# Top 50 Marketplace Startup Investors in Thailand in May 2026

## Swiss Founders Fund
- Type: VC Fund
- Location: Saint Gallen, Sankt Gallen, Switzerland
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Internet, Information Technology

Swiss Founders Fund is a seed and early stage investment fund based in St.Gallen, Switzerland. SFF invests in and builds companies globally.

## 500 TukTuks
- Type: VC Fund
- Location: Mountain View, California, United States
- Relevant deals: 5
- 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. 

## Hustle Fund
- Type: VC Fund
- Location: San Carlos, California, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Hustle Fund is a seed fund that seeks to invest in early-stage startups operating in software, business to business, fintech, and digital health sectors.

## Zenos Schmickrath
- Type: Angel
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Real Estate, Rental Property, Property Management

Zenos Schmickrath

## Jungle Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 4
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Software, Financial Services

Jungle Ventures is one of Southeast Asia's largest independent venture capital firms based in Singapore. We invest in early and growth-stage startups in Southeast Asia and India, focused on building category-defining businesses that stand the test of time.

## Simon Baker
- Type: Angel
- Relevant deals: 4
- Stages: Seed, Series B
- Focus: Real Estate, Property Management, Internet

Simon Baker - Executive Chairman @ Property Portal Watch

## Marc Stilke
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Real Estate, Rental Property, Energy Management

Marc Stilke

## Kiren Tanna
- Type: Angel
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: E-Commerce, Real Estate, Rental Property

Kiren Tanna is the Co-founder and CEO at Una Brands. Kiren Tanna attended University of Mumbai.

## AngelCentral
- Type: VC Fund
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Property Management, Real Estate

AngelCentral empowers angels in Southeast Asia with quality deal flow, syndication services, and lots of learning. It organizes regular curated pitch sessions, angel education workshops, and provides syndication services. The idea for AngelCentral started in late 2016 as a community initiative by the Partners to share their personal experiences andlessons learned on angel investing.

## Jakob Angele
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Rental Property, Real Estate, Property Management

Jakob oversees is the CEO at Foodpanda - Romania and Bulgaria.

## Pawoot Pom Pongvitayapanu
- Type: Angel
- Relevant deals: 3
- 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"

## SCB 10X
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 3
- Stages: Series B, Series A, Seed
- Focus: FinTech, Financial Services, Cryptocurrency

SCB 10X From Experiment to Exponential Growth

## Tim Marbach
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Angel, Series A
- Focus: Marketplace, Rental Property, Real Estate

Tim is a global entrepreneur and venture investor. He started his first company bonial.com in 2008 and sold it to German media conglomerate Axel Springer SE in 2011. In 2013, Tim relocated to South East Asia and has since co-founded and invested in many successful consumer internet companies through his private internet holding company Asia VentureGroup. Those companies have successfully raised several hundred million USD in follow-on venture capital and employ several thousand employees across the global. Those companies include HappyFresh, iPrice Group, iMoney (sold to iSelect), FlowerChimp, audibene (sold to Sivantos/EQT), Scalable Capital (sold to BlackRock), Jewelcandle (sold to Equistone), Vicampo (sold to Burda), CARS24, Movinga, Homebell, Fave, Stoyo and many more.

## NVEST VENTURE
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Retail, Shopping, Software

Since 2014, N-Vest Venture has helped transform many disruptive ideas into practical and scalable businesses

## Ardent Capital
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 3
- 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

## Galaxy Ventures Co., Ltd
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 3
- 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

## 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.

## Wavemaker Partners
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- 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.

## Asymmetry Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, Biotechnology

Asymmetry Ventures invests in scalable early-stage companies with exceptional defensibility.

## InVent
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 2
- 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.

## 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.

## Joy Capital
- Type: VC Fund
- Location: Changyang, Beijing, China
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: E-Commerce, Food and Beverage, Software

JOY CAPITAL invests in startups of both early and growth stages and focuses on TMT and innovative consumption sectors. “Do Hard Things with JOY”. JOY CAPITAL keeps partnering with entrepreneurs for helping them make right decisions at key moments during a startup’s developments and sharing the hardship and joy with them while starting theirbusiness. Founding partners of JOY CAPITAL have invested in more than 80 startups and over 10 portfolios they’ve invested in are unicorns.

## ECG-Research
- Type: VC Fund
- Location: Din Daeng, Krung Thep, Thailand
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Logistics, E-Commerce, Retail

ECG-Research is a private equity firm that focuses on growth businesses in Thailand.

## Brian Ma
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Property Management, Real Estate, FinTech

Brian Ma is the Founder and Managing Partner at Iterative Capital.
Co-Founder at Decide.com, recently acquired by Ebay. He is a serial entrepreneur, angel investor, and advisor at various startups.

## KK Fund
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- 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.

## Vision Knight Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: Artificial Intelligence, Information Technology, Food and Beverage

Vision Knight Capital Fund I,L.P. (hereinafter referred to as“VKC”) is a private equity fund focusing mainland China’s retail/consumer, internet and e-commerce sectors.At VKC, we have successfully integrated operation experts and investment experts to form a unique team. Our team consists of China’s top corporate senior managements andinvestment professionals with years of operation and investment experience. They have specialized industrial expertise and outstanding operation performance in China’s internet, e-commerce and retail sectors. In addition to the capital investment to the portfolio company, VKC’s unique operation and investment team also provide real value added services such as operation enhancement and business model transformation/upgrade, with the vision to enhance the portfolio company’s core value and in return be recognized in the capital market.

