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Temasek's Vertex Adds Kasikornbank for New Venture Capital Fund

  • Kasikornbank becomes its first limited partner from Thailand
  • New Southeast Asian fund has exceeded target size of $150m
Temasek's Vertex Adds Kasikornbank for New Venture Capital Fund
Photographer: Dario Pignatelli/Bloomberg

Vertex Ventures, the venture capital arm of Temasek Holdings Pte, secured Thailand’s Kasikornbank Pcl as an investor in its new Southeast Asian fund.

This is the first time Vertex, an early backer of Southeast Asia’s biggest ride-hailing startup Grab, is raising money from a Thai investor. Vertex has had two funds focused on Southeast Asia in the past, fully funded by Temasek, Singapore’s state investment firm.