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First digital catalytic capital marketplace created for environmental private investments

Co-Axis will be developed in phases, with the first phase to be launched in 2024.

Temasek Trust and DBS Foundation said they will develop a digital catalytic capital marketplace for private investments towards solutions that tackle environmental and social challenges.

Co-Axis, the marketplace, will be an industry-wide platform which will be developed in phases, with the first phase to be rolled out in the first half of 2024.

The marketplace is a technology-based platform that will connect funders, such as family offices, corporate entities, and private foundations to businesses for impact or social enterprises, charitable organisations, and blended finance projects to pursue impact-focused opportunities. 

More financial institutions and industry actors are expected to join the development of Co-Axis over time.

Under the first phase, Co-Axis will offer a curated set of impact opportunities in the social and environmental spaces.

It will support innovators, enterprises, fintechs, and charitable organisations with strong impact potential but are early-stage or catalytic in nature.

Under the marketplace, accredited philanthropists and high-net-worth individuals can provide funding through a range of financial instruments, from donations to recoverable grants and embedded instruments. 

“Co-Axis will also act as a hub from which communities can emerge to share best practices and key learnings through innovative financing, networking, education, and training,” read the statement.

The marketplace also aims to resolve the slow funding being deployed to early-stage funds. About a 53% decline in global venture capital funding year-on-year was recorded in the first quarter of 2023.
 

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