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.