Vertex Ventures raises biggest fund for Southeast Asia, India tech deals at $210m

Vertex Ventures. Photographer: Sam Kang Li/Bloomberg

Vertex Ventures, the venture capital arm of Temasek Holdings Pte, has completed its biggest fundraising for Southeast Asian and Indian technology deals.

The Singapore-based firm closed its third Southeast Asian fund at $210 million, a record in the region that exceeded its target of $150 million. The money will be used for early stage investments, aiming to repeat its success with Grab. Vertex was the first institutional backer in the ride-hailing company, which went on to become one of the most valuable technology startups in the region.

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