PH startup Kalibrr raises $2m in funding round led by Y-Combinator

Brand logo of Kalibrr (from the social media page of the company)

In the largest financing deal for a local tech startup, Philippine-based software startup Kalibrr has raised P89.5 million ($2 million) in a funding round, led by US venture capital firm Y-Combinator.

Backed by the Silicon Valley VC, Kalibrr said that 75 per cent of the fund came from foreign-based investors, while 25 per cent was from local investment company Kickstart Ventures Inc, a subsidiary of Philippine telco giant Globe Telecom.

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