DBS, Southeast Asia’s largest bank, partners with VC giant Granite Asia to counter the region’s lack of capital

DBS, Southeast Asia’s largest bank, and Granite Asia, an Asia-focused investment fund, are launching a new “first-of-its-kind” partnership to support new startups, underpinned by a new $110 million AI-focused IPO fund offered exclusively to DBS’s high-wealth clients.

The partnership, which will continue for three years, is part of a push to provide more capital for Asia’s startups, which have fewer funding options available to them compared to those based in more mature Western economies.