TNB Aura Plans $30M Investment in Philippine Startups Over Three Years

Southeast Asia-focused venture capital firm TNB Aura is set to invest approximately $30 million in Philippine startups over the next three years. The firm is optimistic about the growth of the country’s startup ecosystem, anticipating it will catch up with more established markets.

TNB Aura co-founder and managing partner Vicknesh Pillay stated that the firm aims to allocate around 20% of its latest fund towards Philippine ventures. “We really like the patterns emerging in the Philippines, so we are excited to play a bigger part here,” he said.

David Bonifacio, managing partner and head of the Philippines, expressed confidence in the country’s growth potential, highlighting opportunities in healthcare, financial services, and education. TNB Aura is sector-agnostic, investing in startups with the potential for future-defining growth. Its portfolio already includes Philippine-based companies like AcadArena and Salmon Group.

Bonifacio emphasized that the country’s young demographic and growing entrepreneurial culture are key drivers of optimism. The firm is particularly interested in partnering with founders who can create impactful businesses addressing the nation’s various challenges.

TNB Aura has also partnered with GMA Ventures Inc., the investment arm of GMA Network Inc., to co-invest in promising startups. Both parties plan to collaborate on more deals in the coming years, leveraging their networks to support local founders.