See you in 2024!
Vertex Ventures SE Asia & India
Sector Agnostic VC ? Seed, Series A/B focused ? Investor- Operator model ? Southeast Asia & India based ? Global minded
Dear Reader,
2023 will be remembered as the year when the Venture Capital industry went back to its traditional values. After several years of easy capital, topics like Capital Efficiency, Organization Development, Long-Term Cash Sustainability & Unit Economics - discussions that were considered “old school” a couple of years ago – found their way back into boardroom discussions. Startups that ignored these fundamental tenets of company building ended up flaming out. Many of these received much media coverage, especially those that had raised large amounts of capital. ?
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A few days ago, 17LIVE shares started trading publicly on the Singapore Exchange, SGX. Joseph Phua , Co-Founder & Group CEO of 17LIVE Inc. , recently reflected on his?decade long relationship?with Vertex. Despite numerous ups and downs, it has taken persistence with a strong focus on business fundamentals for the company to hit this milestone.
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At Vertex SEA & India, we celebrated several milestones in this past year. Many of our portfolio companies, including?Ace Turtle,?Manuva?and?KukuFM?went on to raise new rounds led by external investors. We made several new investments this year including those announced by?Pilgrim,?Certa?and?MatchMade. Finally, we announced the closing of our Fund V at US$541 million. Once again, we would like to express our gratitude to all our Limited Partners for their continued confidence in us.
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As we approach the end of the year, we would like to wish you all a restful holiday season. Thank you all for being a part of our journey and we look forward to seeing you in 2024. ?
领英推荐
Managing Partner, VVSEAI
Looking back at 2023
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