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The State of SaaS in the Philippines 2023
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Portfolio News
Kaya News
May 30, 2024
PH e-commerce enabler etaily launches in Singapore
Philippine-headquartered digital commerce enabler etaily has announced its official launch in Singapore as it looks to extend its e-commerce enablement services to brands based in the city-state.
Christian Francisco (The Independent Investor)
March 21, 2024
These PH Startups are Part of the TOP100 Growth Program 2024
The TOP100 Growth Program 2024 provides startups access to funding opportunities, mentorship, and regional visibility in Southeast Asia.
BELLA JAVIER LIAMZON
November 14, 2023
etaily is a ‘one-stop solution’ for consumer brands that want to enter Southeast Asia
Founded in 2020 and based in the Philippines, etaily announced today it has raised $17.8 million in Series A funding.
Catherine Shu (TechCrunch)
November 13, 2023
etaily Raises $17.8 Million To Drive Ecommerce In Southeast Asia
The company is today announcing it has completed a $17.8 million Series A funding round as it targets annual revenues of $100 million by 2025.
David Prosser (Forbes)
November 5, 2023
Tried and Tested: This Local Brand's P199 Seamless Undies Feel Barely There
Thank god for seamless panties. And thank god, specifically, for local brand Ecora's version.
Louise Lizan (Spot.PH)
October 24, 2023
Edtech startup EDGE Tutor raises funds for global expansion
Singapore-based edtech startup EDGE Tutor International has raised an undisclosed amount in a seed funding round to expand its online tutor operations globally.
Les Boltron (Outsource Accelerator)
June 21, 2023
How this edtech leader provides equitable access to education to over 20 countries in asia and beyond
Henry Motte-Muñoz’s Edge Tutor International provides highly skilled teachers to Asia, Europe and the Americas
Clifford Olanday (Tatler)
May 12, 2023
Filipino Startup Edukasyon Produces 'Spin-Off' Edutech, Edge Tutor
Filipino edutech Edukasyon.ph just announced the “spin-off” of Edge Tutor International, Inc., a tutoring platform started in 2022 that has since gone global. Popular among parents, Edge Tutor connects students to virtual tutors who are all licensed, certified, and trained educators.
Anri Ichimura (Esquire)
March 29, 2023
PH salary on-demand startup Advance raised $16m, acquires Vietnam's Bravo HR
Advance, a Philippines-based fintech startup that operates a salary-on-demandplatform, has announced raising a total of $16 million in its pre-Series A funding round co-anchored by Vietnam's Do Ventures and emerging market credit provider Lendable.
Mars. W. Mosqueda Jr (Tech in Asia)
February 27, 2023
Fintech startup Advance partners with Sitel Philippines to provide financial benefits beyond the paycheck
New on-demand salary platform Advance has partnered with Sitel® Philippines, one of the largest providers of customer experience products and solutions in the country, to advance employees’ financial wellness through its services.
BMPlus (Business Mirror)
April 5, 2022
Philippine e-commerce aggregator armada brands raises $1.3m pre-seed co-led by m venture partners and foxmont capital partners
Armada Brands (Armada), a Philippine-based e-commerce aggregator, said Tuesday it has raised $1.3 million in pre-seed funding to invest in e-commerce entrepreneurs looking to scale their brands.
Technode Global
April 5, 2022
Philippine ecommerce aggregator nets $1.3m in pre-seed money
Philippines-based Armada Brands, an ecommerce aggregator, has raised US $1.3 million in a pre-seed round led by M Venture Partners and Foxmont Capital Partners, with Antler and Sketchnote participating.
Roehl Niño Bautista (Tech in Asia)
June 4, 2024
Stanford Seminar Highlights Thriving Philippine Startup Ecosystem
STANFORD, CALIFORNIA – The Philippine Consulate in San Francisco attended a seminar at Stanford University’s US-Asia Technology Center titled, “The Startup Ecosystem of the Philippines: Current Trends and Opportunities” on 28 May 2024. The event was part of its Spring 2024 series on “Entrepreneurship in Asian High-Tech Industries.”
Philippine Consulate General San Francisco
May 31, 2024
Philippine Startups take Center Stage at Stanford Panel
Kaya Founders Founding Managing General Partner Paulo Campos, alongside Fourth Realm VC Co-Founder and General Partner Kendrick Geluz Kho and Alquemie Ventures LLC Principal Christina Laskowski, recently participated in a panel discussion titled “The Startup Ecosystem of the Philippines: Current Trends and Opportunities” at Stanford University.
