Golden Gate Ventures, Wavemaker Partners most prolific investors in SE Asia

For the last five quarters, two investors have stood out in Southeast Asia for the number of deals they participated in.

Singapore-based Golden Gate Ventures, which focusses on companies building out consumer internet products and services for Southeast Asia, has participated in sixteen funding rounds since April last year, according to researcher Tracxn.

Such rounds were worth about $38 million, mostly in seed and Series A rounds, in startups like Indonesian med-tech startup Alodokter, payments gateway Xfers, digital commerce facilitator Ayannah Information Solutions, fintech startup Lenddo, utilities mobile app ServisHero and Perx, an app to measure customer engagement.

California, US-based Wavemaker Partners comes a close second, with 15 deals. It has invested in companies such as Singapore-based communication app developer Wavecell, business analytics tool maker Einsights, 3D pen maker CreoPop, Arcstone and Kaligo.

In third place is Cyberagent Ventures, which participated in 12 deals, including Thailand-based job hunting app Getlinks, Indonesian industrial e-commerce site Ralali and Thai social media aggregator Stylhunt.

As is typical in the region, most rounds are at the seed and Series A levels. Late-stage funding is relatively rare, except for China.

The rest of the investors who make up the top 15 are as below:

Graph1investorsSEAAnirvan
Most prolific investors in Southeast Asia in last five quarters. Source: Tracxn

Shanghai-based Gobi Partners‘ participation in $15 million round in Indonesia e-commerce startup Orami and $8 million in restaurant listing site Qraved were among the highest among Southeast Asian investors.

In terms of size of funding rounds in which the region’s VCs led or participated, Intres Capital-led $12 million round for Malaysian fitness platform KFit, and Ardent Capital‘s participation in a $12 million for Indonesian grocery delivery startup Happyfresh rank highest.

That’s followed by NSI Ventures‘ participation in a $11.5 million round for Singapore-based innovative kitchen appliance startup Rotimatic, run by Zimplistic Inventions.

In terms of total investment size, EDBI’s $82 million round in investment tech firm M Daq ranks highest. However EDBI — the dedicated corporate investment arm of the Singapore Economic Development Board — is not a venture capital firm.

For purposes of this report, investments by accelerators and incubators have been excluded.

Also read:

Good times ahead: In India and Southeast Asia, venture funding back at 2015 levels

Taiwan banks explore promise, peril of Southeast Asia

Buyout firm CVC Capital said to poach HSBC’s top Southeast Asian dealmaker Alvin Lim

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.