US-based Capria makes first investment in S-E Asia through Genesis Alternative Ventures Fund 1

US-based global impact investment firm Capria Ventures has invested in Genesis Alternative Ventures Fund 1, a Singapore-based private venture debt fund, as a springboard into South-east Asia (SEA).

Full Business Times article (11 June 2020)

Genesis Alternative Ventures, a private lender backed by Singapore-based family office Sassoon Investment Corp, is set to raise $50-$70 million by early 2021 for its first debt fund to finance Southeast Asian start-ups, its top executives said.

Full Reuters article (11 June 2020)

Genesis Alternative Ventures, a private venture debt fund in Singapore, has secured an undisclosed amount of investment from American global investment fund Capria, as it looks to double down on investing in impact-focussed startups.

Full e27 article (11 June 2020)

Loh said that since the coronavirus outbreak, Genesis had seen a big rise in enquiries, both from companies that traditionally raise equity and others seeking venture debt as additional financing.

Full Yahoo Finance article (11 June 2020)

The firm, founded in 2018, has invested in a significant and diverse number of startups to date, including cybersecurity company Horangi, coworking space GoWork, co-living startup Hmlet, cloud-based platform Matterport, and mobile connectivity company Lynk Global. 

Full Singapore Business Review article (11 June 2020)

Genesis was established last year by Jeremy Loh and Martin Tang, both formerly of the venture debt unit at DBS Bank, and Ben Benjamin, an angel investor and non-executive director at OurCrowd Singapore

Full AVCJ article (11 June 2020)

Genesis Alternative Ventures, a private lender backed by Singapore-based family office Sassoon Investment Corp, is set to raise $50-$70 million by early 2021 for its first debt fund to finance Southeast Asian start-ups, its top executives said

Full Alpha Maven – Hedge Maven article (11 June 2020)

Genesis Alternative Ventures, a private lender backed by Singapore-based family office Sassoon Investment Corp, is set to raise $50-$70 million by early 2021 for its first debt fund to finance Southeast Asian start-ups, its top executives said.

Full The Star article (11 June 2020)

Benjamin, who set up Genesis in 2019 along with bankers Jeremy Loh and Martin Tang, said the firm expects to nearly treble its portfolio to about 15 companies in about a year as start-ups see the benefits of lower financing costs and smaller equity dilution.

Full Nasdaq article (11 June 2020)

US-based global impact investment firm Capria Ventures has invested in Genesis Alternative Ventures Fund 1, a Singapore-based private venture debt fund, as a springboard into South-east Asia (SEA). This is Capria’s first investment in the region, where it sees plenty of opportunities to make an impact on societies through its investments. 

Full SGSME.SG article (11 June 2020)

One of the reasons Genesis captured Capria’s attention was the fund’s ability to generate returns in a shorter time frame than venture equity funds, which typically take up to 10 years to reap potential profits. “That is actually quite attractive to a lot of investors who want yield and significant upside,” Mr Richards said.

Full KrAsia article (11 June 2020)

Genesis has now secured Capria Ventures, an IFC and Vulcan Capital-backed US investor, as an LP in its maiden fund. The investment marks Capria’s first investment in Southeast Asia and its first venture-debt fund investment globally.

Full Deal Street Asia article (11 June 2020)

Genesis Alternative Ventures, a private lender backed by Singapore-based family office Sassoon Investment Corp, is set to raise $50-$70 million by early 2021 for its first debt fund to finance Southeast Asian start-ups, its top executives said. 

Full Intellasia East Asia News article (12 June 2020)

Genesis plans to leverage on Capria’s expertise in impact investing to fund companies that have meaningful objectives such as financial inclusion, sustainability, small business digitisation, and gender diversity as it accelerates its growth across Southeast Asia

Full Singapore Business Review article (12 June 2020)

Genesis Alternative Ventures Fund I backs growth-stage companies with impact objectives such as financial inclusion, sustainable food production, small business digitisation and gender diversity, that are looking to scale across Southeast Asia.

Full Citywire article (12 June 2020)

Genesis Alternative Ventures, a private lender backed by Singapore-based family office Sassoon Investment Corp, is set to raise $50-$70 million by early 2021 for its first debt fund to finance Southeast Asian start-ups, its top executives said. — Reuters

Full AEC News Today article (12 June 2020)

Genesis now plans to hold on to Capria’s expertise in impact investing to fund companies that have meaningful goals such as financial inclusion, sustainability, small business digitisation, and gender diversity as it expands itself across Southeast Asia.

Full Investocracy article (13 June 2020)

Genesis Alternative Ventures on debunking venture debt myths and finding winners in SEA. They also share tips on how to identify “impact washers” — companies who claimed to have a sustainable social impact in their operations.

Full e27 article (18 June 2020)

Singapore-based Genesis is targeting $70m for its debut vehicle and already collecting commitments from international foundations and LPs.

Full Venture Capital Journal article (17 June 2020)