// Adds dimensions UUID, Author and Topic into GA4
Wednesday, September 23, 2026
31.5 C
Singapore
type here...
Singapore News
Less than 1 min.Read

Thailand has a new industrial-focused VC fund called AddVentures

The Independent
By The Independent

AddVentures was launched by Thai industrial conglomerate Siam Cement Group

 

Thailand-based industrial conglomerate Siam Cement Group (SCG) has launched a new industrial-focused regional VC fund called AddVentures.

SCG will pump in between THB 300 – 500 million (US$8.82 – $14.7 million) into the fund each year. AddVentures will target B2B, industrial and enterprise startups, according to a report by DealStreetAsia.

For the first 3 to 5 years, AddVentures plans to invest between US$1 – 5 million per deal. About 2 to 3 deals are already expected to be closed this year. And besides covering the ASEAN region, AddVentures will explore technologies coming from China, Israel and the US.

Also Read: Fintech startup Omise promotes Visit Yindisiriwong as new Country Manager for Thailand

Dr Joshua Pas, digital transformation director at SCG, will come onboard the VC fund as a managing director.

The launch of this VC fund aligns with the Thai government’s “Thailand 4.0” roadmap, which is designed to advance the research and development of smart tech across various industries, such as manufacturing and agriculture.

—

Image Credit: SCG

 

The post Thailand has a new industrial-focused VC fund called AddVentures appeared first on e27.

Source: e27

Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Asia

Indonesia records 174,000 respiratory cases as haze from Borneo and Sumatra fires worsens — over 40,000 cases in toddlers

Indonesia's health ministry has recorded more than 174,000 acute respiratory infection cases across seven haze-affected provinces between Aug and Sep 21, with over 40,000 cases involving toddlers a...
Singapore News

SPF: Scammers posing as Harvey Norman staff then fake MAS officers have stolen S$4.8 million from at least 119 victims since January

Scammers are using a two-step impersonation trick: first Harvey Norman, then MAS. At least 119 victims have lost S$4.8 million since January.

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityIn the Hood
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks