Temasek’s Vertex Closes $210 Mn Fund For Southeast Asia, India
Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in southeast Asian and Indian startups, exceeding its original target size of $150 million.
Vertex plans to continue its strategy of investing in early-stage technology companies in southeast Asia and India across enterprise technology, financial technology and consumer internet, it said in a statement.
Vertex was an early investor in ride-hailing firm Grab. In July, Grab announced a $2.5 billion fundraising round, which a source said values it at $6 billion.
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