- Genesis raises $125M for Southeast Asian startups
- Venture debt gains traction
- Lean, profitable companies attract investors
Venture Debt Gets a Boost
Singapore-based Genesis Alternative Ventures has raised $125 million for its second Southeast Asia-focused venture debt fund.
The fund welcomes back over 80% of investors from Fund I, including notable names like Aozora Bank and Korea Development Bank.
New Players Join the Game
Mizuho Bank and OurCrowd have jumped on board for Fund II. Genesis has also partnered Indonesia’s Superbank to provide up to $40 million in venture debt to Indonesian tech startups. Plus, Philip Yeo, former Chairman of Singapore’s Economic Development Board, has joined Genesis’ Advisory Board.
Leaner, Meaner Startups
Jeremy Loh, Genesis’ Co-Founder, notes a shift towards leaner structures and profitability in startups.
The fund has already deployed over $20 million to promising startups across the region and marked its first successful warrant exit, validating the demand for strategically aligned venture-backed companies.
