The Digital Economy Promotion Agency (Depa) plans to invest 20 million baht in a selected Series A startup in its portfolio next year to support its scalability and boost investment confidence among venture capitalists (VCs).
This would be the biggest start up investment made by Depa.
There are six startups at the Series A stage in Depa’s portfolio. They comprise Arincare, an e-pharmacy platform; QueQ, a queue management system; Haup, a car-sharing service platform; Drivemate, an online car-rent platform; Globish, an English learning platform; and Schoolbright, a school management platform.
Depa president and chief executive Nuttapon Nimmanphatcharin said the agency has been supporting local startups for years, and it has 110 in its portfolio.
Depa’s angel fund offers 1 million baht for startups operating between 1-3 years and 5 million for those operating between…
