The Innoven SEA Fund I provides venture debt funding to high-growth startups and technology companies across Southeast Asia. The fund is anchored by a US$50 million commitment from Seviora and UOB, and it provides investors a combination of fixed income and equity return, with annual cash distributions.
Private market exchange ADDX has fractionalised a venture debt fund by Innoven Capital, a joint venture between a Temasek Holdings subsidiary and United Overseas Bank (UOB).
ADDX’s move brings the minimum subscription size for individual accredited investors down to US$20,000 from US$5 million previously. Innoven is a joint venture between Temasek’s wholly-owned subsidiary Seviora Holdings and UOB.
