Vertex Holdings

Last updated

Vertex Holdings
Type Subsidiary
IndustryVenture capital
Founded1988
Headquarters
Singapore
Area served
 South East Asia, China, India, Israel, United States of America
Services IT, Healthcare
Total assets $5 billion [1]
Website vertexholdings.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]

Contents

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]

Related Research Articles

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

<span class="mw-page-title-main">Temasek Holdings</span> Singaporean state-owned conglomerate

Temasek Holdings (Private) Limited, or simply Temasek, is a global investment company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek has a net portfolio of US$287 billion as of 2023, with S$27 billion divested and S$31 billion invested during the year.

Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

<span class="mw-page-title-main">Khazanah Nasional</span> Malaysian government sovereign wealth fund

Khazanah Nasional Berhad (lit. 'National Treasure Limited'; doing business as Khazanah Nasional or simply Khazanah) is the sovereign wealth fund of the Government of Malaysia. One of the largest sovereign wealth funds in the world, it was established to invest surplus revenues for Malaysia. Through its investments and activities, the fund seeks to deliver sustainable economic and societal benefit for the nation. This includes achieving long-term risk-adjusted returns across the portfolio, as well as undertaking investments that catalyse new growth areas, strengthen Malaysia’s economic competitiveness, and contribute to priority socioeconomic outcomes.

Lightspeed Venture Partners is an American venture capital firm focusing on multi-stage investments in the enterprise, consumer, and health sectors. Lightspeed invests in seed, early and growth-stage companies.

GGV Capital is a global venture capital firm. The firm was established in 2000 and is headquartered in Menlo Park, California. Formerly known as Granite Global Ventures, the firm has become one of the most active American investors in Chinese artificial intelligence companies. As of 2021, it manages $9.2 billion in capital across 17 funds.

<span class="mw-page-title-main">Jerusalem Venture Partners</span> International venture capital firm

Jerusalem Venture Partners (JVP) is an international venture capital firm founded in 1993. The fund specializes in investments in startup companies, focusing on digital media, enterprise software, semiconductors, data storage and cyber security, having raised close to $1.4 billion USD across nine funds. JVP is headquartered in Margalit Startup City Jerusalem with offices in Be'er Sheva, New York City and Paris.

Tembusu Partners is a boutique Singapore-based private equity firm which invests in venture to growth stage companies in technology, education and healthcare sectors. The firm also previously facilitated the Singapore Valley Awards - an entrepreneurship initiative to award local university students with internships at leading innovation companies in China.

OurCrowd is an online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies at an early stage while still privately held. Based in Jerusalem, the company launched in February 2013, and has since opened overseas branches in the United States, the United Kingdom, Canada, Australia, Spain, Singapore, Brazil, and the UAE.

<span class="mw-page-title-main">Grab (company)</span> Singaporean technology company

Grab Holdings Inc. is a multinational technology company headquartered in One-north, Singapore. It is the developer of a super-app for transportation, food delivery and digital payments services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.

LeapFrog Investments is a private investment firm that invests in high-growth financial services, healthcare and climate solutions companies in emerging markets. Since inception, LeapFrog has attracted over $2 billion USD from global investors. The firm's investments have grown at more than 24% annually over the life of the firm and its companies reach approximately 451 million consumers, primarily in Africa and Asia. LeapFrog has been ranked by Fortune as one of the top five Companies to Change the World, the first private investment firm ever listed.

PT Gojek Indonesia is an Indonesian on-demand multi-service platform and digital payment technology group based in Jakarta. Gojek was first established in Indonesia in 2009 as a call center to connect consumers to courier delivery and two-wheeled ride-hailing services. Gojek launched its application in 2015 with only four services: GoRide, GoSend, GoShop, and GoFood. Valued at US$10 billion today, Gojek has transformed into a super app, providing more than 20 services.

<span class="mw-page-title-main">Pitango</span> Israeli venture capital fund

Pitango VC, established in 1993, is Israel's largest venture capital fund with over $2.8 billion under management. Pitango VC invests through three dedicated funds, Pitango First, Pitango HealthTech, and Pitango Growth. Pitango invests in startups around the world, in domains such as Vertical SaaS, Digital Health, Deep Tech, FinTech & InsureTech, Devops, Generative AI, Web3, and FoodTech.

Nium is a Singapore-headquartered cross-border payments company. Initially founded by Prajit Nanu and Michael Bermingham, and launched as consumer-remittance platform Instarem in 2014. In 2016, the company introduced its B2B payments platform and rebranded as Nium in 2019, subsequently elevating Pratik Gandhi to co-founder in 2021.

YL Ventures is an American-Israeli venture capital firm that specializes in seed stage cybersecurity investments.

<span class="mw-page-title-main">Dymon Asia</span> Singapore investment firm

Dymon Asia is an Asia-focused investment management firm based in Singapore. It is considered one of the largest hedge funds in Singapore and Asia.

<span class="mw-page-title-main">JAFCO</span> Japanese venture capital firm

JAFCO Group Co., Ltd., abbreviated as JAFCO is a investment holding company headquartered in the Toranomon district of Minato-ku, Tokyo, Japan. It is listed on the First Section of the Tokyo Stock Exchange. JAFCO is considered to be the oldest as well as largest Venture Capital company in Japan.

