Krungsri Finnovate

About

Krungsri Finnovate is a venture capital firm aiming to be a strategic investor supporting startups to grow toward their set goals.

Bangkok,Krung Thep,Thailand
https://www.krungsrifinnovate.com/en/

Highlights

Details

Industries: Big Data,Blockchain,Cyber Security,Financial Services,FinTech,InsurTech,Venture Capital
Founded date: Mar 27, 2017
Operating Status: Active
Legal Name: Krungsri Finnovate Company Limited
Also Known As: Krungsri Finnovate,KFIN
Investor Type: CVC

Krungsri Finnovate’s core mission is to provide comprehensive strategic investments with a focus on helping startups achieve their goals through corporate venture capital; strategic partnerships that yield concrete outcomes as a result of cooperation amongst the relevant business units of the Bank and supporting the ecosystem of startups in order to promote sustainable growth for the startups’ businesses.

We have established a fund with venture capital of USD150 million, and aim to enhance the ecosystem of startups located both domestically and internationally. Our goal is to promote the sustainable growth of startups that are related to our businesses or customers. We collaborate with them to develop innovative financial solutions and ultimately encourage them to become Unicorn startups.

Funds Raised

Announced Date	Fund Name		Money Raised
Nov 11, 2021	Finnoventure Fund I		$100M

Investments

Number of Investments

Number of Lead Investments

22

8

Krungsri Finnovate has made 22 investments. Their most recent investment was on Oct 25, 2022, when Choco CRM raised $8M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 25, 2022 Choco CRM	Series C	$8M	Software	—
Sep 19, 2022 ADDX	Series B	$5M	Blockchain	—
Sep 12, 2022 Forward	Seed	$5M	Cryptocurrency	—
May 24, 2022 ADDX	Series B	$58M	Blockchain	—
Mar 23, 2022 Zipmex	Series B	$11M	Asset Management	—