PROJECT

Projects

Summary of Investment Information

Project Number

49320

Company Name

INNOVEN CAPITAL SEA PTE. LTD.

Date SPI Disclosed

Aug 21, 2026

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Sep 21, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Aug 21, 2026

Department

CPVVF - Equity Portfolio Management/VC Funds and ISC Funds

Industry

Funds

Sector

Venture Capital Fund

Project Description

The proposed investment comprises an equity commitment by IFC, for its own account, of up to US$15 million as a Limited Partner in InnoVen Healthcare Fund I, a closed-end healthcare-focused growth and venture debt fund managed by InnoVen Capital SEA Pte Ltd. The Fund will provide non-dilutive growth capital to high-growth healthcare companies across India, Southeast Asia, and China, with Chinese companies expected to use proceeds to support expansion into Southeast Asia and other emerging markets.                                                   

Associated Advisory Engagement

                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation