500 global, 917ventures, news, philippines, venture capital

500 Global, a global venture capital firm, hosted Demo Day on January 18 in collaboration with the Philippines’ corporate venture builder 917Ventures, marking the culmination of a ten-week virtual accelerator program designed to scale ten 917Ventures portfolio companies.

Held at the Bonifacio Global City in Taguig, Philippines, Demo Day showcased ten of the country’s startups with exciting potential across e-commerce, fintech, marketplace, data, edutech, business to business (B2B) software as a service (SaaS), media and entertainment.

They presented to a diverse audience of ecosystem stakeholders, industry leaders and government officials, with the potential for partnership opportunities with the Globe Group, the Philippines’ top digital solutions platform, and the Ayala Corp, one of the Philippines’ largest conglomerates.

Coached by 500 Global’s network of world-class mentors, the companies underwent training to create sustainable growth marketing strategies and build solid foundations to help them build their next stage of growth.

“We are excited to see what’s next for our portfolio companies that took part in this accelerator program. We have no doubt the 500 Global program will serve as fuel that will drive our portfolio companies to success,” said Vince Yamat, 917Ventures Managing Director.

The following are the 917Ventures portfolio companies that took part in the accelerator program: ● Rappit: premium grocery app that promises more efficient deliveries and a better shopping experience. ● FundSpace: loan platform that offers SMEs various financing options which cater to their exact needs, dependent on their financial health, cash flow patterns, and growth potential. ● Carsada: used car marketplace that revolutionizes the customer's experience in buying used cars. ● EdVenture: online learning platform that provides virtual one-on-one and personalized tutorials for students from preschool to Grade 10. The platform connects vetted, accredited tutors to students across the Philippines for subjects such as Math, Reading, and Science. ● KodeGo: transforms beginners and career shifters into highly-skilled professionals by providing them with education and training in various technologies. ● Housify: property marketplace that simplifies and speeds up the customer's home-buying cycle, from search to turnover and moving in. ● RUSH: eCommerce and loyalty SaaS on a mission to bring businesses closer to their customers. ● MemoApp: all-in-one tool for memo tracking and approval requests. ● Capitan: aims to be the growth and enablement partner of MSMEs, guiding them in every step of their digital transformation so that they may survive and thrive in the digital economy
● PiE (Pinoy Interactive Entertainment): the newest interactive channel in the Philippines from Kroma Entertainment and ABS-CBN.

500 Global is a venture capital firm with $2.7 billion in assets under management that invests in founders building fast-growing technology companies.

The firm focuses on markets where technology, innovation, and capital can unlock long-term value and drive economic growth.

It works closely with key stakeholders and advise governments on how best to support entrepreneurial ecosystems so startups can thrive.

500 Global has backed over 5,000 founders representing more than 2,700 companies operating in 81 countries.

The firm has invested in 49 companies valued at over $1 billion and 150+ companies valued at over $100 million (including private, public, and exited companies).

Its 180+ team members are located in 27 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.

917Ventures is the Philippines’ largest corporate venture builder that ideates, launches, accelerates, and scales new businesses that uplift the lives of Filipinos.

Delivering indelible value to the Philippines and beyond, 917Ventures leverages the rich asset base of the Globe Group and Ayala Corporation.

917Ventures’ portfolio companies include some of the country’s most distinguished tech solutions, including double unicorn GCash, telehealth provider KonsultaMD, and digital health platform HealthNow.


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