The conglomerate's strategic fund will invest up to $10m in Southeast Asia-based companies at series A and B stage, and already has three portfolio companies.
Diversified Philippines-based conglomerate JG Summit Holdings has launched a $50m corporate venturing fund dubbed JG Digital Equity Ventures (JG DEV).
The fund will invest in startups located in Southeast Asia that can link up to JG Summit’s existing businesses, and is exploring opportunities in the consumer, new media, data, logistics, financial services and digital health sectors.
JG DEV will provide between $1m and $10m in funding per company and intends to invest at series A and B stage. Its portfolio…
