Real estate investors backing Manila startups in 2026

13 June 2026·4 min read

The Philippines has huge property firms but thin proptech VC. Two big deals carry the scene. Most backers are pan-SEA funds. Here are 10 investors backing Manila real estate startups in 2026.

PH property is huge and old-school. Proptech VC stays small.

Two rounds carry the story. Lhoopa and NoneAway led it.

Most backers fly in from abroad. Few local funds focus here.

You will pitch funds across borders. Ellty puts your data in one link.

TypeCheck sizeSector focusWebsite
Wavemaker PartnersPan-SEA VC~US$1M-$10M+Affordable housing, property techwavemaker.vc
IFCDevelopment finance institutionUS$5M-$20M+Affordable housing, inclusionifc.org
Forge VenturesPan-SEA early-stage VC~US$100K-$1MProperty marketplaces, proptechforge.vc
Foxmont Capital PartnersPH generalist VC~US$250K-$2MGeneralist, some proptechfoxmontcapital.com
Kaya FoundersPH generalist VC~US$50K-$1M+Generalist, proptech, real estatekayafounders.com
Gentree FundFamily-office fund (SM / Sy)~US$250K-$2MGeneralist, property paymentsgentree.asia
Vulpes VenturesPan-SEA family-office VC~US$250K-$3MProptech, deep techvulpesinvest.com
Patamar CapitalPan-SEA impact VC~US$1M-$5MAffordable housing, inclusionpatamar.com
Tekton VenturesEarly-stage VC~US$100K-$1MMarketplaces, proptechtekton.vc
Pavilion CapitalSingapore investment firmUS$5M+Growth, proptech via Lhoopapavilioncapital.com

Pitch property funds across borders from one link

Most PH proptech money is abroad. Ellty shows who opened your numbers so you follow up while interest is warm.

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What a proptech investor backs

They want real deals and volume. Housing demand is huge.

They study your model and margins. Trust and data matter.

A clear story wins the room. A sharp pitch deck helps.

Ellty gives each fund one link. You see who opens your deck.

US$94B
PH real estate market 2025
Forecast US$136B by 2034
US$80M
Lhoopa's 2024 funding round
The largest PH startup raise that year
7,000+
Filipinos Lhoopa helped buy homes
Across 64 cities
₱8.8B
NoneAway listings in 2 months
After its late-2024 beta launch
Our technology and network bring together available properties, accessible financing, and tools that simplify each step of homeownership.
Marc-Olivier Caillot, CEO of Lhoopa, 2025

10 Manila proptech investors

1. Wavemaker Partners

Wavemaker led the biggest PH proptech round.

Recent Activity: Co-led Lhoopa's US$80M 2024 round

LinkedIn: Wavemaker Partners LinkedIn

Sector Focus: Affordable housing, property tech

Stage Focus: Seed to Series B+

Check Size: ~US$1M-$10M+

Location: Singapore and Los Angeles

Website: wavemaker.vc

2. IFC

IFC backs affordable-housing proptech.

Recent Activity: Co-led Lhoopa's 2024 equity round

LinkedIn: IFC LinkedIn

Sector Focus: Affordable housing, inclusion

Stage Focus: Growth, Series B+

Check Size: US$5M-$20M+

Location: Washington DC, USA

Website: ifc.org

3. Forge Ventures

Forge backs early property platforms in SEA.

Recent Activity: Led NoneAway's US$1.1M 2024 seed

Sector Focus: Property marketplaces, proptech

Stage Focus: Pre-seed, seed

Check Size: ~US$100K-$1M

Location: Singapore

Website: forge.vc

4. Foxmont Capital Partners

Foxmont is the country's first independent VC.

Recent Activity: An early backer of housing startup AHG

LinkedIn: Foxmont Capital LinkedIn

Sector Focus: Generalist, some proptech

Stage Focus: Pre-seed to Series A

Check Size: ~US$250K-$2M

Location: Manila, Philippines

Website: foxmontcapital.com

5. Kaya Founders

Kaya Founders backs early property startups.

