Editor’s note: This article is written with the assistance of AI tools.
Thailand is cementing its position as a rising star in Southeast Asia’s entrepreneurial and investment landscape through a vibrant and evolving venture capital ecosystem.
With a focus on driving innovation and supporting scalable solutions,Thai venture capital (VC) firms are playing a pivotal role in nurturing startups and fostering economic growth.
These VCs are more than just financial backers—they actively support portfolio companies with mentorship, resources, and strategic guidance. Many focus on emerging technologies such as artificial intelligence, blockchain, fintech, and sustainability, areas poised to define the future of the global economy.
Thai venture capital firms are also creating opportunities for collaboration by connecting startups with international investors and industry leaders. This ecosystem not only accelerates local innovation but also positions Thailand as a gateway for global investors seeking to tap into the dynamic Southeast Asian market.
Furthermore, these VCs contribute significantly to Thailand’s economic transformation. By bridging the gap between funding and innovation, they empower local entrepreneurs to scale internationally, attract foreign investment, and position Thailand as a major hub for technological and business breakthroughs.
For aspiring entrepreneurs, seasoned investors, or industry professionals, Thailand’s venture capital landscape in 2024 offers unmatched opportunities to engage with cutting-edge innovation, transformative ideas, and a thriving startup ecosystem. These firms are shaping the future of Thailand’s economy while creating pathways for global success.
Here are some top venture capital firms in Thailand driving this momentum:
With a robust foundation and forward-looking vision, these VCs are leading the charge in making Thailand a cornerstone of Southeast Asia’s entrepreneurial success story.
SCB 10X
SCB 10X, the venture capital and innovation arm of Siam Commercial Bank, stands at the forefront of Thailand’s drive to become a global technology hub. Established with the vision of creating exponential growth through disruptive technologies and forward- thinking investments, SCB 10X has carved a niche as a leading enabler of digital
transformation in Southeast Asia. By investing in cutting-edge fields such as blockchain, fintech, and artificial intelligence, the firm not only supports the growth of groundbreaking startups but also fosters sustainable innovation across industries.
A defining feature of SCB 10X is its commitment to identifying and nurturing early-stage startups with the potential to transform industries on a global scale. The firm’s investment strategy transcends financial backing; it actively provides mentorship, strategic guidance, and access to an extensive network of industry leaders. This holistic approach empowers entrepreneurs to overcome challenges, scale operations, and create long-lasting impact. Through partnerships with startups in over 10 countries, SCB 10X has positioned itself as a bridge connecting Thai innovators to the global stage while bringing global expertise to Southeast Asia.
SCB 10X is also a trailblazer in blockchain technology and Web3 investments. As one of the region’s earliest adopters of decentralized technologies, the firm is shaping the future of finance and beyond. By supporting innovative projects in decentralized finance (DeFi), digital assets, and blockchain infrastructure, SCB 10X is helping build a more inclusive, transparent, and efficient financial ecosystem. Its leadership in this domain underscores Thailand’s potential to emerge as a global center for blockchain innovation.
In addition to its investment activities, SCB 10X actively participates in events such as the Techsauce Global Summit, one of Southeast Asia’s premier technology conferences. Through keynote presentations, panel discussions, and startup showcases, SCB 10X shares insights on topics ranging from scaling startups to leveraging technology for sustainability. These platforms amplify the firm’s mission to inspire collaboration, catalyze innovation, and address pressing global challenges through technology.
With a forward-thinking vision and a robust investment portfolio, SCB 10X is more than a venture capital firm—it is a driver of transformative change. By empowering entrepreneurs, championing emerging technologies, and bridging local talent with global opportunities, SCB 10X is helping shape a future where innovation leads to sustainable
growth and global impact. Its work is not only redefining Thailand’s role in the digital economy but also positioning the nation as a beacon of technological excellence.
Krungsri Finnovate
Krungsri Finnovate, the corporate venture capital arm of Krungsri Bank, is at the helm of Thailand’s fintech revolution. With a mission to drive digital transformation and foster a culture of innovation, the firm invests in startups that are redefining the future of financial services. By combining financial backing with strategic support, Krungsri Finnovate empowers entrepreneurs to develop groundbreaking solutions that enhance financial accessibility, efficiency, and sustainability across Southeast Asia.
