Kaya Founders, a Manila-based venture capital firm, has secured an initial funding close of $12 million across two new funds. The funding includes investment from the Gokongwei family, institutional investors, family offices, high-net-worth individuals, and prominent entrepreneurs. With a total committed capital of $16.5 million, Kaya Founders aims to reach $25 million for the two funds. The firm specializes in the pre-seed stage through its Zero to One Fund, supporting ventures from Day 0. Additionally, the One to Ten Fund will focus on more mature opportunities ranging from seed to Series A. Kaya Founders plans to invest between $150,000 and $500,000 in various sectors, including direct-to-consumer e-commerce, business-to-business marketplaces, future of work, climate technology, and generative artificial intelligence. The company will nurture startups across Southeast Asia, particularly in its home country, the Philippines. Founded in 2021, Kaya Founders has already built a diverse portfolio of thirty-one companies, including notable names like Etaily, Advance, and Peddlr.
Summary: Manila-based venture capital firm, Kaya Founders, has secured an initial funding close of $12 million for two new funds. The investment comes from the Gokongwei family and other notable entities, bringing the firm's total committed capital to $16.5 million. Kaya Founders focuses on the pre-seed and early-stage investment stages, supporting startups from Day 0 to Series A. With a diverse portfolio of thirty-one companies, they aim to nurture technology-enabled startups in Southeast Asia, particularly in the Philippines.