Top Venture Capital And Private Equity Companies in Thailand

The Venture Capital (VC) and Private Equity (PE) industry in Thailand has experienced significant growth in recent years, fueled by the rapid expansion of the country's startup ecosystem and increasing investor interest in the region. This article provides an in-depth analysis of the Venture Capital & Private Equity landscape in Thailand, exploring key statistics, factors driving its growth, industry comparisons, key trends, challenges, and the future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
ARDENT CAPITAL8 +66 2 261 3540
info@ardentcapital.com

Ardent Capital is an operating venture capital firm built by a team of experienced entrepreneurs with a history of successful exits throughout Southeast Asia and globally. Ardent Capital brings a dedicated network of companies covering all aspects of e-commerce from B2C to B2B, and fulfilment in the region. Ardent Ventures invests in early stage technology companies across Southeast Asia. We focus on eCommerce opportunities - including sourcing, fulfillment, retail, demand generation and payment gateway among others - but are also open to investments in other sectors . We believe that being a great VC goes well beyond making smart investment decisions; it means contributing our operational knowledge, resources, and commitment to ensure that each of our portfolio companies reaches its maximum potential. With several successful Southeast Asian exits and a team of dedicated investors and advisors living and working in Southeast Asia, Ardent has a distinct local advantage geared towards …

OVENTURE GROUP11 (blank)
admin@oventure-group.com

Oventure is a dynamic family office (investments and management company) of a branch of the Osathanugrah family. Having divested from Osotspa Public Company, Oventure has continued to build its investment portfolio across several regions and asset classes such as public and private equity, debt markets, derivatives, and venture capital. Thai organizations and businesses we continue to manage and strengthen include Bangkok University, Shiseido Thailand, Zipcode (real estate developer) and Dib Contemporary Art Museum (to be complete in late 2023). Our motto: We invest in great businesses and empower future generations through education, art, and sustainability.

RABBIT CARE179 (blank)
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Rabbit Care is Thailands No.1 marketplace for insurance (life & non-life insurance broker) and financial products (loan & credit card advice). Our Mission is to exceed customer expectations through our digital platform and care center. We offer consumers a much improved buying experience, driven by wide selection of products from 70+ partners, simple comparison services, 5-10% better pricing (consumer financing), and 24/7 customer care. Our CARE OS technology platform allows us to deploy new products rapidly into the market to meet ever changing consumer needs, along with our CARE values: C – Comprehensive: We understand customer needs and provide personalized advice. A – Agile: We reflect on our actions and push innovations every day. R – Responsible: We build long-term relationships with customers, partners, and colleagues. E – Effortless: We simplify processes and make complex topics understandable. Rabbit Care is the leading insurtech player, gaining trust from consumers, …

STONELOTUS VENTURES7 +66 2 038 5969
contact@stonelotus.asia

Stonelotus was founded in 2010 in Bangkok, Thailand. Our mandate is support entrepreneurs and early stage businesses with growth capital and management support in order to create value for the stakeholders of each venture. Stonelotus deploys angel funding and early-stage venture capital in Asia. We add value to our portfolio of startup companies by assisting to incubate, hatch, and accelerate early stage businesses. Stonelotus does not manage an investment fund but rather syndicates investors on a deal-by-deal basis. This approach provides flexibility in terms of deal structure, deal size and sector focus. Once an investment has been made, Stonelotus acts as custodian and advocate on behalf of the investor pool as well as provides hands-on support to the founders and management of each investee company. In order to ensure alignment, the principals of Stonelotus co-invest in each deal. Our areas of expertise include: Deal Generation & Negotiation Transactions, Structuring & Le…

