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.