Singapore-based Vertex Venture Holdings, the first main backer of Southeast Asia’s ride-hailing giant Grab, has added a new $290 million venture capital fund targeting investments in high-growth technology firms, a senior company official said.
The Vertex Growth Fund will seek to invest about $10 million to $15 million per company, typically in third and fourth round fundings, versus $3 million to $4 million by affiliate funds in early rounds, said Vertex Venture Holdings CEO Chua Kee Lock.
