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The deal will bump up Okada’s enterprise value to $2.6 billion and equity value to $2.5 billion.
The largest casino resort in the country is going public—on the Nasdaq Stock Market in New York City. Okada Manila is owned by Universal Entertainment, a Japanese company known for selling pachislot and pachinko machines. Okada is the company’s main venture into the ...
 
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Esports company bags investment capital.
Gamers, rejoice. Even more investments are flowing into the esports industry. Homegrown gaming hub Mineski Global just bagged a $10.6 million (equivalent to about P528 million) investment in its Series A funding round. The venture capital and investment firms that participated in the ...
 
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It's a one-stop shop...to build a shop.
Prosperna is the latest Filipino startup to attract investors, raising $555,000 (or P27.7 million) in a seed funding round led by venture capital firm Foxmont Capital Partners, a local VC that invests solely in Filipino startups. TechInAsia was the first to report ...
 
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It's with the SEC now.
Tycoon Manny Villar’s grocery subsidiary AllDay Mart Inc. has filed its P6 billion initial public offering prospectus to the Securities and Exchanges Commission. The Villar-owned supermarket chain will be offering up to 6,857,143,000 common shares of up to P0.80, with an overallotment ...
 
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Three will be chosen for the IdeaSpace Opportunity Fund.
IdeaSpace just announced the 15 lucky startups that will advance to its 2021 Acceleration Program and each receive a P100,000 cash grant. The chosen startups will now go through IdeaSpace’s rigorous four-month program that will develop the early-stage startups into stable, scalable, ...
 
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It’s the first local cloud kitchen to be backed by Y Combinator.
The all-female led cloud kitchen startup MadEats has secured $125,000 or P6.2 million in funding from Silicon Valley’s Y Combinator, one of the world’s leading accelerator programs. MadEats follows the footsteps of other Filipino startups that have been lucky enough to graduate ...
 
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Looks like crypto is here to stay.
2021 has been the year of crypto. From its meteoric rise to its recent volatile swings, there’s no denying that crypto has made headlines week after week for creating and demolishing fortunes, often with billionaire Elon Musk somehow involved. But now crypto ...
 
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“We believe Kumu will be a multi-billion-dollar company someday,” said one investor.
Philippine startup Kumu announced that it has secured an undisclosed amount in its Series B funding round, which took place less than a year after its Series A round in April 2020.The Series B round was co-led by SIG, a global investment ...
 
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Its investors include Foxmont, DayOne, and Ignite.
Philippine health-tech startup Zennya has secured a $1.2 million (P57.7 million) investment from its latest funding round led by Foxmont Capital Partners, DayOne Capital Ventures, and Ignite House of Innovation. Angel investors and prominent families from the Philippines and Thailand also took ...
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