Philippines: Ayala launches $150m VC fund targeting tech innovations

Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala. Photo from company's Facebook page.

Philippine-listed conglomerate Ayala Corporation and its subsidiares are raising a new venture capital fund that will invest globally in new technologies, particularly in e-commerce, fintech, and healthtech, Chairman and CEO Jaime Augusto Zobel de Ayala said.

“We will be bolder and more deliberate in our venture capital strategy, seeding new ideas and disruptive businesses, and supporting forward-thinking entrepreneurs with scalable, innovative models,” Zobel de Ayala said at his speech during the company’s annual stockholders’ meeting.

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