# Top 50 Enterprise Startup Investors in Thailand in October 2023

## Pawoot Pom Pongvitayapanu
- Type: Angel
- Relevant deals: 8
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Marketing, Artificial Intelligence

Pawoot is like an icon of Thailand online business. Many people call him "the godfather of E-Commerce"

## 500 TukTuks
- Type: VC Fund
- Location: Mountain View, California, United States
- Relevant deals: 7
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Financial Services, Food and Beverage

500 TukTuks is a $15M USD micro-fund focused on promising Thai startups.
Key to the fund’s operations and with a particular focus on fashion, beauty and ecommerce opportunities in Thailand and South East Asia, Sapprasert has been pivotal in investing in some 48 startups in her two years there. 

## Ardent Capital
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Internet, Software

Leading Venture Capital & Builder in Southeast Asia | Experts in E-Commerce, B2B, B2C, Fulfilment Startups | Seed, Series A Funding

## InVent
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 5
- Stages: Series A, Seed, Series B
- Focus: Apps, Software, Information Technology

InVent is a corporate venture capital project of the Intouch Group which invests in high-growth companies with emphasis on potential value creation to the group business. A pioneer investor since the starting days of the tech startup ecosystem in Thailand, InVent has an annual fund size of approximately $7 million.Invent invests in products andservices that are related to the group’s business such as mobile phone related businesses, telecommunications and infrastructure, IT related businesses, cloud computing, internet applications, and digital media and contents. InVent will also focus its investments in products and services that can support the group’s business competitiveness and enhance customer experience.

## Galaxy Ventures Co., Ltd
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Internet, E-Commerce

Galaxy Ventures is an early-stage corporate investment firm based in Bangkok. Founded in 2012, with lead investment from Ini3 Digital PLC, a Softbank Ventures Korea portfolio company.Galaxy Ventures invest in areas that it understands and can add value to, currently it has 5 companies in its portfolio, 4 in Thailand and 1 in Vietnam. Ourcurrent focus areas include, but are not necessarily limited to : - Entertainment - Gaming & Media- Software Platforms - Analytics & Data Management - Software-as-a-Service (SaaS) - eCommerce & Payments

## Expara Thailand
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Health Care, Internet

Expara Thailand is a venture capital providing both investment and services to the enterprise ecosystem. The firm seeks to incubate, mentor, and invest in early-stage companies operating in Southeast Asia. The company works alongside entrepreneurs and leaders in public and private organizations to create entrepreneurial successes through innovativehigh-tech high-growth ventures. It is also dedicated in delivering web tools, business strategy and technology innovation advisory, experiential training, deep industry expertise, and networks in supporting the growth of the next Silicon Valley in Southeast Asia.

## KK Fund
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Marketplace, Internet

KK Fund is a venture capital fund to invest in seed stage internet and mobile startups across South East Asia, Hong Kong and Taiwan.

## Sinarmas
- Type: VC Fund
- Location: Jakarta Pusat, Jakarta Raya, Indonesia
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: E-Commerce, Internet, Financial Services

PT Sinar Mas Group, through its subsidiaries, manufactures paper pulp and related products. The company was founded in 1962 and is based in Jakarta Pusat, Indonesia.

## Inspire Ventures
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 2
- Stages: Seed, Series B
- Focus: E-Commerce, Logistics, Big Data

Inspire is a newly established US$25 million principal-backed venture fund with investment teams in Thailand and Vietnam. We invest in businesses that execute proven, and sometimes novel, business models in the ASEAN markets with a strong emphasis on localization. We also focus heavily on recruiting great partners and managers who are astute operators.

## January Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, FinTech, Information Technology

January Capital believes that rapid digitalization will continue to occur across all industries over the next decade. This fundamental shift will enable one-of-a-kind possibilities for category-defining enterprises to emerge. They prioritise collaborating with founders who are developing technologies that allow such transformation. They invest fromthe beginning of a company's life cycle, but they may also provide ongoing assistance. They are looking for firms that were developed in or for the Asia-Pacific area. Analysts anticipate that certain themes will drive economic growth in this region over the next several decades.

