Voyager Innovations, a digital technology spinoff from telecommunications firm PLDT, is set to raise $175m in a round co-led by Tencent and KKR.
Internet group Tencent and investment KKR agreed yesterday to jointly lead an investment of up to $175m in Voyager Innovations, the fintech subsidiary of Philippines-based telecommunications provider PLDT.
KKR will participate through its KKR Asian Fund III, and the deal is expected to close in the fourth quarter of 2018. Other investors may join the round, which would reduce PLDT’s shareholding in Voyager to less than 50% but allow the corporate to retain the largest single stake.
Voyager Innovations operates…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
