TLDR:
- Vertex Holdings, the venture capital arm of Temasek Holdings, is launching a Japan-focused fund.
- The fund aims to raise $65 million over the next year to invest in Japanese software and ‘deep tech’ startups.
Vertex Holdings, the venture capital arm of Temasek Holdings, is venturing into the Japanese startup ecosystem by launching a new fund dedicated to Japan. The fund, aiming to raise 10 billion yen ($65 million) in the next year, will primarily invest in software and ‘deep tech’ startups in Japan. Vertex CEO Chua Kee Lock sees great potential in Japan’s startup ecosystem and is optimistic about the opportunities for growth and innovation in the country.
The funding will be a collaborative effort, with Temasek Holdings funding about a third of the target as the anchor investor, while the remainder will come from Japanese institutional investors and large corporations. This move signifies Vertex Holdings’ commitment to expanding its reach into new markets and tapping into emerging clusters of innovation.
