
InnoVen Capital
Description
InnoVen Capital stands out as a leading venture lending firm in Asia, distinguishing itself from traditional equity venture capital by providing debt capital to high-growth startups. Established as a strategic joint venture between Singapore's sovereign wealth fund Temasek and UOB Group, the firm offers non-dilutive financing solutions that complement equity rounds. This approach allows companies to extend their operational runway, fund specific growth initiatives, or optimize their capital structure without further equity dilution, making it an attractive option for maturing startups.
With its primary headquarters in Mumbai and significant operational hubs in Singapore and Beijing, InnoVen Capital has cultivated a strong presence across the diverse Asian startup ecosystem. The firm has demonstrated substantial commitment to fostering innovation and growth, having disbursed over US$1.2 billion across more than 300 startups throughout the region since its inception. This extensive track record underscores its deep market understanding and its capability to support companies across various stages of their development, from Series A onwards.
InnoVen Capital typically partners with companies that have already secured institutional equity funding, offering flexible debt solutions tailored to specific needs, ranging from working capital to significant growth financing. While the exact cheque sizes can vary considerably based on a company's stage, revenue, and capital requirements, their typical deployments for initial engagements often fall within the range of US$500,000 to US$15 million. This flexible and stage-agnostic approach enables them to cater to a broad spectrum of companies, from early-stage ventures seeking to optimize their capital to more mature, pre-IPO companies requiring substantial capital for expansion.
Investor Profile
InnoVen Capital has backed more than 48 startups, with 6 new investments in the last 12 months alone. The firm has led 6 rounds, about 13% of its total and boasts 44 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series D, Series B rounds (top funding stages).
- Majority of deals are located in India, United States, Singapore.
- Strong thematic focus on E-Commerce, Financial Services, E-Commerce Platforms.
- Led 3 rounds in the past year.
- Typical check size: $500K – $15M.
Stage Focus
- Series A (21%)
- Series D (19%)
- Series B (19%)
- Series C (15%)
- Seed (8%)
- Series Unknown (6%)
- Series E (6%)
- Debt Financing (6%)
Country Focus
- India (65%)
- United States (10%)
- Singapore (10%)
- Indonesia (4%)
- Malaysia (4%)
- Taiwan (2%)
- Vietnam (2%)
- Philippines (2%)
Industry Focus
- E-commerce
- Financial Services
- E-commerce Platforms
- Logistics
- Fintech
- Artificial Intelligence (Ai)
- Health Care
- Food And Beverage
- Software
- Automotive
Frequently Asked Questions
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