At least seven regional venture capital firms entered the Philippines in 2022, validating the ripeness of the local startup ecosystem, according to a report jointly released by early-stage VC Foxmont Capital Partners and Boston Consulting Group.
According to the Philippine Venture Capital Report 2023, Do Ventures, Reefknot Investments, Alpha JWC Ventures, East Ventures, TNB Aura, Quest Ventures, and January Capital explored the country’s potential by investing in local startups for the first time last year.