Vertex Holdings
A subsidiary of Temasek holding From Wikipedia, the free encyclopedia
Vertex Venture Holdings, also known as Vertex Holdings, is an investment holding company based in Singapore 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.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Venture capital |
| Founded | 1988 |
| Headquarters | |
Area served | South East Asia, China, India, Israel, United States of America |
| Services | IT, Healthcare |
| Total assets | $6 billion (2024)[1] |
| Parent | Temasek |
| Website | vertexholdings |
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]
History
Incorporated in 1988, Vertex Holdings started as a corporate venture capital (CVC) under Singapore Technologies.[5]
The company became a full subsidiary[6] of Temasek Holdings in 2004, after the dot-com bubble.
In 2008, a new CEO, Chua Kee Lock, was brought in to manage the company. [7]
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.[8]
The Vertex Growth fund was the sixth fund[9] added in 2019 to focus on growth-stage[10] 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,[11] receiving $180 million from Japanese investors.[12]
In May 2024, Vertex Holdings launched its first Japan-focused fund.[13]
Some well known investments made by Vertex funds include CyberArk,[14] Grab,[15] Mobike[16] and Waze.[17][18]
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.