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Venture Capital
vertexventures.cn

Investments

151

Portfolio Exits

11

Funds

3

Partners & Customers

1

About Vertex Ventures China

Vertex Ventures China invests in high-growth internet and technology start-ups across mainland China and provides funding support and value-add services to portfolio companies in their growth stage. The company is based in Beijing, China.

Headquarters Location

No. 1 Jian Guo Men Wai Avenue Unit 2115, Level 21, China World Tower 1

Beijing, Beijing, 100004,

China

+86 10 6505 9555

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Latest Vertex Ventures China News

Temasek’s VC arm Vertex raises $900M in first round of new fund, plans to close in “coming months”, says CEO

Jul 13, 2023

Temasek's VC arm Vertex raises $900M in first round of new fund, plans to close in "coming months", says CEO Vertex Venture Holdings , the venture capital arm of Singapore’s state investor Temasek Holdings, has raised over $900 million from its investors in the first fundraising round for its latest for its latest fund as it plans to close the fund in “coming months”, its chief executive said. “To date, Vertex Holdings has raised over $900 million from investors. Vertex Holdings will continue our Vertex Master Fund III fundraising efforts and plans to close the fund in coming months,” Vertex Holdings CEO Chua Kee Lock told TechNode Global in an email response. Vertex Master Fund III was set up by Vertex Holdings to provide Japanese investors diversified exposure to key innovation hubs globally by investing into its Vertex family of funds, he said. “The Vertex network of funds invests in early-stage technology opportunities through Vertex Ventures, early-stage healthcare opportunities through Vertex Ventures HC, and growth stage opportunities through Vertex Growth. Each Vertex fund operates independently, with separate local teams that raise and manage their respective funds,” he added. Nikkei Asia first published the story on Tuesday. According to the report, the Vertex Master Fund III, set up in 2021, closed its first round at the end of June, Chua told Nikkei Asia. Its total fundraising target of $1 billion is slated to be reached “in coming months,” he said. The fundraising for the Master Fund III came amid a tougher business environment for regional VC firms due to rising interest rates and a slower economy. Its predecessor fund raised $730 million in 2019, the report noted. Among the latest fundraising, a total of $80 million came from four Japanese investors — Marubeni, the Development Bank of Japan, Risa Partners, an investment firm owned by leasing company NEC Capital Solutions, and an institutional investor, Nikkei Asia reported. Vertex has a portfolio of over 300 companies globally as of the end of March. Other notable portfolio companies include unicorns intellectual property tech PatSnap and cross-border payment firm Nium, according to Nikkei Asia‘s report. Vertex entered Japan in 2020 and its growth capital fund last year invested in Tokyo-based AI startup Alt, its first portfolio company in the country, the report added. Singapore-based Vertex is a venture capital investment holding company that provides anchor funding and operational support to a proprietary global network of venture capital funds. Currently, there are six funds in the network, namely: Vertex Ventures China, Vertex Ventures Israel, Vertex Ventures SEA & India, Vertex Ventures US, Vertex Ventures HC and Vertex Growth. The Vertex network of funds invests in early stage technology opportunities through Vertex Ventures, early stage healthcare opportunities through Vertex Ventures HC, and growth stage opportunities through Vertex Growth. Each Vertex fund operates independently, with separate local teams that raise and manage their respective funds, according to its website.

Vertex Ventures China Investments

151 Investments

Vertex Ventures China has made 151 investments. Their latest investment was in JiuZhiTech as part of their Seed VC on November 11, 2023.

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Vertex Ventures China Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/15/2023

Seed VC

JiuZhiTech

Yes

2

4/18/2023

Series B

Chamlion

$34.2M

Yes

6

4/14/2023

Seed VC - II

Evolution Semiconductor

$14.53M

No

5

4/7/2023

Series A

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10

3/22/2023

Series A

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$99M

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10

Date

11/15/2023

4/18/2023

4/14/2023

4/7/2023

3/22/2023

Round

Seed VC

Series B

Seed VC - II

Series A

Series A

Company

JiuZhiTech

Chamlion

Evolution Semiconductor

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Amount

$34.2M

$14.53M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

6

5

10

10

Vertex Ventures China Portfolio Exits

11 Portfolio Exits

Vertex Ventures China has 11 portfolio exits. Their latest portfolio exit was Recbio on March 31, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/31/2022

IPO

$99M

Public

1

2/4/2022

Reverse Merger

$99M

4

11/2/2021

Merger

$99M

1

12/10/2020

IPO

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$99M

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10

8/12/2019

IPO

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$99M

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10

Date

3/31/2022

2/4/2022

11/2/2021

12/10/2020

8/12/2019

Exit

IPO

Reverse Merger

Merger

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

4

1

10

10

Vertex Ventures China Fund History

3 Fund Histories

Vertex Ventures China has 3 funds, including Vertex Ventures China V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/5/2023

Vertex Ventures China V

$390M

4

10/21/2019

Vertex Ventures China USD Fund

$99M

10

Global Growth Fund

$99M

10

Closing Date

7/5/2023

10/21/2019

Fund

Vertex Ventures China V

Vertex Ventures China USD Fund

Global Growth Fund

Fund Type

Status

Amount

$390M

$99M

$99M

Sources

4

10

10

Vertex Ventures China Partners & Customers

1 Partners and customers

Vertex Ventures China has 1 strategic partners and customers. Vertex Ventures China recently partnered with Binance on July 7, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

7/10/2019

Partner

Lithuania

Binance launches crypto-to-SGD platform, partners 2 Vertex funds in Asia

At the same time , we are enthusiastic about carrying on the current momentum that is a testament to the sophisticated technology of Binance , '' said Chua Kee Lock , managing partner for Vertex Ventures China South-east Asia and India , in the release .

2

Date

7/10/2019

Type

Partner

Business Partner

Country

Lithuania

News Snippet

Binance launches crypto-to-SGD platform, partners 2 Vertex funds in Asia

At the same time , we are enthusiastic about carrying on the current momentum that is a testament to the sophisticated technology of Binance , '' said Chua Kee Lock , managing partner for Vertex Ventures China South-east Asia and India , in the release .

Sources

2

Vertex Ventures China Team

1 Team Member

Vertex Ventures China has 1 team member, including current Founder, Managing Partner, Choon Chong Tay.

Name

Work History

Title

Status

Choon Chong Tay

Founder, Managing Partner

Current

Name

Choon Chong Tay

Work History

Title

Founder, Managing Partner

Status

Current

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