ADB Ventures

ADB Ventures is the official venture capital arm of the Asian Development Bank. It was created to deploy the Bank's risk capital into early and growth-stage technology companies operating in developing Asian member countries. The fund benefits from the ADB's AAA credit rating, sovereign relationships, and in-country policy teams, though it maintains an independent investment committee for its venture decisions.

Unlike a conventional venture fund that operates on a 10-year lifecycle with defined fundraising periods, ADB Ventures draws its capital from the Asian Development Bank's balance sheet and donor-backed trust funds. This permanent capital structure allows it to hold positions through longer commercialization cycles and to follow on across multiple funding rounds without facing forced exit timelines.

The fund focuses on developing member countries of the Asian Development Bank, with active deal flow in South and Southeast Asia. Core markets include India, Indonesia, Vietnam, and the Philippines. The mandate explicitly targets regions where private venture capital remains comparatively scarce or where policy and infrastructure gaps create barriers to commercial scale.

Yes. A distinguishing feature is the blending of equity investment with technical assistance grants. Portfolio companies can access ADB-funded technical assistance for regulatory advisory, market infrastructure development, and project preparation. This hybrid capital model aims to derisk the operating environment as much as the company itself.

Climate technology is a cornerstone sector. The fund seeks to back ventures that serve both mitigation and adaptation needs in emerging Asia. This includes energy transition technologies, climate resilience infrastructure, and nature-based solutions. The climate mandate aligns with the ADB's broader institutional goal of becoming the region's climate bank.