X VENTURES1 +66 92 499 6819
info@xventures.com

X Ventures provides legal and business representation to clients in all aspects of international technology, U.S. intellectual property, cable, satellite, broadcasting, media and telecommunications transactions in Asia and the United States. We have expertise in providing legal and business counsel in the fields of United States intellectual property protection and licensing, drafting U.S. patent and trademark applications and prosecuting the same before the U.S. Patent Office, as well as cable, satellite, broadcasting, telecommunications and mobile technology acquisition, venture capital sourcing and investments, e-commerce, cyber security and board level advisory services. We provide our Asia based clients with local access in Asia to our U.S. licensed attorneys who are admitted to practice before the U.S. Patent and Trademark Office. Asia based clients avoid the middleman and the need to retain U.S. legal counsel physically located in the United States over multiple time zones. As…

WILDCATS25 (blank)
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LoCollab supports Small and medium business growth by matchmaking businesses together to find revenue-generating business collaborations.

PRIMESTREET CAPITAL2 +66 2 613 1739
info@primestreetgroup.com

We give importance to environmental accountability, social responsibility, and ethical governance in all of our investments. We invest to make an impact to accelerate financial returns responsibily, but also to build a collaborative global network of entrepreneurs and business owners helping to solve the challenges of the 21st Century Economy. Our Venture Capital funds are global focused, investing in Pre-Series A to Series A mega trend high-growth companies (Startups) focusing on technologies and themes dealing with global urbanization to help support transformation of how we build our our communities and improve quality of life. Our Growth Capital funds are global focused, investing in id to late Series A, Series B, and Pre – IPO mega trend growth companies (Growth SME) focusing on resilient business models primed to lead in the reimaging of our New Normal. Our Real Estate funds are global focused, investing in commercial, hospitality, industrial, residential properties, land, and…

YENGO PTE. LTD.19 +66 81 174 1954
support@yengo.com

Yengo is a world class advertising tool; we use the latest technique in online advertising and traffic exchange to drive customers to your doorstep and increase traffic to your website. Yengo has pioneered a unique advertising model, whereby we attract visitors with fresh, interesting and eye catching news articles and then direct traffic to our partners sites based on the interests, geo and time targeting the partners specify. Share in our huge audience, over 22 million engaged viewers around the world, providing over one billion ad impressions and 50 million clicks per month! Yengo was created by JSC Search Technologies in 2010, which was founded in 2004 by the company Ashmanov and Partners and venture capitalist Finam Global. It strives to create brand new services relating to information search technology.

BANGKOK ENTREPRENEURS2 +66 89 032 0002
berg@bangkok-entrepreneurs.com

Since 2012, Bangkok Entrepreneurs organizes networking events, digital marketing workshops and tech conferences in Bangkok. We are creating the worlds biggest global network of entrepreneurs. Startups are the real job creators and problem solvers of this century. We want to encourage even more companies to have a global approach. http://www.bangkok-entrepreneurs.com/

VP COACHING & CONSULTING6 +66 84 245 9354
contact@vpcoachingandconsulting.com

Inspiring people and companies with the power of learning and development. Established in 2017, our business has consistently developed to meet the needs of our clients. We began as a professional business training company, evolving to become a people development organization. Business owners and professionals come to us because they have difficulties with managing people and organizations. They want to create company culture for employees to work with love and happiness. Sometimes, they also wish employees to take responsibility like a business owner. Sounds familiar? We help business owners and professionals to achieve their goals in business and personal life with positive contribution to society. They also save time from trial and error so that they could improve their organizations by leaps and bounds along with getting quality connection from our ecosystem. Why choose to work with our company: • Best-in-class business training, coaching and consulting practice to achieve la…

A2D VENTURES9 (blank)
info@a2dventures.com

A2D Ventures is on a mission to become Southeast Asias largest early-stage startup investing platform; dedicated to: (A)ccelerating the growth of promising early-stage startups, (B)uilding innovative businesses, (C)apitalizing on new opportunities, and (D)emocratizing access to the most exclusive asset class in the world — venture capital. Our team & network of seasoned ex-operators, angel investors, investment managers, and corporate leaders work closely with our portfolio companies to help them achieve their full potential. With our expertise and hyper-local network access, we identify and provide investment opportunities to Accredited Investors in promising startups across Southeast Asia, while providing emerging founders with the resources and support they need to scale their vision and shape the world we live in. At A2D Ventures, we are committed to creating a diverse and inclusive ecosystem where everyone has an equal chance to succeed. We believe in empowering entreprene…

