Elan Microelectronics has contributed to a $290m fund raised by Vertex Ventures that has so far invested 10% of its capital in markets including Southeast Asia.

Singapore-based venture capital firm Vertex Ventures has closed its Vertex Growth Fund at $290m with backing from limited partners including computer touchpad manufacturer Elan Microelectronics, Reuters has reported.

The fund surpassed its original $250m target and was also backed by Vertex’s state-owned parent firm, Temasek, as well as unnamed institutional investors, family offices and funds from Southeast Asia and Taiwan.

Founded in 2015, Vertex now has a total of six independently-run VC funds spanning Southeast Asia, China, India the US…