The Manila Angel Investors Network Inc. (MAIN) is a non-stock, non-profit corporation registered with the Securities and Exchange Commission (SEC) under the Corporation Code of the Philippines.

MAIN is the largest committed private investors network in the Philippines that was formed to support the country’s startup ecosystem by connecting investors with promising early-stage companies. Apart from providing capital funding, it also mentors entrepreneurs, provides expertise support, and opens networking opportunities. This innovative startup ecosystem will benefit both MAIN members’ portfolio and overall growth of Filipino startups.

MAIN invests in pre-seed, Seed and Series A rounds. Many of its initial investments to date can be characterized as “impact-focused” in the areas of financial inclusion, employment and education. We screen hundreds of startups each year, and continuously track dozens that are promising, providing them with the mentoring, training and assistance to make them investment ready.

MAIN embarked on Gender Lens Investing through the four-year partnership with Investing in Women, an Australian Aid program (Australian Department of Foreign Affairs and Trade). The project aims to:

  • Provide catalytic investment capital for women-owned and women-led SMEs in the Philippines

  • Diversify the angel membership to include more women investors

  • Expand their member services and activities

MAIN is actively seeking to support and invest in female founders. Kerubin Capital has been established as MAIN’s gender focused fund, with a mandate to match members' investments in female founders.

From an angel investor network founded by all men to bringing on board women angels and investing in women SMEs, follow MAIN’s remarkable journey on embracing #GenderLensInvesting in this case study:

Mission and Vision

It is in the interest of our members to supercharge the Philippines’ startup ecosystem. We do this by growing, nurturing and developing startups through an environment that will attract and retain angel investors.

It is the vision of the members that MAIN will positively impact the Philippines by facilitating startup investments and advocating a startup friendly business environment.

Board of Trustees

Francisco Dennis Manzano

Tina Nepomuceno - Di Cicco

Lionel Victor Leonio Belen

Quenby Tiu Go

Rene Benitez

Sophia Echauz Chua

Michael Andrew Escaler

James Henry Gundry

Claus J. Karthe

Raymond Clarence Yu Rodis

Malaya Laraya

Román V. Azanza III

  • President

    Francisco Dennis “Den” Manzano is the Convenor and President of the Manila Angel Investors Network Inc. (MAIN). He is also the President and CEO of Techtitan Technology Inc. President of Polaristitans Philippines Inc., Director of Pacificfortia Marine Technologies Inc., Director of Kerubin Capital Pte. Ltd., and a Board Trustee of the American Association of the Philippines.

    Mr. Manzano completed the Executive Education Program of the London Business School, University of London in 2005. He holds a Bachelor of Science degree, Major in Business Administration from the University of Santo Tomas. He finished his primary and secondary education at the Ateneo De Manila University, Philippines.

  • Trustee

    Tina co-founded two travel tech companies; led the founding team of two airlines; and managed commercial and marketing at Lufthansa and IHG. She has diverse experience growing B2B and B2C early- and mid-stage companies, driving market expansion in Southeast Asia, Hong Kong & Macau. Tina has led, financed, grown and sold web-focused startups.

    Currently, she leads Avaya Ventures, an advisory firm in travel technology, aviation and scaling up businesses in Southeast Asia. She is also a co-founder of the Philippine Chamber of Commerce in Singapore. At Manila Angel Investors' Network, she is a board member and committee chair of Women In Investing.

  • Treasurer

    Lionel Victor L. Belen is the Executive Director at First Asia Venture Capital Inc, the holding company and private investment office of Team First Asia. Among the Team First Asia companies he concurrently serves as Executive Director of Fastech Synergy Philippines, a non-listed public technology company involved in power electronics. He is also Executive Director of Asset Growth Inc, the property planning, development, and management company of Team First Asia, which focuses on industrial, commercial, and tourism properties in the provinces of Laguna, Tarlac, Bataan, and Batangas. He is a member of the board of directors of FAITH Colleges (First Asia Institute of Technology and Humanities), an institution of higher learning and research and a center of development recognized by the commission for higher education for information technology located in Tanauan, Batangas. He is also the founder of Brainsparks, the first founder-focused startup incubator in the Philippines. The incubator, which was established in 2015, selects up to 20 promising high impact technology companies and their founders to support through its incubation program called the Brainsparks 20. Brainsparks also co-organizes the largest premier international startup and innovation focused business conference and business matching event in the Philippines, called Ignite.

    He graduated cum laude from the Ateneo de Manila University with two majors, in History and in Economics, and a minor in Japanese studies, and he also received the special departmental award for History when he graduated in 2011.

  • Honorary Trustee

    Quenby is the Executive Director of MAIN and is an Honorary Trustee of the Board. She was an investment banker for 11 years before embarking on her own interior and visual design studio and launching her beverage distribution business. She is committed to grow MAIN's membership base and connect them with promising homegrown early-stage companies. She is determined to learn and practice gender-diversified and impact investing in order to expand market opportunities and drive a positive change. Her goal is to contribute to a better Philippine startup ecosystem.

