SINGAPORE (July 17): When start-ups accept money from venture capitalists, the founders are often asked to give up a significant portion of their ownership in return for additional equity financing. Venture debt funds are an alternative way for start-ups to raise funds, minus the equity dilution.

“When you have to sell equity in your company to raise money to buy, for example, depreciating assets, it is an expensive exercise,” Ben Benjamin, co-founder and partner of Genesis Alternative Ventures, tells The Edge Singapore in an interview. Genesis is Southeast Asia’s first private venture debt firm.

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