Vertex Ventures

Vertex Ventures is a venture capital firm that specializes in early-stage investments, particularly in startups at the Seed and Series A levels. Based in Palo Alto, California, with an additional office in San Francisco, the firm focuses on enterprise and infrastructure sectors, particularly software infrastructure, developer tools, data security, and vertical SaaS. Vertex Ventures operates as a global network of operator-investors, managing portfolios across the U.S., China, Israel, India, and Southeast Asia. The firm positions itself as a trusted partner to innovative entrepreneurs, leveraging its extensive operating experience and access to essential resources such as capital, talent, and strategic partnerships to help build globally competitive businesses.

Sandeep Bhadra

Partner

Jeff Chang

Managing Director

Piyush Kharbanda

General Partner

James Lee

Managing Director

Genping Liu

Partner

Kanika Mayar

Partner, Investment

Yanai Oron

General Partner

Domenic Perri

Partner

Insik Rhee

General Partner

Chase Roberts

Principal

Emanuel Timor

General Partner

Hanming Wang

Senior Associate

Zhijin Xia

Partner

Ying XU

General Partner

David Heller

Managing Partner

Past deals in ASEAN

Turnkey Lender

Venture Round in 2022
Turnkey Lender Inc. develops cloud-based loan management solutions tailored for online lending, focusing on risk management and financial decision automation for non-bank lenders and microfinance institutions. Headquartered in Campbell, California, the company provides AI-powered end-to-end lending automation that covers the entire lending process, from origination and underwriting to loan servicing, debt collection, and reporting. Turnkey Lender's software supports a diverse range of loan products, including consumer loans, microfinance, payday loans, auto loans, mortgages, and more. Its flexible no-code SaaS platform allows clients to easily adapt the system to various lending categories, serving innovative lenders in over 50 countries through offices in the United States, Singapore, Malaysia, Ukraine, and Poland.

Warung Pintar

Series B in 2021
Warung Pintar is a micro retail technology company with a mission to enable digitalization for the grassroots population to improve the community around them. With data processing and analysis, Warung Pintar enables data point for the underserved bottom of the pyramid which forms the bulk of the population in Indonesia, opening new windows of opportunity for financial inclusion, social security, behavior analysis, community engagement and impact monitoring.

TaniHub

Series B in 2021
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.

Turnkey Lender

Venture Round in 2021
Turnkey Lender Inc. develops cloud-based loan management solutions tailored for online lending, focusing on risk management and financial decision automation for non-bank lenders and microfinance institutions. Headquartered in Campbell, California, the company provides AI-powered end-to-end lending automation that covers the entire lending process, from origination and underwriting to loan servicing, debt collection, and reporting. Turnkey Lender's software supports a diverse range of loan products, including consumer loans, microfinance, payday loans, auto loans, mortgages, and more. Its flexible no-code SaaS platform allows clients to easily adapt the system to various lending categories, serving innovative lenders in over 50 countries through offices in the United States, Singapore, Malaysia, Ukraine, and Poland.

PatSnap

Series E in 2021
PatSnap is an innovation intelligence platform that specializes in providing insights related to intellectual property (IP) and research and development (R&D). Founded in 2007 and headquartered in Singapore, the company serves over 10,000 customers across more than 50 countries. Its platform utilizes artificial intelligence to deliver comprehensive market, technology, and competitive intelligence, along with detailed patent insights. This allows innovators to identify new opportunities, assess risks, track competitors, and make informed decisions throughout the product development process, from ideation to commercialization.

TaniHub

Series A in 2020
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.

Sunday

Series A in 2019
Founded in Thailand in 2017, Sunday is the first full-stack InsurTech group adopting data models and technology to offer multiple insurance products and services across the entire customer journey. The company provides auto insurance, health insurance, and travel insurance. Sunday reinvents the entire insurance offering and experience to ensure that customers' needs are met anytime, anywhere.

RoomMe

Series A in 2019
RoomMe is the largest virtual kost operator that has undergone 2000+ rooms in 100+ buildings throughout Greater Jakarta. RoomMe has been running for more than 2 years. What RoomMe runs is unit / boarding, operational and sales acquisition. RoomMe is the first operator that runs new Living ecosystem where user can call our unit as their home. 55% millenials prefer to live at kost and we embraces the market changes in Indonesia.

HappyFresh

Series C in 2019
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its founding in 2015. The company aims to simplify the grocery shopping experience by offering a convenient platform where customers can order fresh products from local grocery stores and have them delivered directly to their homes. HappyFresh employs trained personal shoppers to ensure the quality and freshness of the groceries, alleviating common challenges associated with traditional shopping, such as parking, navigating store aisles, and carrying heavy bags. By focusing on customer convenience and high-quality service, HappyFresh has established itself as a prominent player in the Southeast Asian online grocery market.

