Vertex Growth

03/07/2024

Ever wondered why Bucketplace (Ohouse), our first investment in South Korea 🇰🇷, caught our eye? Our Investment Director, Yongmin Jung, chimes in on BucketPlace’s uniqueness:

1️⃣ 𝐒𝐭𝐫𝐨𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧: BucketPlace has shown a phenomenal user pe*******on rate – with more than 10M unique visitors out of South Korea’s total population of ~50M. Only a handful of players globally have reached this success in the home/living category.

2️⃣ 𝐔𝐧𝐢𝐪𝐮𝐞 𝐞-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐦𝐨𝐝𝐞𝐥: Driven by user-generated content and high engagement, the company’s quarterly transaction value has grown by more than 50x over the past four years – now Bucketplace is the undisputed market leader in South Korea home furnishing space.

3️⃣ 𝐁𝐨𝐨𝐦𝐢𝐧𝐠 𝐠𝐫𝐨𝐰𝐭𝐡 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥: Beyond offering furniture products, BucketPlace is venturing into the hashtag and remodelling space, addressing a bigger potential market while pushing on new initiatives with immediate impact such as hashtag advertising. Besides category expansion, the company is adding new geographies, such as Japan and Southeast Asia, and exhibits a scalable business model across various markets.

BucketPlace's strong market position, unique e-commerce model, and robust growth prospects are impressive - but we do not rest on our laurels.

➡️ Stay tuned to see how this innovative company continues to transform the home furnishing industry!

Read more: https://n.news.naver.com/mnews/article/024/0000089665?sid=101

오늘의집(버킷플레이스) 국내 이커머스 환경은 나날이 악화 중이다. 내부에서는 커머스 사업자 모두가 배송 속도를 강조하며 ‘출혈 경쟁’을 펼치고, 외부에서는 알리익스프레스와 테무 등 중국 커머스 업체들이 ‘최저가 경....

27/06/2024

Allay Therapeutics is making waves with its latest milestone achievement! 🌟

Their recent announcement to move forward with a Phase 2B registration trial in the United States for ATX101 is a major leap in transforming post-surgical pain management.

👏 Kudos to the team for their dedication and progress in advancing this innovative therapeutic approach.

Read more on their significant milestone here: https://www.biospace.com/article/releases/allay-therapeutics-announces-fda-acceptance-of-investigational-new-drug-ind-application-to-initiate-pivotal-phase-2b-trial-of-atx101-for-the-treatment-of-post-surgical-pain-following-total-knee-replacement-surgery/

13/06/2024

Kudos to PatSnap for achieving their significant financial milestone: Hitting USD 100M in Annual Recurring Revenue ( ) in Q2 2024! 🚀 👏

This Singapore-based & R&D intelligence leader continues to impress with 20% year-over-year revenue growth from 2022 to 2023. Their -powered platform empowers over 12,000 teams across 50 countries to streamline processes and drive innovation.

Patsnap's commitment to expand its suite of services, including tools for patent drafting and life sciences solutions, positions them for continued success.

We're excited to see Patsnap continue its growth trajectory and drive in the R&D landscape. 🌟

Read more on their announcement here: https://www.prnewswire.com/news-releases/patsnap-surpasses-us100-million-in-annual-recurring-revenue-reinforces-position-as-a-global-leader-in-ip-and-rd-intelligence-302168777.html

22/04/2024

Thrilled to be part of K Startup Center Singapore KSC Day – a private showcase session where Korean pitch to a .

Our team had the opportunity to witness the innovative spirit and drive of the startups (DRIMAES, VINSSEN, OPENPLAN) as they pitched their visionary ideas. Engaging in dynamic discussions, we explored strategies to enhance their competitive edge and navigate the path to success.

We're excited to continue supporting the growth of the startup ecosystem and look forward to seeing these ventures flourish! 🚀💼

02/04/2024

👉🏻 Meet Xiaolu Liu, the visionary founder behind NEIWAI - a pioneering brand championing body positivity by crafting lingerie, loungewear, and activewear tailored for the modern woman. 💖✨

As a trailblazing female founder, Xiaolu extends her vision beyond just clothing. It's a mission rooted in and . NEIWAI stands for the beauty of everyday comfort, crafting pieces that aim to instil confidence and freedom in women everywhere.

NEIWAI’s journey began with a simple goal: to create lingerie that celebrates the of women's bodies, with inclusivity of shape and size as a cornerstone of their design philosophy. Inspired by the practicality and elegance of everyday women, NEIWAI’s designs prioritize comfort and a sense of ease.

Read more on how NEIWAI plans to redefine the concept of sexy, breaking away from homogeneous standards and embracing true body positivity.

The founder of Neiwai tells us how the brand brings an Asian perspective to the saturated lingerie, loungewear and activewear markets.

