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, focusing on innovative technology solutions that promote sustainable development across Asia and the Pacific. ADB Ventures targets sectors such as clean energy, sustainable agriculture, fintech, health, and climate solutions. By investing in startups that address key challenges in these industries, the firm aims to support initiatives that contribute to the United Nations Sustainable Development Goals (SDGs).

Munish Mohit Aggarwal

Principal

Qiyong Cao

Investor

Regine Cokieng

Associate

Toby Floro

Investor

Daniel Hersson

Senior Fund Manager

Minsoo Kim

Investor

Dominic Mellor

Co-Founder and Principal Investment Specialist

Kean Ng

Investor

Jugnu Pati

Investor

Jieying Shi

Associate

32 past transactions

Caidio

Seed Round in 2022
Caidio specializes in the development of artificial intelligence software and IoT sensors tailored for the global concrete construction market, which is valued at $1 trillion. The company's innovative technology enhances the quality and productivity of urban infrastructure projects while minimizing environmental impact. By leveraging machine learning algorithms, Caidio processes data from various stages of the concrete construction process, translating it into actionable insights. These insights are delivered to customers through a subscription-based software-as-a-service model, enabling construction industries to optimize their operations in a rapidly urbanizing environment.

Everimpact

Seed Round in 2022
Everimpact specializes in monitoring greenhouse gas emissions in real-time for cities by utilizing a combination of satellite technology and ground sensors. Their platform provides cities with a comprehensive solution to accurately assess the effectiveness of their climate initiatives. By verifying and certifying emissions reductions, Everimpact enables cities to participate in carbon trading markets, which is essential for generating revenue and addressing financing gaps in climate action. The company emphasizes the importance of helping cities capitalize on carbon trading to combat climate change effectively. Everimpact has garnered interest from various partners, including R-20, the European Space Agency, GEO, and the European Union, showcasing its commitment to enhancing urban sustainability and improving the quality of life for citizens through innovative air quality and climate monitoring systems.

Nuventura

Seed Round in 2022
Nuventura GmbH, founded in 2017 and based in Berlin, Germany, specializes in the design and development of gas-insulated switchgear (GIS) technology. The company focuses on creating innovative switchgear solutions that replace sulfur hexafluoride (SF6) with dry air, significantly reducing the use of greenhouse gases in the energy supply sector. Nuventura's technology maintains the benefits of traditional SF6 switchgear while adhering to existing IEC standards, allowing industries to effectively control, protect, and isolate electrical equipment. This approach facilitates improved monitoring of switchgear health and addresses environmental concerns associated with greenhouse gas emissions.

Pinbox Solutions

Seed Round in 2022
Pinbox Solutions is a global social enterprise focused on promoting digital micro-pension inclusion in developing countries. The company operates a platform designed to provide digital micro-pension and insurance services, specifically targeting the retirement needs of informal workers. By integrating digital identification with financial and payment systems, Pinbox Solutions facilitates the creation of a social security marketplace. This innovative approach enables governments and regulators to extend pension and insurance coverage to non-salaried workers, enhancing their access to essential financial security and social protection.

SatSure

Seed Round in 2022
SatSure is a decision analytics firm focused on enhancing the agriculture sector through advanced geospatial big data solutions. The company integrates satellite imagery, machine learning, and economic datasets to develop accurate agricultural risk profiles, particularly in crop insurance and yield assessment. By combining climatic variables with financial and socio-economic data, SatSure's platform offers real-time, location-specific insights that assist financial institutions and stakeholders in making informed decisions regarding irrigation, infrastructure, and climate action. This innovative approach aims to address critical challenges in 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.

EarthSense

Seed Round in 2021
EarthSense, Inc. specializes in developing agricultural robotics and artificial intelligence solutions to enhance farming practices. Based in Champaign, Illinois, the company has created TerraSentia, an ultracompact, autonomous robot equipped with various sensors and onboard computing capabilities for plant phenotyping. This innovative technology addresses critical issues in agriculture, such as labor shortages, environmental impacts, and the need for sustainable practices. EarthSense's platform focuses on three main applications: improving crop productivity and sustainability, providing actionable intelligence for growers, and tackling challenges like herbicide-resistant weeds. The modular design of their technology encourages collaboration and innovation within the agricultural sector, ultimately aiming to create a climate-smart agricultural system that enhances plant and soil health while reducing reliance on chemicals and costly inputs.

