Franco Varona is the Managing Partner and co-founder of Foxmont Capital Partners. See sector focus and contact routes.
Franco Varona is the Managing Partner and co-founder of Foxmont Capital Partners, the Philippines’ only independent venture capital firm, where he mentors and funds emerging Filipino entrepreneurs after a career as a serial entrepreneur and founding General Manager of Grab Philippines. Foxmont operates as an early-stage, Philippine-focused fund that invests in seed-stage founders solving local problems across sectors including fintech, e-commerce, logistics, media, and D2C. The firm recently closed its $21 million Fund 2 to support early-stage startups, though specific check sizes and lead/follow behavior are not publicly detailed. Notable portfolio companies include PickUp Coffee, Booky, and Kumu, with Foxmont having invested in 31 companies to date. Varona distinguishes himself through a long-held belief in Filipino potential, famously articulating hope for the country’s business growth in a letter to his mother titled “Why I Have Hope for the Philippines” while studying at Syracuse University. He continues to advocate for local innovation while balancing professional discipline with personal pursuits like marathon running and vintage watch collect
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