XA Network invests in Vertex Ventures SEA & India's oversubscribed USD 305M fourth fund

XA NETWORK, an angel investment circle made up of executives from global tech firms, has struck up a strategic partnership with Vertex Ventures and invested in Vertex's fourth South-east Asia and India fund, which closed at a record US$305 million.

XA will provide support to Vertex's portfolio companies through its deep-tech expertise and networks. In return, the partnership will allow XA to gain insights from an experienced investor.

The limited partner commitment by XA marks the first time the network is investing in a venture capital (VC) fund, said Marek Dawidowicz, an XA member and head of creator marketing at YouTube Asia-Pacific. More recently, XA has begun to selectively invest in top-tier VC funds.

Click here to read the full article.

Source: Business Times (Garage)
View original content here.