Gobi-Core Philippine Fund

2024 has been a year of opportunity, milestones, and growth for Gobi-Core Philippine Fund. As the Philippine startup ecosystem evolves, so does the commitment to backing high-growth companies shaping the region. Some of the highlights from 2024 include: 1️⃣ Two new companies—Humble Sustainability ♻️ and ProCredit Financing Corp 💰—joined the portfolio. 2️⃣ 80% of Philippine companies have achieved valuation uplifts to-date. 3️⃣ 52% YoY revenue growth across portfolio companies 4️⃣ Startup learning tour with National Development Company facilitated knowledge exchange and potential collaboration with the Malaysian startup ecosystem. Gobi-Core Philippine Fund has been at the forefront of this shift, actively backing the next generation of Philippine startups. The country’s strong entrepreneurial talent, increasing investment activity, and rapidly expanding digital economy set the stage for it to become the region’s next breakout market. With #AI, #deeptech, and disruptive innovation evolving rapidly, 2025 is set to be another groundbreaking year. Our gratitude extends to our partners, investors, startups and government agencies for collaborating with the Philippines’ nation-building effort. Department of Information and Communications Technology | Undersecretary Emmy Lou Versoza-Delfin | Undersecretary Jocelle Batapa-Sigue Department of Science and Technology | ISA Steering Committee Chair and Undersecretary Dra. Leah Buendia | Chief Technology Transfer Officer Russell Pili | Senior Engineer Edward Paul Apigo Department of Trade and Industry | Secretary Maria Christina Aldeguer-Roque | Board of Investments Managing Head and Undersecretary Ceferino 'Perry' Rodolfo National Development Company | General Manager Saturnino Mejia | Assistant General Manager Alewijn Aidan Ong, MBA | Corporate Executive Officer Jerahmeel Chen Edukasyon.ph | Kumu | CloudEats | FlowerStore Group, Potico.co.th, Potico.vn | Etaily | Tier One Entertainment | RISE Internet | Maria Health | Humble Sustainability | ProCredit Financing Corp Gobi Partners | Andrew Jason Gaisano | Ken Ngo | Carlo Chen-Delantar | Sophia “Phoebe” Fontanilla | Justine Ngo | Niccolo Vittorio Almario #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital #Philippines #ShowcasingPhilippinesToTheWorld #2024Wrapped

Be part of the 2025 Philippine Blockchain Ecosystem Map! 💻 The 2025 Philippine Blockchain Ecosystem Map is coming, and we want YOU to be a part of it! It will be featured in the Philippine Blockchain Report and will highlight the key players shaping the country’s blockchain landscape. If your organization is involved in the Philippine blockchain ecosystem, submit your logo and details to be featured in this initiative! 📌 Submit here: https://lnkd.in/gxf5pC7Q  📅 Deadline: February 28, 2025 Spread the word and tag your friends in the blockchain space—let’s build this ecosystem together! 🇵🇭 🔗💡 Blockchain Council of the Philippines | Gorriceta Africa Cauton & Saavedra | GorricetaLaw

#PortfolioNews After nearly 5 years of operations, Etaily has reached US$ 100 million in annual recurring revenue! Over the years, #ecommerce in the Philippines has grown, driven by the rising purchasing power of the middle class, a large and youthful consumer base, and the country’s high internet penetration rate. Last year, the total e-commerce value in the Philippines reached US$ 28 billion, with projections indicating it will expand to US$ 40.5 billion by 2027. After their recent expansion to Singapore, the company plans to enter other Southeast Asian markets using an “online-first, offline-to-follow” strategy. Read more about their milestone here: https://lnkd.in/gsQE5AZm #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital #Philippines Alexander F.

This gathering hosted its different offices across #SoutheastAsia, #China, #Korea, and #Japan, highlighting Gobi's commitment to fostering collaboration across diverse markets. As Gobi continues to expand its presence in Asia, the firm remains committed to fostering innovation without boundaries, investing in one emerging market at a time. Read more about Southeast Asia’s growing sectors here: https://lnkd.in/gBrxZggV #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital #Philippines Carlo Chen-Delantar Sophia “Phoebe” Fontanilla

