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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

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

Venture More…

Eduardo Saverin at the 8th ChinITC conference

– Facebook’ co-founder Eduardo Saverin is one of Singapore’s most

prosperous expatriate. Singapore takes top position in Asia as a safe haven

for the wealthy: four out of ten of the richest in More…

Eduardo Saverin at the 8th ChinITC conference

Hopscotch, a Mumbai-based online retailer of babycare and children’s products,

has raised $11 million in a second round of funding led byFacebook co-founder

Eduardo Saverin and early-stage investor Velos Capital,  More…



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