Thailand tech startup ecosystem report q4 2017 by techsauce

THAILAND
TECH STARTUP
REPORT
Q4 2017
INVESTOR GUIDE

ABOUT TECHSAUCE
HTTP://TECHSAUCE.CO
Techsauce is Thailand's leading technology business media and publication. We are the
source for reliable, insightful news, analysis and opinion pieces on startups in Thailand and
SEA. In addition, Techsauce is the creator of
Techsauce Global Summit – First-ever Global Tech Summit in Southeast Asia
COPYRIGHT 2017 TECHSAUCE CO.,LTD

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METHODOLOGY
Since 2012, we have been researching
and collecting all facts that happened in
Thailand's startup scene. Every data
represented in this report was officially
announced in the news. No rumour is
included.
HTTP://TECHSAUCE.CO
HTTPS://SUMMIT.TECHSAUCE.CO

CONTENTS IN
THE REPORT
HTTP://TECHSAUCE.CO
• Introduction to Thailand's Market
• Overview: Digital Market
• Mergers & Acquisitions
• Startup fundraising Records
• Venture Capital & Investors

HTTP://TECHSAUCE.COHTTP://TECHSAUCE.CO
INTRODUCTION
TO THAILAND’S MARKET
68.22 M
Source: http://my-thai.org/digital-southeast-asia-thailand-2017-overview/ 
Population - Not fragmented
46.00 M Internet User (67% penetration)
90.94 M Mobile Subscription (133% vs. Population)
42.00 M Active Mobile Social Users (67% penetration)
90% Use Smart Phone to go online
30% Mobile users 4G Subscription
By 2018, Thailand will rank as the third-largest
4G market in Southeast Asia and Oceania,
accounting for 40% of total mobile subscribes
“
“

EducationAngel Groups / Clubs
HTTP://TECHSAUCE.CO
THAI TECH STARTUP ECOSYSTEM
Co-working space
EventIncubators /Accelerators Tech MediaVenture builders
Sample Notable Startups Venture Capital
Tech Companies (IPO or M&A)
Government
Startup
Association

from 2012 from 2015 from 2016 from 2017
875
1
4444
30
2
96
74
56
1
90
75
60
3
HTTP://TECHSAUCE.CO
FUNDED STARTUPS 90+
THAILAND’S STARTUP GROWTH 2012-2017
Funded startups
# of VCs & Corporations
that invested in Thailand
# of Active angel
investors in Thailand
Accelerators

THAI STARTUP ECOSYSTEM TODAY
HTTP://TECHSAUCE.CO
FROM 2012 FROM 2015 FROM 2017
Funded startups 3 60+ 90+
Total funds raised
by Thai startups
$2.1M $88.728 M+ $280.298 M+
Biggest investment round
by a Thai startup
$2M $10.7 $65M
Total funds raised by VCs $7M+ $95 M+ $305 M+
Vcs & Corporations
that invested in Thailand
1 56+ 96+
Active angel
investors in Thailand
2 30+ 44+
Accelerators 1 5 8

HTTP://TECHSAUCE.CO
MERGERS
& ACQUISITIONS

HTTP://TECHSAUCE.CO
M&A ESTIMATED AT LEAST
$108.17M
Company Founded Industry Value (in US
dollar)
Year of
Acquisition Acquirer Country of
Acquirer
2004 Online Payment
Provider - 2008 - dtac
2017 - Omise Thailand
1998 Web Portal 10.5M 1999 - Mweb
2010 - Tencent China
2000 Software undisclosed 2007 American
1994 E-commerce undisclosed 2012 Thailand
2005 Online Hotel
Booking undisclosed 2007 American
2009 Daily Deal Site undisclosed 2011 American
2010 Social
Monitoring Tool undisclosed 2011 American
Note : Rakuten TARAD - Bought back by TARAD

HTTP://TECHSAUCE.CO
$108.17M
dollar)
Year of
Acquirer
2007 Real Estate
Portal 23 M 2011 Singapore
2006 E-commerce undisclosed 2011 Malaysia
2008 E-Books undisclosed 2014 Thailand
2005 car site 14.4M 2014 Malaysia
2003 Online Payment
Gateway undisclosed 2014 Thailand
2012 marketplace undisclosed 2015
(merge) Thailand
2010 Real Estate
Portal 6M 2015 Malaysia
2013 E-Commerce undisclosed 2015 Indonesia

HTTP://TECHSAUCE.CO
$108.17M
dollar)
Year of
Acquirer
2009 Social Media
Analytics undisclosed 2015 South Korea
2013 Insurance undisclosed 2015 Thailand
2014 Social Media undisclosed 2016 Thailand
2013 Dating undisclosed 2016 Australia
Social Media
Analytics undisclosed 2016 Thailand
1998 Internet and
Design Institute 28.68M 2016 Japan
Social Media undisclosed 2017 South Korea