Loop Freight

Seed Round in 2021
Loop Freight is a technology-driven logistics company based in Dhaka, Bangladesh, that focuses on truckload freight. Founded in 2017, it offers a web and mobile platform that enables real-time tracking and visibility for all participants in the shipping process, including shippers, brokers, drivers, and fleet owners. The platform allows shippers to efficiently book, track, and pay for shipments, while carriers can select loads that are nearest to them, thereby minimizing deadhead miles and reducing transportation costs. Loop Freight's goal is to enhance the user experience in freight movement and streamline logistics operations for both shippers and carriers.

Dashlabs.ai

Seed Round in 2021
Dashlabs.ai is a developer of laboratory-based software that aims to enhance access to healthcare by automating laboratory tests and streamlining lab management processes. The company employs proprietary artificial intelligence and machine learning technologies to create solutions compatible with various laboratories and equipment. This software facilitates FinTech integration and features tight API endpoints, allowing healthcare institutions to utilize the platform from any device and location. Additionally, Dashlabs.ai enables real-time tracking of specimens, which further supports efficient healthcare delivery.

Tvasta

Seed Round in 2021
Tvasta is focused on advancing manufacturing and automation technologies, particularly in the field of 3D printing. The company specializes in designing 3D printers that utilize various materials, including concrete, metals, polymers, and ceramics. By developing innovative technologies, Tvasta aims to enhance productivity and enable deep personalization in product development and delivery. Its applications span multiple industries, including construction, automotive, aerospace, and medical sectors, positioning Tvasta as a key player in digitizing and revolutionizing these fields. The company's commitment to research and development drives its mission to create transformative products that streamline processes and improve efficiency.

Rider

Seed Round in 2021
Developer of a logistics platform designed for online sellers in Pakistan. The company delivers e-commerce products from online stores and marketplaces to the customers' doorstep, also provides cash on delivery and cash now, and delivers later service, enabling vendors to receive payments early and deliver goods to their customers on time.

E Green Global

Venture Round in 2021
Operator of an agri-tech company intended to overcome the limitations of the seed potato supply system. The company specializes in the mass production of seed potatoes using proprietary tissue culture technology, enabling customers to consume agricultural products free from viruses, nematodes, bacteria, and diseases.

Komunidad

Seed Round in 2021
Komunidad is designed to help environment-critical industries to make informed decisions when it comes to safety, operational efficiency, business continuity, and natural disaster preparedness. It allows relevant weather and environmental data to be quickly organized into visualizations, reports, and alerts to building the most suitable decision-making tools to support their operations.

Vitraya

Seed Round in 2021
Developer of a claims settlement platform designed to help in automated, real-time payouts and claims settlement between hospitals and insurers. The company's platform utilizes smart contracts and blockchain architecture that secures all ends of the data in private blocks detects document and identity forgery, auto-screens all documents against policy codes, and gets approvals instantly, enabling clients to safely interact and sign off on a settlement contract.

StratifiCare

Seed Round in 2021
StratifiCare is a medical company that focuses on the development and manufacturing of in vitro diagnostic medical devices it provides solutions for personalized medicine. StratifiCare features a panel of biomarkers which are able to determine the progress of dengue fever. The company was founded on July 13, 2015, and headquartered in Singapore.

INSEACT

Seed Round in 2021
Biotech company producing protein from insects

Dastgyr

Seed Round in 2021
Dastgyr is a Business-to-Business e-commerce platform based in Karachi, Pakistan, founded in 2020. The platform connects small retailers with manufacturers, brands, and wholesalers, allowing them to source merchandise efficiently from a single location. By leveraging technology, Dastgyr facilitates the connection between informal retailers and suppliers, transforming the way retailers conduct business. The company also aims to enhance the retail ecosystem by integrating marketplace services with logistics and capital solutions, thereby streamlining operations for its users.

Packworks

Seed Round in 2021
Packworks is a Philippines-based company that offers an end-to-end platform aimed at supporting micro-entrepreneurs in Southeast Asia. By providing a comprehensive solution that integrates enterprise resource planning (ERP), fintech services, and data analytics, Packworks helps small businesses enhance their operational efficiency and resilience. The platform addresses various challenges, including sales monitoring, dispatching, and logistics, enabling users to gain insights into their operations and make informed decisions. With a focus on empowering micro-entrepreneurs, Packworks connects them with business tools, financial products, and fast-moving consumer goods companies, ultimately fostering growth and sustainability in their enterprises.

Sufresca

Seed Round in 2021
Sufresca develops safe-to-consume vegetable and fruit coating intended to increase the shelf life of such products. It designs edible fruit and vegetable coating solutions to reduce food waste and curb the need for plastic packages.

