SINGAPORE -- Vertex Ventures Southeast Asia and India has raised $541 million for its latest and largest fund, the Singapore-based venture capital firm announced Tuesday, despite a tough fundraising environment that continues to weigh on regional investors and startups.
Launched in 2022, the new Fund V was oversubscribed and exceeded the initial target of $450 million. New investors include the government-backed Japan Investment Corporation (JIC), which has committed $30 million, as well as the World Bank's International Finance Corporation (IFC) and Germany's DEG.
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