Rappler Receives Investment from Omidyar Network
Rappler, a Pasig City, Philippines-based social news network, received an investment from Omidyar Network.
Philippines
Coins Raises US$5M in Series A Funding
Coins, a digital payments and blockchain startup, raised US$5m in Series A funding.
TPG Growth to Acquire 40% Stake in One Network Bank from BDO
TPG Growth, the middle market and growth equity investment platform of TPG, is to buy a 40% stake in One Network Bank (ONB), a Davao-based rural bank subsidiary of BDO Unibank, Inc.. Based in Makati, Philippines, BDO is a full-service universal bank that provides a wide range of corporate and retail banking services, including traditional […]
Matrixx Software Receives Investment from PLDT Capital
Matrixx Software, a Mountain View, CA-based provider of a real-time digital commerce platform, received an investment from PLDT Capital.
ZipMatch Closes $2.5M Series A Funding Round
ZipMatch, a Bonifacio Global City, Metro Manila, Philippines-based real estate marketplace, closed a $2.5m Series A round. The round was led by Singapore-based venture capital firm Monk’s Hill Ventures with participation from existing investors 500 Startups. The company intends to use the funds to recruit staff and experts in real estate, computer programming, content creation, […]
foodpanda Acquires 8 Competitors in Asia and Middle East
Global online food delivery marketplace Foodpanda acquired 8 competitors to expands its leadership in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, Thailand, and in Middle East. It acquired: – JUST EAT India in India (which follows the purchase of TastyKhana in November), – Food Runner, in Malaysia, Philippines, and Singapore, – EatOye in Pakistan, – […]
CashCashPinoy Raises $2M in Funding
CashCashPinoy, a Manila-based e-commerce company, raised $2m in funding. Hera Capital made the investment. The company intends to use the funds to further improve the mobile and tablet user experience. Led by Frederic Levy, founder and CEO, CashCashPinoy is an e-commerce company for Filipino consumers to find deals via a mobile experience. It works via […]
Rocket Internet Receives €333M Investment from Philippine Long Distance Telephone Company
Rocket Internet AG, the Berlin, Germany-based Internet startup incubator, received a €333m investment from Philippine Long Distance Telephone Company (PLDT) (PSE:TEL) (NYSE:PHI), a Philippines-based telecoms operator. Under the terms of the partnership agreement, PLDT will acquire a 10% stake in Rocket in new shares. It will hold the right to appoint one member of Rocket’s […]
ZipMatch Raises Seed Funding
ZipMatch, a Manila, Philippines-based company which provides solutions for the real estate industry, raised its first seed round. The round – of undisclosed amount – was led by IMJ Fenox with participation from 500 Startups, IdeaSpace, and Hatchd Digital. The company intends to use the funds to roll out its solutions on a larger scale. […]
Startup Labs Goes to Philippines
Startup Labs, a global co-investment program for tech startups that focuses on emerging markets, is going to Manila, Philippines, in February. Investment partners including IdeaSpace, Siemer & Associates, ICCP Venture Partners and local angels will be listening to startups’ pitches in Manila to explore opportunities. The deadline for registering (here) for the Philippine program is […]
Lenddo Closes $8M in Series A Funding
Lenddo, an online community that empowers the emerging middle class to use their online social connections to build their creditworthiness and access local financial services, has closed an $8m Series A funding.
Elevar Raises US$70M Equity Fund
Investment management company Elevar has raised a $70m equity fund to invest in growth companies expanding the reach of microfinance and other essential services to the 4bn underserved people at the base of the economic pyramid in countries like India, Mexico, the Philippines and Peru. Elevar Equity II is the second poverty focused fund managed […]