Another fund is coming! Vertex Venture Holdings has announced that they have raised over $900M in the initial fundraising round of its latest fund, the Vertex Master Fund III. 

• Set up in 2021, the first round was completed back in June. 
• The company’s $1B target fund is set to be completed “in the coming months”. 

Who’s got the money? Some $80M came from Japanese investors, namely Marubeni, the Development Bank of Japan, Risa Partners, and an institutional investor.

• Vertex entered the Japanese market in 2020 and made their first investment in AI startup, Alt.
• Their previous fund raised $730M in 2019. 

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➕ Run the numbers!

Vertex Venture Holdings is the VC arm of Temasek Holdings—Singapore’s state-owned investment firm. 

They typically invest in early-stage startups in various sectors. 

Apart from investing in IPO-ed companies like Grab, they also funded:

• 📈  PatSnap, an AI-powered intelligence platform that just reached unicorn status.
• 🪙 Nium, a global fintech provider offering cross-border payments. 
• 🎣 Aruna, an agritech that connects Indonesian fishermen to local and global supply chains.
• 🤳 TipTip, which helps Indonesian creators monetize their content. 

That’s a lot! All in all, they’ve got $6B in assets under management.

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🌳 The rest of the family

The Vertex network (there are 6 of them!) has over 300 active companies in its portfolio.

• They have 5 early-stage funds specializing in SEA/India, China, the US, Israel, and healthcare companies. 
• They also have a growth-stage fund for later-stage startups. 

On their own? According to their website, the firms raise and manage funds independently.