In 2023, the Philippines demonstrated its resilience amidst macroeconomic headwinds that challenged the international venture capital scene. The country experienced a comparatively modest decline in funds raised versus neighboring countries, and witnessed its highest ever total yearly deals, with a noteworthy influx of international investors making their maiden investments into the Philippines. Thanks to the young population and growing working class, the Philippines is ripe for a demographic dividend. This along with private and public efforts have made it a great place for the startup economy.

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