Go-Ventures, backed by Indonesia’s GoTo, announced Tuesday it has raised the second fund at $240 million and rebranded as Argor Capital “to reinforce the investment firm’s independence and expanded capabilities to drive growth” for its portfolios.
Argor Capital started in 2018 with GoTo backing to invest in startups in Southeast Asia. Though GoTo will remain one of the investors in Argor’s latest fund, Argor’s investment decisions will continue to be independent of GoTo and other limited partners, according to the VC firm.
“While we are rebranding at
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