Philippines

Data Vantage: Maqsad, XM Studios, Advance and Ficofi report cap table updates

Maqsad issued preference shares this week to investors that backed its seed and pre-seed rounds.

The round includes a $10m debt deal with Lendable.

Land Bank of the Philippines and the Development Bank of the Philippines to merge.

Alpha JWC and East Ventures were among the first-time investors.

The reverberations of the collapse of Silicon Valley Bank continued to be felt this week.

PLDT is also set to acquire Sky Cable’s broadband business for about $123m.

The holding firm plans to go public this year after postponing a planned IPO last Oct.

The proposed law seeking to establish the fund drew controversy as soon as it was filed late last year.

Female founders bagged 12.6% of all private capital raised during the year.

PE firms Creador and Navegar had earlier invested in the company’s Series C round.