Philippine venture builder raises $4 million from Pre-Series A funding round

MANILA – AHG Lab, an independent venture builder based in the Philippines, raised $4 million from Pre-Series A funding round aimed at fueling its growth, its portfolio of ventures and programs and the wider startup ecosystem.AHG Lab chief executive Rene Cuartero revealed the ambitious plan on the closing of the investment round.

AHG Lab has worked and believes in fostering an agile environment and a supportive community of founders and leaders, encouraging collaboration in addressing business challenges, seeking partnerships and acquiring customers, he said. “We’ve tapped an investor base that believes in the potential of the Philippines. They recognize the Philippines’ strong uptrending macros, our mobile-intensive demographic, and with local solutions’ potential for quick expansion due to our English-speaking population,” said Cuartero.

VC and investment funds from the US also participated in the round including Seaborne Capital and Imagine If Partners. A network of Filipino, American and European angels also participated.

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