The firm’s investment strategy focuses on identifying high-potential startups in fintech and adjacent sectors, such as artificial intelligence, blockchain, and enterprise software. Krungsri Finnovate doesn’t stop at funding; it actively collaborates with its portfolio companies to co-create innovative products and services. By integrating these solutions into Krungsri Bank’s ecosystem, the firm not only accelerates the growth of its partners
but also delivers cutting-edge offerings to millions of customers.
Krungsri Finnovate’s impact extends beyond its portfolio. The firm is a key driver of Thailand’s entrepreneurial ecosystem, bridging the gap between startups, corporates, and global investors. Through initiatives such as accelerator programs, industry partnerships, and participation in major tech events like the Techsauce Global Summit, Krungsri Finnovate creates opportunities for knowledge exchange and collaboration. These efforts strengthen the foundation of Thailand’s fintech landscape and position the country as a hub for innovation in the region.
A hallmark of Krungsri Finnovate is its focus on sustainability. By investing in startups that leverage technology to address pressing social and environmental issues, the firm aligns with global efforts to create a more equitable and sustainable future. From promoting financial inclusion to supporting green finance initiatives, Krungsri Finnovate is shaping a world where technology serves as a force for good.
With a robust portfolio, a commitment to collaboration, and a vision for the future, Krungsri Finnovate is not just shaping the trajectory of fintech innovation in Thailand—it is redefining the role of venture capital in creating meaningful impact. By empowering startups to thrive and connecting them to a broader ecosystem, Krungsri Finnovate is paving the way for a new era of financial services that are inclusive, innovative, and sustainable.
500 TukTuks
500 TukTuks, the Thailand-focused microfund of global venture capital powerhouse 500 Global, is a trailblazer in Southeast Asia’s entrepreneurial scene. Aptly named after the iconic tuk-tuk, a symbol of Thailand’s ingenuity and adaptability, 500 TukTuks represents the same spirit of resilience and innovation in the startup world. With its deep understanding of local markets and a global network of resources, the fund is fueling the next generation of Thai entrepreneurs to build solutions that can thrive both locally and internationally.
At its core, 500 TukTuks is more than just a venture capital fund; it is a community- builder that champions early-stage startups across diverse industries. From fintech an e-commerce to health tech and edtech, the fund backs bold ideas with the potential to disrupt markets and deliver transformative impact. Its investments are marked by a
hands-on approach, offering not only capital but also mentorship, strategic advice, and access to the global 500 Global network. This comprehensive support empowers startups to scale rapidly and navigate the complexities of the competitive startup ecosystem.
What sets 500 TukTuks apart is its keen focus on talent and innovation in emerging markets. Recognizing the unique challenges faced by startups in Southeast Asia, the fund is dedicated to bridging the gap between local ideas and global opportunities.
Through its accelerator programs and partnerships, 500 TukTuks creates a pathway for Thai startups to access international markets, attract global investors, and build cross-border collaborations that amplify their impact.
500 TukTuks is also a pioneer in fostering a culture of risk-taking and experimentation in Thailand’s startup ecosystem. By investing in visionary founders and unconventional ideas, the fund has contributed significantly to reshaping perceptions of entrepreneurship in the country. Its success stories have become a testament to the
potential of Thai talent and the untapped opportunities in the region.
As it continues to accelerate innovation in Thailand and beyond, 500 TukTuks remains committed to its mission of empowering bold entrepreneurs who dare to dream big. Through its unique blend of local expertise and global reach, the fund is not only helping startups succeed but also positioning Thailand as a beacon of entrepreneurial energy in
Southeast Asia.
Beacon VC
Beacon VC, the corporate venture capital arm of Kasikornbank (KBank), is a powerhouse in Thailand’s rapidly evolving startup ecosystem. With a mission to champion innovation and accelerate digital transformation, Beacon VC identifies and supports startups poised to redefine industries. As a key player in Southeast Asia’s fintech landscape, the fund bridges the gap between emerging technology and traditional financial services, driving meaningful change for businesses and consumers alike.
