Hanwha's investment management arm has joined VC firm Golden Gate Ventures for a series B-stage fund that has already raised $80m.
Hanwha Asset Management, an investment subsidiary of diversified South Korea-based conglomerate Hanwha, has joined venture capital firm Golden Gate Ventures to raise $200m for an investment partnership, Bloomberg reported today.
The two have already secured $80m in capital for the fund from external investors, according to people familiar with the matter. The as yet unnamed unit will target consumer-focused technology companies in Southeast Asia, investing around series B stage.
Vinnie Lauria, managing partner at Singapore-based Golden Gate, told CNBC: “Just…
