917Ventures, the corporate venture builder of Globe Telecom Inc., teamed up with AC Ventures of Ayala Corp. to explore business opportunities and expand their ecosystem.
AC Ventures under the arrangement will participate in funding the research, development and launch of 917V’s new business ventures.
“We are very excited to work with AC Ventures. We can leverage the ecosystem and network advantage that they provide to solve the pain points of consumers and businesses. Through digital solutions, we can help pave the way and deliver indelible value to the Philippines and the Asia-Pacific region,” 917 Ventures managing director Vince Yamat said.
Ayala Corp. chief finance officer and AC Ventures president and chief executive Alberto de Larrazabal said the accelerated growth of digital adoption became ingrained in many Filipinos who have quickly transitioned how they work, study, play and access basic services.