- Kaya Founders secures $18M to invest in early-stage startups.
- The firm aims to bridge the funding gap in the underlooked Philippine startup ecosystem.
- Kaya Founders’ commitment is expected to contribute to the growth of regional startups.
Supporting early-stage companies
Kaya Founders, a Philippines-based VC firm, has secured $18 million in the second close of its latest funds, bringing its total assets under management to $22.5 million.
The funds will be used to invest in 30 to 40 early-stage startups in the Philippines and Southeast Asia over the next four years, focusing on pre-seed to series A companies.
All for the Philippine startup ecosystem
Paulo Campos, a founding member of Kaya, emphasized the untapped potential of the Philippine startup ecosystem, which has been underlooked despite its GDP and population.
The firm aims to bridge the funding gap by providing capital to promising early-stage companies in the region and collaborating with notable investors and the Startup Venture Fund.
Kaya Founders’ commitment to nurturing the Philippine startup ecosystem is expected to contribute to the growth and success of early-stage companies in the region.
The firm’s portfolio currently consists of 44 startups across various sectors, with recent investments including Etaily and Locad.
To read the original article: https://www.techinasia.com/kaya-founders-doubles-down-on-filipino-startups-secures-18m
