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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– 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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