EvolutionX Debt Capital

Venture Capital

Singapore-based venture debt platform jointly established by DBS and Temasek, providing non-dilutive growth financing to tech-enabled companies across Asia.

Singapore, Singapore · 4+ investments · 11 portfolio companies

Growth
Late Stage
E-Commerce
Fintech
EdTech
Healthcare
Logistics
Headquarters
Singapore, Singapore
Founded
2021
AUM
$500.0M
Portfolio Companies
11
Total Investments
4
Last Investment
Feb 2026
Geographic Focus
China, India, Southeast Asia, Asia

Investment Thesis

Provides less-dilutive debt financing to growth-stage technology-enabled companies across Asia, bridging the gap between venture debt and late-stage financing. Leverages Temasek's investment expertise and DBS's banking networks.

EvolutionX Debt Capital is a Venture Capital firm based in Singapore, Singapore. It has made 4 investments, including Mensa Brands, Ola Electric and upGrad. Focus areas include E-Commerce and Fintech.

Portfolio11

Co-investors24

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24 co-investors across 37 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×21 · Hedge Fund ×1 · Sovereign Wealth Fund ×1 · 1 shared rounds

Investment History

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