Turnkey Lender

Series A in 2019
Turnkey Lender Inc. develops cloud-based loan management solutions tailored for online lending, focusing on risk management and financial decision automation for non-bank lenders and microfinance institutions. Headquartered in Campbell, California, the company provides AI-powered end-to-end lending automation that covers the entire lending process, from origination and underwriting to loan servicing, debt collection, and reporting. Turnkey Lender's software supports a diverse range of loan products, including consumer loans, microfinance, payday loans, auto loans, mortgages, and more. Its flexible no-code SaaS platform allows clients to easily adapt the system to various lending categories, serving innovative lenders in over 50 countries through offices in the United States, Singapore, Malaysia, Ukraine, and Poland.

Validus Capital

Series B in 2019
Validus is a fintech company focused on providing growth financing solutions to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company employs data and artificial intelligence to facilitate access to short- and medium-term credit financing through its online marketplace, which operates on a peer-to-peer lending model. This platform connects SMEs with accredited investors, streamlining the financing process while minimizing costs associated with financial intermediation. Validus aims to foster inclusive growth for SMEs and the broader economy by partnering with corporations to enhance supply chain financing within SME ecosystems. The company is regulated by the Monetary Authority of Singapore and has also secured registration from Indonesia's OJK for its local operations.

Warung Pintar

Series A in 2019
Warung Pintar is a micro retail technology company with a mission to enable digitalization for the grassroots population to improve the community around them. With data processing and analysis, Warung Pintar enables data point for the underserved bottom of the pyramid which forms the bulk of the population in Indonesia, opening new windows of opportunity for financial inclusion, social security, behavior analysis, community engagement and impact monitoring.

PAYFAZZ

Venture Round in 2018
PT Payfazz Teknologi Nusantara is a financial technology company focused on creating an agency-based financial platform that serves as a payment solution for Indonesians, particularly those who are unbanked. The platform enhances financial accessibility by facilitating bill payments, loans, money transfers, savings accounts, and investment services through smartphones. PAYFAZZ partners with various leading Indonesian banks, financial institutions, and service providers to build a secure, distributed network of bank agents, ensuring that transactions are safe and efficient. With robust security measures in place, including GeoTrust SSL and user authentication protocols, PAYFAZZ aims to improve the financial landscape in Indonesia and contribute to the country's digital transformation within Southeast Asia.

Fazz

Series A in 2018
Fazz is a fintech company that provides digital financial services aimed at promoting financial inclusion across Southeast Asia. Founded in 2016 and based in Singapore and Indonesia, Fazz enables merchants, ranging from small and medium enterprises to large corporations, to accept payments, transfer funds, and access banking and investment services. The company offers specialized solutions such as Fazz Agen, which serves micro and small businesses in Indonesia, and Fazz Business, a comprehensive account designed to support startups and larger organizations in managing their financial needs. By merging PayFazz and Xfers, Fazz has strengthened its position in the market, focusing on delivering diverse financial services to underserved segments, including the unbanked.

CloudCherry

Series A in 2018
CloudCherry is the next generation Experience Management platform that is disrupting the way organizations listen to the Voice of Customer. Through CloudCherry’s flexible, customizable, self-serve solution, businesses today can be present at every step of today’s complex customer journeys, and listen to customers through a variety of ways. Today, leading global organizations deploy and scale their experience management program with CloudCherry quicker than any other solution. The product offers out-of-the-box integrations with existing business applications, delivers predictive, prescriptive insights that enable business leaders to better understand customer needs, and derive tangible business outcomes that can help drive true ROI. CloudCherry is based out of Salt Lake City, with offices in Singapore, India & Dubai. The company is backed by Vertex Ventures, CISCO Investments & IDG Ventures India, The Chennai Angels & Capillary Technologies.

Warung Pintar

Seed Round in 2018
Warung Pintar is a micro retail technology company with a mission to enable digitalization for the grassroots population to improve the community around them. With data processing and analysis, Warung Pintar enables data point for the underserved bottom of the pyramid which forms the bulk of the population in Indonesia, opening new windows of opportunity for financial inclusion, social security, behavior analysis, community engagement and impact monitoring.

