📋 Tender Overview
Region
Asia
Country
Asia
Sector
Energy
Publication date
1/13/2025
Effective date
12/11/2024
Total FMO financing
USD 0.30 MLN
Funding
Building Prospects
Who is our customer
SEACEF TAF Ltd was established in Singapore in June 2024 by Clime Capital as an independent entity and dedicated funding platform to support SEACEF II portfolio companies and potential projects. Since December 2023, FMO has been a Limited Partner in SEACEF II, with a committed investment of USD 13.5 million.
What is our funding objective
To provide a Development Contribution to the SEACEF Technical Assistance Facility which is expected to: i. further enable early-stage innovation and scale-up available capital in the region, and ii. provide tailored and strategic technical assistance focusing on capacity building by providing external advisory services to the portfolio companies in areas such as general business support, ecosystem building, E&S and gender.
Why do we fund this investment
SEACEF II has a strong fit with the FMO Strategy 2030 and FMO’s commitment to Climate Action, focusing on investments that promote the energy transition and climate resilience. More specifically, SEACEF II provides much needed early-stage and scale-up capital in the space of clean energy generation and infrastructure, which contributes to FMO’s Market Creation ambition. The Technical Assistance Facility further supports early-stage innovation, tailored and strategic technical assistance focusing on capacity building and strengthening the wider ecosystem. By providing TA funding to the SEACEF TAF, portfolio companies will gain access to business support, peer learning and external advisory support, enabling them to strengthen operations and strengthen their impact. This, in turn, enhances the value and effectiveness of FMO's involvement in SEACEF II.
