Vertex Holdings

Vertex Venture Holdings (aka Vertex Holdings) is an investment holding company with a group of venture capital funds worldwide. A subsidiary of Temasek Holdings, the company focuses on venture capital investment opportunities in the information technology and healthcare markets through its global family of six direct investment venture funds. Vertex provides anchor funding[2] and operation support[3] to these funds. Each fund has its own General Partners and investment teams, focusing on different regional markets.[1] Its six funds are based across Southeast Asia[4][5] and India,[6] United States of America,[7][8] China[9][10] and Israel.[11][12]

Vertex Holdings
TypePrivate
IndustryVenture capital
Founded1988
Headquarters
Singapore
Area served
South East Asia, China, India, Israel, United States of America
ServicesIT, Healthcare
Total assets$3 billion [1]
Websitevertexholdings.com

Incorporated in 1988, Vertex Holdings started as a CVC under Singapore Technologies.[13] The company became a full subsidiary[14] of Temasek Holdings in 2004, after the dot-com bubble. In 2008, a new CEO Chua Kee Lock was brought in[15] and in 2015, Vertex Holdings transformed to an investment holding company, with direct investments made by a network of five VC funds across the world.[16] The Vertex Growth fund was the sixth fund[17] added in 2019 to focus on growth-stage[18] opportunities from the other five early-stage Vertex Ventures funds. In 2019, Vertex Holdings also raised money from foreign investors for its master fund for the first time,[19] receiving $180 million from Japanese investors.[20]

Based in Singapore, Vertex Holdings manages over $3 billion[1] in AUM. Some well known investments made by Vertex funds include Argus,[21][22] Chipscreen,[23] CyberArk,[24] Grab,[25] Meta Networks,[26] Mobike,[27] Twelve[28] and Waze.[29][30]

References
  1. "Singapore's Vertex adds $290 million venture fund for high-growth tech firms". September 12, 2019 – via www.reuters.com.
  2. "CEO of Singapore venture capital firm Vertex Ventures shares secret of spotting next big thing over breakfast at Trump-Kim hotel". TODAYonline. Retrieved 2020-08-20.
  3. "Vertex Venture gets funds to go global". The Straits Times. 2015-10-03. Retrieved 2020-06-16.
  4. Russell, Jon (10 October 2017). "Vertex Ventures closes new $210M fund for Southeast Asia and India". TechCrunch. Retrieved 19 October 2017.
  5. "Southeast Asia's top 37 startup investment firms". techinasia.
  6. "Vertex Venture to increase investment pace in India, focus on early-stage ventures". The Economic Times.
  7. "Temasek anchor LP in Vertex Ventures' inaugural $141m fund". DealStreetAsia. Retrieved 2020-06-16.
  8. "Ex-Facebook exec Jonathan Heiliger forms new VC firm - Fortune". Fortune.
  9. Menur, Anisa. "[Updated] Today's top tech news: Vertex Ventures China closes its largest USD fund". e27. Retrieved 2020-06-16.
  10. "Vertex Ventures China leads $30m pre-Series A round in Lele Tea". DealStreetAsia. Retrieved 2020-08-20.
  11. "Vertex Ventures Israel". Bloomberg.
  12. "Vertex Ventures Israel, TLV Partners Are Israel's Busiest Venture Firms in 2018". Calcalistech.
  13. "ASK-ME-ANYTHING (AMA)". SMU Institute of Innovation and Entrepreneurship.
  14. "Singapore Technologies | Infopedia". eresources.nlb.gov.sg. Retrieved 2020-09-14.
  15. Huang, Elaine. "It's all about execution: Chua Kee Lock, CEO, Vertex Venture Holdings". e27. Retrieved 2020-07-20.
  16. "Disrupting industries, and Vertex Venture's double purpose". Digital News Asia. 2015-01-27. Retrieved 2020-07-20.
  17. Aravindan, Anshuman Daga, Aradhana (2019-09-12). "Singapore's Vertex adds $290 million venture fund for high-growth tech firms". Reuters. Retrieved 2020-09-14.
  18. "Temasek's Vertex adds new $398.7m fund to back growth-stage tech firms". The Straits Times. 2019-09-13. Retrieved 2020-09-14.
  19. "Temasek's Vertex recruits Japan Inc. for $770m unicorn fund". Nikkei Asian Review. Retrieved 2020-09-14.
  20. "Temasek tech arm taps 'resilient' Japanese funders to widen reach". Nikkei Asian Review. Retrieved 2020-09-14.
  21. "Automotive Cyber Security Pioneer Argus Secures $4M Series A Funding". Argus Cyber Security. 2014-09-26. Retrieved 2020-09-17.
  22. Reuters Staff (2017-11-03). "Germany's Continental buys Israeli auto cyber firm Argus". Reuters. Retrieved 2020-09-17.
  23. "Vertex Ventures China Exits - CB Insights". www.cbinsights.com. Retrieved 2020-09-17.
  24. Demos, Orr Hirschauge And Telis (2014-06-17). "Security Software Maker Cyber-Ark Plotting Possible 2014 U.S. IPO". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-09-17.
  25. "Vertex Ventures hits $230M first close on new fund for Southeast Asia and India". TechCrunch. Retrieved 2020-09-17.
  26. Stoler, Tofi (2018-04-03). "Cloud Networking Startup Meta Networks Exits Stealth, Raises $10 Million in Seed". CTECH - www.calcalistech.com. Retrieved 2020-09-17.
  27. McSpadden, Kevin. "Eyeing Singapore, MoBike announces strategic investment from Temasek, Hillhouse Capital". e27. Retrieved 2020-09-17.
  28. "Medtronic to Acquire Twelve, Inc., Developer of Transcatheter Mitral Valve Replacement Device". finance.yahoo.com. Retrieved 2020-09-17.
  29. Goel, Vindu; Miller, Claire Cain (2013-06-09). "Google Close to Acquiring Waze, a Rival in Maps". NYT. Retrieved 2020-09-17.
  30. Chapman, Lizette (2013-06-12). "Waze Investors Find Map to Healthy Exit in Google Acquisition". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-09-17.
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