Temasek’s Vertex Ventures Raises US$290m Inaugural Fund

Vertex Venture, the Singapore-based VC arm of investment firm Temasek Holdings, has anchored a new fund for the growing tech firms. VERTEX Growth Fund, the sixth and newest member of Vertex Venture Holdings’ global network of venture capital (VC) funds, has raised US$290 million for its inaugural fund.

Headquartered in Singapore, Vertex Growth deploys growth capital to startups globally, focusing on investment opportunities in later stages – especially those emerging from the early-stage portfolio across the Vertex network, reported by Business Times.

Adding to this, there are also secured commitments from other limited partners across the pan-Asian region, which include:

  • Sovereign wealth fund
  • Institutional investors such as Cathay Life Insurance
  • Corporates across industry verticals
  • Family offices.
Written by

Cheryl Toh

Last updated on

September 13th 2019, 11:38 am

Skip the daily news.
Subscribe to our Weekly newsletter for relevant market news and global trends.