Vertex Ventures
Vertex Ventures last closed a fund in December 2021 — 59 months ago.
Vertex Ventures has raised 3 times about every 40 months. The last was Vertex Ventures US Fund III, L.P. That pointed to Nov 2024. It is 24 months past its own gap and has not filed a new fund.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
Still filing with the SEC: January 2023. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 7
- Capital raised
- $1.03B
- Latest close
- December 2021
- Based in
- CA, non-US
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Vertex Ventures China V, L.P. | December 2021 | $375M | 0001895203 ↗ |
| Vertex Ventures Collaborators Fund III, L.P. | September 2021 | $23M | 0001870782 ↗ |
| Vertex Ventures US Fund III, L.P. | July 2021 | $170M | 0001870781 ↗ |
| Vertex Ventures Collaborators Fund II, L.P. | January 2019 | $7M | 0001746286 ↗ |
| Vertex Ventures US Fund II, L.P. | May 2018 | $150M | 0001736514 ↗ |
| Vertex Ventures US Fund I, L.P. | December 2014 | $108M | 0001628364 ↗ |
| Vertex Ventures China III, L.P. | — | $200M | 0001633040 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
In Sik Rhee, Jonathan Heiliger, Choon Chong Tay, Sandeep Bhadra, Zhi Jin Xia, Kee Lock Chua
What Vertex Ventures invests in
- Typical fund
- $150M median, early stage, Series A-B scale
- Says it invests in
- enterprise/SaaS
- Says it invests at
- early-stage · seed · Series A
- Cheque size, in its words
- $
- Website
- vvus.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Aduro (6 funds)
- Auditor
- Frank Rimerman (6 funds)
From Form ADV filed by HC CAPITAL MANAGEMENT, LLC CRD 174737 ↗, latest filing March 2026, covering 6 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.