Deutsche Bank's tech fund takes softly, softly approach

Deutsche Bank''s Asia Pacific technology fund kicks off with stake in Keppel venture.

Elaine Leong

October 09, 2000

Deutsche Bank has made its first investment in Asia via a $300 million technology fund. The e-millennium 2 fund (em2), of which Deutsche Bank is the lead investor, was launched in late July, and last week took a 10% stake in Trade1Asia (T1A), a Keppel Corporation initiative.

T1A is a business-to-business (B2B) online resource and exchange for small and medium sized enterprises (SMEs) and a hub for larger businesses to procure goods and services online at aggregated prices. The other strategic stakeholders in T1A are Keppel TatLee Bank, Keppel Telecommunications & Transportation, and k1eBiz Holdings, a Keppel Corporation subsidiary. Collectively, the shareholders have invested S$20 million ($11.44 million) into the B2B venture. Deustsche Bank declined to name the dollar figure of its investment.

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