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Investments

4

Portfolio Exits

1

Funds

1

About PLDT Capital

PLDT Capital, the investment arm of Philippine Long Distance Telephone Company (PLDT), is targeting investments in mobile engagement platforms, content, e-commerce and digital services.

PLDT Capital Headquarter Location

Philippines

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Latest PLDT Capital News

Austin’s Phunware to break into public markets via merger with Greece-based company

Feb 28, 2018

Phunware has raised nearly $90 million since inception from a range of investors including Khazanah Nasional Bank, the strategic investment fund of the government of Malaysia, World Wrestling Entertainment and PLDT Capital, the investment arm of the Philippine Long Distance Telephone Company. Last year, Phunware made the Inc. 5000 list of fastest-growing privately held companies for the fifth consecutive year. The 2017 list reported annual revenue of $47 million, representing growth of 118 percent over the previous 36 months. “Our stated goal has always been to reach every connected device on earth through mobile applications, and this transactions turbocharges our ability to achieve that vision,” Alan Knitowski, Phunware co-founder and CEO, said in a written statement. Knitowski will continue as CEO of the merged company and Matthew Aune will remain as Phunware’s chief financial officer. Stellar is a blank check company, also known as a special purpose acquisition company, which was formed for the purpose of a merger, acquisition or other business combination. Phunware said it plans to use money raised from going public to expand, both through its own offerings and through possible acquisitions. News on Open Source is free and unlimited. Access to the rest of 512tech.com comes with an American-Statesman digital subscription, which also includes  myStatesman.com and the ePaper edition. Subscribe at  statesman.com/subscribe .

PLDT Capital Investments

4 Investments

PLDT Capital has made 4 investments. Their latest investment was in Phunware as part of their Series F - II on November 11, 2016.

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PLDT Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/2/2016

Series F - II

Phunware

$22M

Yes

13

3/30/2016

Unattributed VC

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$99M

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10

2/25/2016

Series B

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$99M

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10

11/15/2015

Seed VC - II

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$99M

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10

Date

11/2/2016

3/30/2016

2/25/2016

11/15/2015

Round

Series F - II

Unattributed VC

Series B

Seed VC - II

Company

Phunware

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Amount

$22M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

13

10

10

10

PLDT Capital Portfolio Exits

1 Portfolio Exit

PLDT Capital has 1 portfolio exit. Their latest portfolio exit was Phunware on December 27, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/27/2018

Reverse Merger

$991

5

Date

12/27/2018

Exit

Reverse Merger

Companies

Valuation

$991

Acquirer

Sources

5

PLDT Capital Fund History

1 Fund History

PLDT Capital has 1 fund, including PLDT Capital.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/30/2015

PLDT Capital

$50M

1

Closing Date

9/30/2015

Fund

PLDT Capital

Fund Type

Status

Amount

$50M

Sources

1

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