Startups in the Philippines

Startups in the Philippines
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Statista Dossier on startups in the Philippines

This dossier presents facts and figures about the startup ecosystem in the Philippines. This dossier 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.

Table of contents

    • Number of unicorns in Asia-Pacific as of 2021, by country

    • Number of startups Philippines 2017-2022

    • Share of startups Philippines 2021, by funding stage

    • Share of startups Philippines 2021, by industry

    • Startup ecosystem rank Philippines 2019-2021

    • Startup M&A exit activity Philippines 2017-2022

    • Time required to start a business in the Philippines 2006-2019

    • Ease of doing business (EODB) scores Philippines 2019, by topic

    • Number of tech hubs Philippines 2018-2020

    • Number of newly registered businesses in the Philippines 2013-2028

    • Foreign direct investment net inflows Philippines 2013-2021

    • Major foreign investors Philippines 2022, by value of investment

    • Funds raised by startups Philippines 2010-2022

    • Start-up deal value Philippines 2020-2021, by sector

    • Value of deals received by start-ups Philippines 2021, by growth stage

    • Startups raising equity funding Philippines 2018-2021

    • Private funding deal number Philippines 2019-H1 2022

    • Private funding value Philippines 2021, by segment

    • Source country of unicorn funding Philippines 2021

    • Venture capital investment value Philippines 2017-2021

    • Number of venture capital deals Philippines 2017-2021

    • Number of startups with venture capital funds Philippines 2020-2021

    • Leading venture capital firms Philippines 2022, by number of investments

    • Leading startups Philippines 2022, by funding amount

    • Estimated annual revenue of fintech unicorns Philippines 2022

    • Estimated employees of fintech unicorns Philippines 2022

    • Count of registered GCash users Philippines 2019-2022

    • GCash gross transaction value Philippines 2020-2021

    • GCash net income Philippines 2019-2021

    • Number of Maya users Philippines 2020-2021

    • Maya Bank customers Philippines 2022

    • Maya Bank deposit balance value Philippines 2022

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