Fundraising
Records
HTTP://TECHSAUCE.CO

HTTP://TECHSAUCE.CO
$- 0
$30
$60
$90
$120
2011 2012 2013 2014 2015 2016 2017
1.000 3.104
9.733
42.716
33.175
86.020
105.550
Note :the number does not include the undisclosed amount of funding
ESTIMATED TOTAL FUNDING AMOUNT
RAISED IN 2011 - 2017
210%
213%
338%
-22.3%
159.29%
22.7%
*exclude ICO

25 M
First ICO-based
in Thailand
HTTP://TECHSAUCE.CO COPYRIGHT 2017 TECHSAUCE CO.,LTD
STARTUPS THAT HAVE RAISED
BIGGEST FUNDING: 2017
65 M
SERIES B

HTTP://TECHSAUCE.CO
1 M
Payment
2 M
Digital Content
104 K
Crowdfunding
2011 2012
FUNDING RAISED IN 2011,2012
AT LEAST $3.104 M

HTTP://TECHSAUCE.CO
628 K
E-COMMERCE
600 K Under 1 M 3.1M
E-logistics
400 K
Dating
160 K
MedTech
335 K
PropTech
1 M
Social Media Analytics
FUNDING RAISED IN 2013
AT LEAST $9.733M

HTTP://TECHSAUCE.CO
400 K
Construction
Undisclosed
Insurance
$350 K
(Mar: $150k, Nov $200k)
B2B Platform
500 K
Food and Restaurant
1.16 M
Hotel
100 K
Recruitment
AT LEAST $9.733M

HTTP://TECHSAUCE.CO
2 M
Payment
300 K
EdTech
620 K
112K
(via Indiegogo)
Hardware
Undisclosed
Food and Restaurant
500 K
Gaming
300 K Undisclosed
AT LEAST $42.716 M

HTTP://TECHSAUCE.CO
7 M
Digital Content
Undisclosed
Insurance
10 M
Travel
20 K
FinTech
70 K
770 K
B2B Platform
1 M 4.5 M
Hotel
500 K
AT LEAST $42.716 M

HTTP://TECHSAUCE.CO
Undisclosed
Messaging
20 K10.7 M
E-logistics
1.6M 1.5M
25 K529K  
(Mar: $109K +
Dec: $420k)
15k
640K 
(Jun: 220K,Jul:
100K, Aug: 320K)
E-commerce / Marketplace
AT LEAST $42.716 M

HTTP://TECHSAUCE.CO
7 M
Payment
2.6 M 
+Undisclosed
1.8 M
B2B Platform
5.7 M
1.88 M 670 K
300 K
Undisclosed
UndisclosedUndisclosedUndisclosed
AT LEAST $33.175 M

HTTP://TECHSAUCE.CO
2 M
Insurance
125 K
RecruitmentFinTech
UndisclosedUndisclosedUndisclosed
Travel
Undisclosed
Food and
restaurant
Undisclosed750 K
Game
5 M
AT LEAST $33.175 M

HTTP://TECHSAUCE.CO
Hardware
Undisclosed
Loyalty
Undisclosed
Real Estate
350 K
EdTech
Undisclosed
E-logistics
UndisclosedUndisclosedUndisclosed5 M
AT LEAST $33.175 M

HTTP://TECHSAUCE.CO
Undisclosed
500 K UndisclosedUndisclosed
15 M 
HQ is in IND
300 K
11 M  Series-B
Undisclosed
8 M
AT LEAST $86.02 M
Undisclosed

HTTP://TECHSAUCE.CO
FinTech
UndisclosedUndisclosed
Food and Restaurant
Series-B
Undisclosed UndisclosedSeries-B
Undisclosed
AT LEAST $86.02 M

Construction
undisclosed
HTTP://TECHSAUCE.CO
Payment
17.5 M
Pre-series A
Undisclosed
Ticket system
500 KUndisclosed (VN)
Recruitment
500 K 420 K undisclosed undisclosed
AT LEAST $86.02 M

2.5 M
MedTech
Undisclosed
Logistic
HTTP://TECHSAUCE.CO
MarTech
10 M19 M
Digital Content
Undisclosed
Reward
300K
HealthTech
Undisclosed
AT LEAST $86.02 M
EdTech
500 K
(Social Nation)

HTTP://TECHSAUCE.CO
1.5M
FinTech
25M in ICO 
& Series B+ Series A
Payment
1.15M3.2M
Series A
FinTech
AT LEAST $105.55 M (*excl ICO)

E-
1.65 M
Ecommerce / Market place
19 M
65 M
Logistic
Seed
(undisclosed)
Seed
(undisclosed)
Seed
(undisclosed)
Hotel / Travel
2.9 M Undisclosed
Seed
(undisclosed)
Seed
(undisclosed)