## Thanapol Kongboonma
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Text Analytics, Computer Vision, Machine Learning

Thanapol Kongboonma

## Primestreet Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed
- Focus: Finance, Cryptocurrency, Financial Services

Primestreet Capital is an investment firm.

## Sun Asterisk
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Series A, Seed, Corporate Round
- Focus: Apps, Beauty, Security

Sun Asterisk provides digital creative studio business promoting industrial digitalization.

## Varys Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Initial Coin Offering
- Focus: FinTech, Blockchain, Cryptocurrency

Varys Capital is a total return fund providing secure access to the digital asset class through its dual approach to investment returns in venture capital.

## Khailee Ng
- Type: Angel
- Location: Kuala Lumpur, Kuala Lumpur, Malaysia
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Social Media, FinTech

Khailee Ng is Managing Partner at 500 Startups. Prior to that, he was the Co-founder and CEO of SAYS. He graduated from the University of Technology Sydney, the University of California, Berkeley, and San Francisco State University.

## Zipmex
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed
- Focus: Blockchain, Cryptocurrency, Financial Services

Buy, sell and trade Bitcoin, BTC Cash, Litecoin, Ethereum and Ripple with a Digital Assets exchange. Low trading fees. Fast and safe transactions.

## Krungsri Finnovate
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 2
- Stages: Series B, Series A, Seed
- Focus: FinTech, Financial Services, Software

Krungsri Finnovate’s core mission is to provide comprehensive strategic investments with a focus on helping startups achieve their goals through corporate venture capital; strategic partnerships that yield concrete outcomes as a result of cooperation amongst the relevant business units of the Bank and supporting the ecosystem of startups in orderto promote sustainable growth for the startups’ businesses.We have established a fund with venture capital of USD150 million, and aim to enhance the ecosystem of startups located both domestically and internationally. Our goal is to promote the sustainable growth of startups that are related to our businesses or customers. We collaborate with them to develop innovative financial solutions and ultimately encourage them to become Unicorn startups.

## VOYAGE VENTURES
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Internet, Content

Voyage Ventures is the venture capital arm of Voyage Group specializing in seed and early-stage investments. The firm seeks to make investments in the internet and mobile internet industry. It invests from JPY1 million ($.01million) to JPY to 10 million ($.12 million) in its portfolio companies. The firm typically invests in Japan, China, and othergrowing Asian markets. Voyage Ventures, Inc., formerly known as EC Navi Ventures Company, was founded on March 25, 2011, and is based in Tokyo, Japan.

## AddVentures
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: E-Commerce, Marketplace, B2B

AddVentures by SCG is a venture capital that partners and invests in the best digital innovations in Industrial-Enterprise-B2B verticals. It aims to accelerate and scale digital-enabled technologies, innovation, and companies with strategic fit and share its core values.AddVentures is a subsidiary of SCG (The Siam Cement PLC), Southeast Asialeading Industrial conglomerate established in 1913.

## Aries Capital Partners
- Type: VC Fund
- Location: Salt Lake City, Utah, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Shopping, Software, E-Commerce

Aries Capital Partners does more than just provide capital. We build businesses through investment and deep expertise in strategy, finance, marketing, IT, and management.

## M Venture Partners (MVP)
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Health Care, Wellness, Financial Services

M Venture Partners (MVP), based in Singapore, is an early stage investor and partner to innovative and disruptive start-up ventures that are founded by “professionally-skilled” entrepreneurs with vision, true-grit and passion to create a "built to last" different future. We support entrepreneurs across Southeast Asia, and selectivelyIndia.

## SMDV
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Information Technology, Financial Services

SMDV sinar mas digital ventures

## ORZON Ventures
- Type: VC Fund
- Location: Phuket, Phuket, Thailand
- Relevant deals: 1
- Stages: Series A, Pre-Seed, Series C
- Focus: Hardware, Electronics, Hospitality

ORZON Ventures is a venture capital firm that focuses on investing in promising start-up companies. The company is located in Thailand.

## Alpha Founders Capital
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Rental, Real Estate, Residential

Alpha Founders Capital is a Bangkok based Venture Capital firm that invests into seed and early stage technology companies. 