9 CAT DIGITAL11 +66 2 441 2923
contact@9catdigital.com

9 CAT DIGITAL is a blockchain-based solution one-stop service agency, that provides comprehensive care by bringing together professionals in each sector, such as developers who expertise in smart contracts and NFT systems, data analysts, researchers, tokenomics designers, and also a marketing agency that builds local and global communities, connects with global VCs, launchpads, and influencers.

TTAM VENTURE COMPANY LIMITED4 +66 83 611 6262
info@ttamventures.com

We are primarily private equity and venture capital firm, adept in raising funds for potential projects around the globe. We offer a plethora of alternative investment platforms. Besides, we are accomplished management consultants, and strategic partners. We offer bespoke financial solutions to meet the unique needs of every investment

NR INSTANT PRODUCE PCL29 +66 2 652 0527
nrf.comsec@nrinstant.com

NR Instant produce Public Company Limited or NRF is a global producer of sustainably produced foods based in Thailand. NRF primary purpose is global food system transformation for a more inclusive and sustainable world that will enable society to transition to a low carbon world or a green economy. We believe in the near future everyone should be consuming sustainably produced foods that improve the lives of our stakeholders from our producers all the way down to our consumers. We have three primary verticals 1) Alternative proteins 2) Ethnic foods and 3) functional foods. Central to our purpose is our belief that foods produced from alternative proteins will be a part of our daily consumption and our primary strategy is to be the largest co-manufacturer of alternative protein ingredients and foods in the world.

WHATNOT STARTUP STUDIO18 +66 65 443 1772
ariel@whatnot.co

We work with organisations and teams to help them find new ways of looking at future, innovation, products and whatnot. Be simple, clear, bold, agile and daring to transform. Evolve. We have built extensive experience in the ecosystems of start-ups and brave entrepreneurs. We have seen great ideas fail and doubtful ones miraculously explode. We got our hands dirty. We proudly expose our scars. Our passion lays at making the world cleaner, lands greener, people healthier - therefore we help leaders drive this change.

HUBBA THAILAND27 +66 87 822 6222
krit@hubbathailand.com

Born as Thailands first co-working space, HUBBA grew to become an entrepreneur growth platform serving end to end from early stage startups to large conglomerates and MNCs. Armed with HUBBA CONNECT and Techsauce, our business is run on a digital platform supported by media and one of Southeast Asia best organized tech conference. HUBBA is a Google for Entrepreneur Partner Network (https://techsauce.co/en/coworking/hubba-joins-google-entrepreneurs-global-network/) Innovation Ecosystem Builder that creates award-winning workspaces, a vibrant physical and online community through our HUBBA CONNECT platform (http://connect.hubbathailand.com) and a supportive network and ecosystem of events, trainings, flagship conference like Techsauce Global Summit (http://summit.techsauce.co), content via Techsauce (http://www.techsauce.co/en) and business services to over 20,000 of our members from across the world, helping them to grow themselves, their teams and businesses HUBBA is Thailands start…

PRICEZA39 +66 2 860 6125
info@priceza.com

Our vision is to empower consumers to make smarter shopping decision anywhere anytime. We are building an ecosystem where consumers are empowered by information and stand on equal ground with the sellers. We are building a Win-Win Ecosystem for buyers and sellers where Priceza provides a ‘guarantee that verifies if the deals on offer from various retailers are as good as they seem to be. On the other hand, we are committed to boost-up sales for Ecommerce merchants/retailers by using performance-based marketing. Our company operates Priceza which is the leader of Shopping Search Engine and Price Comparison Shopping platform (website & mobile application) for SE Asia Market. The service is operating in 6 countries i.e. Thailand, Indonesia, Malaysia, Philippines, Singapore and Vietnam. Priceza helps consumers to compare prices from the most comprehensive online shopping stores attracting over 8 millions of consumers every month to Search for Products, Compare Prices, and then Priceza dr…

