Top 10 Venture Capital Firms in Thailand in 2024 (2024)

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Top 10 Venture Capital Firms in Thailand in 2024 (1)Nicolás Cerdeira

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January 22, 2024

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Top 10 Venture Capital Firms in Thailand in 2024 (2)

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The startup community has been growing in Thailand in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in Thailand.

Top 10 Venture Capital Firms in Thailand in 2024 (3)

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1) 500 Startups

Top 10 Venture Capital Firms in Thailand in 2024 (8)

500 Global is a globally renowned venture capital firm investing in early-stage tech companies.

Details of the VC firm:

  • Country: USA, India, United Kingdom, Brazil, France, Hong Kong, Singapore, United Arab Emirates, Azerbaijan, Egypt, Bahrain, Saudi Arabia, Thailand, China, Malaysia, Cambodia, South Korea, Taiwan
  • City: San Francisco, Austin, Las Vegas, Mexico City, Miami, New York, São Paulo, Washington, Abu Dhabi, Baku, Cairo, Dubai, Manama, Riyadh, Bangalore, Bangkok, Hangzhou, Ho Chi Minh City, Jaipur, Kuala Lumpur, Nagoya, Phnom Penh, Seoul, Shanghai, Taipei, Tokyo
  • Started in: 2010
  • Founders: Christine Tsai, Dave Mcclure
  • Industries: SaaS, Media, E-Commerce, Consumer, Healthcare, Proptech & Real Estate, Hardware & Industrials, Education, Devops, Fintech, Crypto & Blockchain
  • Stages: Early Stage, Seed
  • Minimum check size: $50,000
  • Maximum check size: $250,000
  • Number of investments: 2600
  • Number of exits: 339
  • Funds raised: $67,000,000,000
  • 3 remarkable investments: Canva, Solana, Reddit

You can find their website here.

You can send them an email at info@500startups.com.

2) MassChallenge

Top 10 Venture Capital Firms in Thailand in 2024 (9)

MassChallenge is a startup accelerator providing early-stage capital and mentorship to startups across North America and Europe.

Details of the VC firm:

  • Country: USA, Israel, Mexico, Switzerland, South Korea, Australia, China, Colombia, France, Poland, Ireland, Taiwan, Thailand, United Kingdom, Spain, Russia, Morocco
  • City: Boston, Texas City
  • Started in: 2010
  • Founders: John Harthorne, Akhil Nigam
  • Industries: Fintech, Healthcare, Cybersecurity, Climate & Sustainability
  • Stages: Early Stage
  • Maximum check size: $2,000,000
  • Number of investments: 2103
  • Number of exits: 562
  • Funds raised: $8,600,000,000
  • 3 remarkable investments: Frenalytics, Neurava, SheFly

You can find their website here.

You can send them an email at info@masschallenge.org.

3) Cyber Agent Capital

Top 10 Venture Capital Firms in Thailand in 2024 (10)

CyberAgent Capital is a Japanese fund primarily investing in Asian startups in the early stages.

Details of the VC firm:

  • Country: China, South Korea, Thailand, Japan, USA, Taiwan, Vietnam, Indonesia
  • City: Beijing, Jakarta, Shanghai, Shenzhen, San Francisco, Seoul, Tokyo, Bangkok, Taipei, Ho Chi Minh City
  • Started in: 2006
  • Founders: Hirofumi Kondo
  • Industries: Fintech, Entertainment, SaaS, AI & ML, Education, AR & VR, Consumer, Proptech & Real Estate, DTC, IoT, Healthcare, Marketplace
  • Stages: Seed, Early Stage
  • Number of investments: 249
  • Number of exits: 40
  • Funds raised: $185,800,000
  • 3 remarkable investments: Selly, Recruitery, Dagangan

You can find their website here.

You can send them an email at cac_public@ext.cyberagent.co.jp.

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4) Gobi Partners

Top 10 Venture Capital Firms in Thailand in 2024 (11)

Gobi Partners is an Asian venture capital firm backing entrepreneurs from early to growth stages since 2002.

