Reported about 1 month ago
Genesis Alternative Ventures, a Singapore-based private lender, has successfully closed its second debt fund at $125 million, aimed at financing emerging startups in Southeast Asia amid challenging economic conditions. The firm attracted new investors, including Mizuho Bank and OurCrowd Ltd, as venture lending gains traction due to a cautious investment climate. This new fund follows their first, which financed 25 startups and highlights the shift towards debt funding as valuations in the region remain low.
Source: YAHOO