30 Oct '15, 12pm

DBS launches venture debt programme for tech start-ups to raise funds

SINGAPORE - DBS Bank has launched a programme to provide financing to technology start-ups and expand capital-raising options for technopreneurs. Tech start-ups can tap the new DBS venture debt programme for working capital, buying fixed assets and even project financing. To qualify, tech start-ups must be backed by DBS's partner venture capitalists, who include Vertex Venture, Monk's Hill Ventures and Golden Gate Ventures. They should have raised at least $1 million of Series A funding, been in operation for at least a year, been incorporated for at least two years and have demonstrated that their business model is commercially viable. "Start-ups in Singapore primarily rely on venture capital to fund their operations," DBS said in a statement on Thursday. "By offering a dedicated venture debt solution to tech start-ups which are at the growth stage of their business life ...

Full article: http://www.straitstimes.com/business/banking/dbs-launches...

Tweets

DBS is the 8th largest #privatebank in APAC, the only SG bank in top 10.

DBS is the 8th largest #privatebank in APAC, th...

straitstimes.com 30 Oct '15, 3pm

DBS is now the eighth-largest private bank in the Asia-Pacific by assets under management (AUM), bigger than even Morgan S...

China to create US$6.5b venture capital fund to...

businesstimes.com.sg 31 Oct '15, 11pm

[SHANGHAI] China will set up a government venture capital fund worth 40 billion yuan (S$8.7 billion) to support startups i...