We keep telling you that Southeast Asia is seeing an investment spree investment spree The Ken How SE Asia finally caught the eye of A16z and other western tech VCs Read more like never before. That both local and global investors are pouring money into promising companies promising companies The Ken Indonesian digi bookkeepers BukuKas, BukuWarung vs a monetisation riddle Read more .
Come one, come all
Who’s your backer, bank or brewer? Thai firms bear startup funding weight
The startup investment scene in Thailand isn’t like the rest of Southeast Asia. From Siam Cement Group to beer maker Singha, corporate venture capital manages most of the space. But the country is now struggling to produce startups to grow into deals
Corporate venture capital is powerful in Thailand, representing an estimated 80% of investment deals in the country
Funds like Krungsri Finnovate, Kasikorn Bank’s Beacon fund and AddVentures from Siam Cement Group are doubling with new funds and broad investment goals
Thai startups, though, are suffering from the double punch of Covid-19 and the closure of early stage programs that had been vital
But regional VCs are arriving, the domestic stock market is calling out for digital listings and there’s optimism among investors