Vertex Ventures Southeast Asia and India (VVSEAI) has successfully raised USD 541 million for its fifth and newest fund.
The launch of VVSEAI’s new Fund V follows the portfolio’s impressive cash-on-cash gains. This includes extraordinarily lucrative exits from its investments in Grab, FirstCry, XPressBees, and Recko, among many other companies. Existing and new limited partners, including family offices, corporations, sovereign wealth funds, and financial institutions from Asia and Europe, support the VVSEAI Fund V. Japan Investment Corporation (JIC), International Finance Corporation (IFC), and DEG (German Development Finance Institution) are some of the new Limited Partners.
Ben Mathias, Managing Partner of Vertex Ventures Southeast Asia and India commented, “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 Fund V and increase their allocation. In addition, we expanded our total investor base significantly and are happy to welcome all our Limited Partners.”
A special co-investment envelope of USD 50 million is included in the fund corpus for co-investing alongside the main fund in entrepreneurs founded by women. The goal of VVSEAI Fund IV is to encourage more women entrepreneurs; more than 35% of the firms in the fund have at least one female founder. This envelope will help achieve that goal.
VVSEAI invests in high-growth firms looking for their early round of institutional venture capital funding in Southeast Asia and India. The company has invested in more than 80 startups and will keep doing so in a variety of industries, including enterprise technology, financial technology, consumer internet, mobility, and others. Licious, KukuFM, Kissht, Ace Turtle, Kapiva, BeepKart, Certa, Signzy, and Ayu Health are some of the Indian businesses supported by Vertex.
“The macro opportunity is palpable, but what excites us more is the continuing maturity of the ecosystem and the quality of founders we are working with in building category-defining companies. Especially in India, we are working with founders tackling very interesting problems across socioeconomic strata in India and building great products for the world,” said Piyush Kharbanda, general partner, Vertex Ventures.
About Vertex Ventures
Vertex Ventures invests with founders who are building innovative, disruptive, and scalable businesses in Southeast Asia and India. It has a lengthy and successful track record of funding early-stage firms and developing industry leaders including Grab, PatSnap, Nium, FirstCry, XPressBees, Licious, and 17LIVE. With unique operational expertise and extensive access to the resources (money, talent, partners, customers) they require to develop truly global enterprises, VVSEAI provides support to its portfolio companies.