The fund’s primary focus is on fintech and enterprise technology, supporting startups that tackle pressing challenges with scalable, impactful solutions. Whether advancing digital payments, improving lending platforms, or streamlining financial management through data-driven tools, Beacon VC partners with entrepreneurs who push the
boundaries of innovation. Its investments align with KBank’s strategic priorities, enhancing the bank’s ability to deliver world-class services and products to its customers.
Beacon VC offers more than just funding; it provides startups with mentorship, market insights, and access to one of Thailand’s largest financial ecosystems. Through collaboration with KBank, portfolio companies gain a valuable platform to test, refine, and implement their innovations on a significant scale. This synergy creates a win-win scenario, where startups grow exponentially, and KBank continues to evolve as a leader in digital banking and financial services.
The fund’s commitment to innovation extends beyond fintech, recognizing the value of disruptive technologies like artificial intelligence, blockchain, and cybersecurity. By investing in these areas, Beacon VC contributes to building a robust digital economy in Thailand, enabling businesses and consumers to navigate the complexities of a rapidly changing technological landscape. This forward-thinking approach positions the fund as a cornerstone of progress in the region’s financial sector.
As part of its broader vision, Beacon VC fosters a culture of collaboration and entrepreneurship. It acts as a bridge between startups, corporates, and other investors, creating opportunities for partnerships that amplify impact. By nurturing a vibrant startup ecosystem in Thailand, Beacon VC plays a pivotal role in shaping the country’s future as a hub for innovation and technological advancement.
Beacon VC’s work exemplifies the transformative potential of corporate venture capital. By combining KBank’s legacy of excellence with the agility and ingenuity of startups, the fund is not just investing in businesses but also driving the evolution of entire industries.
Through its strategic focus and unwavering commitment to innovation, Beacon VC is lighting the path toward a more connected, inclusive, and innovative future for Thailand and beyond.
AddVentures by SCG
AddVentures by SCG, the corporate venture capital arm of Siam Cement Group (SCG), is redefining the intersection of innovation and industrial transformation. With a mission to drive growth through forward-thinking solutions, the fund invests in startups and technologies that align with SCG’s vision of sustainability and industry leadership.
By focusing on areas like construction tech, industrial innovation, and environmental sustainability, AddVentures is propelling SCG’s legacy into the digital age.
The fund targets startups across various stages, from early growth to scaling enterprises, offering more than just financial backing. AddVentures provides its portfolio companies with mentorship, access to SCG’s extensive network, and deep industry expertise. This partnership-driven approach ensures that startups can leverage SCG’s
decades of experience to accelerate their growth and navigate the challenges of scaling in competitive global markets.
One of AddVentures’ core strengths lies in its focus on sustainability and the circular economy. The fund actively seeks startups developing solutions to optimize resource use, reduce waste, and enhance efficiency in industries such as construction, manufacturing, and logistics. By fostering innovation in these areas, AddVentures aligns with SCG’s commitment to creating a greener, more sustainable future while driving long-term business success.
Beyond sustainability, AddVentures is a pioneer in integrating digital technologies into traditional industries. By supporting startups working in fields like artificial intelligence, robotics, and smart manufacturing, the fund is helping transform SCG’s operations and those of its partners. This digital-first strategy not only boosts efficiency and productivity but also positions SCG as a leader in industrial innovation on a global scale.
AddVentures is also dedicated to fostering collaboration within the broader startup ecosystem. Through partnerships with global accelerators, venture funds, and innovation hubs, the fund bridges Thai startups with international markets, enabling them to scale and compete on a global stage. This commitment to ecosystem building has made AddVentures a key player in shaping Thailand’s innovation landscape.
With a clear vision and a focus on creating lasting impact, AddVentures by SCG is not just investing in startups—it is building the future of sustainable industry. By blending SCG’s expertise with the ingenuity of startups, the fund is driving transformative change that benefits businesses, communities, and the environment. AddVentures’ work
exemplifies the power of corporate venture capital in fostering innovation and creating a more sustainable, connected world.