Vertex Holdings

Last updated

Vertex Holdings
Company type Subsidiary
IndustryVenture capital
Founded1988
Headquarters
Singapore
Area served
 South East Asia, China, India, Israel, United States of America
Services IT, Healthcare
Total assets Over $6 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 $6 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] Ivantis, [28] Eyebio, [29] and Waze. [30] [31]

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References

  1. ↑ Suruga, Tsubasa (17 May 2024). "Temasek's venture capital arm to launch first Japan-focused fund". NikkeiAsia.
  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.{{cite news}}: CS1 maint: multiple names: authors list (link)
  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. ↑ Suruga, Tsubasa (17 May 2024). "Temasek's venture capital arm to launch first Japan-focused fund". NikkeiAsia.
  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. ↑ "Alcon Completes Acquisition of Ivantis, Inc., Bringing Hydrus Microstent into Its Global Surgical Portfolio". investor.alcon.com. 1 October 2022.
  29. ↑ "Merck Completes Acquisition of EyeBio". merck.com. 12 July 2024.
  30. ↑ Goel, Vindu; Miller, Claire Cain (9 June 2013). "Google Close to Acquiring Waze, a Rival in Maps". NYT. Retrieved 17 September 2020.
  31. ↑ 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.
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