Singapore's Vertex closes $541m ASEAN, India fund amid tech dip

New vehicle includes dedicated co-investment capital for female founders

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From left: Vertex Ventures Southeast Asia and India Managing Partner Chua Kee Lock, Managing Partner Chua Joo Hock, General Partner Carmen Yuen and Managing Partner Ben Mathias. (Photo by Tsubasa Suruga)

TSUBASA SURUGA, Nikkei staff writer

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.

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