ADB Ventures Raises $50 Million, Exceeding Fund Capitalization Target
Year of Publication
2020
The Asian Development Bank's (ADB) impact investment platform, ADB Ventures, will soon launch after raising $50 million from investors, including the Clean Technology Fund and Finland’s Ministry for Foreign Affairs.
Source:
Asian Development Bank
Author(s):
Geography:
Asia
Type:
Strategy
Purpose of Measurement:
Solution Sets and Impact Potential
Impact theme(s):
Capital Flows
The Asian Development Bank's (ADB) impact investment platform, ADB Ventures, will soon launch after raising $50 million from investors, including the Clean Technology Fund and Finland’s Ministry for Foreign Affairs. ADB Ventures aims to support technology-driven businesses that have the potential to scale and deliver impact in ADB’s developing member countries to achieve the Sustainable Development Goals. Its inaugural fund will invest in cleantech, agricultural technology, fintech, and health technology businesses that address climate change and empower women.