Vertex Holdings

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Vertex Holdings
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

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". 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.{{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. ^ 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. 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. ISSN 0099-9660
    . Retrieved 17 September 2020.

External links
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