The Philippines’ startup ecosystem has gained significant traction recently, with global investors taking note of the region’s growing potential. Manila has emerged as a hub for startups in Southeast Asia thanks to a thriving tech community, diverse talent pool, and government support for innovation. According to PwC, venture capital funding in the Philippines exceeded $60M in 2020, increasing 58% from the year prior. This article explores the top 15 VC firms and investors in Manila, including their fund size, history, and focus areas:
1. Foxmont Capital Partners
Philippine Ventures Fund is a multi focus venture capital fund dedicated to Filipino entrepreneurs to support them with capital, network and through the different stages of development.
- Founded: 2018
- Fund Size: $12M (2021)
- Website: https://www.foxmontcapital.com/
2. Manila Angel Investors Network
Main Capital is a strategic investor with an exclusive focus on enterprise software companies in the Benelux, DACH and Nordics regions. They have a long-term, value-added investment horizon centered around successful partnerships with founders and management teams. Their common goal is to create operational and strategic value and build large and
- Founded: 2016
- Website: https://www.main.ph/
3. ICCP Venture Partners
ICCP Venture Partners is a venture capital firm that specializes in early stage technology investments and transpacific investing.
- Founded: 1988
- Website: http://www.iccpventurepartners.com/
4. Navegar
Navegar provides growth capital to established businesses, with a target
- Founded: 2012
- Fund Size: $197M (2019)
- Website: http://navegar.com.ph/
5. Ayala Corporation
Since 1834, they at Ayala have been the country’s long standing partner in its pursuit for progress and nation building. They have been developing businesses that transform industries, challenging the status quo, and bringing innovations here in the Philippines and abroad that contribute to the nation’s social and economic agenda.
- Founded: 1834
- Fund Size: $180M (2020)
- Website: http://www.ayala.com.ph/
6. Narra Venture Capital
Narra Venture Capital invests in private high-technology companies and is a venture management and advisory group.
- Founded: 2002
- Website: http://www.narravc.com/
7. Core Capital
Founded in 2018, Core Capital is a venture capital firm in Manila, Philippines. Core Capital provides early stage financing for technology companies with a focus on the Philippines. The firm invests through its first fund the Gobi-Core Philippines Fund, co-managed with Gobi Partners.
- Founded: 2018
- Fund Size: $10M (2019)
- Website: https://www.corevc.ph/
8. Paxys
Paxys is an investment holding company incorporated in the Philippines and listed on the Philippine Stock Exchange (stock symbol: PAX).
- Founded: 1952
- Website: http://paxys.com/
9. Andorra Ventures Corporation
Andorra Ventures Corporation was incorporated on July 7, 2005 to manage the annual $100,000 Robert V. Chandran Venture Capital Award, a five-year commitment beginning in 2005 to provide angel capital financing up to $100,000 to deserving business ventures of 2nd year MBA students of the Asian Institute of Management.
- Founded: 2005
- Website: http://www.andorraventures.com/
10. First Asia Venture Capital
First Asia Venture Capital Inc. (First Asia) is a venture capital company involved in a number of Philippine-based businesses.
- Founded: 1977
- Website: firstasia.com.ph
11. Golden Gate VC
Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM
- Founded: 2011
- Website: https://www.goldengate.vc/
12. Investment & Capital Corporation of the Philippines
ICCP Group is a conglomerate organization that specializes in investment banking, property development, and exhibition management services.
- Founded: 1988
- Website: http://www.iccp.com.ph/
13. New Leaf Ventures
New Leaf Venture Partners is a venture capital firm focused on investments in healthcare technology companies.
- Founded: 2005
- Website: https://www.nlvpartners.com/
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