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This marks the Philippines-based VC’s 25th investment in a startup

Philippines-based VC firm Kickstart Ventures—a wholly-owned venture capital subsidiary of Globe Telecom—has announced the entry of a 25th startup in its investment portfolio, cloud-based networking company Teridion.

Kickstart was joined by SingTel Innov8, Jerusalem Venture Partners, and Magma Ventures for Teridion’s Series B fundraising amounting to US$20 million.

Founded in 2013, the San Francisco-based B2B company allow clients to deploy and scale their content and apps quickly and cost-effectively through its on-demand cloud solutions. Teridion claims that its delivery of dynamic content—both downloads and uploads—is 20 times faster than traditional Content Delivery Networks (CDN).

Also Read: Kickstart Ventures tops up its war chest with US$50M

With the new fund injection of US$20 million, Teridion will be able to accelerate its go-to-market strategy and grow its team internationally.

It is currently used by 15 companies in the US and Israel for services such as hosting and file sharing, rich media, and advertising. Teridion aims to onboard enterprise and service providers in the future.

“With their network optimization and content acceleration solutions, Teridion is well on its way to becoming an important partner for organizations that need to build highly-dynamic applications without compromise,” said Minette Navarrete, President of Kickstart.

Kickstart’s startup investment portfolio is currently spread across four verticals: SaaS, e-commerce, social enterprise and lifestyle.

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