New VC firm, Original Pitch VC, has recently been launched in the Philippines. The firm invests in growth stage startups and is looking to invest US$1.2 million into companies this year. The VC says it plans to invest more in the coming years.
The firm showcases Philippines-based startups during its launch, with 18 shortlisted startups participating in Original Pitch’s launch and first pitching event at WeCube Inc., a collaborative ecosystem located in Makati City.
The entrepreneurs, selected from a list of 50 original candidates from a range of sectors including tech, real estate, healthcare, transportation, and education, had a chance to present their ideas and funding requirements in front of a panel of experienced businessmen.
Here’s a list of the top startups that pitched during the event competing in two major divisions:
1st Place: JourneyTech – JourneyTech aims to automate the ticketing requirements of major bus companies and acquire other merchants using their cash card technology.
2nd Place: ServeHappy – ServeHappy is a new generation job board platform solely catering to the growing manpower demands of the Hospitality and Travel Industry in the region.
3rd Place: Wishy – Wishy aims to make it simple for couples to receive gifts for their wedding. They solve the problem of a lot of couples who tend to migrate overseas after their wedding.
4th Place: Incubix – Incubix aims to make the Philippines a hub for world class web, mobile, and gaming application development.
5th Place: Dibz – Dibz is a mobile platform that allows Manila drivers to book a parking spot even before they get to their destination.
1st Place: Chromewell (StillFresh) – Chromewell provides businesses and consumers with the only spoilage-indicating strip that helps businesses and consumers avoid food spoilage.
2nd Place: Primo – Primo aims to fix the existing, yet disorganised and scattered, premium trading which can be found all over the web particularly in Facebook, Instagram, etc.
Participants were judged by Original Pitch partners, JJ Atencio, President of the 8990 Housing Development Corporation; Kevin Khoe, Chief Investment Officer of Big Big Holdings; Magellan Fetalino, founder and CEO of Acudeen Technologies, Inc.; Francis Simisim, founder and Chief Business Development Officer of Blogapalooza and CEO of Social Light Inc.; and Atty. Ian Dato, general counsel and corporate secretary to a number of companies in various industries.
As an investor, Original Pitch aims to support high-potential companies to create sustainable competitive advantages and offer original, real world original solutions to emerging markets in Asia.