HealthTech
HTTP://TECHSAUCE.CO
CrowedFunding
Food & Restaurant
Retail
150K
Seed
(undisclosed)
Seed
(undisclosed)
Seed
(undisclosed)
Seed
(undisclosed)
Seed
(undisclosed)
AgriTech
Seed
(undisclosed)

HTTP://TECHSAUCE.CO
EdTech
Undisclosed
Ticket
Series A
PropTech
Seed
(undisclosed)
Car Sharing
ddfdRecruitment
3.6MSeries A
Seed
(undisclosed)
MarTech
7.4M

HTTP://TECHSAUCE.CO
FUNDING ROUNDS PER YEAR
AND TOP 5 CATEGORIES
0
8
15
23
30
2011 2012 2013 2014 2015 2016 2017
Ecommerce,
Marketplace FinTech E-logistics Payment Food & Res
Ecommerce : 29
FinTech :12
Logistics :11
Payment : 11
Food
& Restaurant : 9

HTTP://TECHSAUCE.CO
BY CATEGORY (1)
2011 2012 2013 2014 2015 2016 2017
Total
#
Deals
Total
# Co. Companies
Ecommerce/
Marketplace
1 3 6 5 9 5 29 20
Shopspot, WhatsNew Asia, Priceza,
Page365, Pomelo, StylHunt, Yogatrail, Blisby,
Golfdigg, Buzzcommerce, Sellsuki, Wishbeer,
Zilingo, Orami, Fastwork, Fixzy,
WearYouWant, Seekster, Eventbanana,
Gowabi
FinTech 2 4 2 4 12 6 Piggipo, StockRadars, PeakEngine, 
Flowaccount, Finnomena, MoneyTable
logistics 1 2 4 2 2 11 6 aCommerce, Rushbike,
Deliveree, Skootar ,GizTix, Sendit
Payment 1 2 2 2 4 11 4 2C2P, Omise, Deep Pocket, Digio
Food &
Restaurant 1 1 1 3 3 9 6 Wongnai, eatigo, ginja,
Freshket,Cookly, IndieDish

HTTP://TECHSAUCE.CO
BY CATEGORY (2)
2011 201
2 2013 2014 201
5 2016 2017
Total
#
Deals
Total
# Co. Companies
MarTech 1 1 3 2 7 5 Computerlogy*, OBVOC* ,Zanroo 
Social Nation, DGM39*
B2B platform 1 2 2 1 6 2 Playbasis, Eko
Recruitment 1 1 2 2 6 3 JobTalents, Getlinks,WorkVenture
Gaming 2 3 5 5 Ini3, Magic Box Asia, Infinity Levels,
Playlab, Sinoze
Digital Content 1 3 1 5 3 Ookbee, MEB* , Event Carnival
Hotel 2 2 1 5 3 Appy Hotel, Hotel Quickly, FavStay
Travel 1 1 2 4 4 JetRadar, Take Me
Tour,TourKrub,PenguinT
Construction 1 3 4 3 Builk, One stock home,Wazzadu
Edtech 1 1 1 1 4 3 Taamkru, SkillLane, Jabjai
PropTech 1 1 1 3 3 Hip Flat, HUBBA, Baania
Insurance 1 1 1 3 2 ASK Hanuman, Claim Di
* Acquisition

HTTP://TECHSAUCE.CO
BY CATEGORY (3)
2011 201
2 2013 2014 201
5 2016 2017
Total
#
Deals
Total
# Co. Companies
Ticketing system 2 1 3 2 Eventpop, Ticketbox
Medtech 1 1 2 2 Meditech Solutions,
Medical Departures
CrowdFunding 1 1 2 2 Anipipo, Asiola
HelthTech 1 1 2 2 Planforfit, Healthathome
Reward 1 1 2 2 DealCha, Chococard
Messaging 1 1 1 Hola
Dating 1 1 2 1 Noonswoon*
Hardware 1 1 1 Washbox24
Car Sharing 1 1 1 Drivemate
AgriTech 1 1 1 Ricult
Digital
Authentication 1 1 1 Stamp
* Acquisition

THAILAND FUNDED STARTUP LIST : EXITS
HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total
raised Valuation Founded Investors
Ask Hanuman undisclosed undisclosed - undisclosed 2013 Alpha Founders (S),  
Acquired by Rabbit Internet
Computerlogy $1 M undisclosed $1 M undisclosed 2009
InVent Capital (A),  
Acquired by Yello Digital
Marketing
Meb $1.59 M - $1.59 M 2013 Acquired by Officemate
Moxy undisclosed - undisclosed 2013
Acquired by Whats New
Group , then M&A with Bilna
(rebranded to be Orami)
Noonswoon $400 K undisclosed - undisclosed 2013
Andrew Vranjes (S),
Chintaka Ranatunga (S),
Golden Gate Ventures (S) 
Acquired by DateTix
One2car $14.4 M - undisclosed 2002 Acquired by iCar Asia
Paysbuy undisclosed - undisclosed Acquired by Omise
Storylog undisclosed - undisclosed 2014 Acquired by Ookbee
OBVOC undisclosed - undisclosed Acquired by Thoth Zocial
DGM39 undisclosed - undisclosed Acquired by LINE
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total
aCommerce

