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The GEC-KIP Fund is a Singapore-based joint venture capital fund that invests in Series A and B stage technology startups across Southeast Asia. The firm targets technology sectors such as proptech, fintech, health tech, and e-commerce, while reserving capital for Korean businesses expanding regionally. Operating with a S$120 million fund size, the firm typically writes checks ranging from S$2 million to S$5 million and secured 65 percent of its target capital commitments upon launch. The firm's portfolio includes a US$2.3 million allocation to Vietnamese proptech platform Rever and a S$4 million lead investment in Singaporean marketplace Ohmyhome, supported by an advisory team featuring Mistletoe founder Taizo Son. The fund was established in 2018 as a joint venture between Golden Equator Capital managing partner Daren Tan and Korea Investment Partners chief executive officer Baek Yer Hun.
GEC-KIP Fund has 3 tracked investments across 3 companies. The latest tracked deal is $7.0M Series B in Jenfi in May 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2023 | Jenfi | $7.0M Series B | Akihiko Okamoto | Infinity Ventures Crypto, Atlas Ventures, Granite OAK, ICU Ventures |
| Apr 10, 2021 | WhiteCoat | $8.1M Series A | GEC KIP Fund | Asia Resource Corporation, JUI LIM |
| Feb 1, 2020 | Pop Meals | $18.0M Series B | — | 500 Global, BrandProject, Highland Capital Partners, Partech Ventures, The Finger Group, White Star Capital, JAFCO Asia, Rakuten Capital, Woowa Brothers, Y Combinator |
