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Golden Gate Ventures / Hanwha Joint Venture is a venture capital and private equity joint venture for investing in technology startups in Southeast Asia. The joint venture is between Golden Gate Ventures and Hanwha and will focus on making series B investments primarily in consumer technology, mobility, commerce, and logistics companies operating out of Southeast Asia.
The joint venture between Golden Gate Ventures and Hanwha began after both firms realized their was a series B funding gap in Southeast Asia due to a lack of available growth-stage funding. The fund will seek to take advantage of the growing middle class, growing rates of mobile and internet usage, increasing technology penetration, and the increasing online consumer spending in Southeast Asia.
On March 18, 2019 Golden Gate Ventures / Hanwha Joint Venture announced plans to raise a $200 million venture capital fund. At the time of their announcement, the firm already had $80 million secured from investors.
