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Angela Teng · · 1 min readBrief: Golden Equator, Korea Investment to raise $87m venture fund
Daren Tan, managing partner of Golden Equator Capital (L); Shirley Crystal Chua, founder and group CEO of Golden Equator Group (C); and Baek Yer Hun, CEO of Korea Investment Partners (R). / Photo credit: Golden Equator / Korea Investment Partners
Golden Equator launches new US$87 million venture fund (Singapore). Together with Korea Investment Partners, the fund will invest in series A and B technology companies with high-growth potential in Southeast Asia. A small portion will be reserved for South Korean companies looking to enter the region through Singapore. Golden Equator said it currently has committed capital of 65 percent and is targeting completion of the fundraise by the end of 2018. (Golden Equator Capital)
Other news
Ecommerce startup Bizzy raises US$8 million pre-series B (Indonesia). The online marketplace for office supplies raised the funding in a round led by Sinar Mas Digital Ventures. Bizzy merged with ecommerce startup Alpha in May last year, with Alpha founder Andrew Mawikere becoming Bizzy’s CEO. (DealStreetAsia)
M17 Entertainment shelves US IPO (Taiwan). The parent company of Singapore-based dating app Paktor has officially canceled its initial public offering in the US. M17 didn’t explain its decision, but it said that the move was in line with past statements about postponing its US debut. (DealStreetAsia)
Editing by Jack Ellis, Judith Balea, and Eileen C. Ang
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