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Asset/Investment Management
FINANCE | Asset/Financial Management
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Investments

245

Portfolio Exits

81

Funds

1

Partners & Customers

3

About EDBI

EDBI invests in knowledge and innovation-intensive sectors covering Information & Communication Technology (ICT), Emerging Technology (ET), Healthcare (HC) and select industry clusters under its Strategic Growth Programme (SGP). Taking a long term investment outlook, EDBI helps to grow companies in Asia and globally through Singapore.

EDBI Headquarter Location

250 North Bridge Road #28-00 Raffles City Tower

179101,

Singapore

+65 6832 6832

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Expert Collections containing EDBI

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find EDBI in 1 Expert Collection, including Synthetic Biology.

S

Synthetic Biology

382 items

EDBI Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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EDBI Rank

Latest EDBI News

Voyager Innovations raises $210 million to expand financial services ecosystem of mobile wallet, digital bank units

May 13, 2022

FILIPINO tech firm Voyager Innovations has raised a new capitalization of $210 million, propelling its valuation to unicorn-plus status at nearly $1.4 billion. Leading the round was SIG Venture Capital, the Asian arm of Susquehanna International Group. Other new investors included Singapore-based EDBI and investment holding company First Pacific Company Ltd. Also participating in the round were Voyager’s existing shareholders PLDT Inc., KKR, Tencent, International Finance Corp., IFC Emerging Asia Fund, and IFC Financial Institutions Growth Fund. The company will use the fresh investment to launch Maya Bank services, such as savings and credit, which will be integrated and offered seamlessly across PayMaya’s platforms for consumers and businesses, including micro, small and medium enterprises (MSMEs). It will also continue to expand PayMaya’s offerings with new products like cryptocurrency, micro-investments, insurance and more as the all-in-one money app in the country. “Our strong record of execution and innovation is a testament to our world-class team’s hard work and talent. With this milestone, we are excited to leap forward and bring the best of PayMaya and Maya Bank to help unlock the digital economy for the underserved and unbanked Filipinos,” Voyager and PayMaya CEO and founder Orlando B. Vea said. The Philippines is the fastest-growing market in Southeast Asia, with digital adoption of services reaching tipping points during the pandemic due to the demands of a young, digital-savvy population. In fact, the 2021 e-Conomy Southeast Asia Report by Google, Temasek, and Bain & Company showed that the country’s internet economy grew 94 percent from 2020 to 2021 and is expected to reach $40 billion by 2025, powered by flourishing e-commerce and strong adoption of e-wallet payments. Despite this accelerated trajectory, the Philippines remain a vastly underserved market with solid growth opportunities. About 47 percent of Filipino adults do not have savings. One in two of those with savings save via informal means, while one in three have loans, of which only 18 percent are availing from banks. The huge digital financial services opportunity extends to MSMEs, which account for 99.5 percent of the total establishments and employ 62.8 percent of the whole labor force in the country. Access to credit and financial services remains a problem for them, with only 24 percent availing loans or having lines of credit from formal financial institutions. PayMaya and Maya Bank seek to address the challenge of accelerating adoption in a country with limited merchant acceptance and banking presence by providing end-to-end services from an integrated ecosystem. As of the end of March, PayMaya has over 47 million registered users across its consumer platforms—more than two-thirds of the national adult population. It recently introduced cryptocurrency through its e-wallet app. Also, it’s enabling over 630,000 online and face-to-face touchpoints, including 63,000 Smart Padala agents, to accept digital payments from e-wallets and QR to any credit, debit, and prepaid card. Voyager entered the digital banking space with Maya Bank, which piloted last month. Together with PayMaya, they will help fast-track the country’s goals of transforming 50 percent of the total volume of retail payments to digital and expanding the financially included to 70 percent of Filipino adults by 2023.

EDBI Investments

245 Investments

EDBI has made 245 investments. Their latest investment was in Aspen Neuroscience as part of their Series B on May 5, 2022.

