Startups Fanlife, KodeGo and BentaTV obtain P2.5M seed capital from Globe’s 917Ventures
Three digital startups have secured funding from Globe Telecom Inc.’s venture capital arm, 917Ventures.
In a statement on Wednesday, Globe said that a digital platform for unsophisticated sellers, an online community for K-culture fans and a computer skills training program for increased employability are the top three companies. who were successful in securing seed money from 917Ventures.
The phone company said two of the companies, Fanlife and KodeGo, were from the first batch that joined 917Ventures’ three-month Velocity training camp last December.
The third, BentaTV, was from the company’s in-house Venture Builder program, he said.
Globe said each company receives up to 2.5 million pesos in seed funding.
“We are happy to come up with ideas that match our vision to improve the digital lifestyle of Filipinos and help solve social problems through technology. These companies are already preparing to become a business, so we are here to provide them with the support they need. We look forward to seeing them grow and take off to become successful digital pioneers, ”said Vince Yamat, CEO of 917Ventures.
Globe said that Fanlife brings fans closer to their favorite K-Pop or K-Drama stars through exclusive experiences such as virtual concerts and live broadcasts, and official merchandise.
Fanlife also connects fans to their other local and international favorites, all on the website.
“Velocity has been a great platform for us to finally make this idea a reality, to finally have something for artists and fans to continue to connect despite the pandemic,” said Aya Villa-Real, creator of Fanlife.
Meanwhile, Globe said that KodeGo is an online bootcamp for those who want to learn or improve in various areas of IT so that they can land the right jobs.
It offers a “learn now, pay later” model where students can focus on their learning without financial stress. Students don’t start paying a percentage of their income until they land a job with a minimum income threshold of P 30,000, he said.
“We want to produce great innovators, so we equip our students to become pioneers of digital transformation. Technology is constantly evolving and more and more companies are looking for excellent software engineering skills. We want to help Filipinos have a better chance of improving their lives through increased employability, ”said Joshua Sta. Ana, the previous KodeGo business founder.
Sta. Ana, who is now 20, joined in her sophomore year at 19. He gave KodeGo entirely to 917Ventures to focus on his studies, according to Globe.
Finally, BentaTV is an online sales platform that simplifies live and social media selling processes for informal, tech-savvy traders, the phone company said.
This makes it easy for sellers to start and grow their online business with just a cell phone and an Internet connection.
“There are many online sales platforms already competing in the Philippine market, but we have seen the lack of attention paid to sellers. With the pandemic restricting face-to-face transactions, many merchants are taking the route of online selling, primarily direct selling, to showcase their products. We looked at BentaTV to ease the transition for these sellers, ”said Gio Tantoco, BentaTV business creator.—AOL, GMA News