Company:Vertex Holdings

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Short description: A subsidiary of Temasek holding
Vertex Holdings
TypeSubsidiary
IndustryVenture capital
Founded1988
Headquarters
Singapore
Area served
South East Asia, China , India , Israel, United States of America
ServicesIT, Healthcare
Total assets$5 billion[1]
Websitevertexholdings.com

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]

References

  1. ↑ Daga, Anshuman (20 January 2022). "Singapore lists first SPAC as Asia investors warm up to blank check firms". https://www.reuters.com/markets/europe/singapore-makes-bold-foray-into-spac-market-temasek-backed-firm-lists-thursday-2022-01-19/. 
  2. ↑ "CEO of Singapore venture capital firm Vertex Ventures shares secret of spotting next big thing over breakfast at Trump-Kim hotel". https://www.todayonline.com/singapore/ceo-singapore-venture-capital-firm-vertex-ventures-shares-secret-spotting-next-big-thing. 
  3. ↑ "Vertex Venture gets funds to go global" (in en). 3 October 2015. https://www.straitstimes.com/business/companies-markets/vertex-venture-gets-funds-to-go-global. 
  4. ↑ "Singapore's Vertex adds $290 million venture fund for high-growth tech firms". Reuters. 12 September 2019. https://www.reuters.com/article/us-vertex-southeast-asia-idUSKCN1VX11O. 
  5. ↑ Gooptu, Biswarup (27 October 2015). "Vertex Venture to increase investment pace in India, focus on early-stage ventures". The Economic Times. http://economictimes.indiatimes.com/small-biz/startups/vertex-venture-to-increase-investment-pace-in-india-focus-on-early-stage-ventures/articleshow/49546309.cms. 
  6. ↑ "Temasek anchor LP in Vertex Ventures' inaugural $141m fund" (in en-US). https://www.dealstreetasia.com/stories/temasek-anchor-lp-in-vertex-ventures-inaugural-141m-fund-11053/. 
  7. ↑ "Ex-Facebook exec Jonathan Heiliger forms new VC firm - Fortune". Fortune. http://fortune.com/2015/01/13/ex-facebook-exec-jonathan-heiliger-forms-new-vc-firm/. 
  8. ↑ Menur, Anisa. "[Updated Today's top tech news: Vertex Ventures China closes its largest USD fund"] (in en). https://e27.co/todays-top-tech-news-vertex-ventures-china-closes-us566m-fund-20191021/. 
  9. ↑ "Vertex Ventures China leads $30m pre-Series A round in Lele Tea" (in en-US). https://www.dealstreetasia.com/stories/vertex-china-lele-tea-128978/. 
  10. ↑ "Vertex Ventures Israel". https://www.bloomberg.com/profile/company/3681550Z:IT.. 
  11. ↑ "Vertex Ventures Israel, TLV Partners Are Israel's Busiest Venture Firms in 2018". 30 January 2019. https://www.calcalistech.com/ctech/articles/0,7340,L-3755333,00.html. 
  12. ↑ "ASK-ME-ANYTHING (AMA)". https://iie.smu.edu.sg/GHE_AMA. 
  13. ↑ "Singapore Technologies | Infopedia". https://eresources.nlb.gov.sg/infopedia/articles/SIP_1042_2011-03-29.html. 
  14. ↑ Huang, Elaine. "It's all about execution: Chua Kee Lock, CEO, Vertex Venture Holdings" (in en). https://e27.co/its-all-about-execution-chua-kee-lock-ceo-vertex-venture-holdings-20150903/. 
  15. ↑ "Disrupting industries, and Vertex Venture's double purpose" (in en). 27 January 2015. https://www.digitalnewsasia.com/sizzle-fizzle/disrupting-industries-and-vertex-ventures-double-purpose. 
  16. ↑ Aravindan, Anshuman Daga, Aradhana (12 September 2019). "Singapore's Vertex adds $290 million venture fund for high-growth tech firms" (in en). Reuters. https://www.reuters.com/article/us-vertex-southeast-asia-idUSKCN1VX11O. 
  17. ↑ "Temasek's Vertex adds new $398.7m fund to back growth-stage tech firms" (in en). 13 September 2019. https://www.straitstimes.com/business/companies-markets/temaseks-vertex-adds-new-3987m-fund-to-back-growth-stage-tech-firms. 
  18. ↑ "Temasek's Vertex recruits Japan Inc. for $770m unicorn fund" (in en-GB). https://asia.nikkei.com/Business/Startups/Temasek-s-Vertex-recruits-Japan-Inc.-for-770m-unicorn-fund. 
  19. ↑ "Temasek tech arm taps 'resilient' Japanese funders to widen reach" (in en-GB). https://asia.nikkei.com/Business/Startups/Temasek-tech-arm-taps-resilient-Japanese-funders-to-widen-reach. 
  20. ↑ Daga, Anshuman (20 January 2022). "Singapore lists first SPAC as Asia investors warm up to blank check firms". https://www.reuters.com/markets/europe/singapore-makes-bold-foray-into-spac-market-temasek-backed-firm-lists-thursday-2022-01-19/. 
  21. ↑ "Automotive Cyber Security Pioneer Argus Secures $4M Series A Funding" (in en-US). 26 September 2014. https://argus-sec.com/automotive-cyber-security-pioneer-argus-secures-4m-series-funding/. 
  22. ↑ "Germany's Continental buys Israeli auto cyber firm Argus" (in en). Reuters. 3 November 2017. https://www.reuters.com/article/us-argus-m-a-continental-idUSKBN1D31DR. 
  23. ↑ "Vertex Ventures China Exits - CB Insights" (in en-US). https://www.cbinsights.com/investor/vertex-ventures-china-portfolio-exits. 
  24. ↑ Demos, Orr Hirschauge And Telis (17 June 2014). "Security Software Maker Cyber-Ark Plotting Possible 2014 U.S. IPO" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/security-software-maker-cyber-ark-plotting-possible-2014-u-s-ipo-1403012628. 
  25. ↑ "Vertex Ventures hits $230M first close on new fund for Southeast Asia and India" (in en-US). https://social.techcrunch.com/2019/05/16/vertex-southeast-asia-230-million-first-close-fund/. 
  26. ↑ Stoler, Tofi (3 April 2018). "Cloud Networking Startup Meta Networks Exits Stealth, Raises $10 Million in Seed". https://www.calcalistech.com/ctech/articles/0,7340,L-3735469,00.html. 
  27. ↑ McSpadden, Kevin. "Eyeing Singapore, MoBike announces strategic investment from Temasek, Hillhouse Capital" (in en). https://e27.co/eyeing-singapore-mobike-announces-strategic-investment-temasek-hillhouse-capital-20170220/. 
  28. ↑ "Medtronic to Acquire Twelve, Inc., Developer of Transcatheter Mitral Valve Replacement Device" (in en-US). 25 August 2015. http://finance.yahoo.com/news/medtronic-acquire-twelve-inc-developer-130202995.html. 
  29. ↑ Goel, Vindu; Miller, Claire Cain (9 June 2013). "Google Close to Acquiring Waze, a Rival in Maps" (in en-US). https://bits.blogs.nytimes.com/2013/06/09/google-is-close-to-acquiring-waze-a-rival-in-maps/. 
  30. ↑ Chapman, Lizette (12 June 2013). "Waze Investors Find Map to Healthy Exit in Google Acquisition" (in en-US). Wall Street Journal. ISSN 0099-9660. http://blogs.wsj.com/venturecapital/2013/06/11/waze-investors-find-map-to-healthy-exit-in-google-acquisition/. 

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