fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home E-commerce

Foxmont Capital leads seed funding in PH ecommerce startup Prosperna

Team AsiaTechDaily by Team AsiaTechDaily
25 August 2021
in E-commerce, Featured
0
Prosperna
19
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Foxmont Capital Partners, a Philippine-based early-stage venture capital firm, has led the $555,000 seed funding in Prosperna, a local online store builder.

The funding round was also joined by key investors including Johnsen Global Business Ventures. All of which was a follow-on to Prosperna’s first investor, DayOne Capital Ventures (DCV).

Prosperna’s ecommerce platform enables Philippine MSMEs to market and sell their products everywhere (like Lazada, Shopee, Facebook, Onstagram, and Viber to name a few) with their own online store and start accepting digital payments or cash on delivery (COD) and automatically book shipping – all without any technical experience.

Part of the $555,000 fresh funding will be invested in expanding the startup’s range of features and growing and supporting its customer base of MSMEs.

“This investment will drive our ability to level the playing field for small businesses in the country by making eCommerce accessible for everyone,” said Prosperna’s Dennis Velasco.

Today, Prosperna’s making ecommerce easy with software made specifically for Philippine MSMEs. Powered by their local customer success team and double-digit growth, they’re helping Philippine MSMEs create their own online branded store so that customers can buy from them directly.

In 2020, the Philippines clocked in with the highest average internet usage per person with almost 12 hours per day which is rapidly fueling behavioral change, said Franco Varona, managing partner of Foxmont Capital Partners.

“We changed the way we ate, the way we paid our bills, and the way we buy and sell products and services. Prosperna makes it extremely easy for Philippine MSMEs to get started with eCommerce and we’re excited to support their growth,” Varona stressed.

Foxmont Capital Partners is an early-stage venture capital fund that invests in Philippine startups. Its portfolio companies include Kumu, Kravers Canteen, and Edukasyon.ph.

The firm is looking to make the first close of its second investment vehicle by the third quarter of this year, with a target of $20 million.

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Previous Post

SG foodtech startup Ai Palette banks $4.4m to expand customer base

Next Post

Vietnamese healthtech Medici raises funds, secures insurance broker license

Related Posts

anycover
Featured

SG insurtech startup anycover nets $450k, eyes expansion into Malaysia, Indonesia

May 20, 2022
Grab
Featured

Grab reports 6% revenue rise in Q1 2022

May 19, 2022
Antler
Featured

Venture investor Antler commits $100m to over 300 startups in SE Asia in 4 years

May 19, 2022
Pitik
AgriTech

Indonesian poultry tech startup Pitik secures $14m in Series A funding

May 19, 2022
Coins.ph
Featured

Coins.ph secures $30 million in Series C funding led by Ribbit Capital

May 19, 2022
PAG
Featured

PAG, First Solar agree to landmark renewable energy deal in Japan

May 18, 2022
Next Post
Medici

Vietnamese healthtech Medici raises funds, secures insurance broker license

Discussion about this post

No Result
View All Result

FREE NEWSLETTER

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo