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Temasek's Vertex Raises $210 Million for Southeast Asian Deals

  • New fund is largest amount raised by a Southeast Asian VC
  • Vertex targets enterprise, fintech, consumer internet startups

Vertex Ventures, the venture capital arm of Temasek Holdings Pte, has completed its biggest fundraising for Southeast Asian and Indian technology deals.

The Singapore-based firm closed its third Southeast Asian fund at $210 million, a record in the region that exceeded its target of $150 million. The money will be used for early stage investments, aiming to repeat its success with Grab. Vertex was the first institutional backer in the ride-hailing company, which went on to become one of the most valuable technology startups in the region.