Iris Fund focuses on venture debt niche

Iris Fund chairman Datuk Wan Kamaruzaman Wan Ahmad

WHILE the concept of venture capital is well established as having provided early funding for startups that grew to become global giants, venture debt is less known. It is, however, growing in importance and has some advantages over the traditional venture capital.

“Venture debt is a complementary source of financing for startups that usually raise funds through venture capital.