Filipino real estate to financial services company Ayala Corp. has launched a new venture capital fund with about $150 million in capital commitment.
Ayala is planning to commit the fund in new technologies worldwide that could complement its business activities.
With the latest fund, the company aims to focus on startups in the early growth stage and support technology innovations in data and analytics.
More so, Ayala, via the new fund, will also invest in machine learning, artificial intelligence, cloud computing, financial technology, automation, real estate, retail, transport, energy, water, health and wellness, and food.