Philippine-based venture capital firm Future Now Ventures has decided to build an ecosystem that will bring all its partnering tech startups together.
Focused on companies that specialise in the cloud, mobile and enterprise technologies and services, Future Now has invested in 12 startups and continues to search for more. “Future Now Ventures believes that building an ecosystem will be of paramount importance for the success of all our partner companies. In this ecosystem they will be able to share their talent pool and expertise,” said Future Now director of marketing and communications Lani De Leon.
She said that all their future partners will be able to avail this ecosystem that, in turn, will allow them to pool their expertise and resources into compelling comprehensive packages.
“The cooperation between Future Now companies will allow each company to realize their full potential and open bigger and better opportunities that they would unlikely attain on their own,” De Leon said.
Among its 12 startup partners are LikeJobs, Four Eyes, Rollbase Philippines, TSA Group, Cloud Sherpas Incorporated, BillingPlatform.com, AllFamous Digital, Skedulo, P3ople4u, Kalibrr, Seven Scent, and AutoDeal.
De Leon said the rising internet penetration and smartphone adoption rates in the country are opening up new opportunities for businesses.
“The Philippines is fast becoming one of the world’s hotbeds for technology startups. The country’s strong economic progress and vast pool of undiscovered talent is making it an ideal environment for new businesses in technology to take root,” De Leon added.