Startups in the Philippines could raise $2b over the next three years

Mandaluyong, Philippines. Photo by Eugenio Pastoral on Unsplash

The Philippines startup ecosystem continues to show signs of heating up and Gobi-Core Philippines Fund expects local startups to raise up to $2 billion over the next three years, more than the total amount raised in the last five years.

Gobi-Core Philippine Fund is a $10-million fund launched by global venture capital firm Gobi Partners and local venture investor Core Capital in 2018 to support seed-stage and pre-Series A startups in the Philippines.

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