Messaging app provider Naver and property developer Far East are among the limited partners that supplied $35m for the fund's first close.
Singapore-based venture capital fund Golden Gate Ventures reached the first close of its $50m second fund yesterday, securing $35m from limited partners including instant messaging company Naver and property developer Far East Organization.
Naver, the Korea-based owner of messaging app Line, and Far East, which invested through its Far East Ventures VC unit, were joined by investors including Singaporean sovereign wealth fund Temasek, Netherlands-based family office Monitor Capital Partners and Eduardo Saverin.
Golden Gate seeks to bridge the gap between…
