# Top 50 Enterprise VC (Venture Capital) Funds in Thailand in October 2023

## 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

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

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

Primestreet Capital is an investment firm.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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. 

## 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.

## 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.

## 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

## 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.

## MetaCartel Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

they aim to become the creator epicentre of the Web 3 movement,a hunting ground for the earliest of early ventures around decentralized applications and crypto experiments.they fund and support individuals and teams that aim to part-take in the collective effort towards this vision.they are a coordinating body, we are the connectors and fabric ofthe community.they are the infamous el cartel de la meta.

## 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.

## Beacon Venture Capital
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Series B, Series A, Seed
- Focus: Financial Services, Software, FinTech

Founded in 2017, Beacon VC is a wholly-owned corporate venture capital fund of Kasikornbank PLC (SET: KBANK), a leading commercial bank in Thailand with the highest mobile penetration and largest SME base. With an initial fund of $30 million, Beacon VC focuses on strategic investments in early to growth-stage technology startups covering not onlyfinancial technology (fintech) but also consumer internet and enterprise technology such as artificial intelligence (AI) and enterprise IT. In 2018, Beacon VC expanded its fund size to $135 million.

## 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.

## 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.

## 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.

## 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.

## CAC CAPITAL
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Recruiting, Internet of Things, Internet

CAC Capital is a multi-strategy corporate venture capital. It pursues absolute fund returns through diversified investments and flexible allocations to venture companies with high growth potential.Supporting the Group's open innovation through means such as support for growth and collaboration of investee venture companies through hands-onin management, marketing, finance, and operations.In addition, aiming to realize high performance as a fund, we will operate a “multi-strategy” type fund that aims to achieve absolute profits by utilizing advanced management strategies and managing and managing portfolios.

## 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!

## Hakuhodo
- Type: VC Fund
- Location: Minato, Chiba, Japan
- Relevant deals: 1
- Stages: Corporate Round, Series C, Series A
- Focus: Content, Video Games, Media and Entertainment

Hakuhodo offers services that include marketing, creative, PR, consulting, activation, business development, media & content, and technology/R&D.

## 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.

## Recruit Strategic Partners
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Software, Financial Services

Recruit Strategic Partners is a venture capital firm that invests in innovative startups from all around the world. It is a corporate venture capital arm of Recruit Holdings that seeks to invest in education and financial technology, digital healthcare, and infrastructure sectors.
It was established in 2008 and is headquartered in Tokyo, Japan.

## Global Founders Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, FinTech

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

## Fire Eyes DAO
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Cryptocurrency, FinTech

Fire Eyes DAO

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

Ratanakorn Technology Group

## Titan Capital
- Type: VC Fund
- Location: Gurgaon, Haryana, India
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Internet, Health Care

Investing behind Founders who create a Better World Operator-led early stage capital RECENT INVESTMENTS NUMBERS Let's talk numbers? Our portfolio includes 200+ companies spread worldwide across consumer internet, direct to consumer brands, SaaS, and Fintech RAISED OVER $ Billion from 100+ institutional investors EMPLOYED 80 ,000 People all over the world SERVED OVER 135 Million

## 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.

## 1982 Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Payments

Early stage venture capital investor focused on fintech in Southeast Asia

## 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.

## 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.

## 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.

## 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;.

## TVDirect (Public)
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Predictive Analytics

Commerce

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

POEMS Ventures

## 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.

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