PAYFAZZ

Convertible Note in 2017
PT Payfazz Teknologi Nusantara is a financial technology company focused on creating an agency-based financial platform that serves as a payment solution for Indonesians, particularly those who are unbanked. The platform enhances financial accessibility by facilitating bill payments, loans, money transfers, savings accounts, and investment services through smartphones. PAYFAZZ partners with various leading Indonesian banks, financial institutions, and service providers to build a secure, distributed network of bank agents, ensuring that transactions are safe and efficient. With robust security measures in place, including GeoTrust SSL and user authentication protocols, PAYFAZZ aims to improve the financial landscape in Indonesia and contribute to the country's digital transformation within Southeast Asia.

Turnkey Lender

Series A in 2017
Turnkey Lender Inc. develops cloud-based loan management solutions tailored for online lending, focusing on risk management and financial decision automation for non-bank lenders and microfinance institutions. Headquartered in Campbell, California, the company provides AI-powered end-to-end lending automation that covers the entire lending process, from origination and underwriting to loan servicing, debt collection, and reporting. Turnkey Lender's software supports a diverse range of loan products, including consumer loans, microfinance, payday loans, auto loans, mortgages, and more. Its flexible no-code SaaS platform allows clients to easily adapt the system to various lending categories, serving innovative lenders in over 50 countries through offices in the United States, Singapore, Malaysia, Ukraine, and Poland.

Validus Capital

Venture Round in 2017
Validus is a fintech company focused on providing growth financing solutions to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company employs data and artificial intelligence to facilitate access to short- and medium-term credit financing through its online marketplace, which operates on a peer-to-peer lending model. This platform connects SMEs with accredited investors, streamlining the financing process while minimizing costs associated with financial intermediation. Validus aims to foster inclusive growth for SMEs and the broader economy by partnering with corporations to enhance supply chain financing within SME ecosystems. The company is regulated by the Monetary Authority of Singapore and has also secured registration from Indonesia's OJK for its local operations.

Singapore Diamond Investment Exchange

Series B in 2017
Singapore Diamond Investment Exchange (SDiX) is the world's first commodity exchange dedicated to physically settled diamonds, located in Singapore. The exchange operates an innovative online platform that facilitates the electronic trading of diamonds, allowing transactions based on price or time priority in a continuous market. This platform enables buyers to place indicative price bids according to specific diamond categories, ensuring transparency and accessibility. By integrating proven exchange technology into the diamond market, SDiX enhances liquidity and establishes a true price discovery mechanism, positioning diamonds as a tradable commodity on a global scale. The exchange aims to transform how diamonds are traded, offering a comprehensive marketplace for the global diamond trade.

CloudCherry

Series A in 2016
CloudCherry is the next generation Experience Management platform that is disrupting the way organizations listen to the Voice of Customer. Through CloudCherry’s flexible, customizable, self-serve solution, businesses today can be present at every step of today’s complex customer journeys, and listen to customers through a variety of ways. Today, leading global organizations deploy and scale their experience management program with CloudCherry quicker than any other solution. The product offers out-of-the-box integrations with existing business applications, delivers predictive, prescriptive insights that enable business leaders to better understand customer needs, and derive tangible business outcomes that can help drive true ROI. CloudCherry is based out of Salt Lake City, with offices in Singapore, India & Dubai. The company is backed by Vertex Ventures, CISCO Investments & IDG Ventures India, The Chennai Angels & Capillary Technologies.

HappyFresh

Series A in 2015
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its founding in 2015. The company aims to simplify the grocery shopping experience by offering a convenient platform where customers can order fresh products from local grocery stores and have them delivered directly to their homes. HappyFresh employs trained personal shoppers to ensure the quality and freshness of the groceries, alleviating common challenges associated with traditional shopping, such as parking, navigating store aisles, and carrying heavy bags. By focusing on customer convenience and high-quality service, HappyFresh has established itself as a prominent player in the Southeast Asian online grocery market.

Singapore Diamond Investment Exchange

Series A in 2015
Singapore Diamond Investment Exchange (SDiX) is the world's first commodity exchange dedicated to physically settled diamonds, located in Singapore. The exchange operates an innovative online platform that facilitates the electronic trading of diamonds, allowing transactions based on price or time priority in a continuous market. This platform enables buyers to place indicative price bids according to specific diamond categories, ensuring transparency and accessibility. By integrating proven exchange technology into the diamond market, SDiX enhances liquidity and establishes a true price discovery mechanism, positioning diamonds as a tradable commodity on a global scale. The exchange aims to transform how diamonds are traded, offering a comprehensive marketplace for the global diamond trade.

