New US$50 million venture fund launches in the Philippines

The venture arm provides a new avenue for a corporate that counts Sea Group as a notable portfolio company JG Summit Holdings, a large conglomerate in the Philippines, has launched a US$50 million fund to target startups that operate in sectors similar to its current holdings, according to Esquire. Called JG Digital Equity Ventures (JG […] The post New US$50 million venture fund launches in the Philippines appeared first on e27.


10 May, 2019E27.CO

BEAM - New US$50 million venture fund launches in the Philippines | BEAM

The venture arm provides a new avenue for a corporate that counts Sea Group as a notable portfolio company

JG Summit Holdings, a large conglomerate in the Philippines, has launched a US$50 million fund to target startups that operate in sectors similar to its current holdings, according to Esquire.

Called JG Digital Equity Ventures (JG DEV) the venture fund is part of an effort to “build new businesses beyond its core”. It wants to invest in companies that will either supplement or disrupt its current holdings....

This article can only be viewed by registered members. Please log in to view it.

Be Part of this Story


More Stories


Skillenza, India’s answer to Triplebyte, raises US$1M in Pre-Series A funding round

Google rethinks navigation with launch of ‘Portals’ on Chrome Canary

Top tech news, May 16: Vertex raises US$230M for new Southeast Asia fund

Europe is still in the shadow from an Asian startup point of view: Ubisoft’s Catherine Seys

Week-in-Review: Apple has a Supreme headache and Bitcoin bites back