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Glints’ expansion in the Philippines comes as the employment rate in the country was estimated at 94% in May 2022.
The program is designed for high-potential seed to Series A tech startups that could help solve the tech challenges in the region.
Bridge Southeast Founder and CEO David Bonifacio shares why he is bullish on the Philippines and why he’s confident in the country’s future.
The event was timely for Davao City, whose national ranking for startups dropped by one spot to fifth and two spots lower from its 19th place in Southeast Asia.
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.
Following a $1M raise last quarter, yufin’s team is set on helping Filipino merchants on their road to digital transformation, one MSME at a time.
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.