The Parentinc

Series A in 2015
The Parentinc is one of Asia’s fastest-growing tech companies headquartered in Singapore. Its flagship brand, theAsianparent, is Southeast Asia’s largest content and community platform for parents, with a reach of over 35 million users monthly and an app store rating of 4.9 stars. The Parentinc also owns and operates direct to consumer brand Mama’s Choice, which manufactures and retails safe, natural, and Halal pregnancy, nursing, baby care, and household products that are designed and tested in Singapore for families in Asia. Also under The Parentinc banner are Webtretho, Vietnam's largest online content and community platform for women, and Bé Yêu, Vietnam's highest downloaded pregnancy and parenting app. The Parentinc investors include: Central Retail Corporation, Fosun International, Global Grand Leisure, JD.com, LINE SEA Corp., Mirae Asset-Naver New Growth Fund, Redbadge Pacific, SCB 10X, Tigris Capital, Vertex Ventures, and WHG Holdings.

Grab

Series C in 2014
Grab Holdings Inc. is a prominent online-to-offline service provider based in Singapore, focusing on mobile technology solutions for transportation across Southeast Asia. Founded in 2012 by Anthony Tan and Tan Hooi Lng, Grab integrates various transportation services through its platform, which includes offerings such as GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental. The company operates in multiple countries, including Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar. In addition to its headquarters in Singapore, Grab has offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam, further extending its reach and capabilities within the region.

PatSnap

Series A in 2014
PatSnap is an innovation intelligence platform that specializes in providing insights related to intellectual property (IP) and research and development (R&D). Founded in 2007 and headquartered in Singapore, the company serves over 10,000 customers across more than 50 countries. Its platform utilizes artificial intelligence to deliver comprehensive market, technology, and competitive intelligence, along with detailed patent insights. This allows innovators to identify new opportunities, assess risks, track competitors, and make informed decisions throughout the product development process, from ideation to commercialization.

Grab

Series B in 2014
Grab Holdings Inc. is a prominent online-to-offline service provider based in Singapore, focusing on mobile technology solutions for transportation across Southeast Asia. Founded in 2012 by Anthony Tan and Tan Hooi Lng, Grab integrates various transportation services through its platform, which includes offerings such as GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental. The company operates in multiple countries, including Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar. In addition to its headquarters in Singapore, Grab has offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam, further extending its reach and capabilities within the region.

Grab

Series A in 2013
Grab Holdings Inc. is a prominent online-to-offline service provider based in Singapore, focusing on mobile technology solutions for transportation across Southeast Asia. Founded in 2012 by Anthony Tan and Tan Hooi Lng, Grab integrates various transportation services through its platform, which includes offerings such as GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental. The company operates in multiple countries, including Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar. In addition to its headquarters in Singapore, Grab has offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam, further extending its reach and capabilities within the region.

Reebonz Holding

Series C in 2013
Reebonz Holding Limited is an online marketplace specializing in the buying and selling of new and pre-owned luxury products across Southeast Asia and the Asia Pacific. Founded in 2009 and headquartered in Singapore, Reebonz offers a diverse range of luxury goods, including handbags, small leather goods, shoes, watches, and jewelry from over 100 high-end brands. The platform operates on a membership basis, providing time-limited special sales and nearly 220 new activities each month. Reebonz ensures the authenticity of all its products and offers interest-free installment payment options through selected bank credit cards. The company has expanded its reach to multiple countries in the region, including Malaysia, Thailand, Indonesia, and Australia.

Biolidics

Series B in 2013
Biolidics Limited is a medical technology company that specializes in developing cell enrichment systems for various applications in cancer diagnosis, prognosis, treatment selection, and monitoring. The company's flagship product, the ClearCell FX1 System, is an automated in vitro diagnostic device designed to separate and enrich cancer cells from blood samples. Founded in 2009 and based in Singapore, Biolidics engages in research and development, as well as the marketing of biotechnology and medical science-related products and services. The company collaborates with Sysmex Corporation and serves a diverse clientele, including academic and research institutions, hospitals, and laboratories across Singapore, China, Hong Kong, Japan, the United States, and other European Union countries. Biolidics generates the majority of its revenue from its laboratory services segment, which encompasses the provision of laboratory services to customers in multiple regions, including Southeast Asia and Europe.

Inside Secure

Series D in 2010
Inside Secure, formerly known as INSIDE Contactless S.A., is a French company specializing in open-standard contactless payment and near field communication (NFC) technologies. Founded in 1995 and headquartered in Aix en Provence, it develops a range of semiconductors and software solutions tailored for applications in payment, transit, identity, and access control. Its product offerings include contactless reader interface chips, NFC interface circuits, contactless payment platforms, and memory chips, as well as USB desktop readers and couplers. The company also provides professional services such as application development, pre-personalization, and system integration. Inside Secure serves a diverse clientele, including payment card and mobile phone manufacturers, systems integrators, and financial institutions, and has established a global presence with offices in various countries, including China, Singapore, Poland, South Korea, and the United States.

