DBS, Temasek to launch $500 mn debt financing platform

DBS, Temasek to launch $500 mn debt financing platform
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
DBS and Temasek today announced that they have entered into an agreement to jointly launch a $500 million growth stage debt financing platform, called EvolutionX Debt Capital.
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
The growth debt capital space presents a significant opportunity, and EvolutionX will invest in opportunities arising from an increasingly digital economy – across sectors such as financial services, consumer, healthcare, education and industrial development – to accelerate growth and build the next generation of technology leaders.

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