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Startups in the Philippines

Statistics report on startups in the Philippines

This report presents facts and figures about the startup ecosystem in the Philippines. It starts with an overview of the startup landscape, particularly on the total number of startups and the industries where such startups operate. This is followed by facts and figures describing the business environment, followed by the investment climate, data on venture capital, and some figures on leading startups. Finally, there is a focus on the two fintech unicorns: Mynt and Voyager Innovations.

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Table of contents

Overview

6
  • Premium Statistic Number of unicorns in Asia-Pacific 2025, by country
  • Premium Statistic Number of startups Philippines 2017-2021
  • Premium Statistic Share of startups Philippines 2021, by funding stage
  • Premium Statistic Share of startups Philippines 2021, by industry
  • Basic Statistic Startup ecosystem rank Philippines 2020-2024
  • Premium Statistic Startup M&A exit activity Philippines 2017-2022

Business environment

6
  • Premium Statistic Time required to start a business in the Philippines 2006-2019
  • Premium Statistic Ease of doing business (EODB) scores Philippines 2019, by topic
  • Premium Statistic Number of tech hubs Philippines 2018-2020
  • Premium Forecast Number of newly registered businesses in the Philippines 2014-2029
  • Premium Statistic Foreign direct investment flow Philippines 2013-2024
  • Premium Statistic Major foreign investors Philippines 2024, by value of approved investments

Investments

7
  • Premium Statistic Funds raised by startups Philippines 2010-2024
  • Premium Statistic Start-up deal value Philippines 2020-2021, by sector
  • Premium Statistic Value of deals received by start-ups Philippines 2021, by growth stage
  • Premium Statistic Startups raising equity funding Philippines 2018-2021
  • Premium Statistic Private funding deal number Philippines 2019-2022
  • Premium Statistic Private funding value share Philippines 2021, by segment
  • Premium Statistic Source country of unicorn funding Philippines 2021

Venture capitals

4
  • Premium Statistic Venture capital investment value Philippines 2017-2021
  • Premium Statistic Number of venture capital deals Philippines 2017-2021
  • Premium Statistic Number of startups with venture capital funds Philippines 2020-2021
  • Premium Statistic Leading venture capital firms Philippines 2022, by number of investments

Leading startups

3
  • Premium Statistic Leading startups Philippines 2022, by funding amount
  • Premium Statistic Estimated annual revenue of fintech unicorns Philippines 2022
  • Premium Statistic Estimated employees of fintech unicorns Philippines 2022

Unicorn: Mynt

3
  • Premium Statistic Number of GCash users 2019-2024
  • Premium Statistic GCash gross transaction value Philippines 2020-2021
  • Premium Statistic GCash net income Philippines 2019-2021

Unicorn: Voyager Innovations

3
  • Premium Statistic Number of Maya users Philippines 2020-2021
  • Premium Statistic Maya Bank customers Philippines 2022
  • Premium Statistic Maya Bank deposit value 2022-2024
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