Vertex Ventures, co-founded by General Partners In Sik Rhee and Jonathan Heiliger to make early-stage investments in enterprise and cloud infrastructure companies, said a regulatory filing that it had reached the final close of its inaugural fund. In total, it had raised this amount from 41 investors. In an earlier regulatory filing, the venture capital firm had announced that it had also held an initial close of this fund in January at $107.5 million.
The fund has already made four early stage investments.
Vertex Ventures is different from Vertex Venture Holdings, a wholly-owned subsidiary of Temasek Holdings.
The Singapore state fund has in the recent past made a slew of investments in venture capital firms. DEALSTREETASIA had recently reported that Temasek had invested in the new fund that was being raised by Singapore-based venture capital firm Jungle Ventures. This portal had also recently revealed that Temasek and American multinational technology company Cisco had invested in local venture capital firm Monk’s Hill Ventures, that is raising an $80 million first fund. Last month, Singapore-headquartered Golden Gate Ventures (GGV) had announced the first close of its $50 million second investment vehicle, from a mix of international investors and advisors, including Temasek,