The Singapore-based impact investment marketplace links investors such as family offices, corporations and foundations with early-stage businesses and blended finance projects advancing UN Sustainable Development Goals.
The platform landed $1.25 million Singapore dollars ($925,000) in catalytic capital, including $250,000 Singapore dollars from the Richardson Family disbursed over two years. Temasek Trust’s Catalytic Capital for Climate and Health, or C3H, contributed $1 million Singapore dollars to co-fund solutions at the nexus of climate and health opportunities with Co-Axis.
“By harnessing Co-Axis and a collaborative ecosystem, we can accelerate capital deployment and scale impact where it matters most,” said C3H’s Ryan Tan.
Impact partnerships
Temasek Trust, DBS Foundation, and UBS Optimus Foundation launched Co-Axis last year at the Philanthropy Asia Summit in Singapore, billing it as “the first digital catalytic capital marketplace.” The platform has more than 100 investment opportunities from over 40 countries that have been sourced from the Temasek Trust network.
Co-Axis partnered with California-based digital wealth management company Arta Finance last year to provide access to debt and equity investments on the Co-Axis platform, with a goal of unlocking $30 million over two years.
Eight other projects were specifically curated for Arta, including Coral Vita to revive coral reefs in the Bahamas and Wateroam, which provides water filters for rural and disaster-stricken communities in Singapore.
