BEAMSTART

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Singapore’s Zenyum closed $13.6 million funding — set to expand both its market reach and product line

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SG Bike acquired Mobike’s fleet in Singapore for $1.9 million — users can ride for free

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Singapore-based digital payments company 2C2P raises $52 million.

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Singapore’s AI-powered firm raised $9 million from its Series A round

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Hong Kong’s Volt14 bagged $955k from 500 Startups — to innovate on a longer lasting battery material

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Indonesia’s HarukaEDU closed its Series C funding round — expanding its education service into B2B transaction

SIG, an Ameriacan global trading form led the funding round.

Malaysia’s NEXEA invests $60,160 into five local early-stage startups

NEXEA chose the top five startups from NEXEA Startup Accelerator and Startup-Corporate Pilot programs.

Pop Up Asia is quickly becoming one of Taiwan's largest lifestyle trade-shows.

Bringing together international travellers and lifestyle product enthusiasts from all over the world.

Indonesian proptech startup, Travelio raised $18 million in a Series B round — expanding its marketing and operation

Aims to serve Indonesian rising middles-class demands for temporary housing.

One of Taiwan's largest Startup Festivals, Meet Taipei, kicks off today.

Bringing together thousands of attendees and over 400 exhibiting startups across Asia.

Xiaomi invests in EV startup, XPeng — raises $400 million in funding for growth

XPeng is now valued at $4 billion.

Taiwan Startup Stadium to hold regional startup conference, #AsiaRocks

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Foreign investments in Philippines decrease further in August.

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Vertex Ventures VC firm has raised $290m for high growth companies.

The fund will focus on investing $10 - $15 million in growth stage companies.

Ashley Lee15 Sep, 2019

BEAMSTART - Vertex Ventures VC firm has raised $290m for high growth companies.

Singapore-based venture capital firm Vertex Ventures has reached the first close of their late stage-focused fund, amounting to $290 million.

The Vertex Growth Fund will focus on investing in high-growth companies typically in their third and fourth round of funding, with investments ranging between $10 million to $15 million per company.

“Markets like Southeast Asia offer lot more opportunities to invest in growth capital,”, mentioned CEO Chua Kee Lok.

Vertex Growth is the sixth and latest addition to Vertex’s global network of funds, which is spread across China, Southeast Asia and India, the United States, and Israel.

Vertex has about $3 billion in assets under management (AUM) across its network of funds, and has invested in over 200 companies to date.

Vertex Ventures was the first main backer of Southeast Asia’s ride-hailing giant Grab, which has an estimated valuation of $14 billion today.

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