Krungsri Finnovate

Krungsri Finnovate, the corporate venture capital (CVC) arm of Krungsri (Bank of Ayudhya PCL), said on Monday that it has backed three global startups including AlpacaDB, Incorp (Alpaca), Qoala Technology PTE LTD and Whale Technologies Limited.

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.

Bank of Ayudhya’s corporate venture capital arm, Krungsi Finnovate, has joined as an investor. Plan B Media Public Company Ltd and Master Ad Public Company Ltd have also announced their commitment to the company in the Series B fundraising.