Temasek’s Vertex secures $230 Million for Asia Fund

temaseks vertex secures 230 million for asia fund

Vertex Venture Holdings has now secured $230 Million in the fourth round to back up the technology startups across the region and India.
Temasek Holdings, which is a Singapore based venture capital, plans to finalize the funding in the coming few months, which could also take it above the first close, according to the report which has been revealed.
After the success of its bet on the Grab, which is a ride-hailing app, now the Southeast Asia most valuable startup, Vertex plans to continue backing the early stage startups for the enterprise, financial services and consumers in the region.
“Our investors have shown confidence in us by participating in the first closing, which hit the initial target of the fund,” Mr. Chua said.
“The reality is that there are some concerns about the trade war and valuations and the fundraising environment is getting harder.”
The Venture Capital firm got its starts three decades ago and Mr. Chua joined as the CEO of Vertex Holdings in the year 2008.
Source: Vertex
Source: Techstory

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