Singapore’s startup scene is booming and there are no signs of this stopping. Recently, CapitaLand Singapore announced that it is setting up a venture fund of S$100 million aimed at supporting Singapore startups.
Other venture capital firms continue to establish funds to support innovative entrepreneurs to achieve their dreams. Here are some venture capital firms and their funds which you may want to consider if you’re raising money for your company.
Golden Gate Ventures, Fund II
A venture capital firm that ‘aims to bridge San Francisco and Asia’, Golden Gate Ventures is definitely one of the top VC firms entrepreneurs should look out for when sourcing for funding. Golden Gate Ventures has invested in growing companies such as Redmart and Carousell. Just two weeks ago, it closed its US$60 million Fund II. The company focuses its investments on early stage technology companies in Southeast Asia. In March 2012, it was accredited as a Technology Incubation Scheme Incubator by Singapore National Research Foundation. If you own a tech startup looking for VC investment, Golden Gate Fund II is one to take note of.
500 Startups, various funds
500 Startups has already set up six different funds this year, including 500 Kulfis, microfund, WinterFund, 500CAN, 500 FinTech, and 500 Startups Vietnam – adding up to US$615 million (S$828.25 million) of funding. With many different funds that focus on various mandates, 500 Startups provides a great opportunity for innovative entrepreneurs to seek a suitable fund to grow their businesses.
Jungle Ventures, Fund II
With US$100 million raised for the second fund, ten times more than its first, Jungle Ventures is looking into even more revolutionary business ideas. The first fund has performed impressively, with three exits, acquired by Twitter, HomeAway and IMD. It is no wonder that investors are so interested in Jungle Ventures’ second fund. Focusing on e-commerce, Jungle Ventures has already invested in multiple e-commerce businesses such as Livspace, a furniture e-tailer based in India, and CatchThatBus, a ticketing service in Southeast Asia. Jungle Ventures has also made many investments in seed funding and Series A fundings in Singapore.
GREE Ventures, Fund III
A Japan based firm, GREE Ventures invests in seed and early stage businesses. Keeping up with the trend, its investments mainly focus on technology services such as mobile apps, e-commerce and advertising technology. In the past, GREE Ventures has invested in many Japanese companies. However, with an office now set up in Singapore, they are now looking into investing in companies in Southeast Asia and East Asia. Having raised US$60 million for its third fund, GREE Ventures will be a good source for funding for entrepreneurs.
Walden International is a global venture capital firm. Having invested in more than 60 companies in this region, it has certainly established itself in Southeast Asia.
Focusing on Korea and Singapore, Walden International invests mainly in early stage semiconductors, internet and digital media and software businesses. The most popular sports camera, GoPro is backed by Walden International, proving its great foresight in investments. Even though many of the funds are undisclosed, we’re sure this company has some great deals to offer.
Starting a business was hard work in the past, especially given Singapore’s financial constraints. The rise of venture capital funds has made the fund raising process so much easier.
If you own a startup and need funding, make sure you don’t miss out these funds, and find the most appropriate venture capital firm to coach you along the way.