PROGRESS CAPITAL CO., LTD.3 +66 2 685 3966
usanee@progress-cap.com

PROGRESS CAPITAL CO., LTD. is a Thailand based international investment bank. We provide private equity investment banking, advisory, and business development services tailored to our clients needs. We are committed to assisting our clients in all aspects of a successful assignment and to achieving their growth objectives. We are focused on serving companies and their venture/private equity investors, in BRIC (Brazil, Russia, India and China) countries, besides Thailand, Malaysia, Indonesia, Philippines and S. Korea. Progress Capital Co., Ltd. is a Bangkok, Thailand headquartered boutique investment-banking firm serving both public and private middle market companies with revenue ranging from $10 million to $1 billion.

SINGHA VENTURES6 (blank)
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Singha Ventures is the corporate venture capital unit of Singha Corporation, and a part of Boonrawd Brewery Group. Singha Ventures invests primarily in three areas — consumer technologies, channel and logistics technologies, and solutions in opportunistic industries which ride along megatrends on consumer plays. We aim to invest in startups in growth stage, demonstrating a clear business model and proven traction, while helping startups to grow in Thailand and selective Asian markets where Singha has strong presence in. Our goal is to collaborate with startups to secure capabilities for the organizations long-term growth while providing startups the access to our established platform to jumpstart the next phase of growth. About Singha Corporation: Singha Corporation (“Singha”) is a flagship operating holding company of Boonrawd Brewery, Thailands leading conglomerate with strong presence in alcoholic and non-alcoholic beverage, food, consumer and property sectors. With over 85 yea…

CASTLE PARTNERS COMPANY LIMITED(blank) +66 2 381 1811
admin@castlepartners.co.th

Boutique advisory company focusing on cross-border and domestic M&As, venture capital and partnership transactions. Capitalizing on our corporate Intelligence, industry specific knowledge, and business operating landscape to bring utmost value added advisory services to our clients both Buyer Side / Seller Side for maximum business synergies, ensuring good corporate governance, regulatory compliance, and sensitive to pre-post corporate culture structures.

Top Venture Capital And Private Equity Companies in Thailand

Key Statistics from 2022: GDP and Employment

In 2022, the Venture Capital & Private Equity industry contributed 1.2% to Thailand's gross domestic product (GDP) of $540 billion, marking a substantial increase from 0.8% in 2020. This growth highlights the rising importance of the VC & PE industry as a critical driver of the nation's economic development and innovation.

The industry has also had a positive impact on employment, generating over 15,000 jobs in 2022. These roles span diverse areas, including investment management, financial analysis, legal services, and consulting, reflecting the wide range of skills required to support the industry's growth.

Factors Contributing to Growth and Success

Government Initiatives

The Thai government has played an instrumental role in fostering the growth of the Venture Capital & Private Equity industry through various initiatives. As part of the Thailand 4.0 strategy, the government has prioritized the development and adoption of digital technologies to drive innovation and increase competitiveness. Key initiatives include the establishment of digital innovation hubs, support for startup ecosystems, and the promotion of public-private partnerships to accelerate digital transformation across different sectors.

Growing Startup Ecosystem

The rapid growth of the startup ecosystem in Thailand has been a significant factor driving the expansion of the VC & PE industry. As more innovative startups enter the market, the demand for capital and strategic guidance from VC and PE firms has surged, leading to increased investment activity.

Increasing Investor Interest in the Region

Thailand's strategic location within the fast-growing Southeast Asian region has attracted considerable investor interest from both regional and global VC & PE firms. With a large, growing consumer market and a stable political environment, Thailand presents an attractive investment destination for VC and PE firms looking to capitalize on the region's growth potential.

