Climate and health solutions in Asia receive a funding boost of S$1.25 million from Catalytic Capital, secured by Co-Axis.
In a significant move to advance the United Nations Sustainable Development Goals (SDGs), digital impact marketplace Co-Axis has secured funding from various sources.
Co-Axis, a platform that connects funders with opportunities advancing the SDGs, now boasts a robust pipeline of impact opportunities sourced from the Temasek Trust network. This pipeline, coupled with expert philanthropy advisory services and knowledge and capacity-building programs, empowers global leaders to seed capital, spark ideas, and scale impact.
The Asean Catalytic Green Finance Facility is another key player in this endeavour, helping mobilize funds for sustainable infrastructure in Asia.
Catalytic Capital for Climate and Health (C3H), a catalytic vehicle by Temasek Trust, has committed S$1 million to co-fund Co-Axis impact opportunities focused on climate, health, and their intersection. C3H delivers tangible impact through bold, scalable solutions and is anchored by Temasek Trust's impact areas of Planet, People, Peace, and Progress.
The Richardson Family, a UK-based family office, has also pledged S$250,000 over two years to co-fund impact opportunities curated by Co-Axis. The Richardson Family business, a multi-generational, independent, investment and trading business, founded in the UK the first half of the 20th Century, is supporting this global push towards sustainable development.
However, the global push to achieve the SDGs by 2030 faces a significant financing shortfall, with an annual gap of approximately US$4.2 trillion. Catalytic capital, designed to unlock additional private capital and absorb higher risk, has emerged as a key enabler in bridging this gap.
Catalytic Capital for Climate and Health (C3H) and The Richardson Family are not the only ones recognising the potential of Co-Axis. The organisation that invested S$1.25 million in catalytic capital into the digital impact marketplace Co-Axis is not specified in the provided search results, nor are their commitments regarding support and scaling solutions in climate, health, and their intersections mentioned.
Co-Axis, under the leadership of Head Joycelyn Ong, now has about 100 impact opportunities from over 40 countries on its platform. The platform fosters knowledge exchange and capacity-building through forums, a knowledge hub, and workshops, further strengthening its role as a catalyst for high-impact solutions at speed and scale.
This influx of funding and support underscores the growing recognition of the need for innovative, collaborative approaches to address the financing shortfall in achieving the SDGs. Co-Axis, with its unique digital marketplace and extensive network, is poised to play a significant role in this global effort.
