Thai tech startup ecosystem report 2017

THAILAND
TECH STARTUP
REPORT
INVESTOR GUIDE
Q2 2017

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 Summit – the one of leading international tech conference in SEA.
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 TODAY
Co-working space
EventIncubators /Accelerators Tech MediaVenture builders
Notable Startups Venture Capital
Tech Companies (IPO or M&A)
Government
Startup
Association

from 2012 from 2015 from 2016
75
1
44
30
2
74
56
1
75
60
3
HTTP://TECHSAUCE.CO
FROM LESS THAN 3
FUNDED STARTUPS TO OVER 75
THAILAND’S STARTUP GROWTH 2012-2016
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+ 75+
Total funds raised
by Thai startups
$2.1M $88.728 M+ $174.748 M+
Biggest investment round
by a Thai startup
$2M $10.7 $19M
Total funds raised by VCs $7M+ $74 M+ $311 M+
Vcs & Corporations
that invested in Thailand
1 56+ 79+
Active angel
investors in Thailand
2 30+ 44+
Accelerators 1 5 7

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
$23
$45
$68
$90
2011 2012 2013 2014 2015 2016
1.000 3.104
9.733
42.716
33.175
86.020
Note :the number does not include the undisclosed amount of funding
ESTIMATED TOTAL FUNDING AMOUNT
RAISED IN 2011 - 2016
210%
213%
338%
-22.3%
159.29%

SERIES ASERIES ASERIES A
15 M
SERIES A
17.5 M
SERIES B
19 M
SERIES C
8 M10 M11 M
HTTP://TECHSAUCE.CO
STARTUPS THAT HAVE RAISED
BIGGEST FUNDING: 2016

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
Real Estate
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
E-logistic
HTTP://TECHSAUCE.CO
AdTech
10 M19 M
Digital Content
Undisclosed
B2B Platform
300K
HealthTech
Undisclosed
AT LEAST $86.02 M
EdTech
500 K

FUNDING RAISED IN Q1-2 2017
HTTP://TECHSAUCE.CO COPYRIGHT 2016 TECHSAUCE CO.,LTD
Recruitment
Series A
1.5M
FinTech
25M
in ICO Series A
Payment
Undisclosed
Marketplace
Undisclosed

HealthTech
FUNDING RAISED IN Q1-2 2017
HTTP://TECHSAUCE.CO
CrowedFunding
Travel
2.9 M Undisclosed
Undisclosed
Food & Restaurant
Undisclosed Undisclosed
Retail
150K
EdTech

HTTP://TECHSAUCE.CO
FUNDING ROUNDS PER YEAR
AND TOP 5 CATEGORIES
0
8
15
23
30
2011 2012 2013 2014 2015 2016
Ecommerce,
Marketplace FinTech E-logistics Payment Food & Res
Ecommerce : 24
FinTech :8
E-Logistics : 9
Payment : 7
Food
& Restaurant : 6

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 1 25 17
Shopspot, WhatsNew Asia, Priceza,
Page365, Pomelo, StylHunt, Yogatrail, Blisby,
Golfdigg, Buzzcommerce, Sellsuki, Wishbeer,
Zilingo, Orami, Fastwork, Fixzy,
WearYouWant
E-logistics 1 2 4 2 9 6 aCommerce, Rushbike,
Deliveree, Skootar ,GizTix, Sendit
Fintech 2 4 2 2 10 6 Piggipo, StockRadars, PeakEngine, 
Flowaccount, Finnomena, MoneyTable
Food &
Restaurant 1 1 1 3 2 8 5 Wongnai, eatigo, ginja,
Freshket,Cookly
Payment 1 2 2 2 2 9 4 2C2P, Omise, Deep Pocket, Digio

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

HTTP://TECHSAUCE.CO
BY CATEGORY (3)
2011 201
2 2013 2014 201
5 2016 2017
Total
#
Deals
Total
# Co. Companies
Medtech 1 1 2 2 Meditech Solutions,
Medical Departures
Ticket system 2 2 2 Eventpop, Ticketbox
CrowdFunding 1 1 2 2 Anipipo, Asiola
Messaging 1 1 1 Hola
Dating 1 1 1 Noonswoon
Social Media
Analytics 1 1 1 Computerlogy
Hardware 1 1 1 Washbox24
HelthTech 1 1 1 Planforfit

THAILAND FUNDED STARTUP LIST : EXITS
HTTP://TECHSAUCE.CO
2011 201
2 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 2013
Andrew Vranjes (S),
Chintaka Ranatunga (S),
Golden Gate Ventures (S) 
Acquired by DateTix
One2car $14.4 M - undisclosed 2002 Acquired by iCar Asia
Storylog undisclose
d
- undisclosed 2014 Acquired by Ookbee
OBVOC undisclose
d - undisclosed Acquired by Thoth Zocial
DGM39 undisclo
sed - undisclosed Acquired by LINE
Seed Series
A
Series
B
Series
C Exit

