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DBS Bank and Temasek jointly launch US$500 mil growth stage debt financing platform

Felicia Tan
Felicia Tan7/30/2021 12:29 PM GMT+08  • 3 min read
DBS Bank and Temasek jointly launch US$500 mil growth stage debt financing platform
The partnership is a natural extension to both DBS and Temasek’s existing early-stage debt initiatives and investment activities.
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DBS Bank and Temasek Holdings have, on July 30, entered into an agreement to jointly launch a US$500 million ($676.9 million) growth stage debt financing platform.

The partnership is a natural extension and segue to both DBS and Temasek’s existing early-stage debt initiatives and investment activities.

Called EvolutionX Debt Capital, the platform will be headquartered in Singapore and will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India and Southeast Asia.

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