Kaya’s general partners (from left) Ray Alimurung, Paulo Campos III, Lisa Gokongwei-Cheng / Photo credit: Kaya Founders

Philippines-based VC firm Kaya Founders has secured a total of 1 billion pesos (over US$18 million) as of the second close of its two latest funds, bringing its total assets under management to roughly US$22.5 million.

Pavilion Capital and Concentric Equity Partners as well as Gabriel and Geraldine Sunshine of Boston-based hedge fund Bracebridge Capital participated in the round.