Vertex Ventures Southeast Asia and India Partnership successfully closed Fund V at USD 541 Million, surpassing its initial target of USD 450 Million.


Vertex Ventures Southeast Asia and India (VVSEAI) has proudly finalized its fifth fund, collecting commitments totaling USD 541 million. Notably, this Fund V is an 80% growth from the 2019 VVSEAI Fund IV.

The impressive raise, inspired by notable returns from investments in giants like Grab, FirstCry, and XPressBees, has garnered backing from both returning and new Limited Partners. These partners span across Asia and Europe and notably include Japan Investment Corporation (JIC), International Finance Corporation (IFC), and DEG.

Ben Mathias, a Managing Partner, stated, “Our funds’ impressive returns have led to increased allocations from prior investors and an expanded investor base. We’re thrilled to work alongside our partners once more.” Chua Joo Hock, another Managing Partner, highlighted VVSEAI’s strong investment approach and history of partnering with startup success stories like Grab and PatSnap.

Japan Investment Corporation’s Yuka Hata stressed the potential benefits of Japanese businesses integrating cutting-edge technologies from Southeast Asia and India, and through their investment in VVSEAI, they aim to facilitate such collaborations.

Promoting diversity, a dedicated USD 50 million of the fund will co-invest with startups led by women founders. This move reflects VVSEAI’s commitment to boosting female entrepreneurship, as already seen in over 35% of their Fund IV startups having a woman founder. Temasek’s CIO, Rohit Sipahimalani, expressed contentment with VVSEAI’s strides in this direction.

VVSEAI is concentrated on early-stage investments across Southeast Asia and India in various sectors like fintech, digital health, and sustainability. With more than 80 investments and a strong team spread across six cities, they have solidified their position as vital venture capital players. High-growth companies under their portfolio include Nium, Licious, KukuFM, and 17LIVE, to name a few.

Joseph Phua, Chairman of 17LIVE Group, lauded VVSEAI for their consistent support throughout a company’s journey, from its inception to IPO.

As part of the Vertex’s global network, VVSEAI focuses on regional innovations, leveraging global expertise and insights, and is supported by Vertex Holdings, a Temasek Holdings subsidiary.

About VVSEAI: A trusted partner to innovative businesses, VVSEAI boasts an impressive portfolio, having backed game-changers like Grab, PatSnap, and Nium. Their unparalleled operational experience and extensive resources assist portfolio companies in achieving global prominence.

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