$3.1 M $10.7 M $5 M $10 M $65 M $93.8 M undisclosed 2013
Ardent Capital (S&A &
A2), Asia PacificCapital(A),
CyberAgent Ventures
(S & A), Sinar Mas (A &A2),
Inspire Ventures (A&A2),
NTT Docomo (S & A), JL
Capital (A), Sumitomo
Corporation Equity Asia
(A), Bluesky
Venture(A4,B), 
DKSH(A3,A,4,B)
Emerald Media (B) 
MDI Ventures (A4,B)
2C2P $1 M

$2 M $7 M

$10 M undisclosed 2003
DMP (A),
GMO Ventures (B &C),
Amun Capital (C)
Ookbee

$2 M

$7 M

$19 M $28 M undisclosed
IT Works
(1999),
Ookbee 2011
Invent (A),
Transcosmos (B) 
TenCent (C)
Playlab

$5 M

$5 M undisclosed 2012 Monk’s Hill Ventures (B)
THAILAND FUNDED STARTUP LIST : SERIES C&B
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors
WearYouWant $1.5 M undisclosed undisclosed $ 1.5M + undisclosed 2011
DMP VC (A), Starttoday
(B1),Sebrina Holdings
(B2)
IMJ (A), Julien Chalte
(A),Kimura Shinji (B1),
Opt SEA (A,B1)
Omise $3 K $2.6 M $17.5 M
undisclosed
of 
(Series B+) 
 
and 
 
$25 M in ICO
$ 23.1M+ 
& 
 
$25M (ICO)
undisclosed 2013
East Ventures (S &A),
500Startups (A)
500TukTuks (A),
SMDV (A,B),  
Ascend Capital (A,B),
Golden Gate Ventures
(A,B)
SBI Investment (B) 
Ittipat Peeradechapan
(S), Krungsri (B+)
Pomelo $1.6 M undisclosed $11 M $19 M $ 31.6 M+ undisclosed 2013
Jungle Ventures (S,A),
500 Startups (S,A), Fenox
Venture Capital (S &S2),
QueensBridge Venture
Partners (S),
Tovio Annus (S)
Jonathan Price (A) 
Andre Hoffmann (A)
JD.com (B) 
Provident Capital Partners (B)
Lombard Private Equity (B) 
Central Group (B) 
Start Today Ventures (B)
Wongnai undisclosed undisclosed - undisclosed 2010
Recruit Strategic
Partners (A) 
Invent (B)
Priceza undisclosed undisclosed - undisclosed 2010
CyberAgent Ventures
(A)
Hubert Burda Media (B)
Eatigo undisclosed $15.5M $15.5 M+ undisclosed 2013 TripAdvisor (B)
THAILAND FUNDED STARTUP LIST : SERIES C&B
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO
THAILAND FUNDED STARTUP LIST : SERIES A
Seed Series
A
Series
B
Series
C Exit
Claim Di

undisclosed $2 M

$2 M+ undisclosed 2000
Cyber Agent Venture (A),
500 Startups (S&A),
Golden Gate Ventures (S&A), Mike
Prasad (S), Takeshi Ebihara
(Rebright Partners) (S), Samer
Karam (S),
T(ommy Chia (Super Aces Ventures)
(S), Ravi Agarwal (engageSpark).
(S),
dtac Accelerate (A), Double A (A)
Deep Pocket 
(T2P)

undisclosed

undisclosed undisclosed undisclosed
500Startups (S) , 500Tuktuks (S) ,
Benchachinda Group (S), J Venture
(A)
Digio


Invent (A)
Eko

$1 M $5,7 M

$2 M $8.7 M undisclosed
2012 500 Startups (S),
Tigerlabs (S),
Wavemaker Labs (S),
Gobi Partner (A,A2) 
ITOCHU (A2)
Eventpop

$500 K

undisclosed $ 500 K+ undisclosed 2015
KK Fund (S), Opt SEA(S), Hirokazu
Mashita(S), Ittipat Peeradechapan
(S), InVent (A), Beacon (A)

HTTP://TECHSAUCE.CO
Seed Series
A
Series
B
Series
C Exit
FavStay

$ 2.9 M $2.9 M undisclosed

500TukTuks (A), Dusit Thani (A)
Finnomena

undisclose
d $ 3.2 M $ 3.2 M+ undisclosed 2016 Krungsri (A), Benchachinda (A) 
500TukTuks (S,A),dtac(pre-S)
Getlinks

