Vertex Ventures
What we see today is appropriate level of investment: Ben Mathias
Mathias said there is a correction taking place in the ecosystem compared to three years ago when companies were given money unjustifiably
 "What we see today is appropriate level of investment: Ben Mathias")
Vertex Ventures' SEA and India arm raises $541 mn, expands investor base
Vertex Ventures Southeast Asia and India (VVSEAI) on Tuesday said it has raised USD 541 million (about Rs 4,489 crore) in a funding round. The VVSEAI Fund V exceeds its target fund of USD 450 million (about Rs 3,734 crore) and is 80 per cent larger than VVSEAI Fund IV raised in 2019, the company said in a statement. The new Fund V raise comes on the heels of cash-on-cash returns from VVSEAI's portfolio and successful exits from its investments in companies such as Grab, FirstCry, XPressBees, Recko, and others. 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. "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
 "Vertex Ventures' SEA and India arm raises $541 mn, expands investor base")
Proactive For Her raises $5.5mn in series A round led by Vertex Ventures
Founded by Achitha Jacob in August 2020, Proactive For Her offers evidence-based primary and preventive healthcare services for women across life stages
 "Proactive For Her raises $5.5mn in series A round led by Vertex Ventures")
Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital
The deal comes in the background of growing popularity of audio platform, including local ones
 "Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital")
Our third fund will be much more active in India: Vertex Ventures MD
We will allocate follow-on dollars so that we continue to back the companies through their life-cycle: Vertex Ventures MD Ben Mathias
 "Our third fund will be much more active in India: Vertex Ventures MD")
Temasek-backed VC firm Vertex Ventures closes third fund for India, SE Asia
Vertex plans to continue its strategy of investing in early-stage tech companies
 "Temasek-backed VC firm Vertex Ventures closes third fund for India, SE Asia")