Inside Secure

Series C in 2008
Inside Secure, formerly known as INSIDE Contactless S.A., is a French company specializing in open-standard contactless payment and near field communication (NFC) technologies. Founded in 1995 and headquartered in Aix en Provence, it develops a range of semiconductors and software solutions tailored for applications in payment, transit, identity, and access control. Its product offerings include contactless reader interface chips, NFC interface circuits, contactless payment platforms, and memory chips, as well as USB desktop readers and couplers. The company also provides professional services such as application development, pre-personalization, and system integration. Inside Secure serves a diverse clientele, including payment card and mobile phone manufacturers, systems integrators, and financial institutions, and has established a global presence with offices in various countries, including China, Singapore, Poland, South Korea, and the United States.

Inside Secure

Series B in 2007
Inside Secure, formerly known as INSIDE Contactless S.A., is a French company specializing in open-standard contactless payment and near field communication (NFC) technologies. Founded in 1995 and headquartered in Aix en Provence, it develops a range of semiconductors and software solutions tailored for applications in payment, transit, identity, and access control. Its product offerings include contactless reader interface chips, NFC interface circuits, contactless payment platforms, and memory chips, as well as USB desktop readers and couplers. The company also provides professional services such as application development, pre-personalization, and system integration. Inside Secure serves a diverse clientele, including payment card and mobile phone manufacturers, systems integrators, and financial institutions, and has established a global presence with offices in various countries, including China, Singapore, Poland, South Korea, and the United States.

CyberArk

Venture Round in 2007
CyberArk is a cybersecurity company established in 1999 and headquartered in Newton, Massachusetts, with additional offices in Israel, the U.K., France, Germany, the Netherlands, and Singapore. The company specializes in protecting organizations against targeted cyber threats by safeguarding their most valuable information assets, infrastructure, and applications. CyberArk offers innovative security solutions designed to proactively address cyber threats, enabling clients to prevent attack escalation and mitigate potential business harm. The company serves a diverse clientele across more than 65 countries. Additionally, CyberArk manages a venture capital fund, CyberArk Ventures, which focuses on early-stage investments in cybersecurity technology and software firms globally.

Inside Secure

Series A in 2005
Inside Secure, formerly known as INSIDE Contactless S.A., is a French company specializing in open-standard contactless payment and near field communication (NFC) technologies. Founded in 1995 and headquartered in Aix en Provence, it develops a range of semiconductors and software solutions tailored for applications in payment, transit, identity, and access control. Its product offerings include contactless reader interface chips, NFC interface circuits, contactless payment platforms, and memory chips, as well as USB desktop readers and couplers. The company also provides professional services such as application development, pre-personalization, and system integration. Inside Secure serves a diverse clientele, including payment card and mobile phone manufacturers, systems integrators, and financial institutions, and has established a global presence with offices in various countries, including China, Singapore, Poland, South Korea, and the United States.

CyberArk

Series B in 2005
CyberArk is a cybersecurity company established in 1999 and headquartered in Newton, Massachusetts, with additional offices in Israel, the U.K., France, Germany, the Netherlands, and Singapore. The company specializes in protecting organizations against targeted cyber threats by safeguarding their most valuable information assets, infrastructure, and applications. CyberArk offers innovative security solutions designed to proactively address cyber threats, enabling clients to prevent attack escalation and mitigate potential business harm. The company serves a diverse clientele across more than 65 countries. Additionally, CyberArk manages a venture capital fund, CyberArk Ventures, which focuses on early-stage investments in cybersecurity technology and software firms globally.

CyberArk

Series B in 2002
CyberArk is a cybersecurity company established in 1999 and headquartered in Newton, Massachusetts, with additional offices in Israel, the U.K., France, Germany, the Netherlands, and Singapore. The company specializes in protecting organizations against targeted cyber threats by safeguarding their most valuable information assets, infrastructure, and applications. CyberArk offers innovative security solutions designed to proactively address cyber threats, enabling clients to prevent attack escalation and mitigate potential business harm. The company serves a diverse clientele across more than 65 countries. Additionally, CyberArk manages a venture capital fund, CyberArk Ventures, which focuses on early-stage investments in cybersecurity technology and software firms globally.
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