Internet firm Transcelestial scores $2m from PH’s Kickstart Ventures and other SE Asia deals

Weekly deal monitors that capture prominent venture capital transactions in Southeast Asia, Greater China, and India.

Transcelestial, a Singapore-headquartered Wavemaker-backed global internet connectivity provider, has secured a $2-million strategic investment from Philippine-based venture capital firm Kickstart Ventures.

The investment also marks Transcelestial’s entry into the Philippines, a country with an Internet penetration of 67 per cent but with an average download speed of only 50 per cent of the world average on mobile.

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