Several new venture capital (VC) funds are expected to accelerate the growth of startups this year after activity slowed during the pandemic and “crypto winter” the past few years.
Among the new funds are the Finno Efra Fund worth 1.3 billion baht. The fund is slated to start operating in March in a partnership with EfraStructure and Krungsri Finnovate.
The former was founded by tech pioneer and angel investor Pawoot Pongvitayapanu to invest in startups, while the latter is an investment arm of Krungsri.
Another VC fund is expected to be set up by True Incube, a startup incubator under True Corporation.
Startups play a crucial role in driving innovation and stimulating Thailand’s economy, said Mr Pawoot.
Mr Pawoot…
