ADB Ventures

ADB Ventures is a venture capital arm of the Asian Development Bank, established in January 2020 and headquartered in Manila, Philippines. The firm specializes in seed and early-stage investments, targeting innovative technology startups that focus on clean energy, agriculture, fintech, and health industries. ADB Ventures is dedicated to supporting impact technology solutions that align with the Sustainable Development Goals (SDGs) in the Asia and Pacific regions. Through its investments, the firm aims to foster technological advancements that address pressing challenges in these sectors.

Daniel Hersson

Senior Fund Manager Co-Founder

Mellor, Dominic

Principal Investment Specialist

31 past transactions

Caidio

Seed Round in 2022
Caidio, a prominent Finnish company in the construction technology sector, is revolutionizing concrete production worldwide through the integration of artificial intelligence and digital solutions. Its innovative products focus on enhancing quality, minimizing waste, and lowering CO2 emissions, addressing the critical demand for sustainability in the construction industry. Caidio collaborates with major concrete producers across various continents, aiming to lead the way in sustainable infrastructure development. The company's commitment to improving the efficiency and environmental impact of concrete construction has garnered significant attention and investment, positioning Caidio at the forefront of the ongoing digital transformation within the construction landscape.

Everimpact

Seed Round in 2022
Everimpact is a carbon tracking system for cities, ships, ports, and industrial sites. Trusted by Dijon, Birmingham, EDF, BT, Shell, Wilhelmsen, Mitsubishi etc.

Nuventura

Seed Round in 2022
Nuventura developed GIS switchgear that replaces SF6 with air, while at the same time, building on all the advantages of SF6 switchgear.

Pinbox Solutions

Seed Round in 2022
pinBox Solutions is a global social enterprise committed to digital micropension inclusion in developing countries.

SatSure

Seed Round in 2022
SatSure is an innovative decision analytics company that leverages advances in satellites, machine learning, and big data analytics to help solve problems at the nexus of sustainability of food, water, and energy security.

Selex Motors

Seed Round in 2022
Selex Motors, a startup in electric vehicles, is making urban transportation in busy cities of Southeast Asia green and empowering by offering the next generation of personal mobility.

Vitraya

Seed Round in 2021
Vitraya is an insuretech startup based in India, founded in 2019, that specializes in developing a healthcare claims settlement platform for hospitals, healthcare providers, and insurers. The platform employs smart contracts and blockchain technology to enhance data security and streamline the claims process. By detecting document and identity forgery and automating the screening of documents against policy codes, Vitraya enables real-time payouts and instant approvals, thereby improving the efficiency of claims settlements. The company's mission focuses on enhancing the patient experience through more effective settlement systems, allowing clients to safely manage and finalize settlement contracts.

Loop Freight

Seed Round in 2021
Loop is a technology-enabled logistics company specializing in truckload freight. With Loop, shippers are able to book, track, and pay for shipments while carriers are able to reduce deadhead costs by choosing loads closest to them and get paid faster. The ultimate goal is to reduce the cost of moving freight and provide a better user experience.

Dashlabs.ai

Seed Round in 2021
Dashlabs.ai accelerates access to healthcare by providing DIY lab software that automates tests and simplifies lab management processes.

SatSure

Seed Round in 2021
SatSure is an innovative decision analytics company that leverages advances in satellites, machine learning, and big data analytics to help solve problems at the nexus of sustainability of food, water, and energy security.

Tvasta

Seed Round in 2021
Tvasta’s aim is to develop new age manufacturing and automation technologies that increase human productivity and allows deep personalization Tvasta aims to be a Research and Development oriented company that develops pathbreaking products in the area of 3D Printing. Tvasta designs 3D Printers that work using Concrete, Metals, Polymers, and Ceramics. Tvasta aims to develop these 3D Printers which can completely automate and revolutionize product development and product delivery in the area of Construction, Automotive, Aerospace, and Medical Industries.

Rider

Seed Round in 2021
Rider is a logistics startup based in Pakistan that focuses on providing innovative solutions for last-mile delivery tailored for online shippers. The company has developed a technology-driven platform that facilitates the delivery of e-commerce products from various online stores and marketplaces directly to customers. Rider offers services such as cash on delivery and a "cash now, deliver later" option, which allows vendors to receive payments promptly while ensuring timely delivery of goods to their customers. This customer-centric approach aims to enhance the overall efficiency of the e-commerce delivery process in the region.

