VC firm, Vertex Venture raises $151 Million in its New Fund


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California based Venture Capital firm, Vertex Ventures has raised $151 Million in its debut early stage funding called Vertex Ventures US Fund I, LP, according to the documents filed with the US Securities and Exchange Commission.

Singapore state fund Temasek is the anchor investor, whereas Indian tech giant Infosys has also invested in this round of funding. Total numbers of investors, who have invested in this new fund are 43. The firm had made its first close a year ago. According to the company, it has closed $107 Million from three investors.

This is the fourth investment made by Infosys after the company had created $500 corpus for investing in the startups all around the world. The Indian tech giant will use half of its corpus for Indian startups, whereas rest of the fund will be used for investing in the startup in rest of the world.

The VC firm has already made various early stage investments including Silicon Valley based cloud security startup, along with California based startup, Hedvig, and PerimeterX. The VC firm had also invested in Israel based mobile app testing company Perfecto Mobile that had raised $35 Million in funding last month.

Vertex Ventures was founded by former Facebook executive Jonathan Heliger and former Accel Partner’s executive Sik Rhee. The main goal of the firm is to make several early stage investments in enterprise and infrastructure companies.