Temasek's Vertex Ventures raises US$210m for South-east Asian deals
Singapore
VERTEX Ventures, the venture capital arm of Temasek Holdings Pte, has completed its biggest fundraising for South-east Asian and Indian technology deals.
The Singapore-based firm closed its third South-east Asian fund at US$210 million, a record in the region that exceeded its target of US$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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
KKR to buy India's Healthium Medtech at US$839 million valuation
Adani in talks with banks to borrow US$600 million for gas unit
It is time to put idle cash back into the market
China’s CICC demotes senior bankers, cuts pay to slash costs