On August 8, Philippine-based private equity firm ALTUS Digital Capital (ADC) launched two new digital platforms: social commerce site iamClaire and space-booking app GoSPCE. These mark the company’s first investments since its founding in 2016.
Here’s a closer look at these two platforms that aim to disrupt the way we work, play, and shop.
ALTUS Digital Capital (ADC), a local tech investment firm, launched on August 8 a new lifestyle mobile app called GoSPCE, in response to the growing demand of retailers and young shoppers, especially millennials, who are using the mobile platform for their shopping needs.
Bea Binene will be the first ever cover girl for the online lifestyle hub, iamClaire. In an exclusive interview with GMANetwork.com, the Kapuso actress shared her excitement for her new project.
In an interview, Bea was very happy and excited about being the first cover girl of the digital magazine of iamClaire. She described the shoot to be fun and easy and she can’t wait for the issue to come out so that everyone can see the fun things that she did during the shoot.
Emerging markets in Southeast Asia are fast becoming digital, and there is a massive opportunity for growth. The region’s population of some 600 million is largely unbanked and uninsured; disposable income is rising particularly among the growing segment of middle class consumers; and smartphones are becoming cheaper — allowing people to go online even without a desktop.
“A lot of the conditions that are required for digital to take root in the market are starting to become apparent. Stars are aligning in the right way, so to speak,” says Randy McGraw, director and co-founder of ALTUS Digital Capital (ADC).
(SPOT.ph) It’s been 16 months since ALTUS Digital Capital set up shop in the Philippines and since then, its office has seen a lot of homes. “We started operating at W Fifth Building where our mother company, ALTUS Capital Partners, is holding office. After three months, we then moved to a shared working space while scouting for our own office,” shares Randy McGraw, managing director at ALTUS Digital Capital (ADC).
Digitalization in Southeast Asia brings benefits to consumers and businesses alike – time, savings, lowered cost of goods and services, clearer and more accurate consumer information, and new forms of social entertainment among others. However, there are pitfalls and challenges to reach the full expression and promise of digitalization. Many of these pain points introduce problems that are new to the region, and therefore need homegrown solutions.
SINGAPORE, BANGKOK and MANILA, Philippines, April 18, 2017 /PRNewswire/ — Private Equity firm ALTUS Digital Capital (ADC) established and managed in Southeast Asia, is adding its financial and human capital and deep digital know-how to partner with both native digital companies and offline companies in need of a digital expression — fast becoming a catalyst in accelerating the process of digitalization in emerging markets. The company has recently made 3 significant investments in 2016 and is in varying stages of closing 3 more in 2017.
In an interview with Bloomberg TV Philippines, ALTUS Digital Capital Co-Founder and Managing Director Randy McGraw uttered: “A lot of these really good companies, they simply don’t have the digital marketing skillsets, in-house, and a typical private equity firm may not be able to get in in a hands-on way and help solve those problems. That’s exactly our sweet spot. We believe because of the overall size of the market, swimming at the sub 50-million dollar level, there’s a lot of action, at that level we love to play in that space.”