The Samsung Catalyst Fund (SCF) is the evergreen venture capital fund of Samsung Electronics. The fund invests in deep technology, artificial intelligence and big data startups. The fund's headquarters are located in San Jose, California, with offices in Seoul, Tel Aviv, and Paris.

Oriza Holdings (Oriza) is a Chinese investment firm founded in 2001. The firm is the investment arm of Suzhou Industrial Park. It provides equity and debt financing and seeks to invest in companies based in the technology, healthcare and materials sector. It also has a fund of funds strategy that invests in other venture capital and private equity funds.

References

  1. ↑ Daga, Anshuman (20 January 2022). "Singapore lists first SPAC as Asia investors warm up to blank check firms". Reuters.
  2. ↑ "CEO of Singapore venture capital firm Vertex Ventures shares secret of spotting next big thing over breakfast at Trump-Kim hotel". TODAYonline. Retrieved 20 August 2020.
  3. ↑ "Vertex Venture gets funds to go global". The Straits Times. 3 October 2015. Retrieved 16 June 2020.
  4. ↑ "Singapore's Vertex adds $290 million venture fund for high-growth tech firms". Reuters. 12 September 2019 – via www.reuters.com.
  5. ↑ Gooptu, Biswarup (27 October 2015). "Vertex Venture to increase investment pace in India, focus on early-stage ventures". The Economic Times.
  6. ↑ "Temasek anchor LP in Vertex Ventures' inaugural $141m fund". DealStreetAsia. Retrieved 16 June 2020.
  7. ↑ "Ex-Facebook exec Jonathan Heiliger forms new VC firm - Fortune". Fortune.
  8. ↑ Menur, Anisa. "[Updated] Today's top tech news: Vertex Ventures China closes its largest USD fund". e27. Retrieved 16 June 2020.
  9. ↑ "Vertex Ventures China leads $30m pre-Series A round in Lele Tea". DealStreetAsia. Retrieved 20 August 2020.
  10. ↑ "Vertex Ventures Israel". Bloomberg .
  11. ↑ "Vertex Ventures Israel, TLV Partners Are Israel's Busiest Venture Firms in 2018". Calcalistech. 30 January 2019.
  12. ↑ "ASK-ME-ANYTHING (AMA)". SMU Institute of Innovation and Entrepreneurship.
  13. ↑ "Singapore Technologies | Infopedia". eresources.nlb.gov.sg. Retrieved 14 September 2020.
  14. ↑ Huang, Elaine. "It's all about execution: Chua Kee Lock, CEO, Vertex Venture Holdings". e27. Retrieved 20 July 2020.
  15. ↑ "Disrupting industries, and Vertex Venture's double purpose". Digital News Asia. 27 January 2015. Retrieved 20 July 2020.
  16. ↑ Aravindan, Anshuman Daga, Aradhana (12 September 2019). "Singapore's Vertex adds $290 million venture fund for high-growth tech firms". Reuters. Retrieved 14 September 2020.
  17. ↑ "Temasek's Vertex adds new $398.7m fund to back growth-stage tech firms". The Straits Times. 13 September 2019. Retrieved 14 September 2020.
  18. ↑ "Temasek's Vertex recruits Japan Inc. for $770m unicorn fund". Nikkei Asian Review. Retrieved 14 September 2020.
  19. ↑ "Temasek tech arm taps 'resilient' Japanese funders to widen reach". Nikkei Asian Review. Retrieved 14 September 2020.
  20. ↑ Daga, Anshuman (20 January 2022). "Singapore lists first SPAC as Asia investors warm up to blank check firms". Reuters.
  21. ↑ "Automotive Cyber Security Pioneer Argus Secures $4M Series A Funding". Argus Cyber Security. 26 September 2014. Retrieved 17 September 2020.
  22. ↑ "Germany's Continental buys Israeli auto cyber firm Argus". Reuters. 3 November 2017. Retrieved 17 September 2020.
  23. ↑ "Vertex Ventures China Exits - CB Insights". www.cbinsights.com. Retrieved 17 September 2020.
  24. ↑ Demos, Orr Hirschauge And Telis (17 June 2014). "Security Software Maker Cyber-Ark Plotting Possible 2014 U.S. IPO". Wall Street Journal. ISSN   0099-9660 . Retrieved 17 September 2020.
  25. ↑ "Vertex Ventures hits $230M first close on new fund for Southeast Asia and India". TechCrunch. Retrieved 17 September 2020.
  26. ↑ Stoler, Tofi (3 April 2018). "Cloud Networking Startup Meta Networks Exits Stealth, Raises $10 Million in Seed". CTECH - www.calcalistech.com. Retrieved 17 September 2020.
  27. ↑ McSpadden, Kevin. "Eyeing Singapore, MoBike announces strategic investment from Temasek, Hillhouse Capital". e27. Retrieved 17 September 2020.
  28. ↑ "Medtronic to Acquire Twelve, Inc., Developer of Transcatheter Mitral Valve Replacement Device". finance.yahoo.com. 25 August 2015. Retrieved 17 September 2020.
  29. ↑ Goel, Vindu; Miller, Claire Cain (9 June 2013). "Google Close to Acquiring Waze, a Rival in Maps". NYT. Retrieved 17 September 2020.
  30. ↑ Chapman, Lizette (12 June 2013). "Waze Investors Find Map to Healthy Exit in Google Acquisition". Wall Street Journal. ISSN   0099-9660 . Retrieved 17 September 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.