Gomif Partners Launches Startup Fund in New York

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We believe the raise of new VC funds will enable us to leverage on untapped opportunities to accelerate development of the social business startup industry, both Europe and emerging markets.

Gomif Partners, co-lead by philanthropist and investor Tey Por Yee (Larry), is launching a startup fund, call Socialpreneur Growth Fund, to invest in social business concept startups and growth stage financing for innovation and technology-related companies in Europe, as well as within the Asia Pacific region.

We believe the raise of new VC funds will enable us to leverage on untapped opportunities to accelerate development of the social business startup industry, both in Europe and emerging markets.

The road shows with target of $200 million in few rounds of fund raising, started in London, Singapore and is currently in New York.

The co-leader has gathered a group of like-minded investors, from venture capitalist, former hedge fund managers, enterprise owners and a handful of others, to join in the fund. Gomif Partners earlier said the fund will invest in “social responsible business concept that has the potential to deliver cheap and promote sustainability to the world.”

Earlier this month, the socialpreneur-focused startup accelerator, announced the soft-launch of its Accelerator’17 program in Singapore as well as Japan. Startups can apply to be part of the program beginning in the early part of January 2017. Gomif and its advisors will mentor the winning companies and help them enhance their business plans and products. As a part of the partnership, Gomif will also pick up equity stake in these companies.

Socialpreneurship is a young but rapidly growing business concept in global economy, led by an innovation-driven ecosystem, and a large consumer base. Fintech is the latest focus, on top of big data analytics and robotics, among the hot segments.

The program will provide startups with the unique opportunity to work together with Gomif Partners and associates and influential players in each of their business segments. Gomif Partners will also provide mentorship, office space and access to funding and a network of industry partners, investors and venture capital firms for up to 5 selected global social business startups.

To kick off, startups are invited to apply for Gomif Accelerator’17 https://gomif.com/2016/11/21/accelerator17-gomif-seed-round/.

Submitted applications will be reviewed between January 9, 2017, and March 31, 2017.

About Gomif Partners
Gomif Partners (GP) is an early stage investment advisory network joint lead by socialpreneur Larry Tey Por Yee and several private venture partners. GP’s investors invest in and work with information technology companies at any stage but they are primarily focused on seed and early stage investments. GP is interested in social responsible business models, especially renewable, retail, manufacturing, software and services surrounding this concept. Visit http://www.gomif.com

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