Hello, Manila! Early growth capital firm Foxmont Capital Partners announced the first close of its third fund at $30M.
LP check. Two investors, Dutch Good Growth Fund (DGGF) and Grab Holdings Inc., joined the first close, with DGGF serving as the anchor investor.
🔮 The vision
Fund III will deploy up to 8 high-conviction deals annually.
New fund, new moves. With Fund III, Foxmont can invest in later-stage businesses. Fund I and II seeded the early ecosystem, but Fund III is projected to grow and nurture the local startup scene.
🇵🇭 PH, represent!
According to Foxmont’s 2025 Philippine Venture Capital Report, the Philippines commands 19% of SEA funding, up from 2% in 2021.
Zoom out. The Philippines comprises 20% of the region’s population, but only captured 13% of the region’s funding in the last three years.
Foxmont’s footprint. Launched in 2018, Foxmont has invested in startups like etaily (Series A), edamama (Series A+), and HelixPay (acquired).
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