Foxmont Capital Partners

What Foxmont Capital Partners does

Foxmont Capital Partners is a Philippines-headquartered venture capital firm founded in Q4 2018, positioned as the country's first institutional early-growth capital provider. The firm invests equity capital into Filipino-founded or Filipino-focused early-stage technology startups, building a portfolio of 44 companies spanning 14 industries including fintech, e-commerce, health technology, agriculture, logistics, and digital services (e.g., Kumu, edamama, Pickup Coffee, PCX, SariSuki, Expedock, MedHyve, Booky). Its core products are three sequential investment vehicles — Fund I (first close Q1 2019), Fund II (first close Q4 2021), and Fund III (first close August 2025 at US$30 million) — supplemented by portfolio support services such as the Portco Perks vendor program (AWS, Google Cloud, Oracle NetSuite, Deel, Stripe), a Founders Guide toolkit, a Comp and Ben benchmarking study, and a Technical Assistance Facility backed by the Dutch Good Growth Fund.

The firm's business model follows the standard venture capital mechanics of raising limited-partner commitments, charging management fees on committed capital, and earning carried interest on realized exits. Fund III was anchored by the Dutch Good Growth Fund (the first direct DFI commitment to a Philippine growth fund) and joined by Grab Holdings, with over 50% of capital sourced from Philippine family offices. Foxmont monetizes portfolio synergies, deploys sector research via the annual Philippine Private Capital Report, and runs the annual Foxmont Summit as a founder- and LP-engagement channel. As of 2025, the firm announced plans to deploy up to PHP 4 billion (~US$71 million) into Philippine startups, with a Singapore outpost supporting cross-border opportunities.

The team of approximately 17 professionals brings 175+ years of combined VC and operating experience, anchored by Managing Partners Franco Varona and Jelmer Ikink, Founding Partner Jesse Maxwell, and General Partner Kenneth Albolote (promoted in 2025 from Baring Private Equity Asia/EQT and The Carlyle Group). Reported performance metrics include portfolio companies raising 23x more capital in subsequent rounds, 93%+ of portfolio companies being profitable or having 12+ months of runway, and 565,000 income earners created across the portfolio.

Name

Foxmont Capital Partners

Legal name

Foxmont Capital Partners

Website

https://foxmontcapital.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Foxmont Capital Partners is a Philippines-based venture capital firm founded in 2018 that invests equity capital in Filipino-founded early-growth technology startups across fintech, e-commerce, healthtech, agritech, and digital services, operating three funds with a combined AUM exceeding US$50 million.

Ownership category

akta.pro rank

Product category

Private Equity and Venture Capital Investing

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Media, Entertainment & Gaming Growth Equity (FSANACAI)

Keywords

• Venture capital fund
• Early-growth investing
• Philippine startups
• Equity investment
• Portfolio support

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Venture Capital Returns: Foxmont generates returns through equity investments in portfolio companies. The firm earns returns when portfolio companies achieve exits via IPOs, acquisitions, or secondary sales. Revenue comes from carried interest and management fees on deployed funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Foxmont Capital Partners is a venture capital firm that raises capital from Limited Partners and deploys it as direct equity investments into Filipino-founded and Filipino-focused early-growth technology startups. The firm operates three funds (Fund I, II, III) and provides portfolio companies with operational support, partner network access, and non-dilutive grants, while also publishing the annual Philippine Private Capital Report as a market intelligence product.

Product overview

Foxmont Capital Partners operates as a venture capital firm with three investment funds (Fund I, Fund II, and Fund III) that provide early-growth capital to Philippine tech startups. The firm complements its capital investments with a suite of portfolio support services including the Portco Perks program (offering preferred rates from vendors such as AWS, Google Cloud, Oracle NetSuite, and Deel), the Founders Guide resource toolkit, and the Comp and Ben Study benchmarking tool. Foxmont also produces the annual Philippine Private Capital Report as a thought leadership and research offering. Fund III introduced growth-stage investment capabilities alongside technical assistance grants for entrepreneurs.

Differentiator

Problem solved

Functional benefit

Products and services

• Foxmont Fund I Foxmont's first venture capital fund, which achieved first close in Q1 2019 and seeded the Philippine startup ecosystem with early-growth equity capital for Filipino-founded technology companies.
• Foxmont Fund II Foxmont's second venture capital fund, which achieved first close in Q4 2021 and catalyzed 23x follow-on capital from global co-investors for its portfolio companies.
• Foxmont Fund III Foxmont's third venture capital fund, first closed at US$30 million (PHP 1.7 billion) in August 2025. Anchored by the Dutch Good Growth Fund and joined by Grab Holdings, with over 50% of capital from Philippine family offices. Introduced growth-stage investment capabilities alongside the Technical Assistance Facility offering non-dilutive grants for entrepreneurs.
• Technical Assistance Facility Non-dilutive grants funded through the Dutch Good Growth Fund to support technical capability development at Foxmont portfolio companies, available alongside Fund III growth-stage equity investments.
• 2026 Philippine Private Capital Report

Quantifiable outcome

• 23x follow-on capital raised by portfolio companies in subsequent funding rounds
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Wavemaker Partners: Wavemaker Partners is a SEA and US-focused early-growth VC firm with funds investing in Philippine and regional startups. Comparable as a regional growth investor overlapping with Foxmont's expanded growth-stage mandate under Fund III.
• Jungle Ventures: Jungle Ventures is a multi-stage SEA VC with growing activity in the Philippines. Comparable as a regional incumbent now expanding into Foxmont's domestic market with larger check sizes at Series A/B.
• Openspace Ventures: Openspace Ventures is a Singapore-headquartered SEA-focused VC investing across Indonesia, Vietnam, Singapore, and the Philippines. Comparable as a regional incumbent that competes for the same founders as Foxmont transitions into growth-stage investing.
• East Ventures: East Ventures is a leading Southeast Asia-focused early-stage VC with multi-billion AUM and active Philippine deployments. Comparable as a broader-incumbent regional player that increasingly competes for the same Philippine deals Foxmont targets.

Direct peers

• Kickstart Ventures: Kickstart Ventures is a Philippine-focused early-stage venture firm founded by Globe Telecom, investing in Filipino startups across fintech, healthtech, and consumer. Directly comparable as a domestic Philippine VC with institutional backing and similar sector breadth.
• Kaya Founders: Kaya Founders is a Philippine-focused pre-seed and seed VC. It overlaps with Foxmont's mission of funding Filipino founders but operates earlier in the lifecycle, making it a complementary upstream peer.
• Voyager Innovations: Voyager Innovations is a Philippine fintech/venture platform (parent of GCash) that invests in and builds local digital businesses. Comparable as a Philippine institutional capital and venture-building platform targeting early-growth domestic companies.

Emerging players

• Antler: Antler is a global early-stage VC with active Southeast Asian operations, including the Philippines, focusing on day-zero founder support. Comparable as an emerging player building founder pipelines that may later invest alongside or compete with Foxmont at seed/Series A.

Regional players

• AC Ventures: AC Ventures is an Indonesia-focused early-growth VC with growing SEA ambitions. Comparable as a regional peer pursuing a similar early-growth thesis in emerging Southeast Asian markets, illustrating the cross-border competitive dynamic Foxmont faces.
• Golden Gate Ventures: Golden Gate Ventures is a Southeast Asia-focused early-stage VC with a multi-country mandate. Comparable as a regional peer that has historically competed with Foxmont for capital and deal flow across SEA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/35901656

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments68 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foxmont Capital Partners