A new venture fund called Katalyst.ph has been incorporated in the Philippines and is gearing up to accelerate the local startups and businesses. Katalyst.ph, which will be focused solely on the domestic enterprise, currently has $1 million investment fund.
“Katalyst.ph’s attention is on the criteria if a company is based in the Philippines, or is it Filipino-owned or operated in some way. We focus on this because there are segments of the Philippine economy that are overrun by multinational subsidiaries, like in the BPO industry, agriculture, industrial foods, and many others, and Katalyst.ph wants to change that,” said Katalyst.ph founder and CEO Pinky Natividad.
Headquartered in Makati City, the management of this new venture fund believes that many of the fundamental issues faced by Philippine community — from clean water to access to stable power—can be addressed through entrepreneurship and innovation,
A certified public accountant and an active local, civic leader, Natividad said she chose to name the venture fund as Katalyst.ph since the goal is “to serve as a catalyst for business creations by working with individuals that fund and lend to startups.”
Aside from Natividad, Katalsyt.ph is also headed by two advisory board members, Joe Maristela and Jardine Gerodias.
Maristela had disclosed the plan for the new venture fund to DEALSTREETASIA last May. Its intended name then was Tadhana Ventures, which was later changed to Katalyst.ph.
Also read: New VC firm Tadhana Ventures to launch in PH
Maristela is the founder and COO of healthcare business process outsourcing (BPO) company Star Business Center in Makati City. He also sits as board member of the Bitcoin Organization of the Philippines.
Jardine, is the founder of Rebit.ph, a service of Satoshi Citadel Industries, a Philippine-based holdings company for Bitcoin-related ventures.
Natividad said that the fund aims to help a network of angel investors and venture capitalists to choose from the best possible lot (of startups) in Philippines.
“Investing in the Philippines means investing in Filipino-owned companies and startups. Katalyst.ph is the conduit. We are working with individuals that fund and lend to startups,” Natividad added, noting Katalyst.ph will be doing convertible debt deals and safe investments.