Temasek anchor LP in Vertex Ventures’ inaugural $141m fund

Visual from the Vertex Ventures website

Singapore state fund Temasek Holding is the anchor LP in California based Vertex Ventures, which has raised its debut $140.9 million early-stage fund.

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,

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.