09 October 2017, India:
Singapore-based firm Vertex Ventures, the venture capital arm of Temasek Holdings has closed its third Southeast Asian fund at $210 million, a record in the region that exceeded its target of $150 million.
Vertex plans to continue its strategy of investing in early-stage technology companies in southeast Asia and India across enterprise technology, financial technology and consumer internet, it said in a statement.
Vertex Venture Holdings focuses on venture capital investment opportunities in the information technology and healthcare markets, primarily through the global family of direct investment venture funds. Headquartered in Singapore, it collaborates with a network of global investors who specialize in local markets.
Vertex was an early investor in ride-hailing firm Grab. In July, Grab announced a $2.5 billion fundraising round, which a source said values it at $6 billion. Vertex’s recent investments include SpaceMob, which has been acquired by co-working space startup WeWork, remittance payments firm InstaRem and digital marketer Synup as per the report by Bloomberg.
The Vertex Global Network encompasses Silicon Valley, China, Israel, India, Taiwan and Southeast Asia.