Kickstart Ventures Inc., a wholly-owned unit of Globe Telecom Inc., will manage the $150-million venture capital fund of Ayala Corp. to support startup companies.
The Ayala Corp. Technology Innovation Venture (ACTIVE) Fund is looking at a range of investments in series A or series C or early-to mid-growth stage.
As sole manager of ACTIVE Fund, Kickstart is responsible for seeking companies that offer innovative, scalable, sustainable solutions for the seamless integration of digital and traditional channels, such as On-Demand Services, IoT, FinTech, Blockchain, E-Commerce and Omni-Channel as well as the automation and augmentation applications for Artificial Intelligence, Machine Learning, Robotics, Big Data and Analytics, and Cloud Computing.