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EDBI Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/9/2022

Series B

Aspen Neuroscience

$147.5M

Yes

4

4/27/2022

Series B

Neuron Mobility

$43.5M

Yes

2

4/26/2022

Series B

RVAC Medicines

$140M

Yes

CBC Group, GS, Pavilion Capital, and Undisclosed Investors

1

4/21/2022

Series C

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$99M

Subscribe to see more

10

4/14/2022

Series A

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$99M

Subscribe to see more

10

Date

5/9/2022

4/27/2022

4/26/2022

4/21/2022

4/14/2022

Round

Series B

Series B

Series B

Series C

Series A

Company

Aspen Neuroscience

Neuron Mobility

RVAC Medicines

Subscribe to see more

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Amount

$147.5M

$43.5M

$140M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

CBC Group, GS, Pavilion Capital, and Undisclosed Investors

Sources

4

2

1

10

10

EDBI Portfolio Exits

81 Portfolio Exits

EDBI has 81 portfolio exits. Their latest portfolio exit was Puppet on April 11, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/11/2022

Acquired

5

3/2/2022

Reverse Merger

$99M

4

1/27/2022

Corporate Majority

3

12/8/2021

Reverse Merger

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$99M

Subscribe to see more

10

12/6/2021

Reverse Merger

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$99M

Subscribe to see more

10

Date

4/11/2022

3/2/2022

1/27/2022

12/8/2021

12/6/2021

Exit

Acquired

Reverse Merger

Corporate Majority

Reverse Merger

Reverse Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

5

4

3

10

10

EDBI Fund History

1 Fund History

EDBI has 1 fund, including Special Situation Fund for Startups (SSFS).

Closing Date

Fund

Fund Type

Status

Amount

Sources

Special Situation Fund for Startups (SSFS)

$205M

1

Closing Date

Fund

Special Situation Fund for Startups (SSFS)

Fund Type

Status

Amount

$205M

Sources

1

EDBI Partners & Customers

3 Partners and customers

EDBI has 3 strategic partners and customers. EDBI recently partnered with Pico on November 11, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

11/13/2019

Partner

United States

Information & Communication Technology (ICT). Singapore-based EDBI named as Pico investor and strategic partner - Edbi

We are excited to have a stronger partnership and to leverage EDBI 's knowledge and experience in emerging technologies as well as their extensive network , '' said Jarrod Yuster , Pico Founder and CEO .

1

10/6/2017

Partner

Netherlands

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Subscribe to see more

10

3/7/2017

Partner

Netherlands

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Subscribe to see more

10

Date

11/13/2019

10/6/2017

3/7/2017

Type

Partner

Partner

Partner

Business Partner

Country

United States

Netherlands

Netherlands

News Snippet

Information & Communication Technology (ICT). Singapore-based EDBI named as Pico investor and strategic partner - Edbi

We are excited to have a stronger partnership and to leverage EDBI 's knowledge and experience in emerging technologies as well as their extensive network , '' said Jarrod Yuster , Pico Founder and CEO .

Subscribe to see more

Subscribe to see more

Subscribe to see more

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Sources

1

10

10

EDBI Team

3 Team Members

EDBI has 3 team members, including former Senior Vice President, Boon Ping Chua.

Name

Work History

Title

Status

Boon Ping Chua

MediaCorp, meWATCH, ST Engineering, Infa Systems, SingTel Ventures, and Defense and Security Technology Accelerator

Senior Vice President

Former

Hock Chuan Tam

TRIREC, International Finance Corporation, Exploit Technologies, Accuron Technologies, Temasek, and MediaCorp

Senior Vice President

Former

Mun Yew Wong

Senior Vice President

Former

Name

Boon Ping Chua

Hock Chuan Tam

Mun Yew Wong

Work History

MediaCorp, meWATCH, ST Engineering, Infa Systems, SingTel Ventures, and Defense and Security Technology Accelerator

TRIREC, International Finance Corporation, Exploit Technologies, Accuron Technologies, Temasek, and MediaCorp

Title

Senior Vice President

Senior Vice President

Senior Vice President

Status

Former

Former

Former

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