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Krungsri Finnovate

Investor type Corporate Venture Capital


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 18
Average round size
The average size of a deal this fund participated in
Portfolio companies 14
Rounds per year 3.60
Lead investments 2
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees Soon
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Financial Services
  • FinTech
  • Software
  • Transportation
  • Analytics

In 2017 was created Krungsri Finnovate, which is appeared as VC. The main department of described VC is located in the Bangkok. The venture was found in Asia in Thailand. Krungsri Finnovate seemed to be an CVC arrangement as part of the organization.

The typical case for the fund is to invest in rounds with 2-3 participants. Despite the Krungsri Finnovate, startups are often financed by 500 Startups, SMDV, Golden Gate Ventures. The meaningful sponsors for the fund in investment in the same round are 500 TukTuks, Sumitomo Corporation, SBI Investment. In the next rounds fund is usually obtained by SMDV, Openspace Ventures, Nomura Securities.

We can highlight the next thriving fund investment areas, such as Mobile Payments, Financial Services. The fund has no specific favorite in a number of founders of portfolio startups. Among the various public portfolio startups of the fund, we may underline Silot, Omise For fund there is a match between the country of its foundation and the country of its the most frequent investments - Thailand. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund.

The important activity for fund was in 2017. Deals in the range of 5 - 10 millions dollars are the general things for fund. Considering the real fund results, this VC is 40 percentage points more often commits exit comparing to other organizations. The fund is generally included in 2-6 deals every year.

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Typical Co-investors
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Financial Services
Trading Platform
$58M24 May 2022 Singapore, Central Region, Singapore


Financial Exchanges
$11M23 Mar 2022 Singapore, Central, Singapore


21 Nov 2021 Krung Thep, Thailand


Financial Exchanges
$41M30 Aug 2021 Singapore, Central, Singapore


Cloud Computing
24 Aug 2021 Thailand


Information Technology
Social Media Marketing
$7M17 Aug 2021 Krung Thep, Thailand

Flash Express

Courier Service
Delivery Service
Freight Service
$150M07 Jun 2021 Thailand

AppMan Co.,Ltd

Auto Insurance
Health Insurance
Life Insurance
Sales Automation
$4M17 Feb 2021 Thailand

Flash Express

Courier Service
Delivery Service
Freight Service
$200M11 Oct 2020 Thailand, Bangkok
Flash Group Raises $150M in Funding

– Flash Group is a logistics startup from Bangkok, Thailand.
– The company raised $150m in Series D+ and Series E funding.
– The Series D+ was led by SCB10X with participation from Thailand’s Chanwanich Security Printing Company.
– The Series E round was led by Buer Capital with participation from existing investors SCB10X, eWTP Capital, PTTOR, TCP Group’s Durbell, and Krungsri Finnovate.
– The company intends to use the funds to expand operations and its development efforts and grow its business reach.


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