E Green Global

Venture Round in 2021
E Green Global is a manufacturer of microtubules on a commercial scale. They manufactured MICROTUBER technology on a commercial scale, overcoming a challenging phase of weak growth and development.

EarthSense

Seed Round in 2021
The lack of skilled labor in agriculture has led to an over-reliance on capital intensive machinery, synthetic chemicals, and simplified agricultural practices. This has led to the variety of bad effects from current agriculture including on the environment, food quality, and farmer profitability. In addition, the increasing unpredictability of weather and frequent extreme weather events are damaging our ability to provide the growing global population with food security. To address these problems, EarthSense has developed an agricultural robotics and AI platform with three key applications: (1) developing the next generation of more productive and sustainable crops, (2) helping growers obtain actionable intelligence from their fields, and (3) managing problems like herbicide resistant weeds. The EarthSense platform is built to be modular and easily extensible - so that other people can easily participate in innovating in the next generation of robotics and AI technology. As a result, our agricultural AI platform will enable a climate-smart agricultural system, improve plant and soil health, drive a reduction in use of chemicals and other expensive inputs.

Komunidad

Seed Round in 2021
Komunidad is a Climate Action Management Software that integrates ESG & Sustainability Management, Climate Risk Assessment and Social Impact tools into a single, comprehensive solution.

StratifiCare

Seed Round in 2021
StratifiCare is a medical company based in Singapore, established on July 13, 2015, that specializes in the development and manufacturing of in vitro diagnostic medical devices aimed at enhancing personalized medicine. The company has created innovative diagnostic assays that identify various diseases, including a specific panel of biomarkers for assessing the risk of severe dengue fever. This technology empowers healthcare professionals to tailor treatments to individual patients, thereby improving therapeutic outcomes. StratifiCare's commitment to quality and innovation positions it as a significant player in the field of diagnostic solutions.

INSEACT

Seed Round in 2021
INSEACT produces proteins, lipids, and fertilizer from rearing insects. They are building insect-rearing plants to create insect-based feed capacity. It processes palm oil waste, feeds this to insects, and processes the insects into ingredients for aquaculture.

Dastgyr

Seed Round in 2021
Dastgyr is a B2B e-commerce marketplace that uses technology to connect informal retailers with manufacturers and wholesalers. The company connects retailers directly to sellers, in an attempt to fix the fragmented supply chain. Dastgyr provides retail services that applies wholesale research to the lowest possible rates on inventories on a wide variety of products. Dastgyr was established in 2020 by Zohaib Ali in Lahore, Punjab.

Packworks

Seed Round in 2021
Packworks is a Philippines-based ERP, fintech, and data platform. Their mission is to be the Square of South East Asia by helping millions of micro-entrepreneurs across the region grow their business by empowering them with business tools, access to financial products, and fast-moving consumer goods companies.

Sufresca

Seed Round in 2021
Sufresca develops innovative edible coatings for fruits and vegetables, aimed at extending their shelf life and reducing weight loss under varying conditions. Founded in 2020, the company focuses on creating safe-to-consume solutions that mitigate food waste and diminish reliance on plastic packaging. By providing effective coating technologies, Sufresca supports the food industry and agricultural sectors in overcoming challenges related to the preservation and distribution of fresh produce globally.

Fairbanc

Seed Round in 2021
Fairbanc is an online payments platform based in San Francisco, California, that caters to small and medium enterprises (SMEs) in emerging markets. The company offers a scalable, AI-powered solution that provides instant digital credit lines without requiring collateral or a credit history. By analyzing digital footprints such as transaction histories with large suppliers and relevant mobile data, Fairbanc enables SMEs to purchase inventory from selected suppliers. This innovative approach helps retail shop owners increase sales, streamline payment processes, and develop credit histories, while suppliers benefit from more consistent order cycles and faster payments. Fairbanc's gender-intelligent ecosystem is designed to address the limitations of cash transactions across various vertical markets.

Wagely

Seed Round in 2021
Wagely is the developer of a financial wellness platform aimed at reducing employee financial stress. The company's platform allows employees to access previously earned but unpaid income, eliminating the need for cash advances. It also provides genuine financial benefits to improve employee financial health, giving employees more freedom to pay bills on time, avoid late fees, and cover unanticipated costs.

