Thursday, April 18, 2024
HomeFunding Kaya Founders Secures $18M to support Filipano entreprenures

[Funding Alert] Kaya Founders Secures $18M to support Filipano entreprenures

The venture capital company Kaya Founders, with its headquarters in the Philippines, is announcing the second closing of its two most recent funds, which are intended to support Southeast Asian technological start-ups of the future.

The company said in a statement on Wednesday that this raises the firm’s total assets under management (AUM) to PHP1.25 billion ($22.5 million) and the total committed capital of its new funds to PHP1 billion ($18 million).

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The statement claims that family offices, high net worth individuals, and seasoned business owners joined the funding round, along with investors like Singapore’s Pavilion Capital, Gabriel and Geraldine Sunshine of Boston-based hedge fund Bracebridge Capital, and Concentric Equity Partners.

The company wants to invest PHP1.4 billion ($25 million) in two new funds in early-stage start-ups in Southeast Asia and the Philippines. Since its founding in 2021, Kaya Founders has amassed 44 firms in its portfolio, covering a variety of industries like as financial services, software as a service, eCommerce, healthcare, and agricultural, among others.

Some of the nation’s leading investors and technology operators, including Lisa Gokongwei-Cheng (Founder and CEO of Summit Media), Ray Alimurung (former CEO of Lazada Philippines), and Paulo Campos (co-founder and former CEO of ZALORA Philippines), are the people behind Kaya Founders.

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In addition, the venture capital has added two strategic partners to strengthen the leadership team: Dominic Hernandez, a director of Union Digital Bank and the former chief operating officer of Potato Corner, and Accent Micro Technologies Inc. (AMTI), a provider of technology solutions.

“We see Kaya as a vehicle to capitalize on the unique window of opportunity we are in, with the defining companies of the country and broader region to be built over the next decade,

“Above all, we see Kaya as an avenue to solve the most pressing challenges of our times, be it financial exclusion, climate change, or limited healthcare access,” said its Managing General Partner Paulo Campos.

About Kaya Founders

Kaya Founders collaborates with outstanding founders as early as Day 0. By offering operational and strategic support, as well as by fostering synergies with their partners and throughout their portfolio, they derisk and expedite the start-up process.

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