Globe’s 917Ventures invests in three Philippines startups

Visual from Pixabay

917Ventures, the corporate venture builder arm of Philippines-listed Globe Telecom Inc, announced investing a total of 7.5 million pesos ($150,000) into three local startups — Fanlife, KodeGo, and BentaTV. According to the statement, each of the startups will receive 2.5 million pesos ($50,000) in initial funding.

Fanlife is an online community for K-culture fans while KodeGo is an IT skills training provider for increased employability. The two startups were part of the first batch that joined 917Ventures’ Velocity Bootcamp last December.

Velocity is a three-month boot camp that brings external talent and ideas to 917Ventures to help it identify ventures with growth levers and network advantage of operating within 917Ventures and Globe, the company said.

Fanlife brings K-culture fans closer to K-Pop or K-Drama through exclusive experiences such as virtual concerts and live streams, and official merchandise.

Meanwhile, KodeGo, is an online bootcamp for those who would like to learn or improve in various areas of IT to help them land the right jobs. The startup offers a “learn now, pay later” model to keep the financial stress away from the students.

The third startup, BentaTV, came from 917Ventures’ internal Venture Builder programme. BentaTV founder Gio Tantoco said the startup provides a platform that simplifies live-selling and social media selling processes for informal merchants who are non-tech savvy.

“We envisioned BentaTV to make it smoother for these sellers to make the transition,” said Tantoco.

917Ventures’ portfolio companies include AdSpark, a data-driven advertising agency in the Philippines; e-wallet firm GCash; primary care provider HealthNow; telehealth company KonsultaMD; online grocery shopping platform PureGo; and SaaS provider Rush.

“We are happy to find ideas that are aligned with our vision of improving the digital lifestyle of Filipinos and helping solve social issues through technology,” said 917Ventures managing director Vince Yamat.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.