Kaya Founders hits second close of latest funds at 1 billion pesos
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PHILIPPINES-BASED venture capital firm Kaya Founders secured a total of one billion pesos (S$24 million) as of the second close of its two latest funds, bringing its total assets under management to roughly US$22.5 million.
Pavilion Capital and Concentric Equity Partners as well as Gabriel and Geraldine Sunshine of Boston-based hedge fund Bracebridge Capital participated in the round.
Kaya will invest in 30 to 40 early-stage startups in the Philippines and South-east Asia over the next four years via the new funds, which are called Zero to One and One to Ten.
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