InnoVen Capital
InnoVen Capital is Asia's leading venture debt platform, providing medium-term loans and equity-linked warrants to VC-backed technology companies from Series A through pre-IPO stages. Established in 2015 as a JV between Temasek (via Seviora) and UOB, it operates across India, China, and Southeast Asia with $1.9B+ deployed across 770+ transactions.
- Company typePrivate
- Founded2014
- HeadquartersMumbai, India
- Headcount1–10
- GTM typeB2B
- OfferingServices
What InnoVen Capital does
InnoVen Capital is Asia's leading venture lending platform providing debt capital to high-growth, venture-backed technology companies from Series A through pre-IPO stages. Established in 2015 as a Joint Venture between Seviora (a wholly owned subsidiary of Temasek) and United Overseas Bank, the firm operates three regional platforms spanning India (Mumbai and Delhi NCR), China (Beijing and Shanghai), and Southeast Asia (Singapore), with offices also covering broader SEA markets. Its core product is a medium-term venture loan to VC-backed technology companies, structured with fixed interest rates and fees over the loan tenor, typically monthly principal and interest repayments, and an equity 'kicker' (warrants) providing upside at liquidity events such as IPOs or buyouts.
The platform is supported by multiple regulated fund vehicles: InnoVen Capital India Fund I and II (SEBI-registered Category II AIFs), InnoVen SEA Fund, InnoVen China Fund I, and InnoVen China Fund II (a USD-RMB Dual Currency Fund with anchor commitments from local Chinese government entities). The firm also operates an RBI-registered NBFC platform in India. Cross-border lending infrastructure, regional team presence, and the China dual-currency capability are key platform differentiators, alongside deep institutional LP backing from Temasek and UOB and a recurring co-lending network that includes Ares Management, January Capital, BlackSoil, Trifecta Capital, Alteria Capital, and Gobi Partners.
InnoVen's go-to-market is direct, founder-centric, and network-led: Managing Partners and investment teams source and execute venture debt transactions directly with VC-backed founders across sectors spanning consumer brands, SaaS, fintech, edtech, healthtech, mobility, deep tech, ESG, and semiconductors. Brand and deal flow are reinforced through flagship content publications (Startup Outlook Report, ESIIR), the LEVEL UP webinar series, and active participation in regional VC/PE forums. As of the input data, the platform has deployed $1.9B+ in capital across 770+ debt transactions, supported 420+ portfolio companies that collectively raised $58B+ in equity from top-tier VCs, and counts 50+ unicorns among its portfolio, including the recently listed Mininglamp Technology on HKEX.
InnoVen Capital firmographics
Firmographics- Name
- InnoVen Capital
- Website
- http://www.innovencapital.com/
- Company type
- Private
- Founded year
- 2014
- Headcount range
- 1–10 employees
- Short description
- InnoVen Capital is Asia's leading venture debt platform, providing medium-term loans and equity-linked warrants to VC-backed technology companies from Series A through pre-IPO stages. Established in 2015 as a JV between Temasek (via Seviora) and UOB, it operates across India, China, and Southeast Asia with $1.9B+ deployed across 770+ transactions.
- Ownership category
- akta.pro rank
InnoVen Capital industry classification
Industry- Product category
- Venture Debt
- NAICS
- Credit Intermediation and Related Activities (522), Investment Banking and Securities Intermediation (523150)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Independent Venture Debt Funds / Platforms (FSANAIAB)
- akta.pro secondary industries
- Bank-affiliated Venture Debt Lenders (FSANAIAA), IP-Backed Venture Debt Lenders (FSANAIAH), Direct Lending — Venture Debt (FSAHAJAD)
Keywords
Where InnoVen Capital is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
InnoVen Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Venture Debt Interest Income: Core revenue stream generated from medium-term loans to VC-backed technology companies, with fixed interest rates and fees over the loan tenor and typically monthly principal and interest repayments.
- Equity Kicker / Warrant Upside: Additional return component from warrants attached to venture loans that deliver equity upside if the borrower achieves a successful liquidity event such as an IPO or buyout.
- Fund Management & Origination Fees: Fee-based revenue from managing multiple regional venture debt funds (InnoVen Capital India Fund I/II, InnoVen SEA Fund, InnoVen China Fund I/II) raised from institutional LPs including Seviora (Temasek), UOB, and Chinese government entities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom-priced venture debt (medium-term loan) to VC-backed companies |
Go-to-market motion5 records
Distribution channels4 records
Marketing channels9 records
InnoVen Capital product offering
Product offeringCore offering
InnoVen Capital provides venture debt financing (medium-term loans) to high-growth, venture-backed technology companies across Asia. Loans carry fixed interest rates and fees over the loan tenor, typically monthly principal and interest repayments, and include an equity 'kicker' (warrants) providing upside at liquidity events such as IPO or buyout. The firm operates regulated fund vehicles in India (NBFC and SEBI-registered Category II AIFs), Southeast Asia (InnoVen SEA Fund), and China (InnoVen China Fund I and InnoVen China Fund II USD-RMB dual currency fund), originating debt directly with founders alongside their equity rounds.
Differentiator
Problem solved
Functional benefit
Products and services
- Venture Debt Financing Medium-term loan product provided to VC-backed technology companies from Series A through pre-IPO across Asia. Loans carry fixed interest rates and fees over the loan tenor, with monthly principal and interest repayments, and include an equity kicker (warrants) for upside at liquidity events such as IPO or buyout. Used to extend cash runway, finance growth, fund M&A, or bridge to the next equity round.
