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Southeast Asia-focused venture capital firm TNB Aura is looking to invest some $30 million in Philippine startups in the next three years, banking on the continued emergence of the country’s ecosystem moving forward.This, as the company expects the Philippines to catch up with more developed markets.“To be frank, as TNB Aura, we want to allocate out of our latest fund which just launched, we plan to allocate a good 20% of our fund towards Philippines.
We’ll look at anything. Education, we’re heavy investors in the education space in other countries, so if we can help bring that solution here, that’d be great,” he added.PH marketDriving the optimism, Bonifacio said, is that while the Philippine market is still in its early stages, the country has a very young demographic which will spur more founders and in turn, boost and improve the ecosystem.
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