Wealth Builders

Foxmont Capital Partners' Franco Varona is optimistic about the Philippines' expanding startup landscape, which continues to be the most exciting in the Southeast Asian region

- FRANZ SORILLA

Franco Varona, the managing partner of Foxmont Capital Partners, has been a critical player in the growing startup ecosystem in the Philippines since its inception in 2018. Along with co-founder Jesse Maxwell and a team of skilled investors, Foxmont has invested in 40 promising Filipino-focused or Filipino-led tech companies. According to Varona, they are proud to be the first institutional investor for many entrepreneurs in the country and to help seed the Filipino startup ecosystem. As the country’s digital economy continues to grow due to flourishing entrepreneurship, he believes that Foxmont will remain a significant player.