DBS and Granite Asia Launch $110M AI IPO Fund to Propel Asia's Next-Gen Tech Leaders

DBS and Granite Asia have partnered to launch a landmark $110 million AI-focused IPO fund targeting Asia's high-growth innovators.

The fund provides DBS wealth clients with exclusive early access to AI-driven companies preparing for public listings across the region.

Revolutionizing Asia's AI Investment Landscape

This collaboration represents one of the first major bank-asset manager partnerships in Asia, blending banking prowess with deep tech investment expertise.

Granite Asia contributes its two-decade track record, including five recent IPO listings and 10 more filings in the past six months.

Over 13,000 AI companies founded in Asia since 2015 now seek expansion capital, making this fund timely amid resurgent equity markets.

Leadership Vision and Comprehensive Support

Tan Su Shan, CEO of DBS, described the initiative as embodying the bank's development heritage and 'One Bank' approach to fuel category leaders.

Senior Managing Partners Jenny Lee and Jixun Foo of Granite Asia highlighted uniting investment acumen with DBS's networks to scale founders globally.

DBS will deliver end-to-end solutions, from subscription financing and loans to M&A advisory and IPO readiness for portfolio firms.

Future Funds and Enduring Regional Impact

As the first in a series, the partnership promises more tailored funds and co-investments exclusively for DBS clients.

A forthcoming private capital product will offer non-dilutive funding, typically reserved for institutions, to tech-transforming Asian businesses.

Overall, the alliance catalyzes a dynamic funding ecosystem, drawing global investors and positioning Asia for sustained AI leadership.