JG Digital Equity Ventures, Inc.
JG Digital Equity Ventures, Inc. (“JGDEV”) is the corporate venture capital arm of JG Summit. The company was founded in 2019 to aid in JG Summit’s digital transformation journey by introducing the Group to new technologies and talented entrepreneurs across the region that will help drive JG Summit’s innovation and growth.
JGDEV does this by utilizing the Group’s deep sector knowledge to identify, invest in, and collaborate with promising early-stage start-ups in Southeast Asia, while leveraging ecosystem synergies to create mutual value-adding opportunities. JGDEV can help startups grow and scale faster by opening up opportunities and offering strategic guidance to help them reach their full potential.
Since 2019, JGDEV has invested in over 10 start-ups, primarily in core sectors such as e-commerce, fintech, and enterprise tech. Key investments include: Growsari, a B2B platform that has helped digitize thousands of sari-sari stores in the country; Tyme Bank, with whom the Gokongwei Group formed GoTyme, a fast-growing digital bank launched in the Philippines in 2022; and Darwinbox, a global provider of cloud-based HR Management Software.
By closely working with start-up founders, JGDEV aims to be a trusted long-term partner to the regional start-up ecosystem, while supporting the Gokongwei Group’s strategic direction and stimulating a more robust innovation ecosystem.