Vantage | January 2024 | Vertex Holdings

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.

Carv (CN) completed a new round of strategic financing with HashKey-Led to catalyze Data-to-Earn revolution, empowering 1.2 million users with data self-sovereignty
Validus (SEAI & Growth) received USD 20 M in funding from 01Fintech, a Hong Kong-based growth-stage private equity (PE) firm 
Nuvaira (HC & Growth) raised USD 15 M

Certa (SEAI) partnered with Castellum.AI to provide compliance and procurement professionals with enhanced financial crime risk data for improved third-party risk management
Harbour Biomed (CN) subsidiary Nona Med entered into excluive license agreement with Pfizer for global development and commercialisation of HBM903, an antibody-coupled drug
HiMAXX (CN) partnered LF, subsidiary of South Korea’s LG Group and established a design centre in Seoul (Article in CN)
Horizon Robotics (CN & Growth) and HKTSP signed a Memorandum of Understanding (MoU) to establish a ‘Technology Innovation R&D Center’ at the Hong Kong Science Park
Horizon Robotics (CN & Growth) announced the establishment of their joint venture (JV) project Carizon, dedicated to developing autonomous driving and ADAS
Horizon Robotics (CN & Growth) collaborated wtih DiDi-backed KargoBot to propel technological and commercial advancement in high-performance autonomous driving domain controllers

Allay Therapeutics (HC & Growth) announced development and commercialization agreement with Maruishi Pharmaceutical for ultra-sustained pain therapeutics in Japan
Neumora Therapeutics (HC) appointed Jason Duncan as Chief Legal Officer
Neuspera (HC) completed patient enrollment and implants for the SANS-UUI pivotal clinical trial
Obsidian Therapeutics (HC) announced positive interim top-line clinical data for OBX-115 engineered TIL cell therapy in advanced or metastatic melanoma post anti-PD1 therapy
Orkes (US) assumed ownership of Conductor open source project
Pilgrim (SEAI) saw revenue jump in FY23
Recbio (CN) achieved positive results in the interim analysis of first-in-human clinical trial in the Philippines for the development of shingles vaccine REC610
Vectara (US) launched Boomerang: The Next-Gen Large Language Model Redefining GenAI Accuracy

Cymulate (IL & Growth), Datarails (IL), Aporia (IL) & Growthspace (IL) were named in Duns 100 top startups to work for
Firefly (IL) selected by Mako as one of top 10 Most Desirable New Startups to Work for in 2023 (Article in Hebrew)
Nagish (IL) awarded Zero Project’s 2024 Award Winner for innovation in the area of disability inclusion and made its app available for the deaf and hard of hearing community without limitations and for free
Navina (IL) named in CB Insights’ “The Digital Health 50: The most promising digital health companies of 2023”

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

Read the full articles below:

Chua Kee Lock on Singapore’s first listing on SGX via SPAC merger
In Sik Rhee on the looming threat of cybersecurity
Emanuel Timor on sentiment in the Israeli Startup ecosystem (Article in Hebrew)

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