New VC funds to boost startup growth in 2024

This year, the growth of startups is anticipated to see a significant boost as several new venture capital (VC) funds emerge, following a period of slowed activity during the pandemic and recent crypto winter. Among these is the Finno Efra Fund, valued at 1.3 billion baht, co-established by EfraStructure and Krungsri Finnovate, with operations set to commence in March.

Pawoot Pongvitayapanu, the tech pioneer and angel investor behind EfraStructure, has previously invested in 48 startups. However, this year he transitioned from angel investor to investing via EfraStructure, aiming to increase the number of startups in pre-series and series A funding rounds.

“Finno Efra will groom 10 startup teams for four months, with funds of US$200,000 to US$2 million per startup.”

The fund’s investment focus is geared towards businesses driving impactful change and digital transformation…