Vertex Ventures Closes Fifth Managed Fund Worth 8,2 Trillion Rupiah

Vertex Ventures SEA and India (VVSEAI) announced that it has closed its 5th managed fund raising (Fund V) worth $541 million (around IDR 8,2 trillion). The funds obtained were 80% higher than the realization of Fund IV in 2020.

Fund V was injected by old and new investors, including sovereign wealth funds (sovereign wealth funds), financial institutions, corporations, and family office in Asia and Europe. Limited Partners (LP) participating include Japan Investment Corp., International Finance Corporation (IFC), to DEG (German Development Finance Institute).

As stated in its official statement, VVSEAI revealed that its portfolio had made a profit cash-on-cash The high level contributed to the achievement of Fund V raising from the initial target of $450 million. The portfolio in question is Grab, FirstCry, XpressBees, and Recko. Vertex claims to have acquired return amazingly finished exit from the startup.

VVSEAI Managing Partner Chua Joo Hock commented on the growth potential of startups in Southeast Asia and India, where the ecosystem is increasingly mature.

"We invest in many early stage startups, and in some cases we were the first institutional investors in Southeast Asian and Indian startups that are now successful. Our approach has not changed, namely investing selectively and wisely. We do not want to be passive investors, but partner closely and support journey founder since the beginning. This approach allows us to take part of the success unicorn, like Grab and nium."

Partners Vertex Ventures Southeast Asia and India Gary Khoeng also highlighted the rapid adoption of digital by the MSME segment, especially in Indonesia. In addition, there is an increase in financial transactions via devices mobile devices enabling innovation opportunities, such as mobility and green technology.

"We have been an active investor in Indonesia with a portfolio including Dailybox, Fairatmos, Manuva, and TipTip. With this new fund, we will continue to support these founder innovative so that they can become well-known startups on a regional or global scale," said Gary.

VVSEAI also announced that Fund V includes a $50 million fund allocation that will be invested in parallel into startups with at least one founder Woman. More than 35% of startups in Vertex's Fund IV cohort have one founder Woman. This allocation is to demonstrate VVSEAI's commitment to diversity, equity and inclusion.

For information, Vertex Ventures SEA and India invests in fast-growing startups in Southeast Asia and India, with a main focus in Singapore, India, Indonesia, Thailand, Vietnam and Malaysia. Vertex has invested in more than 80 startups in the region.

The company said it would continue its strategy to invest in early stage startups and technology-based companies in Southeast Asia and India with priority sectors fintech, healthtech, consumer tech, to mobility. To support this investment, Vertex has eight partners with a total of 22 investment staff in Singapore, Bangalore, Jakarta, Bangkok, Ho Chi Minh and Gurgaon.