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According to the bank's website, the proposed investment is "an equity investment of up to US$20 million in Vertex Ventures (SG) SEA V LP, (“Vertex” or “the Fund”), a Singapore domiciled fund focused on investing in early-stage technology companies in Southeast Asia and India. The fund is a Singapore Limited Partnership that is managed by Vertex Ventures SEA Management Pte. Ltd., a Singapore-based fund manager. The IFC is also requesting a US$20 million delegated authority co-investment envelope."
Vertex Ventures
Ben Mathias
Managing Partner
bmathias@vertexventures.com
250 North Bridge Rd, #11-01, Singapore 179101
https://www.vertexventures.sg/
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org