Singapore’s Genesis Targets $150 Million for Startup Debt Fund
- Firm has raised almost half of the debt fund at first close
- Singapore firm’s new investors include Israel’s OurCrowd
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Genesis Alternative Ventures, a private lender to ventures and growth-stage companies, is looking to raise $150 million for a second fund to finance startups across Southeast Asia.
The Singapore-based firm has raised almost half of the fund at first close this month, with commitments from existing investors including Sassoon Investment Corp., Aozora Bank, Korea Development Bank, Mizuho Leasing and Silverhorn, Genesis said in a statement Thursday. Israeli investment firm OurCrowd Ltd. has joined as a new backer.