Temasek tech arm taps 'resilient' Japanese funders to widen reach

Vertex Holdings seeks out patient capital to boost corporate ties with startups

20200129 Temasek Holdings logo at their headquarters

Vertex, the venture capital arm of Singaporean sovereign wealth fund Temasek Holdings, is tapping Japanese companies and government agencies to fuel its growth amid caution over cooling tech valuations. © Reuters

WATARU SUZUKI, Nikkei staff writer

TOKYO -- The venture capital arm of Singaporean sovereign wealth fund Temasek Holdings is diversifying its sources of funding by tapping an unusual group of Japanese companies and government agencies to fuel its global expansion at a time when many other investors feel skittish about cooling tech valuations.

Vertex Holdings last month began holding meetings with its Japanese investors, including the government-linked Development Bank of Japan, trading company Marubeni, consultant ABeam Consulting and Risa Partners, an investment bank, to discuss potential areas of collaboration with the roughly 200 startups that it invests in.

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