/PRNewswire/ Minister for Trade and Industry Gan Kim Yong will deliver the Singapore Energy Lecture at the 14th Singapore International Energy Week (SIEW)..
SINGAPORE, Oct. 18, 2021 /PRNewswire/ Minister for Trade and Industry Gan Kim Yong will deliver the Singapore Energy Lecture at the 14th Singapore International Energy Week (SIEW). This year's
$500M Growth Fund for Early-Stage Startups Launched by DBS and Temasek for China, India, SE Asia
Singapore-based
DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and
Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as
EvolutionX Debt Capital.
Based in Singapore, EvolutionX will be offering non-dilutive financing to early or growth-stage tech-focused firms based in Asia, with a key focus on China, India, as well as the fast-evolving Southeast Asia region.
EvolutionX will bring together Temasek’s investment expertise and experience along with DBS’ international banking networks in order to support the fast-growing Asian tech ecosystem.
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DBS, Temasek to launch $500 mn debt financing platform
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
DBS and Temasek today announced that they have entered into an agreement to jointly launch a $500 million growth stage debt financing platform, called EvolutionX Debt Capital.
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
The growth debt capital space presents a significant opportunity, and EvolutionX will invest in opportunities arising from an increasingly digital economy â across sectors such as financial services, consumer, healthcare, education and industrial development â to accelerate growth and build the next generation of technology leaders.