Genesis Alternative Ventures has launched a venture debt business targeting Southeast Asia startups.
It is an untapped market that has the potential to run into billions of dollars, one of its founders told FinanceAsia last Friday.
Last year, there was a record $11 billion invested in the equity of technology companies in Southeast Asia, according to research firm KrAsia. This is almost double the $5.8 billion invested in 2017.
“I hope venture debt can take about 2% of such venture equity investment,” Jeremy Loh, co-founder of Genesis, told FinanceAsia by phone. “And...