Details of the VC firm:

  • Country: Malaysia, Hong Kong, Thailand, China, Indonesia, Pakistan, Philippines, Singapore
  • City: Kuala Lumpur, Hong Kong, Bangkok, Beijing, Ho Chi Minh City, Jakarta, Lahore, Manila, Shanghai, Singapore
  • Started in: 2002
  • Founders: Thomas Tsao
  • Industries: AI & ML, Biotech, Crypto & Blockchain, E-Commerce, Education, Food & Beverage, Hardware, Healthcare, Supply Chain & Logistics, Marketplace, Media, SaaS, Transportation, AR & VR, Agriculture, Automative, Sports, Fintech
  • Stages: Seed, Early Stage, Series A
  • Minimum check size: $1,600,000
  • Number of investments: 183
  • Number of exits: 12
  • Funds raised: $430,500,000
  • 3 remarkable investments: Animoca Brands, Liveme, Tuniu

You can find their website here.

You can send them an email at mail@gobi.vc.

5) Quest Ventures

Top 10 Venture Capital Firms in Thailand in 2024 (12)

Quest Ventures is an Asian venture capital firm since 2011.

Details of the VC firm:

  • Country: China, Malaysia, Indonesia, Vietnam, Kazakhstan, Singapore, Philippines, USA, South Korea, Thailand
  • City: Jakarta, Singapore, Ho Chi Minh City, Kuala Lumpur, Manila, San Francisco, Nur-Sultan, Seoul, Bangkok, Almaty, Beijing, Shanghai
  • Started in: 2011
  • Founders: James Tan
  • Industries: AI & ML, E-Commerce, Marketplace, Entertainment, Fintech, Food & Beverage, InsurTech, Supply Chain & Logistics, Media, Proptech & Real Estate, Sports
  • Stages: Early Stage
  • Number of investments: 152
  • Number of exits: 30
  • Funds raised: $120,000,000
  • 3 remarkable investments: 99.co, Carousell, Carro

You can find their website here.

You can send them an email at info@questventures.com.

6) Openspace Ventures

Top 10 Venture Capital Firms in Thailand in 2024 (13)

Openspace is a multistage, sector-agnostic VC firm with an emphasis on consumer, healthcare, finance, enterprise, Web3 and frontier technologies sectors.

Details of the VC firm:

  • Country: Singapore, Indonesia, Vietnam, Thailand, Philippines
  • City: Singapore, Jakarta, Ho Chi Minh City, Bangkok, Manila
  • Started in: 2014
  • Founders: Hian Goh, Shane Chesson
  • Industries: Consumer, Health & Wellness, SaaS, Media, Education, Agriculture, Fintech
  • Stages: Early Stage, Series A, Series B
  • Minimum check size: $15,000,000
  • Maximum check size: $20,000,000
  • Number of investments: 79
  • Number of exits: 5
  • Funds raised: $425,000,000
  • 3 remarkable investments: Redmart, Whispir, Sorabel

You can find their website here.

You can send them an email at ideas@openspace.vc.

7) Expara Ventures

Top 10 Venture Capital Firms in Thailand in 2024 (14)

Expara is a Singaporean venture capital firm investing in SouthEast Asian startups since 2007.

Details of the VC firm:

  • Country: Thailand, Vietnam
  • City: Bangkok, Ho Chi Minh City
  • Started in: 2003
  • Founders: Douglas Abrams
  • Industries: Food & Beverage, IoT, E-Commerce, Healthcare, Travel & Hospitality, Social, Marketplace, Government Technology, Cloud, Proptech & Real Estate, Fintech, AI & ML, Health & Wellness, Gaming, Climate & Sustainability, Education, Hardware, Biotech, API, SaaS, Media, Agriculture, Drones
  • Stages: Early Stage
  • Number of investments: 77
  • Number of exits: 9
  • 3 remarkable investments: Gheorg, Systemstone, Compliy

You can find their website here.

You can send them an email at inquiries@expara.com.

