SEACEF TAF Ltd.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
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.
- 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