## 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.

## Ross Veitch
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Real Estate, Internet, E-Commerce

Ross is CEO & Co-Founder at Wego, an online travel marketplace (aka travel metasearch) operating across APAC and MENA backed by top-tier investors including Tiger Global, Crescent Group, Square Peg Capital, MNC Group and MEVP.
Ross is a veteran of the Asian internet industry having established Yahoo!s Southeast Asian operations in Singaporeback in 1998 and leading product development efforts across the region for 6+ years. He is also Singapore Co-Chair of H2, the premier global leadership network for the digital industry.
Ross has been an active angel investor in the technology sector for a decade and enjoys working with other passionate entrepreneurs. He has worked in Sydney, Melbourne, London, Kuala Lumpur and is now splits his time between Singapore and Dubai. He travels frequently for business but not nearly enough for leisure.

## JJ Chai
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Information Technology, Real Estate, Rental Property

JJ Chai is the CEO & co-founder at Rainforest. He attended National University of Singapore.

## DKSH
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 1
- Stages: Series C
- Focus: Internet, Logistics, E-Commerce

DKSH is the leading Market Expansion Services provider with a focus on Asia, helping businesses grow in existing markets and expand into new ones.

## 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.

## SOLERA Investment
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Payments, Shopping

SOLERA Investment is an Asia venture capital business expertise.
Their company provides seed capital, as well as hands-on development support in all three of our branches in Hong Kong, Beijing, and Tokyo, in order to accelerate the growth of the investment.

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

## 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.


## 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.

## 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.

## MDI Ventures
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Series B, Seed, Series A
- Focus: Software, E-Commerce, FinTech

MDI is a corporate venture capital initiative by Telkom Indonesia and is set as an independent entity with its own funding processes. MDI uniquely combines a VC model with service in providing companies with access to operational help after making a financial investment.MDI works closely with global accelerators and venture firms to bringproprietary technology from other mature markets into various businesses of Telkom Indonesia.

## Cento Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: E-Commerce, Finance, Internet

Cento Ventures is a venture capital firm specialised in under-invested emerging digital markets, primarily Malaysia, Thailand, Indonesia, the Philippines and Vietnam. Since 2011, we have been backing digital companies that blend local insights with proven digital business models. We support entrepreneurs in their ambition to build companies thatare regional leaders in Southeast Asia.Cento is a Series A investor, committing on average US$1M initially, and up to US$4M over the lifetime of each investment.

## King Power International Co.,Ltd.
- Type: VC Fund
- Location: Ratchathewi, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Series A
- Focus: Travel, Tourism, E-Commerce

King Power International Group is a leading travel retail group, based in Bangkok.
King Power began in 1989, with a license granted for Thailand's first downtown duty free shop at Mahatun Plaza. In 1995, King Power won the sole concession to operate duty-free shops at Don Mueang Airport, then Bangkok's main airport.

## Next Tech LLC
- Type: VC Fund
- Location: Philadelphia, Pennsylvania, United States
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Payments, Shopping

A Tech company focused on changing the tech we use.

## Gokul Rajaram
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Financial Services, FinTech

Gokul Rajaram is the Product and Business Helper at Doordash and currently in Pinterest and Coinbase as board member.

## Paul Ark
- Type: Angel
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Seed, Convertible Note, Initial Coin Offering
- Focus: Mobile, Sustainability, AgTech

Finance, strategy, technology, retail & real estate professional with over 25 years of on-the-ground management and deal experience in North, South, and Southeast Asia, with tenures in Silicon Valley and on Wall Street. Active angel investor and venture capitalist.

## Government Savings Bank
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Travel, Tourism, Software

Government Savings Bank provides various banking products and services in Thailand. It offers deposit products, including savings deposits, fixed deposits, and current accounts; personal, housing, business, and factoring loans; cards; and insurance, foreign exchange, financial, and Internet and mobile banking services. It began operation in 1913.It has its headquarters in Bangkok 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;.

## Spiral Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Internet, Information Technology

Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office toSingapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market.In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm.taken from https://spiral-ventures.com/en/group-info/

## Hiro Mashita
- Type: Angel
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Internet, Financial Services, SaaS

Hiro Mashita - Founder & Director @ M&S Partners

## 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).

## Carsten Rahlfs
- Type: Angel
- Location: Cologne, Nordrhein-Westfalen, Germany
- Relevant deals: 1
- Stages: Series A
- Focus: Rental, Real Estate, Residential

Carsten Rahlfs is Managing Partner at Waterland Private Equity and leading the office in Hamburg. Since 2009, he has been involved in the following transactions and portfolio companies: ATOS, GolfRange, MEDIAN, Ranger Marketing, RHM, SenioCare, VivaNeo, Zentrum Gesundheit, Schönes Leben and Coeo Inkasso.Before joining Waterland, Dr. Rahlfs hasbeen Managing Director of the French consumer goods manufacturer Staub Group, being responsible for Sales, Marketing and Supply Chain Management. As Head of Corporate Development at Zwilling J.A. Henckels AG he was responsible for the acquisitions of Staub Group and Demeyere N.V. (Belgium). Before that he worked for Tchibo GmbH in Hamburg. Dr. Rahlfs started his career as Top-Management-Consultant with McKinsey & Company in Hamburg where he worked mainly in the consumer goods sector.He obtained a Master’s Degree in Business Administration and received a Ph.D. (Dr. rer. pol.) in Finance Theory and Strategic Management, both at the University of Lüneburg, Germany.

## Altara Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Seed, Series C
- Focus: Health Care, Software, Information Technology

Altara Ventures aims to invest in the fintech, consumer, enterprise software, logistics, healthcare and edutech verticals.

## Robert Lomnitz
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Payments, Shopping

Robert Lomnitz

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co