The founders of Kaya, a venture capital company based in the Philippines, today announced the successful closing of its last US $ 25 mingter fund for the Filipino generation driven in the Philippines and Southeast Asia. HELEDED BY FELLOW-CUSTSHER ANSE ANETER ANSE ANETHERS Capectos (Ex-CEO, ZALORA Philippines), Lisa Gokongwei-Cheng (CEO, Lazada Philippines), Kaya Founders are the most active Filipino VC Fund in the Philippines.
Its second fund follows the structure of a limited fund and includes “zero in one” seed fund “and” its “seed” one to ten “to provoke the fund. This limited two structure is designed to support the founders of the Idea category to reach growth. Investors in the fund include a diverse and strong meeting of local and international partners such as Singapore-based Pavilion Capital, Gabriel and Geldine Sunline of Boston-based the Hedge Fund Bracebridge Capital, in Chicago-based ancumis aqurity family partners and technology operators.Kaya previously announced its cooperation with local technology applications provider Amti in April 2023, acting as an anchor investor in the fund.
Founded in 2021, the founders of Kaya have built a portfolio of over 40 startups across multiple sectors including E-Commerce, Fintech, education, healthcare, agriculture and more. Negative investments include E-Commerce Enabler Etaily Locaid, a banking-as-aa-service netbank, and paymongo, one of the leading payment providers in the country backed by US Fintech Stripe. With this second fund, the founders of Kaya intend to go back 10 to 20 written across the Philippines and Southeast Asia in the next three years.
In line with its continued focus on innovation in financial inclusion and sustainability, Kaya’s founders have raised new capital this past year from Datung, Trotech, Lenderlink, and Sunfund. These companies represent a growing wave of entrepreneurs advancing access to finance, digitalization, and clean energy.
Kaya’s founders’ announcement of its final closure coincides with the signing of a memorandum of understanding (MOU) with the start-up fund of the National Development Company (NDC), the investment arm of the Philippine government. The partnership builds on Kaya’s appointment as an official SVF partnership partner and demonstrates the government’s continued commitment to deepening partnerships with the private sector. The strategic partnership aims to increase access to capital for Filipino Startups, Dispose of Innovation, Job Creation, and Inclusive Economic Growth.
The Firm sees a strong opportunity for early stage investment orders as the regional environment normalizes and the Philippines Start-Up Ecosystem continues to mature. With operational expertise and a deep conviction in the local market, Kaya is well positioned to offer investors access to the next generation of high growth companies and a quick entry point to the fast-paced story. The company believes these areas will define the next wave of category leaders and give its LPS one of the most compelling returns in the top ten.
“At Kaya, we have always believed in building the future we want to see. We are committed to creating,” said the founding managing partner of Paulo Campos.