- InnoVen Capital India Fund (SEBI-registered Category II AIF) SEBI-registered Category II Alternative Investment Fund vehicle for originating venture debt to VC-backed Indian technology startups across consumer, SaaS, e-commerce, logistics, mobility, education, health, agri-tech and D2C sectors. Investment Manager: Innoven Triple Blue Capital Advisors LLP.
- InnoVen Capital India Fund II (SEBI-registered Category II AIF) Second SEBI-registered Category II AIF scheme of Innoven Capital India Trust, used to continue originating venture debt transactions to VC-backed Indian startups across growth stages.
- InnoVen SEA Fund Southeast Asia-focused venture debt fund providing non-dilutive debt capital to high-growth, VC-backed technology companies across Singapore, Indonesia, Vietnam, Philippines, Thailand, and Malaysia. First close US$50M completed October 2021.
- InnoVen China Fund I First China-dedicated venture debt fund, investing in over 20 high-growth and innovative Chinese startups across consumer, enterprise service, fintech, deep tech, and healthcare sectors. Achieved a DPI of 13% and first equity exit in 2023.
- InnoVen China Fund II (USD-RMB Dual Currency Fund) Second China venture debt fund structured as a USD-RMB Dual Currency Fund, enabling cross-border lending in both USD and RMB to Chinese high-growth startups. Anchor commitment from InnoVen Capital and two local Chinese government entities; targets deep tech, enterprise services, consumer, healthcare, and carbon-neutral sectors.
Quantifiable outcome
- $1.9B+ capital invested via venture debt across Asia
- +5 more outcomes
Companies that use InnoVen Capital
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles4 records
InnoVen Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
InnoVen Capital partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Gobi Partners (Meranti ASEAN Growth Fund)coreDeep ecosystem partnership in Southeast Asia; three of Gobi's portfolio companies received venture debt funding from InnoVen in 2017, with stated intent to increase collaboration through Gobi's Meranti ASEAN Growth Fund. Kay-Mok Ku (Managing Partner, Gobi Partners) is a public testimonial partner.
- Tookitaki (co-lending/ecosystem partner)minorSingapore-based regtech company that partnered with InnoVen during its Series A in late 2019; ongoing relationship where InnoVen has supported the company across growth-stage financing rounds (per COO Jeeta Bandopadhyay testimonial).
- LanturnminorFintech/compliance platform that hosted InnoVen Capital SEA Partner Paul Christopher Ong at its Lanturn Forum in July 2022 to discuss venture debt in funding slowdowns (event co-marketed).
- EYE Investment Club (SMU)minorSMU student investment club that hosted its annual Investment Symposium on October 15, 2022 where InnoVen Capital SEA Partner Ben Cheah shared insights on venture debt.
- DealStreetAsiaminorPan-Asia financial media platform whose Indonesia PE-VC Summit on January 9, 2023 featured InnoVen Capital SEA Partner Paul Christopher Ong as a panelist discussing alternative capital amid funding winter.
- Wavemaker PartnersminorSEA VC firm whose partner Bernie Margulies co-presented InnoVen's LEVEL UP webinar on 'AI Investing in Southeast Asia' on March 13, 2024, sharing insights on AI deals and portfolio boards.
- Kaya FoundersminorPhilippines-based founder community that co-hosted a panel and networking evening with InnoVen Capital SEA in Manila on June 14, 2023 on 'Optimizing Growth Through Venture Debt and Equity' at Common Ground Rockwell.
- DSG Consumer Partners and Trihill CapitalminorConsumer-focused VCs that partnered with InnoVen Capital SEA as Community Partner for 'The Consumer VC' founder event in Jakarta on July 24, 2023.
Scale indicators12 records
Recent moves9 records
Expansion highlights5 records
InnoVen Capital competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
InnoVen Capital social profiles
Digital presenceInnoVen Capital compliance and trust
Trust signalCompliance6 records
InnoVen Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
InnoVen Capital leadership team
Management profileNumber of profiles
Profiles16 records
InnoVen Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InnoVen Capital M&A and investment
M&A and investmentM&A
Investments272 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about InnoVen Capital
What does InnoVen Capital do?
InnoVen Capital provides venture debt financing (medium-term loans) to high-growth, venture-backed technology companies across Asia. Loans carry fixed interest rates and fees over the loan tenor, typically monthly principal and interest repayments, and include an equity 'kicker' (warrants) providing upside at liquidity events such as IPO or buyout. The firm operates regulated fund vehicles in India (NBFC and SEBI-registered Category II AIFs), Southeast Asia (InnoVen SEA Fund), and China (InnoVen China Fund I and InnoVen China Fund II USD-RMB dual currency fund), originating debt directly with founders alongside their equity rounds.
When was InnoVen Capital founded?
InnoVen Capital was founded in 2014. It employs 1 to 10 people.
Where is InnoVen Capital based?
InnoVen Capital is headquartered in Mumbai, India, in the Asia region.
How does InnoVen Capital make money?
Three revenue lines are on record. Venture Debt Interest Income is the primary driver. The others are equity Kicker / Warrant Upside and fund Management & Origination Fees.
Does InnoVen Capital have an API?
No public API is recorded for InnoVen Capital.
What industry is InnoVen Capital in?
InnoVen Capital's product category is Venture Debt. Its primary akta.pro industry code is FSANAIAB, Independent Venture Debt Funds / Platforms, with a secondary code of FSANAIAA, Bank-affiliated Venture Debt Lenders. Its NAICS code is 522 and its SIC code is 6153.