Who is Collo?
Collo is an all-in-one, cloud-based property management platform designed to modernize and digitize the rental business in the Philippines.Their software provides an end-to-end solution, from tenant acquisition and automated lead generation to digital document management and AI-powered communication. By automating repetitive tasks like billing and utility tracking, Collo helps property managers reduce manual errors and improve overall operational efficiency. They currently serve a diverse portfolio, including co-living spaces, apartments, and commercial properties from major industry players such as Ayala Corporation, SM Investments Corporation, and Megaworld Corporation, which together cover over 9,000 units thus far.
Why We Invested
The Company: Collo modernizes property management by replacing fragmented, manual workflows with a unified digital operating system that automates the entire rental lifecycle. By integrating AI-powered communication, digital document management, and IoT-enabled access control, the platform eliminates operational leaks and addresses the specific bottlenecks of high-density models like co-living and student housing. This end-to-end efficiency loop not only elevates the tenant experience through frictionless billing and transparent coordination but also provides the architectural flexibility to scale across diverse assets, from single properties to large-scale commercial malls. Ultimately, Collo serves as essential infrastructure that maximizes property manager productivity while ensuring the high accuracy and timely financial operations necessary for portfolio growth.
The Market: The Philippine market represents a strong opportunity for Collo’s digital transformation platform, primarily because residential assets, which are notoriously difficult to manage manually, dominate 61% of the country's real estate sector. With more than 40% of households who prefer renting over buying (Rent PH, 2025), there is a massive, recurring demand for modernized tools that can handle high-volume rent collection and tenant management. This demand is anchored by a substantial inventory of ready-for-occupancy units that requires the level of operational oversight that only a centralized digital system can provide.
The conviction for this investment also lies in the "efficiency gap" currently plaguing the local industry given that majority of the property owners in the Philippines still rely on manual methods, such as computing bills and transcribing tenant info into basic spreadsheets. This manual reliance introduces significant operational risks, including delayed building maintenance and error-prone billing, which directly impact the ROI of large-scale developments. Collo focuses on high-velocity rental segments, specifically co-living and short-term stays, where traditional management reaches its breaking point. This strategic alignment with the market’s most operationally intensive sectors provides a high-volume gateway for Collo to dominate the digital real estate infrastructure in the region.
On a regional scale, the investment thesis is further strengthened by the fact that the Asia-Pacific (APAC) market is the fastest-growing globally for property management systems, with a projected 12.6% CAGR from 2024 to 2031, according to Cognitive Market Research. Additionally, APAC real estate held a dominant 52.8% global market share in 2024, cementing its position as the world's largest market (Grand View Research, 2025). Generative AI enables predictive insights and automated tenant engagement, aligning with a digitally mature Philippine real estate market. By bridging the gap between digital lead acquisition and automated property management, Collo is positioned to become the essential operating layer for a sector that is rapidly moving away from legacy, paper-based workflows.
The Team: Collo is led by a founding team that combines over 20 years of experience across traditional property management and modern technology, uniquely positioning them to bridge the two worlds. CEO Jay Basco pairs nine years of property leadership with a decade of tech development expertise, while COO Nicole Concepcion brings ten years of sales and management experience from major developers like Megaworld and Filinvest. They are supported by CPO Mikko Dimapasoc, an expert in technical product management, and Senior Advisor Marcel Visser, a high-tech veteran and leading co-living operator. Together, this team provides the domain expertise necessary to navigate the Philippine real estate landscape while executing a high-growth digital strategy.
Eluvo