    Quenby comes with a unique blend of entrepreneurship, enterprise and investor experience. She is committed to nurturing MAIN's continued growth, enriching relationships with our strategic partners and ensuring we all help build a world-class Philippine start-up ecosystem.

  • Trustee

    Rene Benitez is an experienced wholesale investor and businessman. He is a former investment banker with extensive financial services experience, having served as a CEO of a leading independent investment bank and of a Euromoney/Asiamoney-rated stockbroking operation. Rene co-founded MAIN to which he remains deeply committed. Apart from his interest in startups, he has also either founded or co-founded numerous successful organizations in varied industries such as financial services, commercial real estate, automotive trading, utilities infrastructure and digital media. Rene has considerable experience and knowledge in corporate development, mergers & acquisitions, capital markets, and other methods of company capital raising. He has extensive international contacts and good knowledge of corporate governance best practices serving as Chairman, Vice Chair, or board member in numerous local and international organizations

  • Trustee

    Sophia E. Chua is the Chief Financial Officer and a director of Standard Insurance Co., Inc. She sits on the board of companies in the BPO and manufacturing companies. Trained in accounting, Sophia's work experience spans auditing, investment banking, private banking and finance. She holds a BS Accountancy in DLSU Philippines and an MBA in Kellogg School of Management Northwestern University.

  • Trustee

    Andrew Escaler is the EVP for Pasudeco, an investment company with interests in the electric, water, real estate, waste management, and traffic regulation industry. Pasudeco aims to reduce human impact on the planet and simplify life through its investments by being the most helpful shareholder a company could ask for. An entrepreneur himself, Andrew has experienced many of the headaches familiar to founders and so seeks to be the kind of shareholder he wishes to have. A curious and progressive individual, Andrew is a strong believer in the circular economy and positive externalities. He also believes that both managers and investors should experience their businesses as both customers and bystanders. Andrew looks forward to the day where everyone can enjoy fresh air, the shade of a tree, and clean bodies of water, and will help anyone trying to reach that same goal in whatever capacity he can.

  • Trustee

    James Gundry was born and brought up in Scotland before moving to Hong Kong in his mid 20s. He has been involved in the executive recruitment and background screening industry for more than 25 years in Asia. He was one of the founding shareholders of "Quest" (now Robert Walters), "Quest Research" (acquired by First Advantage), "Integrascreen" (acquired by Thomson Reuters/Worldcheck) and "Dataflow" (an EQT Private Equity investment).

  • Trustee

    Claus is a German citizen and holds an MBA from IMD Lausanne and a master’s degree as electrical & communications engineer (MSEE) with specialization in communication networks design and operation for both land and space-based telecommunication systems.

    Claus is a global citizen with 30 years of business experience in C-level position and as founder of companies across Asia (Singapore, Philippines, Taiwan, Korea, and Japan), he also serves as advisor on multiple corporate boards.

    By bridging strategy, technology, investment needs and market requirements, Claus reached significant achievements in market share development for entry players in Asia.

    As a serial entrepreneur in the tech space, Claus founded 10 start-ups. His latest venture is a global ecosystem builder and start-up accelerator with offices in Palo Alto, Boston, New York, Berlin, Munich, Singapore and Tokyo.

  • Corporate Secretary

    Raymond Clarence Yu Rodis is the founder of Digest PH, a legal technology startup helping startups find legal services and the Chief Executive Officer of Startup Law.

    He was the corporate lawyer of Pasudeco, an impact fund that invests an average ticket size of $100,000 - $500,000 in Philippine, US, and Singaporean startups. He is the corporate secretary of Manila Angel Investors Network, the largest angel investor network in the Philippines. He is the legal service provider of the Philippine Development Foundation (PhilDev), advising 20 early stage and 6 growth stage startups in their cohort. He represents Philippine, Singaporean, Australian, and Spanish startups. He was previously an associate lawyer at Santos Parungao Aquino Santos Law, a full service law firm in Ortigas. He received his Juris Doctor of Law degree from the University of the Philippines College of Law and his BA Public Administration degree, cum laude from the same university where he was student council chairperson of his college.

  • Trustee

    Malaya A. Laraya, MBA, CIS, CSR, RFP has had over three decades of experience working in high levels across multiple industries such as equity investing, managed funds, real estate, banking and insurance. He is one of the founders of the Ronin Group of Companies, which aims to address the shortfalls in the financial environment and raise the level of financial literacy of Filipinos through education and provision of alternative investment options. This vocation towards education extends to his concurrent roles as Ateneo de Manila University's first Entrepreneur-in-Residence and as host to a number of podcasts covering grassroots innovation in the Philippines. He is currently the Chair of MAIN's Screening Committee, responsible for choosing the top three startups to pitch to MAIN's quarterly membership meetings

  • Trustee

    Roman is an experienced C-level executive with extensive business development, governance, operations, treasury and commercial banking experience. He is in his fourth decade of developing business ecosystems as a strategic consultant to a regional accelerator and a growing roster of tech-enabled firms looking to explore the dynamic Philippine market. He is an independent board member of ATRAM, a Fellow at the Institute of Corporate Directors, an active participant in MAIN's Screening Committee and a co-founder of a healthcare startup, Biologic Life Sciences.

