Genesis Alternative Ventures

Genesis Alternative Ventures is Southeast Asia's leading venture debt provider, founded in 2019 by Dr. Jeremy Loh, Ben J Benjamin, and Martin Tang, and based in Singapore. The firm provides debt capital to venture and growth-stage companies backed by tier-one venture capital firms, targeting revenue-generating startups that do not qualify for traditional bank loans due to lack of collateral or profitability. This structure allows portfolio companies to access growth capital while minimizing equity dilution. Fund I closed at $80 million, exceeding its $50 million target. Fund II raised $125 million, closing in September 2024, with over 80% of LPs returning, including Aozora Bank, Korea Development Bank, Mizuho Leasing, Sassoon Investment Corporation, and Silverhorn, alongside new investors Mizuho Bank and OurCrowd. Genesis deploys $1 million to $10 million per investment at Series A and Series B stages, structured as loans with warrants. Fund II has deployed over $20 million to startups across Singapore, Indonesia, Malaysia, and the Philippines, and has achieved its first successful warrant exit. The portfolio of 11-plus investments includes Akulaku (an Indonesian fintech unicorn spanning digital banking, consumer credit, investment, and insurance), Sirclo (Indonesia's leading omnichannel commerce enabler), Transcelestial (last-mile wireless connectivity), Trusting Social (credit scoring), Flow (credit management), and SATURDAYS (an eyewear brand). Genesis Alternative Ventures operates in a distinct niche within the Southeast Asian venture ecosystem, providing an alternative to equity financing that preserves founder ownership while meeting the capital needs of companies between institutional rounds. The firm's model has proven attractive to institutional LPs seeking venture-adjacent returns with debt-structured risk profiles.