$125 K $500 K undisclosed $625 K+ undisclosed 2015
500 Startups(S2), CyberAgent
Ventures(S), Axis Capital Partners
(A), Wellesleys (A)
Giztix undisclose
d $ 1.65 M $ 1.65 M+ undisclosed 2015
AddVentures (A), WaveMaker (A),
KKfund (S), 500Tuktuks(S,A), dtac
(pre-S)
HotelQuickly

$1.16 M $4.5 M

$5.66 M undisclosed 2012
Boon Hwee Koh (A),
GREE (A2),
William E. Heinecke (A)
Ini3

undisclosed

undisclosed undisclosed 2004 SoftBank Ventures Korea
JetRadar

$10 M

$10 M undisclosed 2009 iTech Capital (A)

Medical
Depatures $2.5 M $ 2.5 M undisclosed 2014
DMP(A), Hubert Burda
Media(A), CyberAgent
Ventures(A), OPT SEA(A)
Orami

$15 M $ 15 M $ 30 M undisclosed 2016
Sinar Mas Digital
Ventures (SMDV), Gobi
Partners, Facebook Co-
founder, Ardent Capital,
Velos Partners
Playbasis $23 K $350 K $770 K $1.8 M $2.943 M undisclosed 2012
Adrian Vanzyl (S1),
Ardent Capital (S2),
Khailee Ng (S3),
500 Startups (S3 & A),
Axis Capital Corp (S3),
Cherubic Ventures
(S3 & A), InVent (A)
Sendit undisclosed undisclosed undisclosed 2015 Ascend Capital (A)
Stamp undisclosed undisclosed undisclosed 2015 Golden Gate Ventures
(A), Altpoint Ventures (A)
Work Venture

$420 K $ 3.6 M $ 4.02 M undisclosed 2014 Sommaphat Traisorat (S) 
undisclosed for Series A
Zanroo $ 7.4M $ 7.4 M undisclosed ShiftVenture (A)
Zilingo

$1.88 M $ 8 M

$9.8M
undisclosed 2015
Sequoia Capital (S,A)
Susquehanna
International Group (A)
Venturra Capital (A)
BEENEXT (A)
Beenos Partners (A)
Digital Garage (A)
Wavemaker Partners (A) 
Kunal Shah (S)
Sandeep Tandon (S)
Teruhide Sato (S)
HTTP://TECHSAUCE.CO
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO
THAILAND FUNDED STARTUP LIST : SEED FUNDING
2011 2012 2013 2014 2015 2016 2017 Total
Anipipo

$104.29 K

$104.29 K undisclosed 2011 Kentaro Sakakibara (S), Samurai
Incubate (S)
Appy Hotel

$500 K undisclosed

$500 K+ $2 M 2013 Unlimited Capital (S & A)
Asiola

undisclosed - undisclosed 500 TukTuks (S)
Blisby

$300 K

$300 K undisclosed 2013 500 Startups (S), DeNA (S), East
Ventures (S)
Builk

$400 K

undisclose
d

$400 K+ undisclosed 2009
Project Planning Service PLC (S),
Pawoot
millconsteel
Buzzcommer
ce

undisclosed
-
undisclosed 2014 East Ventures (S)
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total
Cloud 
Commerce undisclosed - undisclosed
2016
Pawoot Pongpitayapanu (S) 
500Tuktuks (S)
Chococard

$300 K

$300 K+ undisclosed SME Private Equity Trust by GSB
Cookly undisclosed
-
undisclosed
2015
500TukTuks (S)
DealCha

undisclosed
-
undisclosed 2015
500TukTuks (S),Next Tech (S),
SOLERA Investment (S), Robert
Lomnitz (S)
Deliveree undisclosed - undisclosed 2015 Ardent Capital (S), Inspire
VEntures (S)
Drivebot

$112 K

$ 112 K undisclosed 2013 Crowdfunded via Indiegogo
DriveMate undisclosed - undisclosed 2016 500TukTuks (S), dtac (S)
Event
Carnival

undisclosed
-
undisclosed 2014 East Ventures (S)
EventBanana undisclosed - undisclosed

500TukTuks (S)
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO
Fastwork

undisclosed

- undisclosed 2016 500TukTuks (S), dtac (pre-S)
Fixzy undisclosed $300 K undisclosed $ 300K + undisclosed 2015
Iyara VC (S1), Three
undisclosed angels
(S2),SCassest (S3)
Freshket

undisclosed - undisclosed 2016 500TukTuks (S), dtac (pre-S)
Getlinks $125 K $500 K $625 K undisclosed 2015 500 Startups(S2), CyberAgent
Ventures(S)
Ginja undisclosed - undisclosed

