09 Oct '17, 4am

Singapore venture capital firm raises $210 million to invest in regional start-ups - CNBC

Singapore venture capital firm raises $210 million to invest in regional start-ups - CNBC

Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings , said it has raised a $210 million fund to invest in Southeast Asian and Indian startups, exceeding its original target size of $150 million. Vertex plans to continue its strategy of investing in early-stage technology companies in Southeast Asia and India across enterprise technology, financial technology and consumer internet, it said in a statement. Edgar Su | Reuters A woman passes a Grab signage at their office in Singapore. Vertex was an early investor in ride-hailing firm Grab . In July, Grab announced a $2.5 billion fundraising round, which a source said values it at $6 billion. Vertex's recent investments include SpaceMob, which has been acquired by co-working space startup WeWork , remittance payments firm InstaRem and digital marketer Synup. The combined Vertex Ventures Southe...

Full article: https://www.cnbc.com/2017/10/09/vertex-ventures-raises-21...

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