In 2021, there were seven startups with venture capital funds in the Philippines. The country currently has three startup unicorns, or those whose valuation amounted to one billion U.S. dollars - two of which were in the fintech industry. In the same year, the majority of funders who invested in startup unicorns in the Philippines were from the United States.
Number of startups with venture capital funds in the Philippines in 2020 and 2021
Characteristic
Number of startups
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ASEAN. (October 21, 2022). Number of startups with venture capital funds in the Philippines in 2020 and 2021 [Graph]. In Statista. Retrieved July 05, 2024, from https://www.statista.com/statistics/1342736/philippines-entities-with-venture-capital-funds/
ASEAN. "Number of startups with venture capital funds in the Philippines in 2020 and 2021." Chart. October 21, 2022. Statista. Accessed July 05, 2024. https://www.statista.com/statistics/1342736/philippines-entities-with-venture-capital-funds/
ASEAN. (2022). Number of startups with venture capital funds in the Philippines in 2020 and 2021. Statista. Statista Inc.. Accessed: July 05, 2024. https://www.statista.com/statistics/1342736/philippines-entities-with-venture-capital-funds/
ASEAN. "Number of Startups with Venture Capital Funds in The Philippines in 2020 and 2021." Statista, Statista Inc., 21 Oct 2022, https://www.statista.com/statistics/1342736/philippines-entities-with-venture-capital-funds/
ASEAN, Number of startups with venture capital funds in the Philippines in 2020 and 2021 Statista, https://www.statista.com/statistics/1342736/philippines-entities-with-venture-capital-funds/ (last visited July 05, 2024)
Number of startups with venture capital funds in the Philippines in 2020 and 2021 [Graph], ASEAN, October 21, 2022. [Online]. Available: https://www.statista.com/statistics/1342736/philippines-entities-with-venture-capital-funds/