Aozora Bank Invests in InnoVen Capital Southeast Asian Venture Debt Fund
21st June 2022, Singapore: InnoVen Capital, Asia’s largest debt provider to high growth, venture-backed technology companies, announced that it has closed an investment from Japan’s Aozora Bank into its South East Asian Venture Debt fund.
Aozora Bank is a full-service bank listed on the Tokyo Stock Exchange Prime Market with assets of more than JPY 5 trillion. Aozora Bank will be looking to use this investment to increase its exposure to the Southeast Asian venture ecosystem by leveraging on InnoVen Capital’s strong market position in the region.
Venture debt is a growing asset class in Southeast Asia that provides investors with a regular set of cashflows while at the same time delivers equity upside from warrants of the underlying portfolio companies. Helmed by an experienced team with deep relationships with the leading early and growth stage ventures across Southeast Asia, InnoVen Capital aims to offer investors attractive risk-adjusted returns, leveraging on the growth of the digital economy in the region.
Ben Cheah, Partner of Innoven Capital Southeast Asia said “Despite current macro-economic conditions, we see no slowdown in our pipeline and deal flow continues to be healthy. We are pleased to partner with Aozora to provide debt capital to the high growth companies in the region”
About InnoVen Capital
Established in 2015, InnoVen Capital is Asia’s leading venture lending platform providing debt capital to high growth, venture-backed technology companies. In South-East Asia, Innoven Capital has helped to pioneer the concept of Venture Debt and has to-date, invested nearly US$210Mil over 100+ debt transactions. InnoVen Capital is a joint venture between Seviora (wholly owned subsidiary of Temasek) and United Overseas Bank. With offices in India, China and Singapore, InnoVen Capital actively supports talented founders in Asia in growing their businesses