Aboitiz Equity Ventures board chair backs $12m Series A in 3DSignals


The Israeli startup 3DSignals pioneers acoustics-AI for industrial machines.

Philippines: ADB, Kaizen PE invest $31.5m in Phinma’s education unit

Following the deal, ADB and the Indian PE firm will hold 20.28 per cent stake in Phinma Education.

PE firm AIGF invests in PH coworking space provider KMC Solutions

KMC said the undisclosed amount of investment from AIGF will help the company achieve its growth plan.

PH Digest: Coins.ph partners Western Union; Edukasyon buys FindUniversity

Coins.ph is a blockchain-enabled mobile wallet startup in the Philippines backed by Indonesia’s ride-hailing giant Go-Jek.

SG firm launches helicopter ride-sharing in Manila to beat traffic woes

Ascent Flights Global Pte is starting the service in the Philippines next week and plans to expand to Thailand, Indonesia and Malaysia by next year.

PH logistics startup Inteluck secures fresh funds from China’s FutureCap

The funding comes two years after the firm raised at least $1 million in a seed round led by Tokyo-based venture capital firm Infinity Ventures.

PH payments app Mynt mimics model of its 45% stake owner Ant Financial

Mynt is racing against ride-hailing services Grab and Tencent Holdings Ltd.-backed Voyager to tap a fledgling Philippine payments market.

Anhui Conch, Taiheiyo Cement among bidders for Holcim Philippines

Holcim Philippines Inc. has also attracted interest from China Resources Cement Holdings Ltd. and Hongshi Group Co.

Philippines rejects GOJEK’s appeal against ride-hailing licence ban

Go-Jek had hoped to take on Singapore-based Grab which is the dominant player in the Philippines ride-hailing sector.

PH insurtech startup Saphron raises $1m in seed funding

The startup has raised funding from fintech-focused venture capital firm Sage and venture lab Talino Labs.