MANILA -Local venture capital firm Kaya Founders recently raked in an additional $12 million in fresh funds to support technology startups in Southeast Asia at a time of accelerated shift to digital platforms. In total, the company is targeting to raise a total of $25 million so it can invest in preseed to Series A startups in the country and across the region. Kaya Founders, following the recent closing, now has $16.5 million of capital under management. 'The burgeoning tech scene in the Philippines is reminiscent of previous growth narratives seen in markets such as India in the 2000s and Indonesia over the past decade,' said managing general partner Paulo Campos, a former CEO of Zalora Philippines.

https://business.inquirer.net/405600/kaya-founders-raises-12m-in-fresh-funds

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