About ADB Ventures
ADB Ventures is a venture capital firm founded in 2020. It is primarily based out of Metro Manila, Philippines. As of Oct 2026, ADB Ventures is an active investor, having invested in 45 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Food and Agriculture Tech and Environment Tech. Most recently it participated in the $***** Seed round of Blue Whale Energy Overall, ADB Ventures portfolio has seen 2 acquisitions, namely Nuventura and Skycatch. A lot of funds co-invest with ADB Ventures, with names like Asian Development Bank sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio Soonicorns
Deals in last 12 months
ADB Ventures' List of Top Investments
ADB Ventures has a portfolio of 45 companies. Their most notable investments are in Skycatch and Fortuna.Their portfolio spans across Singapore, India, United States and 14 more locations. They have invested in Enterprise Applications, Food and Agriculture Tech, Environment Tech and 23 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by ADB Ventures:
1. Euler Motors
Manufacturer of electric commercial vehicles. The company specializes in the production of advanced electric cargo vehicles designed for commercial logistics and fleet operations. It provides high-performance electric solutions to optimize fleet profitability and efficiency for businesses. PF = Yes
Key facts about Euler Motors
- Founded Year: 2018
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $254M
- Employee Count: 1,591 as on Sep 30, 2026
- Investors: GIC, BlackSoil and 52 Others
- Latest Funding Round: Conventional Debt, Mar 17, 2026, $*****
- Highlight: Editors' Pick
2. Smart Joules
Provider of AI-powered energy efficiency solutions for commercial buildings. It provides cooling solutions through a subscription model, focusing on total cost of ownership. It offers design, implementation, operations, maintenance, and optimisation services. The company delivers efficiency through design, equipment, and data-based operations.
Key facts about Smart Joules
- Founded Year: 2014
- Location: Delhi (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $20.7M
- Employee Count: 204 as on Aug 31, 2025
- Investors: Burman Family, Max Ventures & Industries and 26 Others
- Latest Funding Round: Series B, Nov 28, 2025, $*****
- Highlight: Editors' Pick
3. Tvasta
Online platform for providing end to end solutions for construction 3D printing. It offers a full workflow that covers design preparation material selection and print execution. It enables real time monitoring of large scale structures being printed on site. It supports quality control by verifying print integrity against the original model.
Key facts about Tvasta
- Founded Year: 2016
- Location: Chennai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.65M
- Employee Count: 81 as on Aug 31, 2025
- Investors: Exim Bank, Z Nation Lab and 40 Others
- Latest Funding Round: Seed, Mar 31, 2025, $*****
- Highlight: Editors' Pick
Digital first seafood supply chain platform. They digitize every step of the seafood supply chain, from catch and farms to export and retail, aiming for traceability, quality assurance, and reduced waste.
Key facts about Captain Fresh
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $232M
- Employee Count: 144 as on Mar 31, 2026
- Investors: Evolvence Equity Partners, Prosus and 62 Others
- Latest Funding Round: Conventional Debt, Mar 10, 2026, $*****
- Highlight: Editors' Pick
5. SatSure
Developer of satellite imagery analytics for agriculture and infrastructure monitoring. This entity processes remote sensing data to provide insights for crop health assessment, yield estimation, and land use classification. It utilizes aerial and satellite inputs to support risk management in financial services, forestry, and utility maintenance. The technology stack integrates multispectral imagery with artificial intelligence to detect changes in terrain, vegetation, and infrastructure assets. These analytical products assist in monitoring environmental conditions and operational status for various industrial sectors.