HTTP://TECHSAUCE.CO

2011 2012 2013 2014 2015 2016 Total raised Valuation Founded Investors
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)
WearYouWant $1.5 M undisclosed undisclosed undisclosed 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
*Biggest
investment
round in
Thailand*
$20.4 M 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)
Wongnai undisclosed undisclosed undisclosed undisclosed undisclosed 2010
Recruit Strategic
Partners (A) 
Invent (B)
Priceza undisclosed undisclosed undisclosed undisclosed 2010 CyberAgent Ventures (A)
Hubert Burda Media (B)
Eatigo undisclosed undisclosed $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
2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors
aCommerce

$3.1 M $10.7 M $5 M $10 M $28.8 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),MDI Venture (A3), Bluesky
(A3),DKSH(A3)
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)
Digio

undisclosed

undisclosed

Invent (A)
Eko

$1 M $5,7 M

500 Startups (S),
Tigerlabs (S),
Wavemaker Labs (S),
Gobi Partner (A)
FavStay

$ 2.9 M - undisclosed 500TukTuks (A), Dusit Thani (A)
HotelQuickly

$1.16 M $4.5 M

Boon Hwee Koh (A),
GREE (A2),
William E. Heinecke (A)
Ini3 undisclosed - undisclosed 2004 SoftBank Ventures Korea
JetRadar $10 M $10 M undisclosed 2009 iTech Capital (A)

Medical
Departures

$2.5 M

undisclosed 2014
DMP(A), Hubert Burda
Media(A), CyberAgent
Ventures(A), OPT SEA(A)
Orami

$15 M $15 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

Adrian Vanzyl (S1),
Ardent Capital (S2),
Khailee Ng (S3),
500 Startups (S3 & A),
Axis Capital Corp (S3),
Cherubic Ventures
(S3 & A), InVent (A)
Pomelo

$1.6 M undisclosed $11 M $12.6 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)
HTTP://TECHSAUCE.CO
Seed Series
A
Series
B
Series
C Exit

Sendit undisclosed - undisclosed 2015 Ascend Capital (A)
Stamp undisclosed - undisclosed 2015 Golden Gate Ventures (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
Anipipo

$104.29 K

$104.29 K undisclosed 2011 Kentaro Sakakibara (S), Samurai
Incubate (S)
Appy Hotel $500 K undisclose
d
$500 K+ $2 M 2013 Unlimited Capital (S & A)
Asiola undisclos
ed - 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
undisclose
d

- undisclosed 2014 East Ventures (S)
Cloud 
Commerce
undisclose
d - undisclosed
2016
Pawoot Pongpitayapanu
Chococard $300 K $300 K+ undisclosed SME Private Equity Trust by GSB
Cookly

undisclos
ed - undisclosed

500TukTuks (S)
Deep Pocket

undisclose
d

- undisclosed

500Startups (S) , 500Tuktuks (S) ,
Benchachinda Group (S)
Deliveree

undisclose
d

- undisclosed 2015 Ardent Capital (S), Inspire
VEntures (S)
Drivebot $112 K $ 112 K undisclosed 2013 Crowdfunded via Indiegogo
Eventpop

$500 K

$500 K undisclosed 2015
KK Fund (S), Opt SEA(S), Hirokazu
Mashita(S), Ittipat Peeradechapan
(S)
Event
Carnival
undisclose
d
-
undisclosed 2014 East Ventures (S)

HTTP://TECHSAUCE.CO
Fastwork

undisclosed

- undisclosed 2016 500TukTuks (S), dtac (pre-S)
Finnomena

undisclosed - undisclosed 2016 500TukTuks (S),dtac(pre-S)
Fixzy undisclosed $300 K undisclosed - undisclosed 2015
Iyara VC (S1), Three
undisclosed angels
(S2),SCassest (S3)
Freshket undisclosed - undisclosed 2016 500TukTuks (S), dtac (pre-S)
Flowaccount undisclosed undisclosed
-
undisclosed 2014 500TukTuks (S), Beacon VC
(S)
Getlinks $125 K $500 K $625 K undisclosed 2015 500 Startups(S2), CyberAgent
Ventures(S)
Ginja undisclosed - undisclosed

500TukTuks (S)
Giztix undisclosed - undisclosed 2015 KKfund (S), 500Tuktuks(S),
dtac (pre-S)
GolfDigg $700 K $700 K $2.8 M 2013 InVent Capital (S)
Hola

undisclosed - undisclosed 2013 undisclosed
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
Infinity Levels

$500 K

$500 K undisclosed 2013 InVent Capital (S)
Jobtalents

$100 K

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

undisclosed
-
undisclosed

500TukTuks (S)