500TukTuks (S)
GolfDigg $700 K $700 K $2.8 M 2013 InVent Capital (S)
GoWabi undisclosed - undisclosed 2015 500TukTuks (S)
Hola undisclosed - undisclosed 2013 undisclosed
Healthathome undisclosed - undisclosed 2015
dtac (pre-S)
Muangthai Insurance (S)
500Tuktuks (S)
HUBBA $350 K $350 K undisclosed 2012
500 Startups(S), 500
TuksTuks(S), Ardent Capital
(S)
Golden Gate Ventures (S) 
Hipflat $335 K $335 K undisclosed 2012
8capital Partners (S),
Chang Ng (S),
Crystal horse Investments (S),
Kris Nalamlieng (S)

HTTP://TECHSAUCE.CO
201
IndieDish

undisclosed - undisclosed
dtac (pre-S),  
500Tuktuk (S)
Infinity Levels

$500 K

$500 K undisclosed 2013 InVent Capital (S)
Jobtalents

$100 K

$100 K undisclosed 2013
Natavudh Pungcharoenpong (S),
Sangboon Sangmanee (S),
Polapat Udomphol (S)
Jubjai

$500 K

$500 K undisclosed
Magic Box Asia

$300 K

$300 K $3,358,338 2013
Quan (S),
Natavudh Pungcharoenpong (S),
Pawoot Pongpitayapanu (S),
Suphachai Kanjanasakchai (S),
East Ventures (S)
Meditech
Solution

$160 K

$160 K $562 K 2009 InVent (S)
MoneyTable

1.5M $ 1.5 M undisclosed
Kejora (S), K2Venture (S)
Chualapayap Srikarnchana (S)
Chatchaval Jiaravanon (S)
Nasket $150K $150K undisclosed
OneStockHome

undisclosed
-
undisclosed
2009
500TukTuks (S)
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO
201
Page 365

$109 K $420 K

$529 K undisclosed 2012
Galaxy Ventures (S2),
Inspire Ventures (S)
PeakEngine $20 K $20 K undisclosed 2014 True Incube (S), M8VC (S)
PenguinT undisclosed - undisclosed 500Tuktuk (S)
Piggipo

$70 K undisclosed

$70 K+ undisclosed 2013
Ookbee (S), dtac (S),
500TukTuks (S),  
GoldenGate Venture (S)
PlanforFit undisclosed
-
undisclosed

muru-D (S), RCL Accelerator (S)
Ricult

undisclosed
-
undisclosed dtac (pre-S) 
500 TukTuks (S)
Seekster

Digital Ventures (S) 
dtac (S) 
500 TukTuks (S)
Skilllane

undisclosed undisclosed
-
undisclosed 2014
Metaliq Growth Partners (S) 
Ittipat Peeradechapan (S2) 
500Tuktuk (S1)
Social Nation

500K

undisclosed
 
 
 
$ 500 K + undisclosed 2014
InVent (S), BDMI (S), Danhua
Capital (S), Greycroft Partner (S),
Index Ventures (S), Suisse
Capital Global Management,
Virtual Reality Investments (S),
Wonder Ventures (S)
STYLHUNT

$25 K

$500 K
 
 
 
$525 K undisclosed
2014
500 TukTuks (S2), CyberAgent
Ventures (S2), Expara IDM
Ventures (S2), Singapore Angel
Network (S2), JFDI.Asia (S1) 
Paul Pattarapon Sinlapajan
Tourkrub

undisclosed
 
- undisclosed
2014 500TukTuks (S)

VENTURE CAPITAL
& INVESTOR
HTTP://TECHSAUCE.CO

HTTP://TECHSAUCE.CO
2012 2013 2014
Undisclosed
Undisclosed
7 M (Annually) 25 M
Undisclosed
Undisclosed Undisclosed
Undisclosed
12.7 M
2015
10 M
9.3 M
10 M
VC FUNDS RAISED IN 2012 -2017
AT LEAST $ 305.778 M

VC FUNDS RAISED IN 2012 -2017
AT LEAST $ 305.778 M
2016
50 M
2017
45 M
2.868 MUndisclosed Undisclosed
19.96 M30 M 4.3 M
L
30 M
14.65 M UndisclosedUndisclosed
Undisclosed Undisclosed Undisclosed

MOST ACTIVE VCs IN THAILAND
HTTP://TECHSAUCE.CO
2
0
1
1
2
0
1
2
2013 2014 2015 2016 2017 Total
deal Portfolio companies
500 Startups 6 3 3 12 Playbasis (S3 &A),Pomelo (S) Taamkru (S), HUBBA (S), Blisby(S), ClaimDi
(S,A),Eko (S), Yogatrail (S), Omise (A), getlinks(S), Deep Pocket (S)
500 TukTuks
10 12 17 48 Blisby (S), HUBBA (S), Omise (B),Flowaccount (S), Skootar (S),
Wisebeer (S), Takemetour (S), Stylhunt (S), Washbox24 (S),ClaimDi (A) 
 
