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§ Venture Capital · USA
Venture capital firm investing in early-stage technology startups in the Philippines, focused on seed and Series A.
Foxmont Capital Partners is a venture capital firm based in Makati, Philippines, that primarily invests in early-stage regional technology startups. The firm focuses exclusively on seed and Series A equity funding rounds to provide initial capital for Filipino entrepreneurs building technology enterprises across diverse economic sectors throughout the country. The organization currently manages two fully closed venture capital funds, has a third investment fund actively in the market, and leverages over 180 years of combined team experience. Its active investment portfolio currently consists of six distinct companies, featuring recognizable technology startups such as the e-commerce enabler Etaily, parenting platform edamama, beverage chain Pickup Coffee, and social media application Kumu. Regional investment operations are currently directed by managing partners Franco Varona and Jelmer Ikink for the venture organization, which was officially founded in 2018.
Key people at Foxmont Capital Partners.
Foxmont Capital Partners is the first independent venture capital firm in the Philippines, dedicated to fueling the growth of Filipino-founded and Filipino-focused technology startups. Their mission centers on improving the quality of life for Filipinos through innovation, investing not just capital but also deep operational expertise and strategic networks. The firm’s investment philosophy prioritizes early-stage companies with scalable business models, strong management teams, and the potential to drive digital transformation in the Philippines. Foxmont’s key sectors include fintech, edtech, AI, health tech, and other technology-driven industries. Their impact on the startup ecosystem is significant: they have catalyzed startups to raise over 20 times more in subsequent funding rounds, and their portfolio companies have a graduation rate that exceeds the industry average, making Foxmont a cornerstone of the country’s burgeoning tech scene.
Founded with the vision of building a homegrown venture capital engine for the Philippines, Foxmont Capital Partners emerged as a response to the lack of experienced, independent VC support for local entrepreneurs. The firm was established by a team of seasoned investors and operators, many of whom have backgrounds at leading global institutions such as MicroSourcing, FMO, and Deutsche Bank. Over time, Foxmont has evolved from a local player into a regional leader, expanding its reach and influence while maintaining a sharp focus on the Philippine market. Their early investments laid the groundwork for a robust portfolio and a reputation for hands-on support, helping startups navigate critical growth phases and attract further international interest.
Foxmont Capital Partners is riding the wave of digital transformation in Southeast Asia, particularly in the Philippines, where rapid urbanization, increasing internet penetration, and a young, tech-savvy population are driving demand for innovative solutions. The timing is crucial, as the region’s startup ecosystem is maturing and attracting global attention. Foxmont’s focus on early-stage, scalable technology startups positions them at the forefront of this trend, enabling them to shape the future of the Philippine tech landscape. Their influence extends beyond individual companies, as they help set standards for venture capital best practices and foster a culture of innovation and collaboration within the ecosystem.
Foxmont Capital Partners is poised to continue its leadership role in the Philippine startup ecosystem, with a growing portfolio and expanding network. As the region’s tech sector matures, Foxmont’s emphasis on operational expertise and strategic partnerships will become even more valuable. The firm is well-positioned to capitalize on emerging trends in fintech, edtech, and AI, and their influence is likely to extend beyond the Philippines, shaping the broader Southeast Asian venture capital landscape. Their journey reflects the power of homegrown innovation and the potential for local firms to drive global change.
Key people at Foxmont Capital Partners.
Foxmont Capital Partners has 26 tracked investments across 24 companies. The latest tracked deal is $7.0M Series A in Nibertex in September 2025.