Vertex Holdings
 | |
| Type | Subsidiary |
|---|---|
| Industry | Venture capital |
| Founded | 1988 |
Area served | South East Asia, China, India, Israel, Japan, South Korea, United States of America |
| Services | IT, Healthcare |
| Total assets | US$7 billion (2026)[1] |
| Parent | Temasek |
| Website | vertexholdings |
Vertex Venture Holdings, also known as Vertex Holdings, is an investment holding company based in Singapore 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 venture capital funds. Currently, there are seven network partnerships, namely: Vertex Ventures China, Vertex Ventures Israel, Vertex Ventures SEA & India, Vertex Ventures US, Vertex Ventures Japan, Vertex Ventures HC and Vertex Growth.
Vertex provides anchor funding[2] and operational support[3] to these funds. Each fund has its own General Partners and investment teams, focusing on different regional markets.[4]
As of April 2026, Vertex had approximately US$7 billion in assets under management (AUM).[5]
History
Incorporated in 1988, Vertex is the oldest venture capital firm in Southeast Asia.[6] Vertex Holdings started as a corporate venture capital under Singapore Technologies.[7]
The company became a full subsidiary[8] of Temasek Holdings in 2004, after the dot-com bubble.
In 2008, a new CEO, Chua Kee Lock, was brought in to manage the company.[9]
In 2015, the company was rebranded to Vertex Holdings. It was transformed to an investment holding company, with direct investments made by a network of six venture capital funds around the world.[10]
The Vertex Growth fund was the sixth fund[11] added in 2019 to focus on growth-stage[12] 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,[13] receiving $180 million from Japanese investors.[14]
In 2022, Vertex Holdings launched Singapore's first listed special-purpose acquisition company, Vertex Technology Acquisition Corporation.[15]
In May 2024, Vertex Holdings launched its first Japan-focused fund.[16]
Some well known investments made by Vertex funds include CyberArk,[17] Grab,[18] Mobike,[19] Nium,[20] PatSnap,[21] and Waze.[22][23]
Fund history
| Fund name | Category | Year | Amount (USD) | Source |
|---|---|---|---|---|
| Vertex Ventures Israel Fund IV | Venture | 2014 | US$150 million | Globes |
| Vertex Ventures SEA & India Fund III | Venture | 2016 | US$210 million | Yahoo Finance |
| Vertex Growth Fund I | Growth | 2019 | US$290 million | Finews Asia |
| Vertex Ventures SEA & India Fund IV | Venture | 2019 | US$305 million | e27 |
| Vertex Ventures US Fund II | Venture | 2019 | US$150 million | Venture Capital Journal |
| Vertex Growth Fund II | Growth | 2022 | ~US$330 million | DealStreetAsia |
| Vertex Ventures China USD Fund V | Venture | 2022 | ~US$500 million | The Business Times |
| Vertex Ventures Israel Fund VI | Venture | 2022 | US$230 million | CTech |
| Vertex Ventures Israel Opportunity II | Venture | 2022 | US$170 million | CTech |
| Vertex Ventures US Fund III | Venture | 2022 | US$200 million | Business Insider |
| Vertex Ventures HC Fund III | Venture | 2023 | US$200 million | Nikkei Asia |
| Vertex Ventures SEA & India Fund V | Venture | 2023 | US$541 million | The Business Times |
| Vertex Ventures Japan Fund I | Venture | 2024 | ~US$67 million (JPY 10 billion) | KrASIA |
| Vertex Ventures China RMB Angel Fund II | Venture | 2025 | ~US$69 million (RMB ~500 million) (target) | DealStreetAsia |
| Vertex Growth Fund III | Growth | 2026 | US$250 million (target) | Private Equity International |
References
- ↑ "Temasek CEO Dilhan Pillay to chair Vertex; FY2025 profit tops US$100 million". The Business Times. 13 April 2026. Retrieved 31 August 2026.
- ↑ "CEO of Singapore venture capital firm Vertex Ventures shares secret of spotting next big thing over breakfast at Trump-Kim hotel". TODAYonline. Retrieved 20 August 2020.
- ↑ "Vertex Venture gets funds to go global". The Straits Times. 3 October 2015. Retrieved 16 June 2020.
- ↑ "Singapore's Vertex adds $290 million venture fund for high-growth tech firms". Reuters. 12 September 2019 – via www.reuters.com.
- ↑ "Temasek CEO Dilhan Pillay to chair Vertex; FY2025 profit tops US$100 million". The Business Times. 13 April 2026. Retrieved 31 August 2026.
- ↑ "Temasek's Vertex raises US$210m for Southeast Asian deals". The Straits Times. Retrieved April 2026.
{{cite news}}: Check date values in:|access-date=(help) - ↑ "Ask-Me-Anything (AMA)". SMU Institute of Innovation and Entrepreneurship. 9 June 2020. Retrieved 10 June 2026.
- ↑ "Singapore Technologies | Infopedia". eresources.nlb.gov.sg. Retrieved 14 September 2020.
- ↑ Huang, Elaine. "It's all about execution: Chua Kee Lock, CEO, Vertex Venture Holdings". e27. Retrieved 20 July 2020.
- ↑ "Disrupting industries, and Vertex Venture's double purpose". Digital News Asia. 27 January 2015. Retrieved 20 July 2020.
- ↑ Daga, Anshuman; Aravindan, Aradhana (12 September 2019). "Singapore's Vertex adds $290 million venture fund for high-growth tech firms". Reuters. Retrieved 14 September 2020.
- ↑ "Temasek's Vertex adds new $398.7m fund to back growth-stage tech firms". The Straits Times. 13 September 2019. Retrieved 14 September 2020.
- ↑ "Temasek's Vertex recruits Japan Inc. for $770m unicorn fund". Nikkei Asian Review. Retrieved 14 September 2020.
- ↑ "Temasek tech arm taps 'resilient' Japanese funders to widen reach". Nikkei Asian Review. Retrieved 14 September 2020.
- ↑ "Vertex SPAC IPO's public tranche is 36.0 times subscribed; trading starts Thursday". The Business Times.
- ↑ Suruga, Tsubasa (17 May 2024). "Temasek's venture capital arm to launch first Japan-focused fund". NikkeiAsia.
- ↑ Hirschauge, Orr; Demos, Telis (17 June 2014). "Security Software Maker Cyber-Ark Plotting Possible 2014 U.S. IPO". Wall Street Journal. ISSN 0099-9660. Retrieved 17 September 2020.
- ↑ "Vertex Ventures hits $230M first close on new fund for Southeast Asia and India". TechCrunch. 16 May 2019. Retrieved 17 September 2020.
- ↑ McSpadden, Kevin. "Eyeing Singapore, MoBike announces strategic investment from Temasek, Hillhouse Capital". e27. Retrieved 17 September 2020.
- ↑ "Singapore fintech Nium turns unicorn, topping US$1 billion in valuation". The Straits Times. 27 July 2021. Retrieved 27 April 2026.
- ↑ "PatSnap snags $300m in Series E funding". Global Corporate Venturing. 17 March 2021. Retrieved 27 April 2026.
- ↑ Goel, Vindu; Miller, Claire Cain (9 June 2013). "Google Close to Acquiring Waze, a Rival in Maps". NYT. Retrieved 17 September 2020.
- ↑ Chapman, Lizette (12 June 2013). "Waze Investors Find Map to Healthy Exit in Google Acquisition". Wall Street Journal. ISSN 0099-9660. Retrieved 17 September 2020.