Golden Gate closes $100m third fund with backing from Temasek, Naver

The central business district in Singapore. Photographer: Ore Huiying/Bloomberg

Singapore’s Golden Gate Ventures closed its third fund at $100 million to accelerate investment into Southeast Asian consumer internet startups.

The fund was oversubscribed and anchored by existing backers including Temasek Holdings Pte., South Korea’s Hanwha, Naver Corp. and EE Capital, the firm said in a statement. New investors included Japanese entrepreneur Taizo Son’s Mistletoe Inc. and Korea Venture Investment Corp.

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