Temasek’s Vertex Raises $230 Million for Southeast Asia Fund
- Vertex plans to have final close in the next few months
- It’s the firm’s fourth fund for Southeast Asia, India
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Vertex Venture Holdings Ltd. raised $230 million in the first close of its fourth Southeast Asian fund to back technology startups across the region and India.
The Singapore-based venture capital arm of Temasek Holdings Pte plans to finalize the funding in the next few months, which could take it above the first close, said Chua Kee Lock, managing partner of Vertex Ventures Southeast Asia and India. Most of the investors in its third fund, including Cathay Financial Holding Co., have backed the new one.