BEAMSTART Logo

Temasek's Vertex Raises $210 Million for Southeast Asian Deals

Vertex Ventures, the venture capital arm of Temasek Holdings Pte, has completed its biggest fundraising for Southeast Asian and Indian technology deals.


Temasek's Vertex Raises $210 Million for Southeast Asian Deals | BEAMSTART News

Vertex Ventures, the venture capital arm of Temasek Holdings Pte, has completed its biggest fundraising for Southeast Asian and Indian technology deals.

The Singapore-based firm closed its third Southeast Asian fund at $210 million, a record in the region that exceeded its target of $150 million. The money will be used for early stage investments, aiming to repeat its success with Grab. Vertex was the first institutional backer in the ride-hailing company, which went on to become one of the most valuable technology startups in the region.

Vertex is the oldest venture-capital firm in Southeast Asia, according to Chua Joo Hock, a managing partner of Vertex Southeast Asia and India, which has offices in Singapore, Bangalore and Jakarta. “We will expand our presence to other Southeast Asian cities to better access local opportunities,” he said.

Vertex Ventures SEA III marked the first time the firm raised money from outside investors such as Kasikornbank Pcl in Thailand and Cathay Life Insurance Co. in Taiwan. Vertex has had two funds focused on Southeast Asia in the past, fully funded by Temasek, Singapore’s state investment firm.

Related: Create awareness & reach out to more people

Some of Vertex’s recent investments include InstaReM, which provides cross-border payment services in more than 40 countries; Turnkey Lender, a software company for credit assessment and loan management; and Synup, a digital marketing startup in India. The firm plans to continue its strategy of investing in early-stage tech companies in enterprise technology, financial technology and consumer internet.

Related:

Latest Jobs

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility

Singapore

Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment

Singapore

Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing

Singapore

Internship

SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital

Singapore

Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Hukumonline.com

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).