Temasek’s Vertex raises US$230m for fourth South-east Asia fund

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The Singapore-based venture capital arm of Temasek Holdings plans to finalise the funding in the next few months, which could take it above the first close, said Chua Kee Lock, managing partner of Vertex Ventures Southeast Asia and India. After the success of its bet on ride-hailing app Grab, now Southeast Asia's most valuable startup, Vertex plans to continue backing early-stage technology for financial services, enterprise and consumers in the region.

"The reality is that there are some concerns about the trade war and valuations and the fundraising environment is getting harder."

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