Industry Growth and Comparison to Previous Years

Venture Capital

The venture capital sector in Thailand has experienced significant growth, with a 60% increase in the total value of VC investments compared to 2021. The growing number of innovative startups and the increasing appetite for risk among investors have contributed to the sector's expansion.

Private Equity

The private equity sector has witnessed remarkable growth, with a 45% increase in the total value of PE investments compared to 2021. As more established companies in Thailand seek capital and strategic guidance to scale their operations, the demand for PE investment has surged.

Key Trends

Technological Disruptions

The convergence of the VC & PE industry with other emerging technologies, such as artificial intelligence (AI), big data, and the Internet of Things (IoT), is driving innovation and creating new opportunities for investment. These synergistic interactions are expected to lead to more advanced solutions and services, attracting further investment into the industry.

Focus on Impact Investing and ESG

The growing emphasis on impact investing and Environmental, Social, and Governance (ESG) factors is a key trend in the VC & PE industry. As investors become more conscious of the social and environmental impact of their investments, firms are increasingly focusing on identifying opportunities that align with these values.

Cross-border Investment Opportunities

As Thailand's VC & PE industry matures, firms are increasingly exploring cross-border investment opportunities to diversify their portfolios and tap into the growth potential of neighboring markets. This trend is expected to strengthen regional integration and foster collaboration between startups and investors across Southeast Asia.

Specialization and Sector-specific Investments

The VC & PE industry in Thailand is witnessing a growing trend of specialization and sector-specific investments, as firms seek to capitalize on their expertise in specific industries such as healthcare, fintech, and e-commerce. This specialization enables investors to add more value to their portfolio companies and mitigate risks through a deeper understanding of the industry dynamics.

Challenges

Regulatory Environment

One of the main challenges facing the VC & PE industry in Thailand is navigating the complex regulatory environment. As the industry continues to evolve, ensuring compliance with existing regulations and adapting to new regulatory developments is essential for the industry's long-term success.

Talent Shortage

The VC & PE industry in Thailand faces a talent shortage, as the demand for skilled professionals outpaces the supply. To sustain the industry's growth, efforts must be made to develop a workforce capable of meeting the evolving needs of the VC & PE landscape.

Exit Strategies and Liquidity

The lack of well-developed exit strategies and limited liquidity in the Thai market presents a challenge for the VC & PE industry. As the market matures, firms will need to explore innovative exit options, such as mergers and acquisitions, secondary sales, and initial public offerings (IPOs), to ensure successful exits and return on investment.

Future Outlook

The future of Thailand's VC & PE industry appears promising, with several factors expected to shape its trajectory in the coming years:

Continued Government Support:

The Thai government's commitment to fostering the VC & PE industry is likely to result in further initiatives and investment, propelling growth in the sector.

Expansion into New Sectors:

As the benefits of VC & PE investments become increasingly evident, adoption is expected to spread across a broader range of industries, further driving the industry's growth.

Integration of Emerging Technologies:

The ongoing integration of emerging technologies, such as AI, big data, and IoT, will enable the development of more advanced solutions and services, attracting further investment into the industry.

Focus on Sustainable and Impact Investing:

As awareness of sustainability issues and impact investing grows, the VC & PE industry is likely to shift towards more responsible and transparent strategies, which can have a positive impact on both the industry and society as a whole.

Conclusion

In conclusion, the VC & PE industry in Thailand has experienced remarkable growth, driven by government initiatives, a thriving startup ecosystem, and increasing investor interest in the region. As the industry continues to evolve and overcome the challenges it faces, it is poised to play a vital role in shaping the nation's economic development and innovation landscape, positioning Thailand as a leading hub for venture capital and private equity investments in Southeast Asia.

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By Melissa Goh
Published on 30 May 2023