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Deepti Sri · · 1 min readVertex Ventures eyes raising $400m in new SEA, India fund
“Venture capital firm Vertex Ventures, which is backed by Singapore state investor Temasek, expects to raise at least US$400 million next year for a new fund focusing on Southeast Asia and India,” Reuters reported, citing a senior executive.
Details:
- Vertex aims to kickstart the process of raising its fifth fund for Southeast Asia and India by the second quarter of 2022. The new fund is likely to be bigger than Vertex’s previous one, which pulled in US$305 million.
- The VC firm is looking to invest with its fifth fund in 2023, after wrapping up its fourth fund by the end of 2022.
Dive deeper:
- In June, Vertex Growth Fund, the global growth-stage fund of Vertex Venture Holdings, secured US$15 million in new commitment for its second fund from Korea Venture Investment Corporation.
- Vertex Ventures Southeast Asia and India also led a funding round for Coinomo, a blockchain firm that was born after Turn Capital’s acquisition of Taiwan’s Dapp Pocket. (Read also: A list of Southeast Asia’s unicorns and their early investors)
Editing by Collin Furtado and Lorenzo Kyle Subido
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