Temasek Holdings joins $2b investment in Veeam Software

It will raise Veeam’s valuation to $15b.

Temasek Holdings has joined Veeam Software’s latest $2b secondary equity offering.

The investment, alongside TPG and Neuberger Berman, raises Veeam’s valuation to $15b, underscoring its position as a leader in data resilience solutions.

Veeam serves 550,000 customers globally and reported an 18% increase in annualized recurring revenue, reaching $1.7 billion as of September 2024.

The transaction is set to close in early 2025, pending regulatory approvals, with Morgan Stanley advising on the deal.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia