Temasek-backed VC firm Vertex Ventures raises $210 million in third fund

Singapore-based Temasek backed Vertex Ventures has raised $210 million in its third fund, exceeding its target of $150 million for its Southeast Asia and India fund SEA III.

Vertex SEA India is also the first institutional investor also an early investor in Indian companies such as FirstCry, XPressBees, and Yatra. With the fund. the company plans to keep investing in promising, disruptive and transformational opportunities and build them into global champions.

Speaking after the funding, Kee Lock Chua, Managing Partner of Vertex SEA/India said,

“We were happy with the strong interest we received from investors towards deploying capital in startups in this region. In addition to Singapore and India, countries like Thailand, Indonesia, and Malaysia have accelerated their support for the startup and Venture Capital ecosystem. We are thankful to our investors who believe in this opportunity and have supported us.”

Fund I and II which came in 2010 and 2014 respectively are fully funded by Temasek Holdings via Vertex Venture Holdings. Fund III is the first fund with external Limited Partners (LP)

Vertex Venture focuses on venture capital investment opportunities in the information technology and healthcare markets, primarily through our global family of direct investment venture funds.

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The Vertex Global network includes Silicon Valley, China, Israel, India, Taiwan and Southeast Asia.

Vertex all over the world manages assets of about $1.5 billion across all its funds, while it manages about $400 million across its Southeast Asian and Indian-focused investment vehicles. So far, the company's VC has announced about six investments in startups like Synup- a digital marketing for local businesses firm, Validus- a digital SME lending startup, Ace Turtle and Cloudcherry.

Recent Investments of Vertex Ventures

The company made an investment of $5 million in Series A round funding in Ace Turtle in May 2017.

In February 2017, the firm invested $7.5 million in Flutura Decision and Analytics along with Lumis Partners and existing investors in its Series A funding. In September 2017, it invested $6 million in CloudCherry along with Cisco Investments and IDG Ventures India.

Vertex Ventures: Website