- 12 Sep
Vertex Ventures Southeast Asia and India raises $541 million for its fifth fund
Vertex Ventures Southeast Asia and India has raised $541 million for its fifth fund, which will be used to invest in startups in the region. The firm is also planning to set up a $50 million fund to invest in startups led by women founders. Vertex has been investing in the region for over 10 years and has backed more than 80 companies, including Singapore's Grab Holdings Ltd., Nium Pte and Patsnap. The firm's managing partners believe that there are still strong investment opportunities in the region despite the current slowdown in the global technology sector.