Fairbanc

Seed Round in 2021
Fairbanc is a scalable, AI-powered mobile loan and payments platform for emerging market small-medium enterprises (SMEs) that requires no collateral or credit history. The company's AI-powered platform can read digital footprints such as transaction history with large suppliers, and data on the mobile phone to grant instant digital credit line that SMEs can use to purchase inventories from our selected suppliers. Fairbanc's proven gender-intelligent ecosystem for loans and payments can be used in many vertical markets, eliminating the shortcomings of cash. Retail shop-owners can boost sales up to 20%, eliminate cash shortages, enjoy an easier payments regimen, and develop a credit history; suppliers receive more consistent order cycles, more instant payments upon delivery, and SKU sales expansion.

Wagely

Seed Round in 2021
wagely is a unique employee benefits solution that enables your employees to access part of their already earned wages allowing greater flexibility to pay bills on time, avoid late fees, and pay for unexpected expenses – all in one click.

Fortuna Cools

Seed Round in 2021
Manufacturer of natural fiber packaging and products intended to offer durable, affordable, and biodegradable coolers to customers. The company's products provide coolers made from coconut leftover husks, a biodegradable alternative to iceboxes used in cold chain logistics, enabling customers to get naturally insulated containers at a low cost.

Skycatch

Series C in 2021
Skycatch, Inc. is a technology company based in San Francisco, California, that specializes in aerial data capture and analytics, primarily for the construction and mining industries. The company designs and produces the Evolution3 drone, which enables real-time data capture and 3D rendering. Skycatch also offers a proprietary app called Commander for drone operation, along with Dashboard software that analyzes collected data and facilitates team collaboration. Their platform combines advanced hardware, software, and artificial intelligence to provide clients with high-precision data quickly and efficiently. Founded in 2013, Skycatch focuses on indexing and extracting critical information from the physical world, helping enterprises visualize their environments with accuracy and ease.

Smart Joules

Series A in 2021
Developer of an energy-saving system designed to eliminate power wastage in various institutions. The company's home-grown building energy optimization system consists of an IoT controller, cloud computing platform, and data analytics engine with real-time monitoring and disaggregation of energy consumption and critical environmental parameter technology, enabling energy-poor customers to get reliable and affordable electricity access.

Euler Motors

Series A in 2021
Euler Motors Private Limited, founded in 2015 and headquartered in New Delhi, specializes in designing and manufacturing light electric commercial vehicles in India. The company primarily targets the e-commerce and logistics sectors, focusing on last-mile delivery solutions for fleet owners and third-party logistics (3PL) providers. By producing electric three-wheelers for intra-city goods transportation, Euler Motors aims to facilitate the shift to sustainable mobility in India. The vehicles are designed to offer lower maintenance costs and reduce overall fleet operating expenses. Euler Motors is committed to becoming a leader in the electric vehicle market, driving the adoption of green technology in cargo transport across the country.

Captain Fresh

Seed Round in 2021
Captain Fresh is a freshwater fish and seafood supply chain platform that operates a B2B marketplace designed to enhance the efficiency of the seafood value chain. By leveraging technology, including artificial intelligence, the company focuses on optimizing demand-supply matching and standardizing product quality. It also employs digital traceability systems that assist farmers in negotiating feed and seed deals while connecting local fishermen and fish retailers with suitable buyers. This approach aims to streamline material and order management, ultimately empowering stakeholders in the fish and seafood industry to improve their operational efficiencies.

DuitHape

Seed Round in 2021
Duithape is a mobile payment and remittance platform based in Jakarta, Indonesia, founded in 2015. The company offers a system that allows users to conduct transactions without the need for a bank account. Its services include cash deposits and withdrawals, money transfers, installment payments, and social security transactions. By utilizing secure technology, Duithape enables customers to access essential banking services, making financial transactions more accessible for individuals who may be underserved by traditional banking systems.

DuitHape

Seed Round in 2021
Duithape is a mobile payment and remittance platform based in Jakarta, Indonesia, founded in 2015. The company offers a system that allows users to conduct transactions without the need for a bank account. Its services include cash deposits and withdrawals, money transfers, installment payments, and social security transactions. By utilizing secure technology, Duithape enables customers to access essential banking services, making financial transactions more accessible for individuals who may be underserved by traditional banking systems.

Red Dot Analytics

Seed Round in 2021
Red Dot Analytics is an artificial intelligence technology company for energy savings.

Three Wheels United

Seed Round in 2020
Three Wheels United India Services Private Limited provides financing for electric light vehicles. It provides financing solutions with loan and asset management technology. The company was incorporated in 2010 and is based in Bengaluru, India.
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