According to the bank's website, the "transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to the Euro equivalent of $3,500,000 including an initial investment of 1,000,000, approximately $1,180,000, in Nuventura GmbH (Nuventura) in Germany to expand its operations in developing member countries (DMCs) with an initial focus on the People's Republic of China (PRC) market and India as a subsequent target market to be provided by the ADB Ventures Investment Fund 11 under the ADB Ventures Financing Partnership Facility. ADB will provide financing to Nuventura to be used by its Singapore subsidiary, to be set up before the closing of the investment, in the form of a convertible loan agreement between Nuventura and ADB. The balance of the approved equity amount may be invested in subsequent fundraising rounds that Nuventura is expected to undertake".
Contact details not provided at the time of disclosure.
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