The Business Times
business-time-50

Kaya Founders hits second close of latest funds at 1 billion pesos

google-preferred-sourceAdd BT as a preferred source
    • 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.
    • 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. PHOTO: PIXABAY

    Lokesh Choudhary

    Published Wed, Mar 20, 2024 · 09:43 AM

    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.

    Venture capitalFundraisingPhilippinesTech in Asia

    TRENDING NOW

    The freehold corner site in Lorong Liput is near Holland Village MRT station.

    Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit

    The onset of El Nino is also seen as a tailwind, as average crude palm oil prices have historically surged during the weather event.

    Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts

    After the divestment of White Sands mall (above), FCT’s retail portfolio will comprise eight suburban properties. 

    Frasers Centrepoint Trust to sell White Sands mall for S$467 million

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More