EvolutionX Debt Capital

Investing in tomorrow’s technology leaders

EvolutionX Debt Capital (“EvolutionX”) is a growth stage debt financing platform jointly set up by DBS and Temasek.

Headquartered in Singapore, we provide less dilutive financing to technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.

By investing into promising technology founders and entrepreneurs who are transforming large traditional industries, we aim to accelerate the digitisation of Asia’s economy and further catalyse the fast-growing technology ecosystem in the region.

Transforming industries

We partner with technology companies in a wide array of sectors, such as:

  • Consumer
  • Education
  • Financial services
  • Healthcare
  • Logistics
  • Industrial development

About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.

For more information, please visit

About Temasek

Temasek is a global investment company with a net portfolio value of S$382 billion (US$287b) as at 31 March 2023.

Its Purpose “So Every Generation Prospers” guides it to make a difference for today’s and future generations.

As an active investor, forward looking institution and trusted steward, it is committed to deliver sustainable value over the long term.

Temasek has overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively.

Headquartered in Singapore, it has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and London, Brussels, Paris, New York, San Francisco, Washington DC, and Mexico City outside Asia.

For more information on Temasek, please visit