LIVE
///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
Return to DirectoryVertex Ventures SEA & India
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Vertex Ventures SEA & IndiaVC
Singapore| Est. N/D
VC
Temasek-backed VC, part of Vertex Holdings ($5.1B global). Fund V $541M (Sept 2023), 80+ investments. LPs: JICA, IFC, DEG. 3-4 IPO-ready companies. Joshua Agusta leads Indonesia.
StageSeed
Ticket$2M - $30M
StatusActive
Investment Thesis
Vertex Ventures SEA & India is part of Vertex Holdings (Temasek subsidiary) global network with $5.1B across 6 funds. Fund V closed Sept 2023 at $541M (80% larger than Fund IV). LPs include Japan Investment Corporation (JIC), IFC, and DEG. Managing Partner Ben Mathias. Joshua Agusta (Executive Director) leads SEA/India fund and Indonesia investments.
Operating Model
- 01Temasek backed
- 02Full lifecycle (seed to IPO)
- 03DEI commitment (women founders)
- 04Global Vertex network (China, Israel, US, Japan)
Notable Investments
GrabNiumTipTipLiciousKukuFM
Verified Deal Flow (2019-2025)
| Startup | Date | Stage | Amount | Sector |
|---|---|---|---|---|
| Pintarnya | Aug 2025 | Series A | US$ 16.7M | HR Tech |
| ReturnKey | May 2024 | Series A | US$ 3.7M | Logistics |
| Pintarnya | Jul 2022 | Seed | Undisclosed | HR Tech |
| Aruna | Jan 2022 | Series A | US$ 30M | Agritech |
| WarungPintar | Jul 2021 | Series B Ext | US$ 6M | Commerce |
| Gredu | Jul 2021 | Series A | US$ 4M | Edtech |
| HappyFresh | Apr 2019 | Series C | US$ 20M | Commerce |
| Warung Pintar | Jan 2019 | Series B | US$ 27.5M | Commerce |
Data Integrity Check
We maintain this database with quarterly audits. If you spot incorrect information regarding this fund, please submit a correction to keep the map accurate.