Vertex Holdings
{{Short description|A subsidiary of Temasek holding}}
{{Use dmy dates|date=December 2021}}
{{Infobox company
| name = Vertex Holdings
| logo = Vertex Holdings.png
| type = Subsidiary
| industry = Venture capital
| founded = {{start date and age|1988}}
| location_city = Singapore
| location_country =
| area_served = South East Asia, China, India, Israel, United States of America
| services = IT, Healthcare
| parent = Temasek
| homepage = {{URL|http://vertexholdings.com}}
| footnotes =
}}
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.
Vertex provides anchor funding{{Cite web|title=CEO of Singapore venture capital firm Vertex Ventures shares secret of spotting next big thing over breakfast at Trump-Kim hotel|url=https://www.todayonline.com/singapore/ceo-singapore-venture-capital-firm-vertex-ventures-shares-secret-spotting-next-big-thing|access-date=20 August 2020|website=TODAYonline}} and operational support{{Cite web|date=3 October 2015|title=Vertex Venture gets funds to go global|url=https://www.straitstimes.com/business/companies-markets/vertex-venture-gets-funds-to-go-global|access-date=16 June 2020|website=The Straits Times|language=en}} to these funds. Each fund has its own General Partners and investment teams, focusing on different regional markets.{{Cite news|url=https://www.reuters.com/article/us-vertex-southeast-asia-idUSKCN1VX11O|title=Singapore's Vertex adds $290 million venture fund for high-growth tech firms|newspaper=Reuters |date=12 September 2019|via=www.reuters.com}}
History
Incorporated in 1988, Vertex Holdings started as a corporate venture capital (CVC) under Singapore Technologies.{{cite web|url=https://iie.smu.edu.sg/GHE_AMA|title=ASK-ME-ANYTHING (AMA)|website=SMU Institute of Innovation and Entrepreneurship}}
The company became a full subsidiary{{Cite web |title=Singapore Technologies {{!}} Infopedia |url=https://eresources.nlb.gov.sg/infopedia/articles/SIP_1042_2011-03-29.html |access-date=14 September 2020 |website=eresources.nlb.gov.sg}} 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. {{Cite web |last=Huang |first=Elaine |title=It's all about execution: Chua Kee Lock, CEO, Vertex Venture Holdings |url=https://e27.co/its-all-about-execution-chua-kee-lock-ceo-vertex-venture-holdings-20150903/ |access-date=20 July 2020 |website=e27 |language=en}}
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.{{Cite web|date=27 January 2015|title=Disrupting industries, and Vertex Venture's double purpose|url=https://www.digitalnewsasia.com/sizzle-fizzle/disrupting-industries-and-vertex-ventures-double-purpose|access-date=20 July 2020|website=Digital News Asia|language=en}}
The Vertex Growth fund was the sixth fund{{Cite news|last=Aravindan|first=Anshuman Daga, Aradhana|date=12 September 2019|title=Singapore's Vertex adds $290 million venture fund for high-growth tech firms|language=en|work=Reuters|url=https://www.reuters.com/article/us-vertex-southeast-asia-idUSKCN1VX11O|access-date=14 September 2020}} added in 2019 to focus on growth-stage{{Cite web|date=13 September 2019|title=Temasek's Vertex adds new $398.7m fund to back growth-stage tech firms|url=https://www.straitstimes.com/business/companies-markets/temaseks-vertex-adds-new-3987m-fund-to-back-growth-stage-tech-firms|access-date=14 September 2020|website=The Straits Times|language=en}} 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,{{Cite web|title=Temasek's Vertex recruits Japan Inc. for $770m unicorn fund|url=https://asia.nikkei.com/Business/Startups/Temasek-s-Vertex-recruits-Japan-Inc.-for-770m-unicorn-fund|access-date=14 September 2020|website=Nikkei Asian Review|language=en-GB}} receiving $180 million from Japanese investors.{{Cite web|title=Temasek tech arm taps 'resilient' Japanese funders to widen reach|url=https://asia.nikkei.com/Business/Startups/Temasek-tech-arm-taps-resilient-Japanese-funders-to-widen-reach|access-date=14 September 2020|website=Nikkei Asian Review|language=en-GB}}
In May 2024, Vertex Holdings launched its first Japan-focused fund.{{Cite news |last1=Suruga |first1=Tsubasa |date=17 May 2024 |title=Temasek's venture capital arm to launch first Japan-focused fund |url=https://asia.nikkei.com/Business/Startups/Temasek-s-venture-capital-arm-to-launch-first-Japan-focused-fund |website=NikkeiAsia}}
Some well known investments made by Vertex funds include CyberArk,{{Cite news |last=Demos |first=Orr Hirschauge And Telis |date=17 June 2014 |title=Security Software Maker Cyber-Ark Plotting Possible 2014 U.S. IPO |url=https://www.wsj.com/articles/security-software-maker-cyber-ark-plotting-possible-2014-u-s-ipo-1403012628 |access-date=17 September 2020 |work=Wall Street Journal |language=en-US |issn=0099-9660}} Grab,{{Cite web |date=16 May 2019 |title=Vertex Ventures hits $230M first close on new fund for Southeast Asia and India |url=https://techcrunch.com/2019/05/16/vertex-southeast-asia-230-million-first-close-fund/ |access-date=17 September 2020 |website=TechCrunch |language=en-US}} Mobike{{Cite web |last=McSpadden |first=Kevin |title=Eyeing Singapore, MoBike announces strategic investment from Temasek, Hillhouse Capital |url=https://e27.co/eyeing-singapore-mobike-announces-strategic-investment-temasek-hillhouse-capital-20170220/ |access-date=17 September 2020 |website=e27 |language=en}} and Waze.{{Cite web |last1=Goel |first1=Vindu |last2=Miller |first2=Claire Cain |date=9 June 2013 |title=Google Close to Acquiring Waze, a Rival in Maps |url=https://bits.blogs.nytimes.com/2013/06/09/google-is-close-to-acquiring-waze-a-rival-in-maps/ |access-date=17 September 2020 |website=NYT |language=en-US}}{{Cite news |last=Chapman |first=Lizette |date=12 June 2013 |title=Waze Investors Find Map to Healthy Exit in Google Acquisition |url=http://blogs.wsj.com/venturecapital/2013/06/11/waze-investors-find-map-to-healthy-exit-in-google-acquisition/ |access-date=17 September 2020 |work=Wall Street Journal |language=en-US |issn=0099-9660}}
References
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