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Aboitiz Equity Ventures

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Researched and published by the startup.ph editorial team from public sources — not a self-submitted profile.

Aboitiz Equity Ventures, Inc. (AEV)

Corporate VC 📍 Makati

About Aboitiz Equity Ventures

Aboitiz Equity Ventures, Inc. (AEV) is the publicly listed holding company of the Aboitiz Group, one of the Philippines' oldest and largest conglomerates. It was established in 1989 (originally as Cebu Pan Asian Holdings, renamed AEV in 1993) and has traded on the Philippine Stock Exchange under ticker AEV since 1994. AEV is headquartered in Makati City (Ayala Triangle Gardens Tower 2) and, per its 2024 disclosures, reported ₱302.82 billion in revenue, ₱18.13 billion in net income, and ₱893.70 billion in total assets. Its core businesses span power generation and distribution, banking and financial services, food and agribusiness, infrastructure, real estate, and — since a 2022 strategic repositioning as a self-described "techglomerate" — a growing data and AI arm, Aboitiz Data Innovation.

IMPORTANT RELATIONSHIP NOTE, PER SITE OWNER'S REQUEST: Aboitiz Equity Ventures is the PARENT conglomerate sitting one level above UBX Philippines Corp, which is already a separate, distinct entry in this directory. The actual ownership chain runs AEV -> Union Bank of the Philippines (a major banking subsidiary of AEV) -> UBX Philippines Corp, UnionBank's dedicated fintech venture-building arm. AEV itself is not a dedicated venture capital fund — it is a diversified public holding company that, through subsidiaries like UnionBank/UBX and its own Aboitiz Data Innovation unit, participates in fintech and tech-venture activity rather than running a standalone VC fund of its own.

Investment Thesis

AEV's approach to technology and startup investment operates primarily through its operating subsidiaries and business units (most directly UnionBank/UBX for fintech venture-building, and Aboitiz Data Innovation for data/AI capability) rather than a single, centrally-run venture fund with its own explicit thesis. At the group level, its stated strategic direction since 2022 has been to reposition itself as a "techglomerate" — using technology and startup-style innovation to strengthen its existing power, banking, food, and infrastructure businesses.

Portfolio Companies

Union Bank of the Philippines, UBX Philippines Corp, Aboitiz Data Innovation, Aboitiz Power, Pilmico