USD 60 million
ADB Ventures Investment Fund 1 (VIF1) is a multi-donor trust fund that invests in early-stage companies with technology enabled solutions that contribute to multiple Sustainable Development Goals (SDGs), with a focus on climate and gender impact. The fund has a 17-year fund life for holding periods of up to 10 years to maximize the opportunities for success of an early-stage company requiring more patient capital.
VIF1 will contribute to multiple SDGs by applying climate (80% of investments) and gender (75% of investments) impact investment lens, primarily targeting ADB’s developing member countries (DMCs) in Southeast Asia and South Asia. VIF1 will focus on clean technology, agricultural technology, inclusive financial technology, and health technology. ADB Ventures aims to mobilize at least $360 million private capital for early-stage companies through co-investments.
Ministry of Foreign Affairs Finland, Clean Technology Fund, Nordic Development Fund, and the Ministry of Economy and Finance Republic of Korea. The Department of Foreign Affairs and Trade Australia, Clean Technology Fund and Nordic Development Fund contributed to project preparation.
Funding Type
Monitoring and Reporting Procedures
Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
Eligibility Criteria
VIF1 plans to make at least 15 investments over its life ranging in investment size from $100,000 to $4 million, primarily in the form of equity and quasi-equity. 50% of funding is reserved for follow-on investments.
Eligible Countries
All DMCs are eligible for ADB Ventures support. Since ADB Ventures is a non-sovereign platform managed by ADB’s Private Sector Operations Department, only private sector companies or entities are eligible for assistance. Companies can be domiciled globally; however, the impact focus must be in a DMC.
Contact ADB for more information.