Vertex Ventures $541 Mn VVSEAI Fund V to Boost Asia’s Startup Growth Trajectory

Vertex Ventures Southeast Asia & India(VVSEAI) on Tuesday said it has secured $541 million (about Rs 4,489 crore) in a funding round. The fund invests in companies and supporting globally minded entrepreneurs in tackling humanity’s most substantive problems, often in markets poorly served by technology today, with an eventual goal to accelerate Asia’s growth and transformation.

The new Fund V raise follows cash-on-cash returns from VVSEAI’s portfolio and successful exits from its investments in companies such as Grab, FirstCry, XPressBees, Recko, and others.

Vertex Ventures VVSEAI Fund deliver superior cash-on-cash returns

“Our earlier funds have had superior cash-on-cash returns and are outperforming benchmarks. This track record led most of our investors from VVSEAI Fund IV to return as investors in VVSEAI Fund V and increase their allocation. “In addition, we expanded our total investor base significantly and are happy to welcome all our Limited Partners,” Vertex Ventures SEAI Managing Partner Ben Mathias said.

VVSEAI invests in high-growth startups seeking their early round of institutional venture capital funding in Southeast Asia and India, with a primary focus on Singapore, India, Indonesia, Thailand, Vietnam, Malaysia and other emerging hubs across the region.

The firm has made more than 80 investments and will continue its strategy of investing in early-stage technology and technology-enabled companies in sectors such as Enterprise Technology, Financial Technology, Consumer Internet, Digital Health, Sustainability, Mobility and others. It has 8 investing partners with a total of 22 investing staff across its offices in Singapore, Bangalore, Jakarta, Bangkok, Ho Chi Minh and Gurgaon.

The VVSEAI Fund V exceeds its target fund of $450 million (about Rs 3,734 crore) and is 80% larger than VVSEAI Fund IV raised in 2019, the company said in a statement.

The fund is backed by existing and new limited partners like Japan Investment Corporation (JIC), International Finance Corporation (IFC) and DEG (a German development finance institution), sovereign wealth funds, financial institutions, corporates and family offices across Asia and Europe.

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