AHG Lab, a Philippine-based independent venture builder, has announced raising $4 million in its pre-Series A funding round to boost its operations in the country.
The round was backed by venture investors Seaborne Capital, Imagine If Partners, a US family office, and two Filipino family offices – the Rufino Family and David Leechiu.
The startup venture builder last raised $1.1 million in its seed round in 2021, anchored by Philippine-based early-stage venture capital investor Foxmont Capital Partners.
AHG Lab, established in 2020 by Patrick and Ryan Llamoso and Revianne Sesante, is one of the largest venture studios in the Philippines. Its portfolio includes B2B supplier Shoppable Business; tech-powered gym franchise GoGym; car-sharing marketplace DOON; GoGym, an expanding tech-powered affordable gym franchise; DOON, a novel car-sharing marketplace; and startup incubator Founders Launchpad.
“Beyond investments, we are composed of a team of former founders and operators that understand the power of community and the pain points that startups face and solve day-to-day,” said AHG Lab CEO Rene Cuartero.
The fresh capital aims to boost the venture builder’s operations and expand its venture portfolio.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put together a table listing prominent venture capital transactions in Southeast Asia for the week starting August 7, 2023.