vertex-ventures
(5)Threado
A community-management dashboard that turned itself into a support AI - how two ex-Zomato builders taught software to answer the questions people keep asking.
dtcpay
dtcpay is a Singapore-headquartered, regulated payments company that lets merchants, consumers and financial institutions move money in stablecoins as easily as in dollars. Founded in 2019 as Digital Treasures Center by Alice Liu and Band Zhao, it runs a real-time swap engine that converts stablecoins to fiat at the moment of payment, so a shopper can pay in USDC while a merchant is settled in Singapore dollars. The company holds a Major Payment Institution licence from the Monetary Authority of Singapore plus licences and registrations in Hong Kong, Australia, the United States, Canada and a Luxembourg EMI licence covering the European Economic Area. In January 2025 it dropped volatile cryptocurrencies entirely and became stablecoin-only. Its product line spans in-store POS+ terminals, online checkout, payment links, multi-currency wallets, a Visa Infinite "Digital Treasures Card", corporate cards and stablecoin-as-a-service APIs for institutions. dtcpay raised a US$10M Series A led by Vertex Ventures Southeast Asia & India in March 2026, bringing total disclosed funding to roughly US$26.5M.
RateS
RateS was a Singapore-born, Indonesia-focused social commerce platform that let anyone - housewives, students, small shop owners - start an online business with no inventory and no upfront capital. The app sourced products directly from suppliers and handled warehousing, logistics, payments and financing, while its network of micro-entrepreneurs handled sales through their social networks. Spun out of the foreign-exchange startup RateX, RateS grew to more than 500,000 resellers across Indonesia's tier-2 and tier-3 cities before being acquired by e-commerce enabler SIRCLO in 2023.
In Sik Rhee
In Sik Rhee is the Founder and General Partner of Vertex Ventures US, a Palo Alto-based venture firm focused exclusively on early-stage enterprise software. He co-founded two companies that sold for a combined $1.8 billion - Kiva Software (acquired by Netscape in 1997) and Opsware (acquired by HP in 2007 for $1.6 billion) - before transitioning into venture capital. At Vertex Ventures US, he backs pre-revenue founders in enterprise infrastructure, data platforms, and open-source software at the Seed and Series A stages, with notable portfolio wins including LaunchDarkly, Cyberhaven, and Evisort (acquired by Workday).
Sandeep Bhadra
Sandeep Bhadra is a General Partner at Vertex Ventures US, a $150M early-stage fund focused on B2B software, cloud infrastructure, and developer tools. A Ph.D. engineer turned venture capitalist, he joined Vertex in 2017 as a founding team member after stints at Menlo Ventures and Cisco's corporate development. He's known for concentrated, high-conviction bets - typically 1-2 new investments per year - in companies like Hasura, Docker, Tulip Interfaces, and Gitpod. His background spans semiconductor engineering at Texas Instruments, $425M in cloud M&A at Cisco, and founding-team work that contributed to the creation of Barefoot Networks (later acquired by Intel). He grew up in India, where watching mobile telephony disrupt landline bureaucracy first showed him how software could leapfrog legacy systems.