The Dutch Good Growth Fund (DGGF) will provide $170,000 in additional funding through its Technical Assistance Facility to support Foxmont Capital Partners’ Philippine Ventures Fund III. Of this amount, $150,000 will go to the fund’s Business Development Services (BDS) facility, and $20,000 will be used for Technical Assistance (TA). This support is separate from DGGF’s direct investment of up to $8M into the fund, as per an announcement from January 2025.
DGGF said in a statement on last Wednesday that the support aims to be catalytic and provide additional value to Foxmont’s portfolio companies and the broader Philippine startup ecosystem in its role as a fund and BDS manager.
This new funding builds on an earlier investment DGGF made last year, helping Foxmont strengthen its ability to support startups.
Foxmont Capital Partners is a local venture capital firm that invests in early-stage tech startups in the Philippines. It is one of the few independent firms in the country focusing on small and growing businesses. Foxmont supports startups from early (Seed) to later (Series A) funding stages, offering not just money, but also guidance and support to help them grow.
The technical assistance funding from DGGF will help Foxmont become a better manager of the BDS program. This includes training on how to give useful support to startups after investment, and compliance training to make sure they meet global standards—important for building trust with other investors.
At the same time, the BDS Facility, co-funded by Foxmont, will offer targeted support to startups. This includes improving their business practices, financial systems, and strategies for growing their markets.
A key part of this program is its focus on positive impact, such as promoting diversity, equity, and inclusion, and including environmental and social goals in how businesses are run.
DGGF’s funding will support a two-year pilot of the BDS Facility, helping Foxmont test and improve its support model for startups. This fits with DGGF’s mission to strengthen the investment environment in emerging markets.
By helping Foxmont launch its first BDS Facility, DGGF is building a long-term support system for entrepreneurs and startups in the Philippines. The lessons learned from this pilot will help improve future support programs and guide other fund managers working on similar initiatives.
The Foxmont fund is open to startups from any sector, but it has a strong focus on technology.
Read more- Cradle and NIPA Launch Korea-ASEAN AI Development & Startup Competition 2025
