- Singapore’s InnoVen Capital launched a $250M China venture debt fund.
- InnoVen has deployed over $400M across 100+ Chinese companies since 2017.
- The new fund sustains InnoVen’s expansion in China amid economic uncertainty.
Fund II to fuel high-growth startups
Singapore-based InnoVen Capital has unveiled its second China investment vehicle, targeting $250 million to provide venture debt financing for high-growth Chinese startups. Dubbed InnoVen China Fund II, InnoVen has already secured half of the targeted capital.
The new fund augments InnoVen’s expansion efforts beyond headquarters in Singapore and India toward serving China’s immense startup ecosystem.
Since debuting locally in 2017, InnoVen has deployed over $400 million in venture debt across more than 100 Chinese companies.
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InnoVen Capital boosts China’s AI
Portfolio recipients include AI solutions developers Mininglamp and NextVPU, alongside biopharma firm CMBG.
This second pool of capital will further support Chinese tech players with flexible, non-dilutive financing to fuel growth.
As a joint venture between Singaporean entities Temasek and UOB, InnoVen is strategically focused on bridging funding gaps for emerging titans across Asia’s key markets. Its latest China fund signals sustained commitment to backing unicorns amidst economic headwinds.
