Kaya Founders, a venture firm founded by tech and investment veterans, has closed $12m in funding across two new funds, bringing its total committed capital to $16.5m. The new funding was led by the Gokongwei family. Kaya’s Zero to One fund focuses on pre-seed companies, while its One to Ten Fund invests in more mature companies. Kaya’s investment thesis centres around the Philippines’ young population, economic growth and adoption of online services. The firm now has 32 companies in its portfolio, including e-commerce enabler Etaily, on-demand wage startup Advance, online clinic Kindred and MSME point-of-sale app Peddlr.

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