conference

Facebook co-founder Eduardo Saverin and Temasek Holdings Pte, the Singaporean government’s investment arm, and Monitor Capital Partners, a Belgium-based asset management firm, are among the leading investors in Golden Gate Ventures’ second fund, a new venture capital fund that will take stakes in technology companies in Southeast Asia.

The early-stage Golden Gate Ventures II LP has already raised $35 million and expects to gather an additional $15 million, according to Vinnie Lauria, managing partner of Singapore-based Golden Gate Ventures, in an interview on Tuesday.

“Southeast Asia [has] been our focus from day one, ” Vinnie Lauria, founding partner at Golden Gate Ventures, tells Tech in Asia. “When we first addressed Southeast Asia there was very little early-stage VC investment here with a Silicon Valley perspective, [whereas] China and India had tons of Valley-styled investors. That’s now changed for the better.”

To date, Golden Gate Ventures has made 25 investments across seven countries in the region. The deals, worth between $1 million and $10 million is expected to double to 40 next year in Southeast Asia, according to a Golden Gate study on the prospects for the region. Lauria says new portfolio companies will benefit from the firm’s vast regional network and Silicon Valley connections.

 Eduardo Saverin

99.co

Facebook co-founder Eduardo Saverin has a new business venture.

The son of a wealthy Jewish Brazilian family is one of a number of people

who have invested $2 million in the startup property search portal 99.co.

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Eduardo Saverin at the 8th ChinITC conference

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Eduardo Saverin at the 8th ChinITC conference

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