26/03/2024

Some in Southeast Asia are struggling to navigate a post-pandemic lull, but many regional investors and analysts believe Southeast Asia's ecosystem will recover.

Chua Kee Lock shares his thoughts: https://asia.nikkei.com/Spotlight/The-Big-Story/From-Grab-to-GoTo-Southeast-Asia-s-startups-weather-funding-winter

Tied to the fortunes of SoftBank's Vision Fund, tech sector must now sink or swim

11/03/2024

Staying ahead of the curve is more crucial than ever in the ever-evolving world of . As industries globally embrace rapid technological advancements, the need for continuous upskilling and reskilling has never been more critical. But with the pace of evolution outstripping traditional methods, the global skills gap is widening exponentially. 🌐

💡 Here’s where Elice, an end-to-end full-stack learning solution, comes in!

Designed to meet enterprises’ needs to upskill and reskill talent, Elice’s learning platform bridges the widening skills gap and empowers organizations to keep pace with their digital transformation journey.

Hock Chuan Tam, General Partner at Vertex Growth, believes Elice is well-positioned to emerge as a leader in Asia Pacific’s B2B education sector. With the region at an inflection point in its digital transformation journey and a dynamic workforce driving technological advancements, the future is bright for Elice. ✨ 🎓

➡️ Here’s how Elice is empowering the workforce of tomorrow:
https://www.vertexgrowth.com/perspectives/the-education-revolution-how-elice-is-paving-the-way-for-technological-upskilling-with-ai/

28/02/2024

Breaking barriers and unlocking opportunities! 🌍💼

, the leader in real-time global payments, teamed up with Ebury, one of the world’s largest companies specializing in transactions for , to launch an innovative remittance service in Brazil. 🇧🇷💸

Get ready for seamless, lightning-fast that redefine the future of global ! 🚀

London and São Paulo, February 22, 2024 – Ebury, one of the world’s largest fintech companies specializing in transactions for SMEs, today an

09/02/2024

🐉 As we welcome the Year of the Dragon, let us embrace the spirit of prosperity, growth, and innovation.

Happy Lunar New Year! 🍊🍊

09/02/2024

📣 Nium has recently received in-principle approval from the Reserve Bank of India (RBI) for two prestigious licenses – the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA) Licence.

With these two licenses, the global payments company can offer and enhance a variety of financial products in the country, ranging from prepaid cards to merchant payment acquiring.

As Nium expands its presence in , the company aims to utilize these licenses to provide a wide range of services, promoting inclusion and empowering businesses with advanced payment solutions. 🇮🇳

/PRNewswire/ -- Nium, the leader in real-time global payments, proudly announces it has received in principle approval from the Reserve Bank of India for two...

29/01/2024

📢 Excited to welcome Elice to our Vertex Growth family!

Elice is South Korea’s upcoming AI-powered educational platform that focuses on delivering integrated and educational content for institutional clients. Their platform specializes in technical skills courses for talent reskilling to enhance digital transformation within an organization. Some of their key existing clients include , , SK Group, LG Electronics and Seoul National University.

The new will strengthen their organizational capabilities and fuel expansion into the region, following their recently launched operations in last year.

Thrilled to be partnering with them on their APAC growth journey and drive innovation in the market.

Read more: https://www.vertexgrowth.com/news/elice-inc-raises-krw-20b-series-c-round-from-global-investors-to-accelerate-apac-expansion/

03/01/2024

📣 Thrilled to welcome Micoworks株式会社 to our Vertex Growth family!

Micoworks Inc. develops and provides the MicoCloud and Micomii marketing platforms, which are designed to optimize communication between companies and their customers. By facilitating optimal communication, these platforms maximize brand value and expand business possibilities.

💬 Our General Partner Hock Chuan Tam shared his optimism remarking: "We are delighted to lead Micoworks' Series B funding round, alongside other leading investors in Japan. The highly scalable platform of Micoworks, which leveraged on the popular and widely used LINE messaging platform, facilitates personalized customer communications from acquisition to engagement. The exceptional leadership of founder and CEO Yamada, along with his top-tier management team, is the other key reason that attracted us to this investment. We are keen to help support Micoworks' continued global growth."

The company is currently setting up development teams in the Philippines and Taiwan, and aims to broaden its reach to Taiwan, Thailand, and other Asian countries where the LINE business platform has a significant presence.

Thrilled to join them on their Asian expansion plan.

➡️ Read more: https://www.vertexgrowth.com/news/micoworks-inc-raised-jpy-3-5-billion-in-series-b-round-to-accelerate-global-business-expansion

Micoworks Inc. a developer and provider of the MicoCloud and Micomii marketing platforms, which optimize communication between companies and their customers, has successfully raised JPY 3.5 billion (approximately USD 24.5 million) Series B round. The latest funding round was led by Vertex Growth, a....