Singapore’s Golden Equator Capital (GEC) has partnered with Korea Investment Partners to launch an S$120-million ($87-million) venture fund to make Series A and B investments in high-growth technology companies in Southeast Asia.
The joint fund will replace GEC’s own tech and innovation fund II, for which it had been seeking up to S$100 million, the venture capital firm’s founder and Group CEO Shirley Crystal Chua told this portal.