#Asia Temasek’s Vertex preps new $150m-plus fund for Southeast Asia, India


Photo credit: Pixabay.

Vertex Ventures, the venture capital arm of Singapore sovereign wealth fund Temasek Holdings, has exceeded its target size of US$150 million for its third fund for Southeast Asia and India, the firm said today. The fund will close toward the end of the year.

Vertex also added Thailand’s Kasikornbank (KBank) as one of the limited partners for the new fund. This marks the first time that the VC firm has raised money from an external investor. The previous funds were fully backed by Temasek.

“We have seen a sharp increase in capital being deployed in startups in this region, growing from US$100 million in 2008 to US$2.5 billion in 2015. Over 50 percent of this is invested through Singapore-incorporated startups,” said Kee Lock Chua, managing partner of Vertex SEA/India, in a statement.

“With more countries like Thailand, Indonesia, and Malaysia accelerating their support for the startup and VC ecosystem, we are confident that this region will continue to see significant growth.”

Vertex tells Tech in Asia the new fund will invest mainly in series A rounds, with the check size amounting to US$3 million to US$5 million.

The new fund comes on the heels of several successful investments in Vertex’s previous portfolios, most notably Grab, which was raising US$2.5 billion in its latest round.

The new fund will focus primarily on fintech, with the aim of tapping on KBank’s expertise and network. KBank has been keen on the tech industry, recently setting up Beacon Venture Capital to invest in VC funds and startups.

This post Temasek’s Vertex preps new $150m-plus fund for Southeast Asia, India appeared first on Tech in Asia.

from Startups – Tech in Asia http://ift.tt/2wkmBi7

Ce contenu a été publié dans #Asia par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !