Asean's top venture lender InnoVen increases its tempo

Singapore

SOUTH-EAST Asia's top venture debt firm InnoVen Capital sees room to be more active in deals this year, as startup founders look to reduce equity dilution without losing sight on growth, said a senior executive from InnoVen.

InnoVen closed 17 deals in 2018 with a loan disbursement of US$35 million, exceeding its internal targets. In 2019, it is aiming for 25-30 loans that translate to more than US$50 million in disbursements, Chin Chao, CEO of InnoVen Capital's Singapore and South-east Asia business, told The Business Times.