Manila-based venture capital firm Foxmont Capital Partners plans to invest up to P4 billion in the Philippine startup ecosystem over the next few years as it positions itself to capture opportunities tied to global supply chains.
Having already deployed more than P1 billion since 2018, the firm is preparing to accelerate investments in agriculture, health technology, and heavy manufacturing in the near term.
Managing partner Franco Varona, quoted by the Manila Bulletin, announced the strategy on March 23, while also reaffirming continued support for consumer-focused startups as the country’s rising middle class drives demand for products and services such as cosmetics and fitness.
The investment push comes as the Philippine startup ecosystem posted strong fundraising performance.
Startups raised a record $1.5 billion in private capital last year, a 34% increase from $1.12 billion the previous year.
The growth was fueled by debt financing and larger equity deals, even as overall deal volume declined to 72 from 88.
Average deal sizes climbed to $20.8 million from $12.7 million, signaling a shift toward bigger transactions.
Fintech recorded the highest number of deals, while health technology emerged as the leading sector in total investment activity.
Foxmont, which is backed by local and foreign limited partners, currently holds investments in 44 companies across 14 industries. The firm also cited opportunities in the semiconductor space, noting in its 2026 Philippine Private Capital Report that continued investment and innovation could help the country maintain competitiveness and move up the value chain in the rapidly evolving global semiconductor landscape.
Varona said the firm’s strategy aims to deepen the Philippines’ integration into global supply chains while supporting startups that expand access to consumer services.
The planned expansion comes as the local startup ecosystem continues to mature, positioning Foxmont to back ventures with potential to scale.
READ MORE TECH NEWS.
