The Vertex Ventures Southeast Asia & India team
Vertex Ventures Southeast Asia and India has closed its fifth and newest fund with commitments of US$541 million, exceeding its original target of US$450 million.
Vertex Ventures Southeast Asia and India Fund V (VVSEAI Fund V) is backed by existing and new LPs, including sovereign wealth funds, financial institutions, corporates and family offices across Asia and Europe. Japan Investment Corporation, International Finance Corporation (IFC) and DEG (German Development Finance Institution) are some of its LPs.
The fund corpus includes a dedicated co-investment envelope of US$50 million for co-investing alongside the main fund in female-founded startups. More than 35 per cent of the startups in VVSEAI Fund IV have at least one female founder, and this envelope will be used to further the fund’s intention of supporting more women entrepreneurs.
The final close comes on the heels of Vertex Ventures’s exits from Grab, FirstCry, XPressBees, and Recko.
Also Read: ‘SEA needs to grow together and produce more quality unicorns’: Vertex Ventures’s Carmen Yuen
Vertex Ventures Southeast Asia and India invests in high-growth startups seeking their early round of institutional funding, with a primary focus on Singapore, India, Indonesia, Thailand, Vietnam, Malaysia and other emerging hubs across the region.
Since its launch, the VC firm has made more than 80 investments. It will continue investing in early-stage technology and technology-enabled companies in sectors such as enterprise technology, fintech, consumer internet, digital health, sustainability, mobility, etc.
Vertex Ventures has eight investing partners with 22 investing staff across its offices in Singapore, Bangalore, Jakarta, Bangkok, Ho Chi Minh and Gurgaon.
VVSEAI is one of six major funds in Vertex’s global network of VC funds. Each of these funds focuses on its respective region and industry specialisation and is independently managed. They raise the majority of their funds from global investors, with Vertex Holdings as the anchor investor.
Vertex Holdings is a wholly-owned subsidiary of Temasek Holdings.
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Image Credit: Vertex Ventures Southeast Asia and India
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