Thanks for a fantastic 2022 - Nov and Dec 2022
Vertex Ventures SE Asia & India
Sector Agnostic VC • Seed, Series A/B focused • Investor- Operator model • Southeast Asia & India based • Global minded
November and December 2022, Edition (#18)
Dear reader,
Cheers to the end of 2022! It’s been a year of growth and firsts at Vertex Ventures Southeast Asia and India – so much to be thankful for! Within Vertex, November and December were also about strengthening connections and communities. The global Vertex family met for the first time in almost 3 years. Our Israel colleagues hosted the Vertex Global Summit in their beautiful country, where we exchanged ideas, shared updates and put our heads together to think what’s next. We are also proud to host our annual Founders Day in Singapore. Last but not least, Vertex Ventures Southeast Asia and India received two awards last month, Asiastar 10x10 investor award and Origin Active Community Builder award.
We are excited to announce our first ClimateTech investment into Fairatmos , a supply-side focused carbon credits market platform that aims to democratise access to the carbon markets. Besides climate, diversity, inclusivity and particularly female leadership are also topics close to our hearts at VVSEAI. We have invested in many female founders across our four funds. In a recent interview with Her World, I explored why female-led businesses tend to receive less funding, and gave my views on what we can possibly do about it.
2023 heralds myriad opportunities for us and our portfolio companies as we build upon the strong foundations we have built over the decades. We have many exciting plans in store and can’t wait to share them with you. For now, we wish you a restful year break and best wishes for the new year.
PORTFOLIO SPOTLIGHT
Carbon technology platform, Fairatmos, raises US$4.5 million in seed round
Fairatmos , an Indonesia-based carbon technology platform, has raised US$4.5 million in its seed round with participation from Vertex Ventures SE Asia & India. Read more about why we invested, and our take on the carbon market industry here.
HealthTech Platform Speedoc Closes US$28 Million Pre-Series B Round to Scale Up Virtual Hospital model
Speedoc , a HealthTech platform that brings advanced medical care to homes, announced today it has closed its pre-series B funding round. The US$28 million investment round includes new investors including Bertelsmann Investments, Shinhan Venture investment and Mars Growth. Vertex Ventures Southeast Asia & India, which led Speedoc’s US$5million Series A funding round in 2020, also participated in the funding round.
TipTip raised $13 M in Series A Funding
TipTip , a monetization platform for content creators in Southeast Asia, secured its US$ 13 million Series A funding round, following the startup’s US $10 million seed round funding earlier this year. The round saw participation from Vertex Ventures SE Asia & India
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VERTEX PERSPECTIVES
Lessons Learnt as an Early Stage Investor
During our sharing with potential investors, we were often asked what key lessons we have learnt given Vertex Ventures has been in the venture capital business for more than 30 years. There are indeed many. Read more in this retrospective on some of our most notable investments, and learning points from Founders.
Carbon Markets - Nascent and Faced with Growing Pains, Why Should VCs Care? Part 1
Co-authored by Puiyan LEUNG , Partner and Khush Topandasani, Senior Investment Associate at Vertex Ventures SE Asia & India.
As investors based in Southeast Asia, we see immense potential in the region’s currently nascent carbon market industry - especially in Indonesia, which is a hotbed for natural climate solutions to spur the production of carbon credit supply. Read our deep-dive into this industry, and why we decided to invest in Carbon markets.
Carbon Markets - Nascent and Faced with Growing Pains, Why Should VCs Care? Part 2
Co-authored by Puiyan Leungv, Partner and Khushbu Topandasani , Senior Investment Associate at Vertex Ventures SE Asia & India.
In this article, Part 2, we discuss specifics of where investment opportunities lie within the carbon markets tech stack, and why we decided to invest in Indonesia-based carbon technology platform Fairatmos.
Board Fundamentals for Startups - XA Podcast
One of the best things you can do for your startup is to assemble a strong and active board. But what should you expect from them?
Tune into this insightful discussion on Board Fundamentals between our General Partner Carmen Yuen , Reza Behnam, and Ferish Patel on the topic of Governance and Board Fundamentals.
Merry Holidays and Happy New year!
ABOUT US
Vertex Ventures Southeast Asia and India (VVSEAI) invests in high-growth start-ups seeking their first round of institutional venture capital funding in Southeast Asia and India.
VVSEAI has a long and strong track record of investing in early-stage startups and building champions like Grab, Patsnap, 17Live, Nium, FirstCry, Licious, AsianParent, Validus, Warung Pintar, and others. Visit www.vertexventures.sg for more.
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