Vantage | January 2023

News & Announcements

Vertex Portfolio News

Here are the latest updates on our portfolio companies across the Vertex network. Stay connected by signing up for our monthly newsletter here.

Allay Therapeutics (HC & Growth) received investment from Evonik for the development of Pain Therapy Implants
Fairatmos (SEAI) raised a USD4.5M seed round
LeLecha (CN) raised USD75M from Naixue Tea
Pace (SEAI) raised an additional USD6M in its expanded Series A funding round
Validus Capital (SEAI & Growth) raised its first trache of Series C round

Licious (SEAI) partnered with Indian reality game show “Bigg Boss” to create the “Licious Greed Zone”
Nium (SEAI & Growth) partnered with Paycell for International Money Transfers
Patsnap (SEAI & Growth) partnered with Anaqua to deliver an end-to-end IP management solution

Adaptive Shield (IL) released SaaS-to-SaaS Capabilities to Minimize Supply Chain Risks
Desktop Metal (US) installed more than 1100 units of its additive manufacturing systems for metal parts worldwide
Evisort (US) launched the industry’s first generative artificial intelligence for contract intelligence
Guesty (IL) opened its first Philippines office in Cebu
Harbour BioMed (CN) established a wholly-owned subsidiary, Nona Biosciences, to provide next-generation antibody and biotherapeutic solutions
Horizon Robotics (CN & Growth) announced Geely’s new Boyue L will be equipped with its Journey 3 chip (Article in CN)
Licious (SEAI & Growth) forayed into the specialty spice mix market and will launch in the top 8 cities in India
Recbio (CN) obtained clinical trial approval for its new adjuvanted recombinant vaccine in Philippines

Base (IL), Datarails (IL) and Easysend (IL) listed in IVC Data and Insight's 21 most promising startups in Israel (Article in IL)
Geek+ (CN & Growth), Ambi Robotics (US) and Trigo (IL) listed in Tracxn’s top professional service robots startups for 2022
Navina (IL) selected as one of Globes 10 Most Promising Startups 2022

Vertex in the News

Here’s a recap of the notable media mentions and thought leadership articles from the Partners across our Vertex network.

VANTAGE - Jan'23 | Partners’ Notable Mentions

Read the full articles below:

Carmen Yuen on the cautious optimism of VC firms despite economic uncertainties
Choon Chong Tay on venture capital activity in China
Chua Kee Lock on challenges ahead for Singapore’s IPO market
Pui Yan Leung on how the startup ecosystem can take the lead in decarbonisation and how investment into climate technologies boosting the deep tech ecosystems in South-east Asia
Hock Chuan Tam on Singapore’s advanced manufacturing industry (Article in CN)
Xia Zhijin on China’s scientific and technological innovation competitive prospects and on new changes in investment in the era of "hard core” science and technology innovation (Articles in CN)

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Vertex Ventures US | Invests in CloseFactor to put account research on autopilot for go-to-market teams

Today, we’re excited to announce Vertex Ventures US is leading a $15M Series A investment in CloseFactor alongside Sequoia Capital with participation from GTMFund and Neythri Futures Fund. CloseFactor was founded by technology veteran Leena Joshi and repeat founders Ben Cheung and Erik Buchanan.

05 Jan 2023

News & Announcements

Vertex Ventures HC | Palleon Co-Founder Dr. Carolyn Bertozzi wins a Nobel Prize in Chemistry for Pioneering Methods of Studying Glycobiology

We're excited to share Palleon Pharmaceuticals scientific co-founder Carolyn Bertozzi, Ph.D., has been awarded the 2022 Nobel Prize in Chemistry.

05 Jan 2023

Innovation Ecosystem

How will AI impact the insurance industry? Video interview with Dror Katzav, CEO Atidot

Insurance companies amass lots of data, but how can they best make sense of it? Will an AI-driven insurance industry pose ethical issues such as discrimination? Dror Katzav, CEO of Atidot, a leading AI company for the life insurance industry, shares his thoughts on the topic.