List of Venture Capital Firms in the Philippines: A Comprehensive Guide
The Philippines has a thriving startup ecosystem, with many entrepreneurs seeking venture capital to fund their businesses.
Venture capital firms in the Philippines are playing a crucial role in providing funding and support to these startups. These firms invest in early-stage companies with the potential for high growth and returns.
There are several venture capital firms in the Philippines that are actively investing in startups.
Some of the top firms include Gobi Partners, Kickstart Ventures, and Future Now Ventures. These firms have a track record of investing in successful startups and are actively seeking new opportunities to invest in.
The startup ecosystem in the Philippines is still relatively young, but it is growing rapidly.
Venture capital firms are playing a critical role in supporting this growth by providing funding, expertise, and mentorship to startups.
As the ecosystem continues to mature, it is likely that we will see more venture capital firms enter the market, further fueling the growth of the startup ecosystem in the Philippines.
Evolution of Venture Capital in Philippines
The venture capital industry in the Philippines has been evolving rapidly over the past few years. According to the Philippine Venture Capital Report 2020 by Foxmont Capital Partners, the first half of 2020 recorded USD $51.8 million in early-stage funding, which is higher than the full-year 2019 of USD $37.9 million.
This shows that the industry is growing and attracting more investors.
In 2021, the industry continued to thrive despite the challenges brought about by the COVID-19 pandemic.
The Philippine Venture Capital Report 2022 by Boston Consulting Group, in partnership with Foxmont Capital Partners, reveals that the total investments in the Philippine venture capital industry reached USD $217 million in 2021, an increase from USD $200 million in 2020. This indicates that investors are still confident in the Philippine economy and are willing to invest in local startups.
The growth of the venture capital industry in the Philippines is also attributed to the government's efforts to promote the startup ecosystem and attract more investors.
In 2020, the Department of Trade and Industry launched the Startup Grant Fund, which provides financial support to startups that are developing innovative products and services.
This initiative aims to encourage more entrepreneurs to start their own businesses and create jobs for Filipinos.
The Philippine venture capital industry is also diversifying, with more investments being made in various sectors such as fintech, IT and software, and transport and logistics.
According to the Philippine Venture Capital Report 2020 by Foxmont Capital Partners, fintech is one of the leading sectors, with the impact of COVID-19 accelerating growth in this area.
The report forecasts that transaction values in fintech will increase by 24% at the end of 2020.
In conclusion, the venture capital industry in the Philippines is growing and evolving.
With the government's support and the increasing interest of investors, the industry is expected to continue to thrive in the coming years.
Key Venture Capital Firms in Philippines
Philippines has seen a surge in venture capital firms in recent years. Some of the key players in the VC industry in the country are Foxmont Capital Partners, Narra Ventures, Kickstart, and Main.ph.
Foxmont Capital Partners
With a focus on early-stage tech investments, Foxmont Capital Partners is one of the most active VC firms in the Philippines. They have invested in several successful startups, including PayMongo, Edukasyon.ph, and Acudeen Technologies. Foxmont is also known for their partnership with Boston Consulting Group in producing the Philippine Venture Capital Report, which provides insights and analysis on the VC industry in the country.
Narra Ventures is a Philippine-based VC firm that invests in early-stage technology startups in Southeast Asia. They have invested in several successful startups, such as Zennya, Edukasyon.ph, and Maria Health. Narra Ventures is also known for their partnership with the Singaporean government's investment arm, Temasek, in establishing the Southeast Asia-focused VC firm, Pavilion Capital.
Kickstart Ventures is a subsidiary of Globe Telecom, one of the largest telecommunications companies in the Philippines. They invest in early-stage tech startups in Southeast Asia, with a focus on the Philippines. Some of their notable investments include Coins.ph, Kalibrr, and Kumu. Kickstart is also known for their partnership with the Singaporean VC firm, Golden Gate Ventures.
Main.ph is a Philippine-based VC firm that invests in early-stage tech startups in the country.
They have invested in several successful startups, such as Kumu, Edukasyon.ph, and Acudeen Technologies. Main.ph is also known for their partnership with the Singaporean VC firm, Jungle Ventures, in establishing the Southeast Asia-focused VC firm, SeaX Ventures.
Overall, these VC firms have played a significant role in the growth and development of the startup ecosystem in the Philippines.
Top Venture Capital Firms in Philippines
Their investments have helped several startups scale and succeed, and their partnerships with other VC firms and organizations have contributed to the overall growth of the VC industry in the country.
