Philippine startups raise over $1B in 2022, under-US$5M deals dominate

Philippine startups raised over US$1 billion in investments in 2022 for the second consecutive year amidst a slowing economy, according to a report released by local VC firm Foxmont Capital. This marks a seven per cent rise over the total investments in 2021. In comparison, worldwide VC investments shrunk by 37 per cent in 2022, with […] The post Philippine startups raise over $1B in 2022, under-US$5M deals dominate appeared first on e27.