Vertex Venture Holdings, also known as Vertex Holdings, is an investment holding company with a group of venture capital funds worldwide.
Vertex Ventures Southeast Asia & India is holding fast to its mandate of investing in Thailand as it feels startups in the country have moderate capital burn and reasonable valuations, a top executive of the Temasek-backed venture capital firm told DealStreetAsia.After their Series A rounds, many Thai startups are able to grow organically and turn profitable even without follow-on investments.
“Thailand’s homegrown startups generally do not take for granted that there will be a next round of financing after Series A, and therefore founders tend to focus more on capital efficiency and growth on a more balanced approach. As a result, they have a relatively lower burn rate and more modest valuation expectations,” said Vitavin Ittipanuvat, executive director for investment at Vertex Ventures Southeast Asia & India.
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