InnoVen Capital

9 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Dec 1, 2021 by Paul Ong · said 13 times in 1 episodes since 2021 · across every show →

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brought up most by Sean Weisbrot (12), Paul Ong (1)

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2021 13 mentions in 1 episode

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Everything said about InnoVen Capital, oldest first

Dec 1, 2021 neutral
Disclosure
InnoVen specifically targets unprofitable, cash-burning technology startups for venture debt
“The kind of companies that we look for as a start, they are companies that Are in the technology space and that they're burning money. So they're not profitable. There's still a cash burn for growth, et cetera.”
Paul Ong Dec 1, 2021 ▶ 9:27 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021
Disclosure
InnoVen leveraged its OYO investment in India to back RedDoorz in SEA
“So we have a portfolio in India called OYO, which is, you know, about to be a listed company in the accommodation space. They are essentially counterpart in Southeast Asia, a company called Red Doors. And our familiarity with OYO in India has helped us to make…”
Paul Ong Dec 1, 2021 ▶ 13:25 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021
Assertion Supported
InnoVen Capital is jointly owned by Singapore's Temasek and UOB Bank
“We're a fund that is owned by Temasek, which is the Singaporean sovereign wealth fund, as well as a bank Called ULB Bank, which is a highly acclaimed regional bank headquartered in Singapore that has footprint all across Southeast Asia.”
Paul Ong Dec 1, 2021 ▶ 11:38 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021 negative
Insight
Startups using lump-sum bullet debt repayments become less alluring to future VCs
“And what we've realized is that companies that don't deleverage, let's say you borrowed five million, prefer to pay Five million all at one shot after like two years or three years. That takes away from the allure of a company in the eyes of potential future i…”
Paul Ong Dec 1, 2021 ▶ 16:05 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021
Disclosure
InnoVen typically structures venture debt as two-to-three-year monthly amortizing term loans
“This is a blanket sort of summary, but it's typically a term loan with a tenure of somewhere between two to three years. What that basically means is that we provide the capital upfront and it gets paid back essentially on a monthly basis, principal plus a lit…”
Paul Ong Dec 1, 2021 ▶ 15:19 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021 bullish
Insight
Founders use venture debt to boost valuations ahead of future equity rounds
“So essentially what you are doing is you are leveraging the dollars that you bring in as a founder to unlock Even more capital to bring you nearer term value such that when you need to go out to market again, you incorporate that value into your valuation, for…”
Paul Ong Dec 1, 2021 ▶ 18:34 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021 positive
Assertion Supported
InnoVen Capital backed 22 unicorns from a $500M AUM fund
“We have grown to about a half a billion in AUM. We've worked with over 300 portfolio companies. We're lucky to count 22 of them that have grown into unicorns.”
Paul Ong Dec 1, 2021 ▶ 3:14 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021 positive
Assertion Supported
InnoVen Capital is Asia's largest venture debt provider
“Innovin Capital is Asia's largest venture debt provider with offices in India, in China, as well as in Singapore for the Southeast Asian region.”
Paul Ong Dec 1, 2021 ▶ 3:04 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
Dec 1, 2021
Assertion Not checkable as stated
InnoVen receives venture debt leads from VCs for specific structural use cases
“We get more introductions from VCs when there's a specific utility, a specific use case that they want us to explore. So for example, if a B to B SaaS company has a growing receivables book, or if a hardware company needs, you know, more financing to for inven…”
Paul Ong Dec 1, 2021 ▶ 7:04 300 Portfolio Companies Later, 22 Became Unicorns Without Diluting
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