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news releases

ADB VENTURES ANNOUNCES ITS FIRST TWO INVESTMENTS

The Asian Development Bank’s (ADB) new venture arm, ADB Ventures, has announced its first two investments. ADB Ventures invests in early-stage technology companies globally that address urgent development challenges in emerging Asia and the Pacific.

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ADB Ventures Backs LocalFarm to Help Thai Tourism Endure Downturn

The Asian Development Bank’s (ADB) impact investment platform, ADB Ventures, has teamed with the Tourism Authority of Thailand (TAT) to support technology startup TakeMeTour to develop the LocalFarm online platform and help mitigate the impact of the coronavirus disease (COVID-19) pandemic on Thailand’s tourism sector.

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ADB Ventures is ready to hit the ground running

ADB formally authorized the ADB Ventures platform in late January, and earlier this month we were proud to achieve the first close of our inaugural investment fund. We raised US$ 50 million, exceeding our target. After a year and a half of project preparation, we are finally ready to start making investments.

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Impact Stories

E Green Global

Korean Tech Solves Centuries-Old Challenge, Helping Secure Asia’s Potato Supply 

Fairbanc

Enabling Credit Access for Indonesia’s Small Business Owners.

Nuventura

Climate-Friendly Alternative Mitigates World’s Most Harmful Greenhouse Gas.

Satsure

Satellite Data Unlocks Access to Finance for India’s Climate-Vulnerable Farmers.

Skycatch

Reducing the Carbon Footprint of Infrastructure Construction.

Wagely

Expanding the Financial Resilience of Indonesian Workers

Komunidad

Climate Forecasting for the World’s Most Vulnerable Region.

Otago

Clean Cooking Fuels Forest Revitalization.