Role in the Startup Ecosystem
Venture capital firms play a crucial role in the Philippine startup ecosystem, providing funding and support to early-stage startups and entrepreneurs. These firms invest in promising startups and help them grow by providing mentorship, resources, and connections to other investors and industry experts.
Startups in the Philippines often face significant challenges when it comes to securing funding, and venture capital firms help bridge this gap by providing the necessary capital to help startups get off the ground.
By investing in startups, venture capital firms help create jobs, drive innovation, and contribute to the growth of the Philippine economy.
In addition to providing funding, venture capital firms also play a key role in helping startups navigate the complex world of business.
They provide mentorship and guidance to startup founders, helping them develop their business models, refine their products, and identify potential customers. Venture capital firms also provide connections to other investors and industry experts, helping startups build their networks and gain access to new opportunities.
Accelerators and incubators are also important players in the Philippine startup ecosystem, providing mentorship, resources, and support to early-stage startups. Venture capital firms often work closely with these organizations, providing funding and expertise to help startups grow and succeed.
Top Venture Capital Firms Philippines
Overall, venture capital firms are an essential part of the Philippine startup ecosystem, providing the necessary funding and support to help startups succeed. By investing in startups and providing mentorship and guidance, venture capital firms help drive innovation and contribute to the growth of the Philippine economy.
Notable Investments and Success Stories
Several venture capital firms in the Philippines have made notable investments and have success stories to share.
One such company is Kickstart Ventures, which is backed by Globe Telecom (Ayala Corp). Kickstart Ventures has made investments in various companies, including Voyager Innovations.
Voyager Innovations is a technology company that provides digital financial services and mobile payments. Kickstart Ventures invested in Voyager Innovations in 2013, and the company has since grown to become one of the leading digital financial services providers in the Philippines.
Another company that has received investment from venture capital firms is Sprout Solutions.
Sprout Solutions is a software company that provides cloud-based human resource and payroll management solutions. The company received funding from Kickstart Ventures and Wavemaker Partners in 2016. Since then, Sprout Solutions has grown rapidly and has become a leading provider of HR and payroll solutions in the Philippines.
Kumu is another company that has received investment from venture capital firms. Kumu is a social media platform that focuses on live streaming and community building.
The company received funding from Summit Media, which is a media company that has invested in various digital media and technology companies. Kumu has since grown to become one of the leading social media platforms in the Philippines.
Great Deals E-Commerce is another success story in the Philippines.
The company is an e-commerce platform that provides various products and services to consumers in the Philippines. Great Deals E-Commerce received funding from Wavemaker Partners in 2016. Since then, the company has grown rapidly and has become one of the leading e-commerce platforms in the Philippines.
Overall, these success stories demonstrate the potential for growth and success in the Philippine venture capital industry.
Top Venture Capital Firms in The Philippines
With the support of venture capital firms, innovative companies in the Philippines can achieve their goals and make a significant impact in their respective industries.
Venture Capital and Angel Investors
Philippines has a growing venture capital and angel investor scene. These investors provide funding to early-stage and growth-stage companies in exchange for equity. Some of the notable venture capital and angel investors in Philippines are:
Kickstart Ventures: A venture capital firm backed by Globe Telecom, one of the largest telecommunications companies in Philippines. Kickstart Ventures has made 40 investments as of June 2019 and is supporting 86 founders in tech startups not just in the Philippines but in countries like Indonesia, Malaysia, Singapore, the U.S., Canada, and Israel. Some of the digital tech startups in its portfolio are Kalibrr, Sprout Solutions, Wattpad, Kumu, Entrego, Zalora, and Zipmatch.
Foxmont Capital Partners Philippine Ventures Fund: A multi-focus venture capital fund dedicated to Filipino entrepreneurs to support them with capital, network, and through the different stages of development. Foxmont Capital Partners Philippine Ventures Fund was founded in 2018 and is active in industries such as e-commerce, software, and mobile entertainment.
NEXEA: A venture capital firm that provides early-stage funding to startups in Southeast Asia. NEXEA has a presence in Philippines and has invested in startups such as Acudeen, a fintech company that provides invoice financing solutions to small and medium-sized enterprises.
Venture Capital Philippines
Apart from venture capital firms, there are also angel investors in Philippines who provide funding to startups. Some of the notable angel investors in Philippines are:
Manila Angel Investors Network: A network of angel investors who invest in early-stage companies in Philippines. Manila Angel Investors Network was founded in 2013 and has invested in startups such as Coins.ph, a cryptocurrency wallet and exchange platform.
