Philippines: 500 Startups, others back modular home firm Revolution Precrafted in $15.4m round


“They didn’t need venture capital. This is a deal we had to fight to get into.” – Khailee Ng, Managing Partner, 500 Startups

Philippine SMEs becoming startup investors, says IdeaSpace

Technology startup incubator and accelerator IdeaSpace Foundation has observed a new investment trend in the Philippines — that of small and medium-size enterprises (SMEs) becoming startup investors. IdeaSpace president Earl Valencia said there are a number of SMEs who are mulling an investment in startups, as an extension of their revenue source…. Read more »

ZipMatch to finish 3rd funding round, starts PH expansion

Online real estate startup ZipMatch said it is nearing the completion of its third round of funding. This was a follow up to its P24.4 million ($550,000) seed round from various investors; the company has already raised a total of P44.5 million ($1 million) seed fund since its founding in 2012…. Read more »