Temasek's Vertex closes record US$305 million Southeast Asian fund

SINGAPORE (Sept 19): Vertex Venture Holdings Ltd., a unit of Singapore’s Temasek Holdings Pte, has closed its fourth Southeast Asia and India fund at a record US$305 million ($420.4 million)

The amount raised was a record for an early-stage investment vehicle in the region, underscoring growing interest in its startup scene. The new fund of Vertex Ventures Southeast Asia and India – the first institution to back ride-hailing giant Grab – far exceeded its original target of US$230 million.