Private Equity and Venture Capital Association of the Philippines (PVCA): A non-profit organization that represents the private equity and venture capital industry in Philippines. PVCA aims to promote the development of the private equity and venture capital industry in Philippines and provide a platform for networking and knowledge sharing among its members.
Overall, the venture capital and angel investor scene in Philippines is growing and provides funding opportunities for startups in various industries.
Impact of Pandemic on Venture Capital
The COVID-19 pandemic has had a significant impact on the global economy, including the venture capital industry in the Philippines. While the pandemic has created challenges for businesses across all sectors, it has also created new opportunities for venture capital firms to invest in innovative startups that are responding to the changing needs of consumers.
According to a report by Boston Consulting Group, the pandemic has accelerated the adoption of digital services across sectors and industries in the Philippines. This has led to an increase in startup transactions in the country, particularly in the areas of fintech and e-commerce.
Many traditional conglomerates have also started backing Filipino venture capital firms, such as the $180 million fund raised by five Filipino venture capital firms backed by traditional conglomerates, as reported by Esquire Philippines.
However, the pandemic has also created challenges for venture capital firms in the Philippines. The uncertainty caused by the pandemic has made it more difficult for firms to evaluate investment opportunities and has led to a slowdown in fundraising activity.
Additionally, many startups have had to pivot their business models in response to the pandemic, which has made it more difficult for venture capital firms to assess the viability of these businesses.
Despite these challenges, the venture capital industry in the Philippines remains resilient.
According to Crunchbase, venture capital investment in the country reached a record high in 2021, with $1.2 billion invested across 74 deals. This is a testament to the strength of the startup ecosystem in the Philippines and the ability of venture capital firms to adapt to changing market conditions.
Overall, while the pandemic has created challenges for the venture capital industry in the Philippines, it has also created new opportunities for venture capital firms to invest in innovative startups that are responding to the changing needs of consumers.
Top Venture Capital Firms in The Philippines
As the country continues to recover from the pandemic, it will be interesting to see how the venture capital industry evolves and adapts to the changing market conditions.
Philippine Venture Capital in the Regional Context
The Philippine venture capital industry has been growing rapidly in recent years, and is now seen as a key player in the Southeast Asian startup ecosystem.
This growth can be attributed to a number of factors, including a supportive government, a growing tech-savvy population, and a large pool of young, talented entrepreneurs.
The Philippine venture capital industry has been attracting attention from investors from all over the region, including Indonesia, Malaysia, and Singapore.
These investors are drawn to the country's growing startup ecosystem, which is centered around Metro Manila and Makati City.
In particular, Singaporean venture capital firms have been taking an interest in the Philippines, with at least seven regional VCs making their first investment in the country in 2022 alone. This is seen as a validation of the ripeness of the local startup ecosystem, and is expected to attract even more investment in the years to come.
The Philippine venture capital industry is also benefiting from the support of traditional conglomerates, with several Filipino venture capital firms backed by large companies such as Ayala Corp.
This support has helped to provide a stable base for the industry, and has allowed it to grow rapidly in recent years.
Overall, the Philippine venture capital industry is seen as a key player in the Southeast Asian startup ecosystem, and is expected to continue to grow rapidly in the years to come.
Top Venture Capital firms in Philippines
With the support of both local and regional investors, as well as traditional conglomerates, the industry is well-positioned to take advantage of the many opportunities that are emerging in the Philippine startup ecosystem.
The future of venture capital in the Philippines looks promising.
With the growth of the economy and the increasing number of startups, there is a lot of potential for investment.
Many entrepreneurs are looking for funding to help their businesses grow, and venture capital firms are stepping up to the plate.
PLDT, one of the largest telecommunications companies in the Philippines, has invested in several venture capital firms, including Kickstart Ventures and Ideaspace Foundation. These firms focus on early stage investments in technology, communication, and food startups.
With PLDT's support, these firms are able to provide funding, mentorship, and resources to help startups succeed.
Paco Sandejas, the founder of Narra Venture Capital, believes that the future of venture capital in the Philippines lies in investing in companies that solve local problems. He believes that there is a lot of potential in industries such as healthcare, education, and agriculture.
By investing in these industries, venture capital firms can help create solutions to the unique challenges faced by the Philippines.
Overall, the future of venture capital in the Philippines is bright.
As more and more entrepreneurs look for funding to help their businesses grow, venture capital firms are stepping up to provide the necessary support.
With a focus on early stage investments and a commitment to solving local problems, these firms are poised to help drive the growth of the Philippine economy.
Top Venture Capital firms Philippines