Author: Christian Francisco
The program is designed for high-potential seed to Series A tech startups that could help solve the tech challenges in the region.
The startup is the only Philippine-based edtech company that made it to the cohort of Asian startups joining the accelerator program.
According to a report by Preqin, venture capital deal activity in Southeast Asia soared in 2021 to a record $20 billion, up 1.6x from 2020.
The Philippine HR-tech startup raised an undisclosed amount in a funding round to expand its service offerings.
Expedock’s co-founders decided to move the company’s headquarters to San Francisco, California and shifted its market focus to North America.
Co-founders Shisuke Hori and Mimi Dumalaog said the fresh funding will be used to build the startup’s first prototype.
The fresh funding, which is one of the largest early-stage fundings in the Philippines, will be used to finance the expansion of the startup’s operations in Metro Manila and beyond.
The seed funding is one of the largest seed rounds in the Philippines so far and further positions the country as a likely “role model” for play-to-earn concept in Southeast Asia.
Niv Della, a Philippine homegrown cosmetics company that owns Colourette and Fresh Formula brands, announced that it has secured an undisclosed amount in its seed funding round anchored by Foxmont Capital Partners.
Singapore-based venture capital firm Insignia Ventures Partners has recently announced the close of three Southeast Asia funds with total commitments of $516 million.
The Singapore-headquartered fintech company will use its funding to further invest in their digital bank’s growth.
Manila-based quick commerce startup DART plans to expand to new cities after raising $1.3 million in pre-seed funding.