8) Vertex Ventures

Top 10 Venture Capital Firms in Thailand in 2024 (15)

Vertex Ventures is a Singaporean venture capital investing in companies in Southeast Asia and India from seed to series B stages.

Details of the VC firm:

  • Country: Singapore, India, Indonesia, Thailand
  • City: Singapore, Bangalore, Jakarta, Bangkok
  • Started in: 1988
  • Founders: Jonathan Heiliger, Yoram Oron
  • Industries: Fintech, Internet & Mobile, Crypto & Blockchain, Consumer, Food & Beverage, Enterprise, Marketplace, Agriculture
  • Stages: Seed, Series A, Series B
  • Minimum check size: $1,000,000
  • Maximum check size: $10,000,000
  • Number of investments: 65
  • Number of exits: 7
  • Funds raised: $1,900,000,000
  • 3 remarkable investments: ChattyBao, Binance, Aruna

You can find their website here.

You can send them an email at hello@vertexventures.com.

9) Aera VC

Top 10 Venture Capital Firms in Thailand in 2024 (16)

Aera VC is a sector-agnostic and geography-agnostic VC firm but preferentially invests in frontier and deep tech.

Details of the VC firm:

  • Country: New Zealand, Australia, Thailand, Hong Kong, USA
  • City: Auckland, Sydney, Bangkok, Hong Kong, New York, Los Angeles
  • Started in: 2017
  • Founders: Derek Handley, Keenan Kwok, Nick Winstone
  • Industries: Climate & Sustainability, Deep Tech & Hard Science, Aerospace & Space, Food & Beverage
  • Stages: Early Stage
  • Number of investments: 21
  • Number of exits: 1
  • Funds raised: $30,000,000
  • 3 remarkable investments: 54Gene, Aqua Cultured Foods, CabriCrete

You can find their website here.

You can send them an email at hello@aera.vc.

10) K2 Venture Capital

Top 10 Venture Capital Firms in Thailand in 2024 (17)

K2 Venture Capital is a corporate venture fund that prefers to invest in fintech, insurance, big data, machine learning, IoT and blockchain sectors in Thailand.

Details of the VC firm:

  • Country: Thailand
  • City: Bangkok
  • Started in: 2017
  • Founders: Stanley Wang
  • Industries: Fintech, InsurTech, Big Data & Analytics, AI & ML, IoT, Crypto & Blockchain
  • Stages: Early Stage
  • Number of investments: 5
  • Number of exits: 2
  • Funds raised: $20,000,000
  • 3 remarkable investments: Tyson 2.0, UangTeman, MoneyTable

You can find their website here.

You can send them an email at info@k2-vc.com.

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Top 10 Venture Capital Firms in Thailand in 2024 (18)

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Top 10 Venture Capital Firms in Thailand in 2024 (2024)

FAQs

What is the largest venture capital firm in Thailand? ›

As of August 2023, 500 Startups was the leading venture capital firm in Thailand with the highest funding value raised, amounting to 67 billion U.S. dollars. Other leading venture capital firms also include MassChallenge and Vertex Ventures.

What is the most successful VC firm? ›

Following is a list of the top 15 venture capital firms in 2023.
  • Sequoia Capital. AUM: $28B. Location: Menlo Park, CA. ...
  • Andreessen Horowitz. AUM: $35B. ...
  • Kleiner Perkins. AUM: $6.8B. ...
  • Khosla Ventures. AUM: $15B. ...
  • New Enterprise Associates (NEA) AUM: $20B. ...
  • Founders Fund. AUM: $11B. ...
  • First Round Capital. AUM: $3B. ...
  • Accel. AUM: $50B+
Jan 1, 2024

What is the venture capital ecosystem in Thailand? ›

Thailand's venture ecosystem encompasses a diverse set of stakeholders that engage directly with startups during their ideation, incubation, and scaling phases. Thai startups benefit from diverse funding sources, including CVCs, VCs, and angel investors.

Which country is best for venture capital? ›

US, China and the UK lead globally in terms of VC investment over the past few years. Explore VC investment trends globally here on the app. Table with 7 columns and 20 rows. Currently displaying rows 1 to 10.

