Vertex Ventures SEA and India closes round for US$305m fund

It will back Series A tech startups in fintech, consumer internet, and enterprise technology.

Vertex Ventures Southeast Asia and India completed the final close of its newest fund at US$305m, an announcement revealed. This comes after the fund announced in May that it had reached its target corpus of US$230m in its first close.

The firm aims to start deployment from Fund IV before the end of the year, and will continue its strategy of investing in early-stage Series A technology companies in Southeast Asia and India, across Enterprise Technology, Financial Technology and Consumer Internet.

Fund IV was backed by both existing and new limited partners, including sovereign wealth funds, financial institutions, corporates and family offices across Asia and Europe.

Some recent investments include GlowRoad (social commerce in India), RoomMe (guesthouse “kosts” aggregator in Indonesia), and Sunday (digital insurance platform in Thailand).

Other companies in the Vertex Ventures SEA & India portfolio include Payfazz (agent-based financial platform for the unbanked and underbanked population in Indonesia), Licious (online farm-to-fork meat brand), Warung Pintar (technology-enabled micro SME stores), Storehub (cloud-based point-of-sale platform for SMEs), and Validus (marketplace lending for SME’s invoice financing).

Vertex Ventures SEA & India has made more than 40 investments across the region and is completing its last remaining investments in Fund III.  

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