Temasek’s Debt Vehicle Extends China Fund

InnoVen Capital launches $250 million fund to support China’s technology startups

Singapore-based venture debt vehicle, InnoVen Capital, has announced the launch of its second fund, the InnoVen China Fund II, aimed at providing capital to high-growth technology companies in China. Despite regulatory uncertainty in the country, the fund has already raised $130 million, with a target size of $250 million. InnoVen Capital, supported by Temasek, will act as the anchor investor for the fund, with additional contributions from Chinese local government agencies.