Key facts about SatSure
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $28.9M
- Employee Count: 134 as on Jun 30, 2025
- Investors: Cisco, TransUnion and 40 Others
- Latest Funding Round: Grant (prize money), Jun 11, 2026, $*****
- Highlight: Editors' Pick
ADB Ventures' Year-on-Year Investment Trends
ADB Ventures has invested in 45 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Oct 2026, it has made 1 investment in this year. Its most recent first time investment was in Blue Whale Energy and most recent follow-on round was in Nuventura.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 0 | 3 |
2024 | 3 | 0 | 3 |
2023 | 0 | 2 | 2 |
2022 | 2 | 4 | 6 |
2021 | 12 | 0 | 12 |
ADB Ventures' Investments by Stage
ADB Ventures has made 15 investments in Seed stage with an average round size of $2.97M, 3 investments in Series A stage with an average round size of $5.79M, 2 investments in Series B stage with an average round size of $20M and 1 investment in Grant (prize money) stage with an average round size of $200K.Stage of entry | No. of Investments |
|---|---|
Seed | 15 |
Series A | 3 |
Series B | 2 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
ADB Ventures' Investments by Sector
ADB Ventures has a diverse portfolio, with companies operating in the Environment Tech, Sustainability Tech, High Tech, Enterprise Applications and Food and Agriculture Tech. Notably, it has invested in 39 Tech companies, 37 Enterprise (B2B) companies, 19 Software companies and at least 10 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Environment Tech | 10 |
Sustainability Tech | 10 |
High Tech | 8 |
Enterprise Applications | 6 |
Food and Agriculture Tech | 6 |
Others | 35 |
Note: We have considered here, only first round of investments
ADB Ventures' Investments by Geography
ADB Ventures has made most investments in India (4), followed by Singapore where it has made 4 investments.Country | No. of Investments |
|---|---|
India | 4 |
Singapore | 4 |
Philippines | 3 |
United States | 2 |
Bangladesh | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
ADB Ventures' recent investments
ADB Ventures has made 1 investments in 2026 so far - Blue Whale Energy.Here are the most recent investments by ADB Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 19, 2026 | Singapore | Seed | 8841 | [+1] | |
Dec 16, 2025 | Singapore | Series A | 4715 | [+1] | |
Nov 10, 2025 | Pakistan | Seed | 1116 | [+1] | |
Feb 03, 2025 | Singapore | Seed | 7985 | ||
Sep 10, 2024 | Philippines | Seed | 8153 | [+1] |
Acquired companies in ADB Ventures' Portfolio
2 companies from ADB Ventures' portfolio have been acquired. The most recent acquisition was Skycatch in Jul 2026 by Caterpillar for $*****.Here are ADB Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2026 | Mar 25, 2021 | Series B | 7802 | |
Apr 06, 2026 | 2021 | Seed | 4180 |
Co-investors of ADB Ventures
Over the past 5 years, 256 investors have co-invested in ADB Ventures's portfolio companies. This includes funds and angels.
- Invested before ADB Ventures: Ankur Capital, 500 Global and 76 others have invested in rounds before ADB Ventures. There are 2 companies where Ankur Capital has invested before ADB Ventures and 2 companies where 500 Global has invested before ADB Ventures.
- Top Co-investors of ADB Ventures: 57 investors entered a company along with ADB Ventures. These include investors like Asian Development Bank (2 companies).
- Invested after ADB Ventures: A total of 121 investors have invested in ADB Ventures's portfolio after their investments. Top Investors include Asian Development Bank (3 companies), British International Investment (2 companies) and Alteria Capital (2 companies).
Recent News related to ADB Ventures
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Nibertex Raises Pre-Series A FundingFinSMEs•Feb 03, 2025•Nibertex, Foxmont Capital Partners, ADB Ventures
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Tiger New Energy's Battery Swapping Technology Receives US$3.5M PushWavemaker Partners•Jun 24, 2024•Wavemaker Partners, ADB Ventures, Tiger New Energy, Asian Development Bank and 5 others
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Pinbox gets seed capital from ADB Ventures to expand micro pension coverage in IndiaTrade Brains•Apr 12, 2022•ADB Ventures, PinBox Solutions, Venture Catalysts, 9Unicorns and 1 other
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SatSure Raises $5 Million in pre-Series A The SaaS News•Feb 07, 2022•Baring Private Equity Partners, SatSure, ADB Ventures, Flowstate Games and 8 others
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Euler Motors raises additional $10 Million led by QRG Holdings and InvestmentsEVreporter•Nov 22, 2021•QRG Investments and Holdings, Euler Motors, Blume Venture, ADB Ventures and 6 others
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B2B Marketplace Captain Fresh Raises $3 Million In Seed FundingThe Startup Lab•Mar 15, 2021•Captain Fresh, Z47, Ankur Capital, ADB Ventures and 3 others
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The Korean government creates a joint venture fund with ADB… Invested $ 15 millionPlatum•Jun 01, 2020•ADB Ventures
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