Dutch Good Growth Fund – Financing local SMEs (DGGF) will commit a funding of $170,000 to support Foxmont Philippine Ventures Fund III, with $150,000 allocated to their Business Development Services (BDS) facility and $20,000 dedicated to Technical Assistance (TA).

DGGF said in a statement on last Wednesday that the support aims to be catalytic and provide additional value to Foxmont’s portfolio companies and the broader Philippine startup ecosystem in its role as a fund and BDS manager.

This commitment builds on the Investment Capital transaction closed at the end of last year, further advancing Foxmont Philippine Ventures Fund III’s capabilities.

Foxmont Capital Partners is a local venture capital firm focused on early-stage technology investments in the Philippines.

As one of the few independent venture capital firms in the region, Foxmont plays a critical role in addressing the shortage of small and medium-sized enterprise (SME) financing, supporting high-potential startups from Seed to Series A funding rounds.

Through its hands-on investment approach, Foxmont provides not only capital but also strategic guidance.

DGGF’s technical assistance funding will help Foxmont build its capacity as a BDS manager by providing guidance on effectively delivering post-investment support at scale.

Compliance training will also be provided to ensure Foxmont meets international standards, reinforcing its credibility with investors and partners.

At the same time, the BDS Facility, co-funded by Foxmont, will provide targeted support to early-stage businesses, helping them refine governance structures, improve financial management, and develop market expansion strategies.

A strong focus will be placed on impact-driven initiatives, particularly integrating diversity, equity, and inclusion and environmental, social, and governance (ESG) considerations into business operations.

DGGF’s contribution will help pilot the BDS Facility over a two-year period, allowing Foxmont to refine its support framework.

This initiative aligns with DGGF’s strategic objective of fostering a stronger and more sustainable investment climate in emerging markets.

By supporting Foxmont in piloting its first BDS Facility, DGGF is helping build a long-term support infrastructure that will benefit startups and entrepreneurs in the Philippines.

The expected learnings from this pilot will also inform future technical assistance programs and contribute to best practices for fund managers implementing BDS initiatives.

The fund is described as sector agnostic with a focus on technology.

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