Pancho Dizon (The Independent Investor)
May 28, 2024
PH Consulate in SF Meets Kaya Founders to Foster Startup Collaboration
The Philippine Consulate General in San Francisco’s Economic Team, led by Consul Vanessa Bago-Llona and Senior Trade Commissioner Celynne Layug, met with Paulo Campos, Founding Managing Partner of early stage venture capital Kaya Founders, at co-working space Dynamico at the Philippine Center in San Francisco on 20 May 2024.
Philippine Consulate General San Francisco
May 7, 2024
The next SEA thing: VCs eye Vietnam, Philippines as the next Indonesia
The Philippines and Vietnam have the same narrative in many ways: a growing gross domestic product per capita, young and large populations of over 100 million, and large foreign investments.
Elyssa Lopez (Tech in Asia)
March 20, 2024
Kaya Founders hits 2nd close of latest funds at $18m
"Philippines-based VC firm Kaya Founders has secured a total of 1 billion pesos (over US$18 million) as of the second close of its two latest funds, bringing its total assets under management to roughly US$22.5 million. Pavilion Capital and Concentric Equity Partners as well as Gabriel and Geraldine Sunshine of Boston-based hedge fund Bracebridge Capital participated in the round."
Lokesh Choudhary (Tech in Asia)
March 8, 2024
Kaya Founders Welcomes Potato Corner Veteran Dom Hernandez as New Strategic Partner
The former COO of Potato Corner is committed to supporting startups, particularly those in the tech and F&B space, to realize their full potential.
Paul John Cara (Esquire Philippines)
February 26, 2024
Founders Launchpad and Kaya Founders team up to launch new startup accelerator program
The new program is industry-agnostic and open to early-stage startups within the Philippines. Founders Launchpad provides hands-on support, while Kaya Founders brings investment expertise and operational guidance.
Pancho Dizon (The Independent Investor)
February 23, 2024
Founders Launchpad and Kaya Founders Come Together on New Startup Accelerator Program
Founders Launchpad and Kaya Founders have teamed up to launch their flagship accelerator program for Philippine startups. According to a news release, the partnership “leverages the strengths and expertise of both firms to create a comprehensive accelerator program designed to offer more funding and better mentorship to startups” in the country.
Esquire Philippines
February 19, 2024
NDC's first mixer event for 2024 with its Knowledge Partners and Co-Investment Partners
Among matters discussed were NDC’s planned role in the local startup ecosystem and MSME development, followed by the acknowledgement of official knowledge partners and the announcement of a potential co-investment partner — Kaya Founders.
National Development Company
June 23, 2023
Kaya Founders: Predictable policy environment will attract investors abroad
MANILA, Philippines — Local venture capital firm Kaya Founders is keen on seeing the domestic policy environment turn predictable for entrepreneurs, especially if the national government hopes to attract foreign investors by the dozen.
Philstar
June 14, 2023
Kaya Founders backs Philippines startups from ‘Day 0’
The Philippines’ startup ecosystem is poised for strong growth, thanks to the country’s rising GDP, fast adoption of online services and a new generation of founders. Launched by tech and investment veterans, Kaya Founders wants to back the most promising startups from the very beginning.
Catherine Shu (TechCrunch)
June 14, 2023
How Kaya Is Backing A New Generation Of Founders In The Philippines
The race is on to secure exposure to the burgeoning start-up ecosystem in the Philippines. One of the fastest-growing markets in South-East Asia has attracted venture capitalists from all around the world – start-ups in the Philippines raised a record $1 billion of funding in each of the past two years according to a report from Foxmont Capital Partners and BCG. Now a home-grown challenger, Kaya Founders, is raising the stakes with a new $12 million funding facility aimed at technology-enabled start-ups in the country.
David Prosser
April 11, 2023
SaaScon PH 2023: Sprout Solutions and Kaya Founders hold the country’s first-ever SaaS conference
"The Philippines is in for a new wave of digital transformation – and you might already be a part of it. Sprout Solutions and Kaya Founders have launched the first Software as a Service (SaaS) conference in the Philippines: SaaScon PH held at the Marriott Grand Ballroom on March 28, 2023."
Rappler
