Philippines Venture Capital Report 2024

Anthony Oundjian Julian Cua Riche Lim Kyla Badillo Franco Varona Jelmer Ikink Bea Mantecon Clara Elizalde

In 2023, the Philippines demonstrated its resilience amidst macroeconomic headwinds that challenged the international venture capital scene. The country experienced a comparatively modest decline in funds raised versus neighbouring countries, and witnessed its highest ever total yearly deals, with a noteworthy influx of international investors making their maiden investments into the Philippines.

How did the Philippines achieve such phenomenal growth and success, and what lies ahead for the country’s startup players?

In this year’s Philippine Venture Capital Report 2024, Boston Consulting Group and Foxmont Capital Partners explore the drivers behind deal activity in the Philippines in 2023, key players, as well as the next wave of opportunity for the Philippines’ startup landscape.