Vertex Holdings Explained

Vertex Holdings
Type:Subsidiary
Industry:Venture capital
Founded:1988
Location City:Singapore
Area Served:South East Asia, China, India, Israel, United States of America
Services:IT, Healthcare
Assets:$5 billion[1]

Vertex Venture Holdings, also known as Vertex Holdings, is an investment holding company with a group of venture capital funds worldwide. A subsidiary of Temasek Holdings, the company focuses on venture capital investment opportunities in the information technology and healthcare markets through its global family of six direct investment venture funds. Vertex provides anchor funding[2] and operational support[3] to these funds. Each fund has its own General Partners and investment teams, focusing on different regional markets.[4] Its six funds are based across Southeast Asia and India,[5] United States of America,[6] [7] China[8] [9] and Israel.[10] [11]

History

Incorporated in 1988, Vertex Holdings started as a corporate venture capital (CVC) under Singapore Technologies.[12] The company became a full subsidiary[13] of Temasek Holdings in 2004, after the dot-com bubble. In 2008, a new CEO, Chua Kee Lock, was brought in[14] to manage the company. In 2015, the company was rebranded to Vertex Holdings. It was transformed to an investment holding company, with direct investments made by a network of six VC funds across the world.[15] The Vertex Growth fund was the sixth fund[16] added in 2019 to focus on growth-stage[17] opportunities from the other five early-stage Vertex Ventures funds. In 2019, Vertex Holdings also raised money from foreign investors for its master fund for the first time,[18] receiving $180 million from Japanese investors.[19] Based in Singapore, Vertex Holdings manages over $5 billion[20] in AUM. Some well known investments made by Vertex funds include PatSnap, Nium, Argus,[21] [22] Chipscreen,[23] CyberArk,[24] Grab,[25] Meta Networks,[26] Mobike,[27] Twelve[28] and Waze.[29] [30]

External links

Notes and References

  1. News: Singapore lists first SPAC as Asia investors warm up to blank check firms. Reuters. 20 January 2022 . Daga . Anshuman .
  2. Web site: CEO of Singapore venture capital firm Vertex Ventures shares secret of spotting next big thing over breakfast at Trump-Kim hotel. 20 August 2020. TODAYonline.
  3. Web site: 3 October 2015. Vertex Venture gets funds to go global. 16 June 2020. The Straits Times. en.
  4. News: Singapore's Vertex adds $290 million venture fund for high-growth tech firms. Reuters . 12 September 2019. www.reuters.com.
  5. News: Vertex Venture to increase investment pace in India, focus on early-stage ventures. The Economic Times. 27 October 2015. Gooptu. Biswarup.
  6. Web site: Temasek anchor LP in Vertex Ventures' inaugural $141m fund. 16 June 2020. DealStreetAsia. en-US.
  7. Web site: Ex-Facebook exec Jonathan Heiliger forms new VC firm - Fortune. Fortune.
  8. Web site: Menur. Anisa. [Updated] Today's top tech news: Vertex Ventures China closes its largest USD fund]. 16 June 2020. e27. en.
  9. Web site: Vertex Ventures China leads $30m pre-Series A round in Lele Tea. 20 August 2020. DealStreetAsia. en-US.
  10. Web site: Vertex Ventures Israel. Bloomberg.
  11. Web site: Vertex Ventures Israel, TLV Partners Are Israel's Busiest Venture Firms in 2018. Calcalistech. 30 January 2019.
  12. Web site: ASK-ME-ANYTHING (AMA). SMU Institute of Innovation and Entrepreneurship.
  13. Web site: Singapore Technologies Infopedia. 14 September 2020. eresources.nlb.gov.sg.
  14. Web site: Huang. Elaine. It's all about execution: Chua Kee Lock, CEO, Vertex Venture Holdings. 20 July 2020. e27. en.
  15. Web site: 27 January 2015. Disrupting industries, and Vertex Venture's double purpose. 20 July 2020. Digital News Asia. en.
  16. News: Aravindan. Anshuman Daga, Aradhana. 12 September 2019. Singapore's Vertex adds $290 million venture fund for high-growth tech firms. en. Reuters. 14 September 2020.
  17. Web site: 13 September 2019. Temasek's Vertex adds new $398.7m fund to back growth-stage tech firms. 14 September 2020. The Straits Times. en.
  18. Web site: Temasek's Vertex recruits Japan Inc. for $770m unicorn fund. 14 September 2020. Nikkei Asian Review. en-GB.
  19. Web site: Temasek tech arm taps 'resilient' Japanese funders to widen reach. 14 September 2020. Nikkei Asian Review. en-GB.
  20. News: Singapore lists first SPAC as Asia investors warm up to blank check firms. Reuters. 20 January 2022 . Daga . Anshuman .
  21. Web site: 26 September 2014. Automotive Cyber Security Pioneer Argus Secures $4M Series A Funding. 17 September 2020. Argus Cyber Security. en-US.
  22. News: 3 November 2017 . Germany's Continental buys Israeli auto cyber firm Argus . en . Reuters . 17 September 2020.
  23. Web site: Vertex Ventures China Exits - CB Insights. 17 September 2020. www.cbinsights.com. en-US.
  24. News: Demos. Orr Hirschauge And Telis. 17 June 2014. Security Software Maker Cyber-Ark Plotting Possible 2014 U.S. IPO. en-US. Wall Street Journal. 17 September 2020. 0099-9660.
  25. Web site: Vertex Ventures hits $230M first close on new fund for Southeast Asia and India. 17 September 2020. TechCrunch. en-US.
  26. Web site: Stoler. Tofi. 3 April 2018. Cloud Networking Startup Meta Networks Exits Stealth, Raises $10 Million in Seed. 17 September 2020. CTECH - www.calcalistech.com.
  27. Web site: McSpadden. Kevin. Eyeing Singapore, MoBike announces strategic investment from Temasek, Hillhouse Capital. 17 September 2020. e27. en.
  28. Web site: Medtronic to Acquire Twelve, Inc., Developer of Transcatheter Mitral Valve Replacement Device. 17 September 2020. finance.yahoo.com. 25 August 2015 . en-US.
  29. Web site: Goel. Vindu. Miller. Claire Cain. 9 June 2013. Google Close to Acquiring Waze, a Rival in Maps. 17 September 2020. NYT. en-US.
  30. News: Chapman. Lizette. 12 June 2013. Waze Investors Find Map to Healthy Exit in Google Acquisition. en-US. Wall Street Journal. 17 September 2020. 0099-9660.

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