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.
