Katalyst.PH Announces USD 1M Fund For Investment To Support Filipino Entrepreneurs
“In order for a start-up to really grow exponentially, they need to have strong strategic partners and investors. It is only after almost a year that I found the right partner for SCI. John Park, the CEO of KVG and I simply agreed that there is a very promising future for finance in the ASEAN region and we believe that SCI will play a critical role in unearthing these potentials,” said Maristela.
“They said a start-up couldn’t take the ‘enterprise’ approach—in that I mean; many critics of SCI said that they couldn’t pull off so many products at the same time at such an early stage, but that is what’s being innovative is all about. The team of course is also a key component, with SCI, you will really see that they’re not afraid to try things; fail, learn, and adapt quickly. It’s what’s makes them a “cockroach start-up”—or a start-up that is very resilient,” Maristela added.
Other investments PH based start-ups
“I believe the additional one million USD will go a long way out here given the talent and strong spirit of Filipino entrepreneurs. It will allow us as well to to get into several niches that we have not considered investing in yet in the past. These companies don’t need to be in the tech businesses. I believe that there are businesses that are non-tech that can still have great impact and by that I mean start-up businesses that are ready and available to engage 90% of the market within a year or two in operation,” Maristela said.Aside from angel investing, his thrust is also geared towards helping the government develop a startup ecosystem for an inclusive economy -- making sure that there is a chance for every aspiring Filipino entrepreneur to make it big.
Manila Angel Investors Network
“I used to do all of this heavy lifting on my own before; reporting back to my partners the progress of my venture builder office with minimal progress every week was a tough challenge, but now that I have MAIN with me, it’s been easier to access resources with due diligence. MAIN also assists me in properly assessing deals,” Maristela said.
“I’m always on the lookout for opportunities. If people have ideas that they think can make it big out there, they can always apply for funding through www.katalyst.ph. I always check out the submissions and get in touch directly with the founders if I see a great potential in their ideas. I use my personal money in all my investments and course it through Katalyst, my private investment firm. I do not take outside funds, I carry all the risk that’s why I need to carefully assess every start-up I come across with looking for funding,” concluded Maristela.Great news right?