Piggipo (S), DeepPocket (S,A), Fastwork (S), GizTix (S,A), Ginja (S),
TicketBox (S), Finnomena (S,A), OneStockHome (S), Skilllane (S2),
StockRadars (S),Pomelo(A), Cloud Commerce (S) 
 
Cookly(S),Freshket(S),Favstay(A),Tourkrub(S),Asiola(S), Baania (S),
Drivemate (S), Seekster (S), IndieDish (S), Event Banana (S), Ricult (S),
Health at Home (S), DealCha (S), Gowabi (S), PenguinT (S)
8capital Partners 1 1 Hipflat (S)
AddVentures 1 1 Giztix (A)
Alpha Founders 1 1 ASK Haunman (S)
Altpoint Ventures 1 1 Stamp (A)
Amun Capital 1 1 2C2P (C)
Ardent Capital 1 2 2 1 6 Playbasis (S2 &S3), Whats New Asia (S), Deliveree (S), HUBBA (S), Orami (A)
Ascend Capital 2 1 3 Omise (A,B), Sendit (A)
Asia Pacific Capital 1 1 aCommerce (A)
Axis Capital Corp 1 1 1 Playbasis (S3), Getlink (A)
Beacon VC 2 2 Flow account (S2), Eventpop (A)
BEENEXT 1 1 Zilingo (A)
Benchachinda Group 1 1 2 Deep Pocket (S), Finnomena (A)

2011 2012 2013 2014 2015 2016 2017 Total
Beenos
Partner
1 1 Zilingo (A)
Blue Sky
Venture
1 1 2 aCommerce (A4,B)
Central Group 1 1 Pomelo (B)
Cherubic
Ventures
1 1 Playbasis (S3 &A)
Crystal Horse
Investments
1 1 Hipflat (S)
CyberAgent
Ventures
2 1 2 2 7 aCommerce (S &A), Priceza (A), StockRadars (S),
Medical Departures (A), ClaimDi (A), getlinks(S)
DeNA 1 1 Blisby (S)
Digital Media
Partners (DMP)
1 1 1 1 4 2C2P (A) WearYouWant (A) & (B), Medical Departures (A)
Digital Garage 1 1 Zilingo (A)
Digital
Ventures
1 3 4 Ripple*, Pulse ID*, IndoorAtlas*, Paykey*, Seekster (S) 
* Not Thai companies

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total
DKSH 1 1 1 3 aCommence (A3,A4,B)
dtac
1 4 6 11 12 34 Fast in flow(pre-S),Piggipo(S),StoryLog(pre-S),DriveBot(pre-S),ClaimDi,
(A),Skootar(pre-S),TakeMeTour(pre-S),SuperRFQ(pre-S),GizTix(pre-
S),TechFarm(pre-S),ZmyHome(pre-S), Finnomena(pre-S),
WearandShare(pre-S), Fabbrigade(pre-S), Savinsure(pre-S),
Freshket(pre-S), Fastwork(pre-S), CloudCommerce(pre-S), Health at
Home(pre-S), Visionear(pre-S), PlanforFit (pre-S), Eventpass(pre-S 
Drivemate (S), Seekster (S) 
Cookly (pre-S), Creden (pre-S), Globish (pre-S), IndieDish (pre-S),
Ricult (pre-S), ScoutOut (pre-S), Senseino (pre-S), Shiftspace (pre-S),
Tixget (pre-S), Tourkrub (pre-S)
Dusit Thani 1 1 FavStay(A)
Emerald Media 1 1 aCommerce (B)
Expara
Ventures
1 1 Stylhunt (S)
Fenox Venture
Capital
1 1 2
Pomelo (S1 & S2)
Galaxy
Ventures
1 1 Page 365 (S)
GMO Partners 1 1 2 2C2P (B&C)

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total
Gobi Partners 1 1 1 3 Eko (A,A2), Orami
Golden Gate
Ventures

1 1 4 1 1 8 Noonswoon (S), HUBBA (S), ClaimDi (S,A),
Omise (A,B), Stamp (A), Piggipo (S), Flowaccount (S2)
GREE 1 1 Hotel Quickly (A2
Hubert Burda
Media

2 2 Medical Departures (A), Priceza (B)
iCar Asia 1 1 One2car (Acquisition)
IMJ Investment
Partners

2

2 Taamkru (S), WearYouWant (A)
Inspire Venture 2 2 4 aCommerce (A &A2), Page 365 (S) deliveree (S)
InVent

1 2 1 3 3 3 13
Ookbee (A), Meditech (S),Computerlogy (A),
Golfdigg (S), Infinity Levels (S), Sinoze (S),
Playbasis (A), ShopSpot (S), Wongnai (B),  
Social Nation (S), Digio (A), Shopback* (A), Eventpop (A) 
 
*SG startup
iProperty Group 1 1 ThinkofLiving (Acquisition)
iTech Capital 1 1 JetRadar (A)
ITOCHU 1 1 Eko (A2)
J Venture 1 1 Deep Pocket (A)
JD.com 1 1 Pomelo (B)
JFDI.Asia 1 2 3 Shopspot (S), Rushbike (S), StylHunt (S)

