Vertex Ventures raises $151M to invest in enterprise, cloud startups

28 Dec, 2015


California-based Vertex Ventures (not the same as Temasek's VC arm that also operates under a similar name) has raised $151 million in its debut early-stage fund named Vertex Ventures US Fund I, LP, according to a disclosure filed with the US Securities and Exchange Commission.

It raised this amount from a total of 43 investors. This means it added around $10 million from two new investors since August when it had made an interim disclosure of the fundraising. It had made a first close almost a year ago and in January said it had committed capital of $107 million from three investors.

The company had not disclosed names of the limited partners, or LPs, but software services firm Infosys had said  it had backed the VC firm.

Infosys had invested in Vertex Ventures as part of its startup investment programme. It was the fourth known investment by Infosys out of its $500 million corpus created to invest in startups around the world. Half of this corpus is to be used to back Indian startups while the rest is for international ventures.

Meanwhile, DealStreetAsia reported that Singapore state fund Temasek is the anchor investor in the fund.

Separate emailed queries to Temasek and Vertex Ventures seeking further information remained unanswered.

Vertex Ventures was set up by former Facebook executive Jonathan Heiliger and former Accel Partners' executive In Sik Rhee to make early-stage investments in enterprise and cloud infrastructure companies.

The company recently invested in Israeli mobile app testing company Perfecto Mobile, which raised $35 million in funding last month.

Other investments of Vertex Ventures include California-based storage startup Hedvig and PerimeterX, a Silicon Valley-based startup focused on cloud security.