Fortuna Cools

Seed Round in 2021
Fortuna Cools specializes in the production of environmentally friendly coolers made from recycled and biodegradable materials. The company's coolers are insulated with waste coconut husk, a byproduct that is typically burned, thus contributing to waste reduction. By utilizing synthetic materials that are recyclable, Fortuna Cools aims to diminish plastic pollution and reduce carbon emissions. Their products serve as a sustainable alternative in the cold chain logistics sector, offering customers durable and affordable options for natural fiber packaging. Overall, Fortuna Cools focuses on creating innovative solutions that support both environmental sustainability and practicality in temperature-controlled transportation.

Skycatch

Series C in 2021
Skycatch builds technology to autonomously capture, process, and analyze 3D drone data to provide companies with an accurate visualization of the physical world. It is the leading industrial data collection and analytics company, focused on indexing and extracting critical information from the physical world. They use a combination of hardware, software, and artificial intelligence to deliver high precision data at unprecedented speed and ease of use. It was incorporated in 2013 and is based in San Francisco, California.

Euler Motors

Series A in 2021
Euler Motors is an automotive tech startup dedicated to advancing commercial electric vehicles in India. The company aims to accelerate the country's transition to sustainable mobility by focusing on last-mile logistics, particularly for e-commerce and third-party logistics providers. Euler Motors manufactures electric three-wheelers designed for intra-city goods transportation, which help reduce maintenance costs and lower fleet operational expenses. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to establish itself as a leader in the electric vehicle sector and drive the adoption of electric mobility across the nation.

Smart Joules

Series A in 2021
Smart Joules is an energy management company that offers energy-efficiency-as-a-service solutions for commercial and industrial buildings. It allows businesses to significantly reduce their energy costs by improving the overall design of their utilities and replacing aging energy-intensive equipment with best-in-class energy-efficient equipment. Using data, they are deploying their DeJoule IOT technology platform to track and control each piece of equipment and optimize overall performance in real-time.

Captain Fresh

Seed Round in 2021
Captain Fresh is a Bengaluru-based seafood supply chain platform founded in 2019, specializing in the freshwater fish and seafood market. It operates as a B2B marketplace that connects small fishermen and farmers along the Indian coast with fragmented retail demand across the country. By leveraging technology, including artificial intelligence for demand-supply matching, Captain Fresh aims to streamline the harvest-to-retail process, ensuring efficiency and quality in seafood distribution. The platform also provides digital traceability systems, which assist farmers in negotiating better deals for feed and seed while helping local fishermen and retailers manage their materials and orders more effectively.

Duithape

Venture Round in 2021
Duithape is a mobile payment and remittance platform that is designed to transact without a bank account. Its system facilitates users to make cash deposits and withdrawals, transfers, installment payments, and social security. The company was founded in 2015 and is headquartered in Jakarta, Indonesia.

Red Dot Analytics

Seed Round in 2021
Red Dot Analytics Pte Ltd (RDA) is a deep-tech spin-off from Nanyang Technological University in Singapore that focuses on enhancing Artificial Intelligence and Digital Twin technologies to support the sustainability and resilience of mission-critical infrastructures, particularly data centers in tropical regions. The company has developed an innovative cognitive digital twin platform, known as DCWiz, which facilitates the digital transformation of data center operations. This platform enables operators to digitalize, optimize, and automate their management processes, thereby improving operational efficiency and environmental sustainability. RDA's use of advanced technologies, such as real-time three-dimensional thermal monitoring and computational fluid dynamics predictive simulators, allows enterprises to better manage risks and accelerate their business outcomes.

Three Wheels United

Seed Round in 2020
Three Wheels United is a tech-enabled financier of light electric vehicles. Three Wheels United is a Global fintech lender for electric mobility in the Global South. The company is disrupting lending to low-income and less literate clients. It was founded in 2016 and headquartered in Bangalore, Karnataka.

Kiu Global

Seed Round in 2019
Kiu Global is a digital platform that facilitates access to financing for small and medium-sized enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) across Asia. Established over five years ago, Kiu addresses the challenges faced by these businesses, particularly in obtaining loans due to high rejection rates from financial institutions, lack of credit histories, and insufficient collateral. The company offers the Kiu Business Management Platform (BMP), which streamlines business processes, enhances transparency, and helps establish credibility with banks. Kiu operates in multiple countries, including the Philippines, Cambodia, Vietnam, and Myanmar, partnering with local banks and microfinance institutions to support digitalization and financial inclusion for underserved markets. By digitizing business operations and providing educational resources, Kiu empowers SMEs and MSMEs to improve their operational efficiency and secure the capital needed for growth.
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