    Roman co-founded and led Aboitiz InfraCapital (AIC), the fifth strategic business leg of the Aboitiz group. He Established Aboitiz Equity Venture’s business development division and spearheaded the conglomerate’s venture into the Public Private Partnership space. Aside from building up and running the Asian regional treasury function for CEMEX, Roman also spent a decade as a banker with ING Barings and Citibank.

    Roman has an MBA from the University of Virginia and has an economics degree from Colby College.

Secretariat

Quenby Tiu Go

Patricia Garcia

Jorge Joaquin Uy

Sophia Calugay-Morita

  • Executive Director

    Quenby is the Executive Director of MAIN and is an Honorary Trustee of the Board. She was an investment banker for 11 years before embarking on her own interior and visual design studio and launching her beverage distribution business. She is committed to grow MAIN's membership base and connect them with promising homegrown early-stage companies. She is determined to learn and practice gender-diversified and impact investing in order to expand market opportunities and drive a positive change. Her goal is to contribute to a better Philippine startup ecosystem.

    Quenby comes with a unique blend of entrepreneurship, enterprise and investor experience. She is committed to nurturing MAIN's continued growth, enriching relationships with our strategic partners and ensuring we all help build a world-class Philippine start-up ecosystem.

  • Administrator

    Patricia is a graduate of Bachelor of Science in Tourism Management in De La Salle Lipa. After graduating, she became an Admin Assistant in a travel agency which is under the CL Follosco Group of Companies, for 3 years before joining MAIN as their Administrator.

  • Manager, Member Engagement and Events

    Sophia holds a double Honours degree in Anthropology and Archaeology. She has developed her career in member based organizations and non-profits for over a decade, organizing campaigns, awareness and fundraising initiatives. In 2015, she launched a pioneer Philippine team for Fashion Revolution, a global movement calling for a more transparent and sustainable fashion industry, and has witnessed the exciting growth of the Philippine start-up community.

    As MAIN’s Manager of Member Engagement and Events, she plans, manages and executes member events, from workshops, ecosystem engagement sessions and networking opportunities, as well as making sure activities continue to be produced to high standards and are productive for members.

  • Jorge Joaquin Uy graduated from De La Salle University with a degree in Interdisciplinary Business Studies. Prior to working full-time with MAIN, Jorge was an intern for three months and was exposed to the daily operations, managing startups.

    Jorge is responsible for all startup related aspects of MAIN, including pipeline development.

 MAIN Events

  • MAIN hosts four pitch sessions a year where startups that pass our screening sessions are presented to our members and guests as investment opportunities.

  • Trainings sessions for newcomers to angel investing, as well as advance angel investment learning for existing MAIN members

  • A series of ‘classroom’ type seminars aimed to provide startups with further knowledge and insights on how to grow and develop their businesses

  • Sessions to provide you with an accessible framework to makesense of what it means to invest whilst keeping in mind the impact on women. The series will feature champion advocates from our growing network of business leaders as well as key players in the Gender Lens Investing (GLI) space.

  • A series of public events (talks and panel discussions), to increase awareness on angel investing and expand MAIN’s network

  • HardTalk is an honest conversation with esteemed members of the ecosystem and made exclusive to MAIN members. These sessions aim to tackle difficult questions, decipher myths and facts on early stage investing.

MAIN Events

Quarterly Pitch Nights

MAIN hosts four pitch sessions a year where startups that pass our screening sessions are presented to our members and guests as investment opportunities.

MAINAcademy

Trainings sessions for newcomers to angel investing, as well as advance angel investment learning for existing MAIN members

StartupAcademy

A series of ‘classroom’ type seminars aimed to provide startups with further knowledge and insights on how to grow and develop their businesses

Gender Lens Investing Series

Sessions to provide you with an accessible framework to makesense of what it means to invest whilst keeping in mind the impact on women. The series will feature champion advocates from our growing network of business leaders as well as key players in the Gender Lens Investing (GLI) space.

AngelsTalk

A series of public events (talks and panel discussions), to increase awareness on angel investing and expand MAIN’s network

HardTalk

HardTalk is an honest conversation with esteemed members of the ecosystem and made exclusive to MAIN members. These sessions aim to tackle difficult questions, decipher myths and facts on early stage investing.

Partners

Investing in Women is an initiative of the Australian Government, catalyzing inclusive economic growth through women’s economic empowerment in Southeast Asia. They do this by partnering with impact investors and ecosystem builders to expand market opportunities. MAIN has received a grant from Investing in Women to achieve two of its gender goals:

1. To increase the number and proportion of women angels in the Philippines who in turn can

2. Support women’s start-ups in the Philippines to grow and thrive.

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