Founded in 2018, Core Capital is a venture capital firm in Manila, Philippines. Core Capital provides early stage financing for technology companies with a focus on the Philippines. The firm invests through its first fund the Gobi-Core Philippines Fund, co-managed with Gobi Partners.
“Since our founding in 2002, Gobi Partners’ core investment philosophy has been to support tech entrepreneurs in emerging and underserved markets. In the past 18 years, we have backed world-class founders that have built category-defining companies, resulted in 9 unicorns (valued at $US1 B+), and enabled us to generate consistent outsized returns.
From the Gobi to the Kalahari,”
— Thomas G. Tsao
It is ripe for a digital transformation –with a young population median (age of 25.8 years old), an emerging middle class, high internet and mobile penetration (68 M), improving infrastructure and increasing interest in tech entrepreneurship and development.
Old inefficiency problems are now being solved with new technology. The pandemic has accelerated and magnified the need for digital solutions –most of which are already available in other countries.