Vertex Growth, a Singapore-based venture capital fund focused on growth-stage companies, has committed €10 million to Dolphin Semiconductor. The investment is set to accelerate Dolphin’s global expansion strategy and strengthen its position as a key player in the semiconductor IP space, particularly in mixed-signal design solutions.
Headquartered in Singapore, Vertex Growth is anchored by Vertex Holdings, a subsidiary of Temasek. Known for backing high-potential, tech-driven companies, the fund’s latest move underlines its confidence in Dolphin Semiconductor’s capabilities and long-term growth plans.
Supporting scale-up across high-demand sectors
Dolphin Semiconductor specialises in semiconductor intellectual property (IP), with a strong focus on mixed-signal design. The company provides essential IP for sectors such as industrial systems, high-performance computing, consumer electronics, IoT, and automotive applications. The new funding from Vertex Growth will support Dolphin’s expansion efforts in these areas, with particular emphasis on research and development, enhanced commercial operations, and potential consolidation opportunities.
This investment follows a prior commitment of €26 million by Jolt Capital, announced in November 2024. Jolt Capital, a private equity firm that focuses on deep tech growth, is providing the funds in tranches to support Dolphin’s scale-up phase. The addition of Vertex Growth as an investor complements this strategy, offering not just financial resources but access to an expansive network in Asia.
Strategic value beyond capital
Commenting on the investment, Hock Chuan Tam, General Partner at Vertex Growth, stated, “We are excited to be part of Dolphin Semiconductor together with our long-time collaborator Jolt Capital. Dolphin has assembled an incredible team of business leaders and talented analogue/mixed-signal IP designers for integrated circuits. This company has a long history of developing industry-leading IPs, especially in power management and data conversion which are essential components in almost every modern semiconductor.”
He also highlighted Dolphin’s ongoing innovation in key areas, adding, “Dolphin has a rich pipeline of new IPs, developing self-adaptive and battery-less power management technologies such as the SIMO, on-chip monitoring as well as advanced audio solutions, including Class-D amplifiers, ultra-low power codecs to cater to ultra-low power and high-performance SoCs. We look forward to supporting Dolphin’s growth especially in Asia and contributing to the ongoing evolution of the global semiconductor industry.”
Dolphin Semiconductor’s CEO, Laurent Monge, welcomed the investment as a significant step for the company. “This investment from Vertex Growth is a major milestone for Dolphin Semiconductor. Beyond financial support, Vertex brings strategic value through its extensive network in Asia, which will be instrumental in accelerating our global growth and market penetration,” he said.
Strengthening global presence
Jolt Capital also expressed its optimism about the expanded partnership. Pierre Garnier, Managing Partner at Jolt Capital, commented, “Seeing that Jolt Capital’s long time Singaporean partner Vertex Growth is now joining the Dolphin Semiconductor’s journey is wonderful news indeed. As we are solidifying the company’s presence in North America and Europe, we also see a great opportunity in expanding further throughout Asia, and what better platform than Vertex Growth to get this ball rolling: they don’t just bring capital to the table, but also an amazing ability to open new doors and vibrant markets.”
With strong backing from both Jolt Capital and Vertex Growth, Dolphin Semiconductor is well-positioned to boost its global presence, increase market share, and push the boundaries of innovation in semiconductor IP technologies.