## VietNam Holding
- Type: VC Fund
- Location: Grand Cayman, Midland, Cayman Islands
- Relevant deals: 1
- Stages: Seed
- Focus: Video, Gaming, Social Media

VietNam Holding Limited is a closed-end investment holding company. The Company's investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies that have growth potential at an attractive valuation. The Company may also invest in the securities of private companies in Vietnam, whetherVietnamese or foreign owned, and the securities of foreign companies if a portion of their assets are held or operations are in Vietnam.

## Aera VC
- Type: VC Fund
- Location: Auckland, Auckland, New Zealand
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Biotechnology, Food and Beverage, Food Processing

Aera VC invests at the frontier of deep technology and sustainability to accelerate the world to a better future. Those who create breakthrough ideas the fastest will generate new markets, exponential financial returns, and a better future for us all. Aera VC will be right behind them.We believe sustainability is the largest investmentopportunity of our lifetime. We have been generating outstanding financial returns since 2016 while investing in the pursuit of a better world. The companies we have backed are the best illustration of what we invest in, aspire to, and can achieve. We are excited that these companies are only just getting started and we have already established a truly global footprint. 70% of Aera Portfolio companies are co-founded by women or those from minority backgrounds.

## Eventpop
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1

Eventpop helps bring the best experiences for event goers and event creators through one end-to-end platform.–––––––––––For event goers:
Use the Eventpop app to discover, save and share your favorite event and activities. Get the latest updates from event creators around Asia. Registration and buying a ticket is simple and straightforward witha consistently updating app, to ensure the best experience.–––––––––––For promoters and organizers:
Eventpop provides an end-to-end platform for any kind of event or activity. With professional solutions developed specifically for concerts, festivals, performance, marathons, conferences and workshops. Learn more at https://services.eventpop.me–––––––––––While most platform focuses on being a ticketing platform, Eventpop offers solution for the whole journey. The company’s service operates like an ad-hoc support team for event creators, providing online and offline customer support to customers, on-site services to solve cumbersome processes involving registrations or admissions, and fulfillment.

## Partech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Financial Services

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

## CAV Investment
- Type: VC Fund
- Location: Melbourne, Victoria, Australia
- Relevant deals: 1
- Stages: Series A
- Focus: Marketing, Real Estate

CAV Investment provides funding, strategy, advice, guidance and ongoing operational support to accelerate growth and help companies.

## Ratanakorn Asset
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Finance, Cryptocurrency, Financial Services

Ratanakorn Asset assures efficient investment is well served demands and opportunity for sustainability.

## KTBST Securities
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Series A
- Focus: Apps, Sales, FinTech

KTBST Securities offers securities brokerage, derivatives trading, investment banking, mutual funds, and wealth management.

## Siam Alpha Equity
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Apps, Sales, Retail

Siam Alpha Equity is a private equity firm.

## SINOFY
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Cryptocurrency, Blockchain, Gaming

Sinofy Group is a Management Consulting Firm.

## SeedPlus
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Internet, Information Technology

A new kind of seed venture firm, now closed to new investments.


## iSeed
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Apps, Internet

iSeed is India's first micro-fund backed by top global founders and investors.

## Antler
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, SaaS

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

## Axis Capital Corp
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 1
- Stages: Seed
- Focus: CRM, Big Data, Software

Axis Capital Corporation is an investment firm that creates innovative investment fund products targeting the technology sector. After successfully managing a private fund for a number of years, in 2002 Axis Capital Corporation launched Axis Investment Fund, alabour-sponsored investment fund that invests in Ontario-based emerging technology companies. Axis Investment Fund offers Ontario residents the opportunity to participate in venture capital and receive a 35% tax credit.The two missions of Axis Capital Corporation are simply stated: 1. create investment fund products that allow average Canadians to participate in venture capital as part of a sound, diversified portfolio; and 2. invest in and then work with world-class technology companies in order to increase shareholder value.On February 6, 2006, Axis Capital Corporation was purchased by BEST Funds. BEST Funds is now the fund manager for Axis Investment Fund Inc. BEST Funds is an experienced manager of labour sponsored investment funds having managed the B.E.S.T. Discoveries Fund for over 10 years .

