Menu
KrASIA
News

Singapore’s Vertex Venture Holdings closes new fund with USD 305 million for Southeast Asia and India

Written by Thu Huong Le Published on 

Share
Vertex Ventures Southeast Asia & India will commit investments to early-stage Series A technology companies.

Vertex Venture Holdings said today that it has closed a new fund of USD 305 million for Southeast Asia and India, exceeding its original target of USD 230 million and underlying growing interest in the regions.

This comes after the fund, which has backed companies such as Grab, Validus, and Tickled Media, announced in May its first close with USD 230 million.

The new fund is backed by both existing and new limited partners, including sovereign wealth funds, financial institutions, corporations, and family offices across Asia and Europe, according to the press statement.

Joo Hock Chua, managing partner of Vertex Ventures for Southeast Asia and India, said the goal is “to continue looking for high-growth startups in the region that we can build into global champions.”

Vertex Ventures Southeast Asia & India has made more than 40 investments across the region and will continue its strategy of investing in early-stage Series A technology companies in the regions, covering areas like enterprise technology, financial technology, and consumer internet.

Earlier in September, Vertex Growth Fund, which is also another fund within the Vertex network, also announced a final close with USD 290 million for its initial fund.

 

Share

You might like these

  • News

    Delivery Hero launches USD 60 million fund for early-stage startups

    By 

    MENAbytes

    13 Jan 2021    11:35 AM

KrASIA InsightsKrASIA Insights

  • Chinese entertainment firms are betting on the booming trend, but will virtual shows remain a thing after the pandemic?

    Insights

    Virtual concerts to break through to the mainstream, or just a passing fad?

    By Wency Chen

    16 Jan 202101:05 AM

Most PopularMost Popular

See All