Browsing: Updates
The meeting delved into the possible areas for cooperation for Indonesian and Philippine entrepreneurs, especially in the areas of technology, energy, and healthcare, said Pandu Sjahrir.
The company will use the Series A funds to further grow its platform in the Philippines, Indonesia, and Malaysia, as well as double its headcount from the current 60-strong team.
With the acquisition, WeClean plans to include other revenue lines in the business, including alterations, which used to be done in Panda Cleaners before the pandemic.
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.
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.
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.