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Totaldeal Portfolio companies
JL Capital 1 1 aCommerce (A)
Jungle Ventures 1 1 1 3 Shopspot (S), Pomelo (S,A)
K2Ventures 1 1 Money Table (S)
Kejora 1 1 Money Table (S)
Krungsri 2 2 Finnomena (A), Omise (B+)
KK Fund 2 2 Eventpop(S), Giztix (S)
Lombard Private
Equity
1 1 Pomelo (B)
M8VC 1 1 PeakEngine (S)
Muangthai Insurance
(S)
1 1 HealthatHome (S)
M&S Partners 1 1 Taamkru (S)
MDI Ventures 1 1 2 aCommerce (A4,B)

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Totaldeal Portfolio companies
Metaliq Growth
Partners
1 1 SkillLane (S)
Millconstell 1 1 Builk (?)
Monk’s Hill Venture 1 1 Playlab (B)
Muru-D 1 1 Planforfit (S)
NTT Docomo
Ventures
1 1 2 aCommerce (S &A)
Next Tech 1 1 DealCha (S)
Ookbee 3 3 Taamkru (S), Piggipo (S), Ticketbox
OPT SEA 1 1 2 4 WearYouWant (A) & (B1), Eventpop(S),Medical
Departures (A)
Priceza 1 1 Primecapture (S)
Project Planning
Service (PPS)
1 1 Builk (S)
Provident Capital
Partners
1 1 Pomelo (B)
Quan 1 1 Magic Box Asia (S)
Queensbridge
Venture Partners
1 1 Pomelo (S)

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies
Recruit Holdings 1 1 Wongnai (A2)
Recruit Strategic
Partners
1 1 Wongnai (A)
Sansiri
6 6 Standard International, Hi-End, One Night,
Hostmaker,JustCo, Farm shelf, Monocle 
*** Not Thai companies
SC Asset 1 1 Fixzy (S3)
Sebrina Holdings 1 1 WearYouWant (B2)
Sequola Capital 1 1 2 Zilingo (S,A)
Samurai Incubate 1 1 Anipipo (S)
SBI Investment 1 1 2 Omise (B), Flowaccount (S2)
ShiftVenture 1 1 Zanroo(A)
SMDV 1 1 2 4 aCommerce (A &A2), Omise (A,B), Orami (A)
Singtel Innov8 1 1 2 Shopspot (S2)
Softbank
Ventures Korea
1 1 ini3 (?)
SOLERA
Investment
1 1 DealCha (S)
Start Today 1 1 WearYouWant (B1)
Sumitomo Equity
Corporation Asia
1 1 aCommerce (A)
Susquehanna
Int.Group
1 1 Zilingo(S,A)

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies
Tencent Holdings 1 1 Ookbee (C)
Tigerlabs 1 1 Eko (S)
Transcosmos 1 1 Ookbee (B)
TripAdvisor 1 1 Eatigo (B)
True Incube 2 1 3 Sellsuki (S), PeakEngine (S)
Unlimited Capital 1 1 2 Appy Hotel (S & A)
Ventura Capital 1 1 Zilingo (A)
Velos partners 1 1 Orami (A)
Wavemaker 1 1 1 3 Eko (S), Zilingo (A), Giztix (A)
Wellesleys 1 1 Getlink (A)

HTTP://TECHSAUCE.CO
MOST ACTIVE ANGELS IN THAILAND
Andre Hoffmann
Andre Vranjes
Chang Ng
Chintaka Ranatunga
Chualapayap Srikarnchana
Dave McClure
Eduardo Saverin
Hirokazu Mashita
Ittipat Peeradechapan
Jakob Lykkegaard
Jonathan PriceChatchaval Jiaravanon

HTTP://TECHSAUCE.CO
Julien Chalte
ken Sakakibara
Khailee Ng
Koh Boon Hwee
Kris Nalumlien
Kunal Shah
Mike Prasad
Natavudh Pungcharoenpong
Paul Pattarapon
Pawoot Pongvitayapanu
Piyaphan WongyaraKimura Shinji
FRT

HTTP://TECHSAUCE.CO
Polapat Udomphol
Ravi Agarwal
Samer Karum
Sangboon Sangmanee
Sommaphat Traisorat
Songphon Chaovanayothin
Supachai Kanjanasakchai
Sven Ernst
Takeshi Ebihara
Teerachart Kortrakul
Teruhide SatoSandeep Tandon

HTTP://TECHSAUCE.CO
Tiwa York
Toivo Annus
Tommy Chia
Vinnie Lauria
Watchara Kaewsawang
William E Heincke
Yod ChinsupakulVachara Aemavat

HTTP://TECHSAUCE.CO
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