Who are the largest investors in Thailand? ›

China was the leading foreign investor in Thailand in 2023, with Singapore in second place and the United States ranked third with 40 projects valued at $2.3 billion.

What is the richest company in Thailand? ›

As of March 12, 2024, PTT Public Company LTD is the most valuable company in Thailand, with a market cap of $27.42 billion. Following it are AIRPORTS OF THAILAND ($26.83 billion) and DELTA ELECTRONICS (THAILAND) ($24.75 billion).

What are the hottest VC sectors in 2024? ›

The industries VCs are funding. As we continue moving into 2024, some of the trending industries and hot sectors that venture capitalists are investing in include defense technology, AI and blockchain, fintech, space technology, sustainable solutions, and biotech.

Who are the Tier 1 VCs? ›

Tier-1 VC
  • Andreesen Horowitz.
  • Khosla Ventures.
  • SV Angel.
  • Accel Partners.
  • NEA.
  • Sequoia.
  • Venrock.
  • First Round Capital.

How much does a VP at a VC firm make? ›

How Much Do Vice President Venture Capital Jobs Pay per Hour?
Annual SalaryWeekly Pay
Top Earners$244,500$4,701
75th Percentile$190,000$3,653
Average$157,532$3,029
25th Percentile$115,000$2,211

What is the key industry in Thailand? ›

Its three main economic sectors are agriculture, manufacturing, and services. Thailand is noted for its economic volatility, partly a consequence of political instability dating to the 1930s.

What business is Thailand known for? ›

Manufacturing, agriculture, and tourism are leading sectors of the economy. The economy is heavily export-dependent, with exports accounting for more than two-thirds of gross domestic product (GDP). Thailand exports over US$105 billion worth of goods and services annually.

Why is Thailand a good place to expand a business? ›

Thailand is located at the centre of most ASEAN countries which provides easy access to surrounding countries and trading routes. It is also known that Thailand provides numerous incentives to foreign investors who run their business in Thailand.

What is better than venture capital? ›

While VC firms and angel investors are focused on early-stage funding, private equity firms will invest in businesses more mature businesses so long as there is the potential for substantial growth. The portfolio companies tend to be more mature, with sustainable income and growth.

Who is the largest venture capital firm? ›

Rankings by Total Managed AUM
RankProfileType
1.Andreessen HorowitzVenture Capital Firm
2.Sequoia CapitalVenture Capital Firm
3.Dragoneer Investment GroupVenture Capital Firm
4.New Enterprise AssociatesVenture Capital Firm
65 more rows

Which state is best for venture capital? ›

More than half of all venture capital funding flows to just two states: California (40.2%) and New York (12.3%). But on a relative basis, Massachusetts leads the nation with $32,800 in VC funding per $1 million in state GDP.

Who is the largest asset manager in Thailand? ›

SCBAM is the largest asset management company in Thailand, with a 19.6% market share by combined AUM at end-2022.

What is the largest brand in Thailand? ›

Largest companies in Thailand by market cap
#NameC.
1PTT PCL 1PTT-R.BK🇹🇭
2Airports of Thailand 2AOT.BK🇹🇭
3Delta Electronics (Thailand) 3DELTA.BK🇹🇭
4Advanced Info Service (AIS) 4ADVANC.BK🇹🇭
56 more rows

What is the biggest sector in Thailand? ›

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Thailand from 2012 to 2022. In 2022, the share of agriculture in Thailand's gross domestic product was 8.81 percent, industry contributed approximately 35 percent and the services sector contributed about 56.19 percent.

What is the largest entertainment company in Thailand? ›

Top Entertainment companies In Thailand
  • Gmm Grammy Plc. GMM Grammy was first set up to operate Music and Television business. ...
  • Gamer. ...
  • Major Cineplex. ...
  • Rs Group. ...
  • Freelance Audio. ...
  • Mono Technology Public Company Limited. ...
  • Toyo. ...
  • Major Cineplex.

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