ADB Ventures

ADB Ventures is the venture capital arm of the Asian Development Bank (ADB), established in January 2020 as the ADB Ventures Financing Partnership Facility and headquartered in Metro Manila, Philippines. The firm pairs equity capital with ADB's deep regional insights and institutional networks to support early-stage companies with technology-enabled solutions that contribute to achieving the Sustainable Development Goals across Asia and the Pacific. ADB Ventures operates three principal funds: a Seed Fund of approximately 8 million euros, Investment Fund 1 of approximately $60 million (raised September 2020), and Investment Fund 2 of approximately 40 million euros. The firm invests up to $4 million in equity at pre-Series A to Series A stages, with seed capital also available for early-stage climate-focused companies. Sectors include clean energy and industry, sustainable mobility and supply chains, sustainable agriculture and food, circular economy and green materials, green finance, and inclusive communities. The portfolio spans over 60 companies operating in 18 or more developing markets, with notable investments including Skycatch and Fortuna. Co-investors include British International Investment and Alteria Capital. ADB Ventures' 17-year fund life in its flagship vehicle reflects a patient capital model appropriate for impact investing in markets where technology adoption and regulatory environments evolve on longer timescales than in developed markets. The firm's mission-driven mandate allows it to accept longer holding periods and take first-institutional-check risk in markets where commercial VCs typically will not deploy, making it a structurally important anchor investor in Asia-Pacific's emerging climate and fintech ecosystems.