500 Startups Plans to Start Philippine Fund in 2017
- Philippines would be third micro fund in Southeast Asia
- Venture investor seeking more early-stage startups in Asia
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500 Startups is likely to debut a fund dedicated for the Philippines in 2017 to back more promising local startups, following its success with mClinica, a health-and-drug information network that connects doctors, patients and pharmacies.
The micro fund would be the venture investor’s third in Southeast Asia, following the debut of $10 million funds for Thailand and Vietnam. 500 Startups has already invested in about 10 ventures in the Philippines.