LEVERAGING on the Philippine startup ecosystem, Geeks On A Beach (GOAB) 2023 seeks to add more deals in an effort to reach another 55.45 PHP ($1) billion in investments.

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In 2021 and 2022, Tina Amper of GeeksPH said the startups in the country received more than 55.45 PHP ($1) billion in total funding deals for each year.

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This was 27 times higher than the 2,217.80 PHP ($40) million collected in 2010.

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A new closed funding deal was the goal of the revival of GOAB 2023 after a five-year hiatus.

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The two-day international conference is ongoing at the Bellevue Bohol Pavilion in Panglao Island, Bohol on Nov. 23-24.

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