Vertex Ventures has exceeded the $150m target for its latest fund, securing external investment for the first time from Kasikornbank.
Vertex Ventures, the VC arm of Singapore state-owned investment firm Temasek, has raised more than $150m for its third fund aimed at Southeast Asia and India, Tech in Asia reported today.
The fundraising effort included a commitment from Thailand-based financial services firm Kasikornbank, marking the first time that Vertex has sought investment from someone other than Temasek.
The $150m figure represents the fund’s target, but Vertex said it will close the fund at the end of the year.
The fund…
