Hanwha Asset Management and Golden Gate Ventures' purported $200m growth-stage vehicle has reportedly hit a snag in the fundraising process.
The $200m fund being jointly raised by South Korea-based conglomerate Hanwha and venture capital firm Golden Gate Ventures has stalled, DealStreetAsia reported yesterday, citing multiple industry sources.
Hanwha subsidiary Hanwha Asset Management and Golden Gate Ventures were reported in March 2019 to have raised $80m from external backers for the fund, which would invest in Southeast Asian consumer technology developers at roughly series B stage.
A source told DealStreetAsia the firms have not agreed on respective responsibilities for the…
