Genesis Alternative Ventures raises $163m for SEA venture debt fund
It has already deployed US$20m venture loans to start-ups across the region.
Genesis Alternative Ventures raised a total of $163m (US$125m) for its second Southeast Asia-focused venture debt fund.
According to Genesis, the fund saw 80% of its investors from the first round joining again, including Aozora Bank, Korea Development Bank, Mizuho Leasing, Sassoon Investment Corporation and Silverhorn.
New and notable investors in Fund II include Japanese mega bank, Mizuho Bank, and OurCrowd, the online global investing platform.
“Fund II has already deployed venture loans of more than $26m to a handful of promising start-ups across the region, including in Singapore, Indonesia, Malaysia, and the Philippines,” Jeremy Loh, Genesis’ Co-Founder and Managing Partner, said.
Genesis also announced that Philip Yeo, former Chairman of Singapore’s Economic Development Board, has joined its Advisory Board.
(SGD1=USD0.77)
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