AHG Lab, an independent venture builder based in the Philippines, has successfully raised $4 million in a pre-Series A funding round to expand its portfolio of ventures and programs. The funding round was invested by Seaborne Capital, Filipino family offices, Imagine If Partners and US family office– the Rufino Family and David Leechiu.
AHG Lab had previously secured $1.1 million in its seed round in 2021, with support from Philippine’s venture capital investor Foxmont Capital Partners.
The Philippines-based AHG Lab intends to utilize the raised funds to develop further the more than ten startups it is currently nurturing under its wing. The venture builder also has plans to extend its influence to additional verticals and markets.
The new funding infusion gained support from diverse investors, including venture capitalists, family offices, and existing angel investors from the Philippines, the US, and Europe.
Established in 2020, AHG Lab operates under the umbrella of the Alternative Housing Group, which functions as a real estate startup and prop-tech incubator in the Philippines. AHG Lab has already nurtured a range of promising ventures. Notable among these is Shoppable Business, a B2B marketplace that facilitates streamlined transactions; GoGym, a tech-enabled fitness enterprise; and Doon, a platform for car-sharing services.
AHG Lab plans to address challenges that often impede emerging businesses. These challenges, encompassing issues of capital accessibility and adherence to regulatory frameworks, continue to hinder the progress of local startups.
AHG Lab has cultivated an environment characterized by agility and a strong sense of community among founders and leaders. By forming partnerships, nurturing customer acquisition strategies, and offering a platform for addressing business hurdles, AHG Lab has supported various startups and founders within the Philippines startup ecosystem.
AHG Lab’s diverse portfolio has ventures spanning a range of industries, having secured Angel and Seed funding rounds. The portfolio includes names like Shoppable Business, a B2B wholesale supplier and distributor marketplace; GoGym, a tech-enabled gym business; DOON, a thriving peer-to-peer car-sharing marketplace currently overseeing its inaugural cohort of six promising startups.
“Additionally, The capital will expand our support in founder-focused programs like Founders Launchpad, our ongoing hands-on incubator and accelerator program,” said Rene Cuartero, co-founder and CEO of AHG Lab, in a statement.
Previously, AHG Lab was under the leadership of co-founder Bjorn Pardo, who not only played a pivotal role in establishing the venture builder but also founded the logistics firm Xend. Pardo, now an advisor to AHG Lab, has guided the company’s journey.
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