HTTP://TECHSAUCE.CO
201
Page 365

$109 K $420 K

Galaxy Ventures (S2),
Inspire Ventures (S)
PeakEngine $20 K $20 K undisclosed 2014 True Incube (S), M8VC (S)
Piggipo

$70 K undisclosed

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

undisclosed
-
undisclosed

muru-D
Work Venture $420 K $ 420K undisclosed 2014 Sommaphat Traisorat (S)
Skilllane

undisclosed undisclosed
-
undisclosed 2014 Ittipat Peeradechapan (S) 
Skilllane (S)
Social Nation

500K

undisclosed

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
500TukTuks (S)

VENTURE CAPITAL
& INVESTOR
HTTP://TECHSAUCE.CO

HTTP://TECHSAUCE.CO
MOST ACTIVE VCs IN THAILAND
38 Startups
22 Startups
11 Startups
6 Startups
7 Startups
7 Startups * Include 500 TukTuks

HTTP://TECHSAUCE.CO
2012 2013 2014
Undisclosed
Undisclosed
7 M (Annually) 25 M
Undisclosed
Undisclosed
12.7 M
2015
10 M
9.3 M
10 M
VC FUNDS RAISED IN 2012 -2017
AT LEAST $ 311.778 M

HTTP://TECHSAUCE.CO
2016
50 M
2017
45 M
2.868 MUndisclosed
Undisclosed
19.96 M
VC FUNDS RAISED IN 2012 -2017
AT LEAST $ 311.778 M
30 M 4.3 M
LP
30 M
14.65 M UndisclosedUndisclosed

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
11 9 6 26 Blisby (S), HUBBA (S), Omise (A),Flowaccount (S), Skootar (S),
Wisebeer (S), Takemetour (S), Stylhunt (S), Washbox24 (S), Piggipo (S),
ClaimDi (A), DeepPocket (S), Fastwork (S), GizTix (S), Ginja (S), TicketBox
(S), Finnomena (S), OneStockHome (S), Skilllane (S), StockRadars (S), 
Cookly(S),Freshket(S),Favstay(S),Tourkrub(S),Asiola(S),Pomelo(S)
8capital Partners 1 1 Hipflat (S)
Alpha Founders 1 1 ASK Haunman (S)
Altpoint Ventures 1 Stamp (A)
Amun Capital 1 1 2C2P (C)
Ardent Capital 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 Playbasis (S3)
Beacon VC 1 1 Flow account (S2)
BEENEXT 1 1 Zilingo (A)
Benchachinda
Group
1 1 Deep Pocket (S)

HTTP://TECHSAUCE.CO
2011 2012 2013 2014 2015 2016 2017 Total
Beenos
Partner
1 1 Zilingo (A)
Blue Sky 1 1 aCommerce (A3)
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)
dtac
1 4 6 11 22 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)
Dusit Thani 1 1 FavStay(A)
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)

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2011 2012 2013 2014 2015 2016 2017 Total
Gobi Partners 1 1 2 Eko (A), Orami
Golden Gate
Ventures

1 1 4 1 7 Noonswoon (S), HUBBA (S), ClaimDi (S,A),
Omise (A,B), Stamp (A), Piggipo (S)
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 1 11
Ookbee (A), Meditech (S),Computerlogy (A),
Golfdigg (S), Infinity Levels (S), Sinoze (S),
Playbasis (A), ShopSpot (S), Wongnai (B),  
Social Nation (S), Digio (A)
iProperty Group

1

1 ThinkofLiving (Acquisition)
iTech Capital

1

1 JetRadar (A)
JFDI.Asia 1 2 3 Shopspot (S), Rushbike (S), StylHunt (S)

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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)
KK Fund 2 2 Eventpop(S), Giztix (S)
M8VC 1 1 PeakEngine (S)
M&S Partners 1 1 Taamkru (S)
MDI Venture 1 1 aCommerce (A3)
Metaliq Growth
Partners
1 1 SkillLane (S2)
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)
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)
Quan 1 1 Magic Box Asia (S)
Queensbridge
Venture Partners
1 1 Pomelo (S)

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2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies
Recruit Holdings 1 1 Wongnai (A2)
Recruit Strategic
Partners
1 1 Wongnai (A)
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 Omise (B)
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 (?)
Start Today 1 1 WearYouWant (B1)
Sumitomo Equity
Corporation Asia
1 1 aCommerce (A)
Susquehanna
Int.Group
1 1 Zilingo(S,A)

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2011 2012 2013 2014 2015 2016 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 Labs 1 1 2 Eko (S), Zilingo (A)

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MOST ACTIVE ANGELS IN THAILAND
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Jakob Lykkegaard
Jonathan PriceChatchaval Jiaravanon

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ken Sakakibara
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Mike Prasad
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FRT

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