A venture capital firm in the island city-state of Singapore has raised two hundred and ten million dollars, which will be utilized in order to fund regional start-ups. The company is the biggest of its type within Singapore and its known as Vertex Ventures. Its two hundred and million dollars’ worth of funding will fuel investment in start-up firms in India and in various parts of Southeast Asia. The company initially expected to get one hundred and fifty dollars’ worth of funding, but exceeded its target.
Vertex Ventures is the “venture capital” section of Temasek Holdings. Temasek Holdings is a state investor in Singapore. In the future, Vertex Ventures is going to continue investing in tech companies which are still in their early stages of development. The fledgling tech firms will be in India and Southeast Asia and these startups will be focused on consumer Internet service, fintech and enterprise tech.
Vertex Ventures got in on the ground floor with Grab, which is a ride-hailing company. Vertex invested in Grab early on and Grab execs recently announced a new fund raising round of two and half billion dollars. According to sources, Grab is now valued at six billion bucks. Lately, Vertex has branched out by investing in Synup (a digital marketing company), InstaRem (a remittance payments company) and SpaceMob (this startup was recently snapped up by WeWork, which is a startup for co-working space).
Vertex has teams in India and Southeast Asia and it has a trio of big offices in Jakarta, Bangalore and Singapore.
The managing partner of Vertex Ventures, Joo Hock Chua, plans expansion into other cities in Southeast Asia in the foreseeable future. This expansion is, in Chua’s view, the key to accessing premium local opportunities.
The brand-new funding is the third fund for Southeast Asia. However, it’s the first one which is aimed at investors of the external type. The last two funds were funded via Temasek Holdings.
The team at Vertex Ventures pride themselves on their trend-spotting finesse. They use their capacity to “see around corners” in order to find the hottest trends that other venture capital forms might miss. At the official Vertex Ventures website, there is plenty of information about the company’s risk-taking investing philosophy, which has definitely paid off in the past.
Vertex VIPs know that the world is growing in terms of the quantities of mobile devices being used. The world is moving from five billion devices to fifty billion devices. This means big impending disruption of infrastructure and Vertex reps plan to profit from the changes by investing in companies that help to smooth the disruptions.
This forward-thinking company is placing its bets on companies which offer the most timely tech services to consumers. It its bets pay off, it will gain a strong foothold in India and Southeast Asia. As well, it will access plenty of lucrative profits, by investing in firms which fill an important need in the global marketplace.
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like Singapore unveils major investments into deep tech startups and research, Launching a startup in Singapore? 4 things you need to know and all topics related to Tech and Business, if you are interested about Setting up a business in Singapore visit our website for more information.
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