Recent Activity: Joined NoneAway's 2024 seed round

Sector Focus: Generalist, proptech, real estate

Stage Focus: Pre-seed to Series A

Check Size: ~US$50K-$1M+

Location: Manila, Philippines

Website: kayafounders.com

6. Gentree Fund

Gentree is the Sy family's venture arm.

Recent Activity: An investor in property platform AQWire

LinkedIn: Gentree Fund LinkedIn

Sector Focus: Generalist, property payments

Stage Focus: Seed

Check Size: ~US$250K-$2M

Location: Manila and Singapore

Website: gentree.asia

Give each property fund one trackable link

Ellty logs when a fund opens your data room. Chase the keen ones first, not days too late.

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7. Vulpes Ventures

Vulpes has deep proptech roots in SEA.

Recent Activity: Joined NoneAway's 2024 seed round

Sector Focus: Proptech, deep tech

Stage Focus: Seed to Series A

Check Size: ~US$250K-$3M

Location: Singapore

Website: vulpesinvest.com

8. Patamar Capital

Patamar backs affordable-housing proptech.

Recent Activity: Backed Lhoopa's US$80M 2024 round

Sector Focus: Affordable housing, inclusion

Stage Focus: Seed to Series B

Check Size: ~US$1M-$5M

Location: San Francisco and SEA

Website: patamar.com

9. Tekton Ventures

Tekton backs early marketplaces and proptech.

Recent Activity: An investor in Lhoopa's 2024 round

Sector Focus: Marketplaces, proptech

Stage Focus: Seed

Check Size: ~US$100K-$1M

Location: San Francisco, USA

Website: tekton.vc

10. Pavilion Capital

Pavilion backs growth-stage proptech.

Recent Activity: Joined Lhoopa's US$80M 2024 round

Sector Focus: Growth, proptech via Lhoopa

Stage Focus: Growth, late

Check Size: US$5M+

Location: Singapore

Website: pavilioncapital.com

Developer arms and angels

Big developers run innovation units. Filinvest backs proptech ideas.

Kickstart and JG watch the space. Few have funded startups yet.

PropertyGuru founders angel-invest here. They backed Lhoopa and NoneAway.

Ellty helps you reach them all. See our fintech investors guide too.

Why backers fly in

Local proptech funds are rare. Most money comes from abroad.

Singapore and US funds lead deals. They still back PH founders.

Build trust before you raise. Run clean due diligence prep.

Ellty shares your data across borders. Keep all docs in one data room.

Raising proptech money in Manila

Show real housing demand and traction. Prove the model scales.

Track interest with document analytics. See who is keen.

Control access with granular permissions. Guard your files.

Ellty shows reads live. Build your real estate raise on it.

How to pitch a proptech investor

Show real housing demand.

  1. 1.
    Show real housing demand.
    Prove people will buy.
  2. 2.
    Map your unit economics.
    Keep the model clear.
  3. 3.
    Name your raise and runway.
    Keep the ask tight.
  4. 4.
    Send one Ellty link to your data.
    See who digs in.

How Ellty helps you land a proptech investor in Manila

You have your Manila proptech list ready. Set up a data room before the first call.

  1. 1.
    Upload your deck, metrics, and model.
    Set access per fund.
    Upload file in data room
  2. 2.
    Share one trackable link per fund.
    Each fund gets a unique link.
    Set permissions data room
  3. 3.
    Watch opens and reply on time.
    Use analytics to time each nudge.
    Analytics data room
Start free 14-day trial

Manila proptech investor questions

Is PH proptech VC big?
No, it stays quite thin. A few deals carry it.
Who backs PH proptech?
Mostly pan-SEA funds. A few local VCs too.
Do developers fund startups?
Rarely so far. Most just build property.
What gets funded?
Housing and property platforms. Financing tools too.
How big are the cheques?
Seed runs near US$1M. Growth rounds go far higher.
When should I set up an Ellty data room?
Before your first investor call. Track who opens your numbers.

Author

Internal team behind the product.

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