## WHA Group
- Type: VC Fund
- Location: Smutprakan, Samut Prakan, Thailand
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: B2B, Internet, Logistics

WHA Group offers standard logistic facilities to lease consisting of a factory for rent and warehouse for rent in Thailand.

## Indogen Capital
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Information Technology, Coworking, Supply Chain Management

Venture Capital Indonesia for sector agnostic investor in southeast asia. We are based in Jakarta with deep operating experience in Indonesia.

## Toyota Tsusho
- Type: VC Fund
- Location: Nagoya, Aichi, Japan
- Relevant deals: 1
- Stages: Corporate Round, Series A
- Focus: Automotive, Manufacturing, Software

Toyota Tsusho is the trading arm of the Toyota Group. It enriches society by creating value by the company as Metals; Global Production Parts; Logistics; Automotive; Machinery; Energy; Project; Chemicals;  Electronics; Food and Agribusiness; Consumer Products and Services;.

## BRV Capital Management
- Type: VC Fund
- Location: Wan Chai, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series C, Series A
- Focus: E-Commerce, Mobile Apps, Health Care

BRV Capital Management is a global growth investment platform that targets companies that are competitive within their respective industries. Leveraging BRV’s 20+ years of global investment track record and relevant power networks, BRV as a strategic partner invests in those who can compete with sector leaders post-global expansion.The firm hasan active presence across 6 cities (Beijing, Shanghai, Hong Kong, Seoul, Tokyo, and Silicon Valley).

## Cherubic Ventures
- Type: VC Fund
- Location: Taipei, T'ai-pei, Taiwan
- Relevant deals: 1
- Stages: Seed, Series A, Angel
- Focus: Software, Artificial Intelligence, E-Commerce

Cherubic Ventures is an early stage focused venture capital firm based in Silicon Valley and Greater China.

## Kasikorn X
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Finance, Cryptocurrency, Financial Services

Kasikorn X - Create trust in a trustless world. Empower people's lives & their businesses. Decentralized finance and beyond.

## POEMS Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Apps, Sales, FinTech

POEMS Ventures

## Chumnongsri Hanchanlash
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Software, Predictive Analytics

Chumnongsri Hanchanlash

## Ratanakorn Technology Group
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Finance, Cryptocurrency, Financial Services

Ratanakorn Technology Group

## Total Access Communication Public Company
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Mobile, Software, Service Industry

Total Access Communication Public Company Limited or DTAC is one of the leading telecommunication service providers in Thailand. Founded in August 1989, it operates 800 MHz and 1800 MHz frequency bands under a concession granted by the Communications Authority of Thailand (CAT). As of 6 September 2007, the Company's registered capital was THB4,744,161,260 of which THB 4,735,622,000 was paid-up capital and divided into 2,367,811,000 ordinary shares with a par value of THB 2.To promote the development of telecommunication services in Thailand, the private sector was allowed to participate in the telecommunication market under concessions on a Build-Transfer-Operate (BTO) basis with two state enterprises, which has been corporatized as TOT Corporation Public Company Limited (TOT) and known as TOT Public Company Limited and CAT Telecom Public Company Limited (CAT).Under the BTO arrangement, the private operators, as concession holders, are required to build network infrastructure and transfer the assets to the state agencies granting the concessions. The operators thereafter have an exclusive right to use the assets during the term of the concession and operate cellular network to provide services on a revenues sharing basis with the state agencies awarding the concessions (in our case CAT) in return for the exclusive right to the use of the allocated frequency band.

## East Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, E-Commerce

East Ventures is an early stage venture capital (VC) focused on Southeast Asia, Indonesia & Japan. Success cases include Tokopedia, Traveloka, and Mercari.

## Cassette
- Type: VC Fund
- Location: Lat Phrao, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Series A
- Focus: Apps, Sales, FinTech

Cassette offers a wide variety of IT services and solutions.

## Wavemaker Partners
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Information Technology

Wavemaker Group is a cross-border venture capital firm founded in 2003 and one of the most active early-stage investors across multiple funds.

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