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Mars Growth Capital

Asia, Central Region, Singapore, Singapore

Description

Mars Growth Capital is a prominent provider of non-dilutive growth capital, established as a strategic joint venture between the global financial powerhouse MUFG (Mitsubishi UFJ Financial Group) and Liquidity Group, a leading technology-driven credit platform. Headquartered in Singapore, the firm extends its reach globally with additional offices in key financial hubs like New York, London, Tel Aviv, and Abu Dhabi. This unique partnership leverages MUFG's extensive financial network and Liquidity Group's proprietary AI-powered credit underwriting platform, known as "Raptor," to efficiently assess and fund high-growth companies. Their core mission is to fuel the journey of promising businesses without requiring them to dilute equity, offering an attractive alternative to traditional venture capital.

The firm specializes in providing flexible debt financing solutions to companies across various high-growth sectors. Their investment focus spans innovative industries such as Fintech, Software-as-a-Service (SaaS), E-commerce, Artificial Intelligence (AI), Cybersecurity, Healthtech, and Climate Tech. Mars Growth Capital targets companies primarily in the Asia-Pacific region, but also actively invests across Europe and the Middle East, demonstrating a broad geographic mandate. Their non-dilutive approach is particularly appealing to founders who wish to retain greater ownership and control over their companies while still securing significant capital for expansion, product development, or market penetration.

Since its inception in 2021, Mars Growth Capital has rapidly scaled its operations and impact. The joint venture initially set up a credit fund with an initial target size of $100 million, signaling their intent to become a significant player in the growth capital landscape. Demonstrating substantial deployment capabilities, the firm has already channeled over US$600 million in growth capital to more than 60 companies globally. Typical first cheque sizes from Mars Growth Capital range significantly, from a minimum of $5 million up to $100 million, reflecting their capacity to support a wide spectrum of growth-stage companies, from those seeking moderate capital injections to larger, more established enterprises requiring substantial funding for accelerated growth.

Investor Profile

Mars Growth Capital has backed more than 22 startups, with 6 new investments in the last 12 months alone. The firm has led 16 rounds, about 73% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Series B, Series G rounds (top funding stages).
  • Majority of deals are located in India, United States, United Kingdom.
  • Strong thematic focus on Software, E-Commerce, B2B.
  • Led 4 rounds in the past year.
  • Typical check size: $5M – $100M.

Stage Focus

  • Debt Financing (55%)
  • Series B (14%)
  • Series G (9%)
  • Grant (5%)
  • Series C (5%)
  • Series D (5%)
  • Series Unknown (5%)
  • Secondary Market (5%)

Country Focus

  • India (36%)
  • United States (14%)
  • United Kingdom (9%)
  • Germany (9%)
  • The Netherlands (9%)
  • Singapore (9%)
  • Australia (5%)
  • Spain (5%)
  • Saudi Arabia (5%)

Industry Focus

  • Software
  • E-commerce
  • B2b
  • Education
  • Artificial Intelligence (Ai)
  • Enterprise Software
  • Logistics
  • Supply Chain Management
  • Fashion
  • Marketplace
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Mars Growth Capital frequently co-invest with?

Target Global
Europe, Berlin, Germany, Berlin
Co-Investments: 2
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Avenir
North America, New York, United States, New York
Co-Investments: 2
Educapital
Europe, Ile-de-France, France, Paris
Co-Investments: 2
MUFG Bank
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
avra
North America, California, United States, San Francisco
Co-Investments: 2
Regal Funds Management
Oceania, New South Wales, Australia, Sydney
Co-Investments: 1
LG
North America, New York, United States, New York
Co-Investments: 13
Endeit Capital
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 2
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 2

What are some of recent deals done by Mars Growth Capital?

SleekFlow

Singapore, Central Region, Singapore

AI that converts, where it matters.

Artificial Intelligence (AI)Customer ServiceE-CommerceMarketing AutomationSaaSSales AutomationSocial Media ManagementSoftware
Debt FinancingJun 10, 2025
Amount Raised: $5,000,000
Meesho

Bangalore, Karnataka, India

Meesho is a social commerce platform that enables individuals and small businesses to start their online stores without any investment.

E-CommerceE-Commerce PlatformsFashion
Secondary MarketJan 27, 2025
Amount Raised: $260,000,000
HungryPanda

London, England, United Kingdom

HungryPanda is a food delivery platform that offers authentic Asian cuisine, catering primarily to Chinese communities living abroad.

Series DSep 30, 2024
Amount Raised: $55,000,000
InMobi

Bangalore, Karnataka, India

InMobi is an advertising platform for advertisers and publishers to reach their customers on mobile devices.

AdvertisingAdvertising PlatformsArtificial Intelligence (AI)Digital MediaMarketing
Debt FinancingSep 11, 2024
Amount Raised: $99,948,574
Habyt

Berlin, Berlin, Germany

Habyt is a housing company that simplifies housing access with digital-first solutions for tenants and landlords.

Property ManagementReal EstateRentalRental Property
Series UnknownSep 9, 2024
Amount Raised: $44,142,802
Zepto

Parel, Maharashtra, India

Zepto is an e-grocery company that delivers daily essentials and grocery items to consumers.

AppsDeliveryDelivery ServiceE-CommerceGrocery
Series GAug 14, 2024
Amount Raised: $340,000,000
Zepto

Parel, Maharashtra, India

Zepto is an e-grocery company that delivers daily essentials and grocery items within 10 minutes.

AppsDeliveryDelivery ServiceE-CommerceGrocery
Series GJul 2, 2024
Amount Raised: $340,000,000
Lepaya

Amsterdam, Noord-Holland, The Netherlands

Lepaya upskills the workforces of the world's leading organizations

Education
Series CSep 21, 2023
Amount Raised: $38,000,000
Top Doctors

Barcelona, Catalonia, Spain

Top Doctors is an online platform for identifying, interacting and booking e-consultations with medical specialists in private healthcare.

Health CareInternetmHealth
GrantApr 26, 2023
Amount Raised: $8,836,401
Fashinza

New York, New York, United States

Fashinza is a B2B marketplace that solves trend forecasting and sourcing for fashion brands and retailers.

B2BFashionMarketplace
Debt FinancingMar 28, 2023
Amount Raised: $30,000,000