IFC helps grow $220m Arbor fund

Arbor Ventures is set to secure up to $15m from the International Finance Corporation for its second fund.

International Finance Corporation (IFC), the private sector arm of the multilateral financial institution World Bank, is set to invest up to $15m in VC firm Arbor Ventures’ fund, DealStreetAsia reported yesterday.

The Arbor Venture Fund II has a target size of $220m. The firm is currently seeking additional limited partners, having previously received the backing of financial institutions, family offices and institutional investors for its first fund.

The firm, founded in 2013, focuses on early-stage fintech businesses operating in the financial services, big data and e-commerce sectors and that are either based in Asia or owe a significant proportion of their growth to operations in the continent.

See more from this Government Report: World Bank/IFC

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