Paktor investor Vertex Ventures has closed a third investment fund for Southeast Asia and India.
The fund is backed by Kasikorn Bank and Cathay Life Insurance and has a total of $210m – exceeding its target size of $150m.
Vertex Ventures will continue to fund early-stage tech companies in both Southeast Asia and India in the areas of enterprise technology, financial technology and consumer internet.
Managing Partner Joo Hock Chua said: “In addition to our current offices, we will expand our presence to other SEA cities in the near future to better access local opportunities.
“There is a lot of opportunity in India. A lot of enterprise companies with customers outside the country are doing well.
“We are looking at enterprise, fintech, and consumer companies that can scale. We are going to announce a couple more investments this year in India and Singapore.”
The organisation is the VC arm of Singapore state investor Temasek Holdings, and was an early investor in taxi app Grab, which was recently valued at $6bn in a $2.5bn fundraising round.
It was also an early investor in Southeast Asian dating star Paktor, investing $2m for the dating app’s Series A round in November 2014, and leading its $7.5m round in July 2015.
Read more here.