The #Philippines and #Malaysia may differ in size, but both are proving to be dynamic players in Southeast Asia’s startup landscape. While Malaysia’s ecosystem thrives on strong government-backed initiatives, the Philippines shows similar signs of growth, with a rising wave of entrepreneurship and private sector participation. 🌏 Youth-driven innovation fuels both ecosystems. Malaysia’s education programs equip young founders with the skills to build scalable ventures, while the Philippines benefits from a younger, highly adaptable talent pool with a median age of 25.7. Both rank high in early-stage entrepreneurial activity, highlighting a strong culture of innovation. 🌏Malaysia de-risks early-stage funding through government-backed programs like Khazanah Nasional Berhad’s sovereign wealth fund and Cradle Fund’s early-stage support. Meanwhile, the Philippines sees growing investor interest, a rise in privately-backed accelerators, and momentum toward a structured support system with the implementation of the Innovative Startup Act. 🌏 Aside from funding, the Malaysian startup ecosystem is supported by strategic programs like the KL20 Summit, where top decision-makers gather to shape the country’s startup roadmap. Similarly, initiatives like Philippine Startup Week bring together key stakeholders to drive dialogue and collaboration, but further institutional support and long-term planning can strengthen the Philippines’ position as a rising startup hub in the region. For the Philippines, the lesson is clear: increasing government funding and implementing startup-friendly policies like the startup tax and visa will drive investor confidence, attract global talent, and unlock the full potential of Filipino entrepreneurship. How does the Philippines compare in #ASEAN? Download our latest report: https://lnkd.in/gPbAeE64 Check out the Philippine Startup Database to explore the local ecosystem: https://lnkd.in/gZ-RzEa6 #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital

#PortfolioNews Tier One Entertainment partners with PlanetX, a mobile extraction shooter game! Web3 gaming continues to make waves in #esports. Southeast Asia is rapidly emerging as a global hub for blockchain gaming, driven by its young and digital savvy population. This sector is projected to grow from US$14.80 billion in 2024 to US$14.93 billion by 2029, reinforcing the region as a dominant player in the space. This partnership will be the next step in merging blockchain-powered gaming with top-tier esports talent. #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital #Philippines Tryke Gutierrez | Brian Lim

This #ValentinesDay, love is in the air with FlowerStore Group! 💌 Use LOVE for a chance to win a brand-new car, P500,000, and other prizes! 💰 Use GOBI20 to get 20% OFF (up to P200) on all your orders! Shop now at flwr.ph/earlyvd 💐

Gobi Partners’ journey through 2024 has been nothing short of transformative, marking another year of milestones across Asia. The Philippines has played a crucial role in this momentum, further establishing itself as a strategic market for Southeast Asia. Check out how Gobi Partners’ 2024 highlights set the stage for an even bigger 2025! 🎇 #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital #Philippines #2024Wrapped

This Lunar New Year, we welcome the Year of the Snake! Wishing everyone prosperity, success, and new beginnings! 🧧🎉 Happy Chinese New Year from all of us at the Gobi-Core Philippine Fund! #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital #Philippines

Through the years, Gobi has traveled across Asia to witness the developments in various ecosystems, recognizing its promising prospects, especially in the ASEAN+3 (ASEAN + China, Japan, and Korea) region. This vibrant spot has become a cradle for innovations in emerging and deep technologies like robotics, AI, and biomedical technology–all of which can be a jump off point for Southeast Asian countries to learn from and provide support to. For many countries in ASEAN+3, government support has played a crucial part in growing their tech ecosystem. Last January 16, Head of ESG and Circular Economy and Partner Carlo Chen-Delantar presented a talk during the ASEAN+3 Startup Program for Promoting Sustainable Development Symposium, organized by the ASEM SMEs Eco-Innovation Center (ASEIC), Ministry of SMEs and Startups, Republic of Korea, and ASEAN Plus Three. The Philippine delegation for the event was well-represented by Asec. Leni Baluyot of Department of Trade and Industry, April Ong Vaño of Quest Ventures, RJ Balmater of Saison Capital, and Ryan Corpuz of Nanolabs LRC Co. Ltd. The presentation on Startup Support Cases in the ASEAN+3 region discussed how South Korea's Korea Venture Investment Corporation and Y&ARCHER, which have funded multiple startups, have greatly contributed to their ecosystem growth and competitiveness. Moreover, events such as Malaysia's KL20 Summit and Singapore's Singapore Week of Innovation and Technology (SWITCH) have become key platforms, connecting startups, innovators, and investors worldwide, driving local and global collaboration. Exploring ASEAN+3 ecosystems and their various strengths highlights ASEAN’s rise as the heartbeat of Asia in the Intelligent Age. With continued groundbreaking innovations and a supportive ecosystem for entrepreneurship to thrive, the future of these ecosystems looks even brighter. Want to know more about how each ASEAN ecosystem compares to one another? Read our latest report here: https://lnkd.in/gPbAeE64 #GobiCorePhilippines #GobiPartners #Innovation #VentureCapital #Philippines #ASEANPlusThree