19 Sep, 2019E27.CO
Singapore’s Temasek-owned Vertex Venture Holdings Ltd. closed its fourth Southeast Asia and India fund at US$305 million. A record amount for an early-stage investment vehicle in the region, Vertex was the first institution to back ride-hailing giant Grab
The new Vertex Ventures Southeast Asia and India fund, it exceeded the original target of US$230 million. The first Vertex Ventures Southeast Asia and India fund had returned 19.1% as of March, the second fund returned 24.3% and the third 36.4%, according to the firm. Roque Velasco, the managing partner of Galdana Ventures, said in a statement that is what led them to continue their relationship in the fourth fund with a larger commitment amount....
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