Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has reached a final close for Golden Gate Ventures Fund II with US$60 million in capital commitments, exceeding its original US$50 million target. Investors in the fund included Singaporean sovereign wealth fund Temasek, angel investor Eduardo Saverin, Korea-based Hanwha Life Insurance, Thailand-based Siam Commercial Bank and Germany-based media conglomerate Hurbert Burda Media. The fund will invest in early-stage technology companies in Southeast Asia.