VGF Bulletin | Aug 2023 to Nov 2023

Here’s a selection of our portfolio companies’ founders sharing their insights

Here’s a selection of significant portfolio companies’ news

17LIVE

• Posts strong growth in operating profit of USD 13M
• Debuted on the SGX mainboard as Singapore’s first completed De-Spac transaction and first live-streaming company listed on the SGX

Ace Turtle

• Launched Wrangler’s First Flagship Store in Bengaluru, India

Geek+

• Announced the successful deployment of the automated fulfilment centre for Kerry TJ Logistics in Taiwan
• Celebrated third anniversary of strategic partnership with Körber Business Supply Chain
• Partnered with Adidas for the opening of their new automated distribution center in China
• Announced a global strategic partnership with FORTNA to transform the way companies approach order fulfilment

• Recognized for its leading market share ranking for order fulfillment mobile robots worldwide

Horizon Robotics

• Partnered with Stradvision to provide advanced driving assistance solutions (ADAS)
• Showcased latest production-grade driving assistance solutions at IAA Mobility 2023

• Recognized by its contribution to AI Chip Market as a major key player in the Distributed Temperature Sensing (DTS) market

Kissht

• Grew its revenue by 2x and maintained profitability

Licious

• Reduced its losses & increases revenue in FY23

NIUM

• Launched its new European HQ in London’s Square Mile and Global FX enhancement to solve transparency challenges of global money movement and mitigate currency fluctuation risk.
• Expanded B2B travel payments offering in Asia Pacific and relaunched Instarem overseas payments services in India, empowering users with a convenient and affordable solution for international education payments.
• Featured among World’s Top 100 Fintech of 2023.
• Partnered with OZ Câmbio Partners to improve Brazilian SME Market and encourage international expansion
• Collaborated with state-owned Krungthai Bank to enhance global transfer offerings for both corporate and individual customers across Thailand
• Teamed up with Jeonbuk Bank to launch global remittance service

• Joined FAST and PayNow networks in Singapore to accelerate real-time payments.

Patsnap

• Opened 140 data products to meet growing data service demands
• Announced the company's strategic plans in Japan as it makes successful inroads into the Japanese market. Their CEO received the prestigious Young Acheiver Award at the Business China Awards.

Taranis

• Recognized as one of the innovative startups who impact agricultural data space

Validus Capital

• Appointed Vineet Agarwal as CEO for Singapore operations.

Verbit

• Released its new generative AI product suite.

Want to receive a monthly compilation of Vertex's portfolio companies’ news? Join our Vantage mailing list