Temasek Holdings' Vertex Ventures raises $210mn in latest funding round

Vertex Ventures, the investment arm of Singapore-based Temasek Holdings, has raised $210mn in its latest funding round.

Vertex calls itself Singapore’s largest venture capital firm and mainly invests in start-ups across India and South-East Asia.

Vertex recently invested in Southeast Asian Uber rival Grab, which raised $2.5bn in its latest round of funding.

See also: 

$2bn invested in Ola by Softbank, Tencent

Go-Jek plans expansion across Southeast Asia

Business Review Asia - October edition now live! 

Vertex has stated it will mainly invest the capital in Series A rounds, and past precedent suggests it will continue to invest in start-ups like Grab. Other notable investments in India have included FirstCry, CloudCherry and Xpressbees.

The firm will invest amounts between $3mn and $5mn.

It will mainly invest in enterprise technology, Fintech and consumer internet services.

The fund was first announced in August 2017 with a target of $150mn, meaning its actual value has exceeded the target by 40%.

Chua Joo Hock, managing partner of Vertex Southeast Asia and India has stated: “We will expand our presence to other Southeast Asian countries to better access local opportunities.”

Temasek Holdings is a state-owned holding company based in Singapore. It was founded in 1974, and Vetex Ventyre Holdings was incorporated in 1988.

Vertex now has offices in Singapore, Bangalore and Jakarta.

The fund, SEA III, is the first fund with external investors which include Thailand’s Kasikornbank and Taiwan’s Cathay Life Insurance Co. Previously, funds were backed by Temasek itself.

Share

Featured Articles

Top 10 female executives leading Japan's charge for change

As Japan pledges a 30% target for women executives at big firms by 2030, we spotlight 10 female corporate leaders blazing a trail in the country

Top 10 most valuable unicorns in China – phones to drones

Home to the world’s most valuable unicorn, not to mention the fastest growing, China may be trailing the US on numbers, but it is catching up – and fast

Top 10 fastest-growing energy companies in the APAC region

Business Chief takes a look at the top 10 fastest-growing energy companies in the APAC region, according to rankings from S&P Global Commodity Insights

Top 10 Chief Financial Officers in India

Corporate Finance

Top 10 largest companies Malaysia and the CEOs who helm them

Leadership & Strategy

5 high-profile CEO moves across Asia-Pacific this month

Leadership & Strategy