Venture capital firm Foxmont Capital Partners is planning to invest up to ₱4 billion in Philippine startups, a move seen to accelerate innovation and deepen the country’s growing pool of private capital.
The planned investment, discussed during a mid-March meeting with Finance Secretary Frederick D. Go, underscores increasing investor confidence in the Philippines’ tech-driven growth story and its long-term economic fundamentals.
The Department of Finance (DOF) said the capital infusion is expected to expand access to funding for high-growth startups, enabling them to scale operations, generate jobs, and deliver more competitive products and services.
“Foxmont’s continued engagement with Philippine startups reflects strong confidence in the country’s long-term fundamentals and policies. Their investment will help our startups scale, strengthen Filipino talent, foster innovation, and build agile enterprises that deliver more accessible products and services to Filipinos,” Secretary Frederick Go said.
Foxmont, a Philippines-focused venture capital firm, is doubling down on the local ecosystem as momentum builds. The country’s startup sector attracted $1.5 billion in private capital in 2025, a 34% increase from the previous record of $1.12 billion, signaling stronger investor appetite for technology-enabled enterprises.
The firm is currently raising its third fund and aims to expand investments in companies addressing real market needs while driving inclusive growth.
“Foxmont’s planned investments into the Philippines reflect our continued conviction in Philippine companies that can drive productivity, scale efficiently, and compete in higher-value sectors. We see strong opportunities to work alongside partners across government and the broader ecosystem to deepen private capital’s impact on the economy,” said Foxmont Managing Partner Franco Varona.
Since 2018, Foxmont has deployed over ₱1 billion across two funds, backing startups in fintech, e-commerce, and digital platforms.
Despite recent gains, Foxmont noted that private capital in the Philippines still accounts for only 0.3% of GDP, leaving significant room for expansion. Its latest investment plan signals confidence that the country can further position itself as a competitive player in the global startup landscape.
The DOF, for its part, reaffirmed support for initiatives that attract venture capital and scale innovation-driven enterprises, viewing private capital as a key driver of job creation and long-term economic growth.