Recently, Thailand's well-known science and technology media techsouce released the latest report on Thai science and technology startups, which covers the development of Thailand's science and technology innovation circle from 2011 to 2017. Next, let’s take a look at the scene of Thailand’s science and technology innovation circle in 2017. In the past 2006, more than 90 entrepreneurs have been invested and invested in and started entrepreneurship companies have reached a new high in financing transactions of over US$105 million
e-commerce continues to be popular
e-commerce is still the most popular industry among investors. As of the end of 2017, Thailand had a total of 29 financing transactions in the e-commerce industry, 5 new cases compared with last year. The second is financial technology, electronic logistics, payment and foodRestaurant.
largest financing transaction: US$65 million Series B
Southeast Asian e-commerce service provider aCommerce completed a US$65 million Series B financing, the largest financing transaction in 2017. This round of financing was led by Emerald Media, with existing investors including Australian fund Blue Sky, MDI Ventures and Swiss market expansion service provider DKSH.
In addition, fintech company Omise raised US$25 million through IOC to raise funds for Thailand's first ICO; fashion e-commerce Pomelo completed a US$19 million Series B financing in November, led by JD.com and Indonesian investment company Provident Capital Partners.
More companies established venture capital funds
In 2017, more companies began to establish their own VC departments and establish their own venture capital funds. These Thai VC companies not only invest in Thailand, but also invest abroad.
It is worth noting that the companies that established VC venture capital funds are not only banking, but more other industries are involved. For example: Thai national oil company PTT (a US$45 million venture capital fund established); SCG (a venture capital company AddVentures), the largest comprehensive chemical company in Thailand; Jaymart (a technology company established J Venture); and even Dusit Thani, a hotel industry, participated and formed the VC venture capital fund usit Colours.
2017 two acquisition cases occurred in
or above are mergers and acquisitions against Thai science and technology enterprises based on disclosed data. In 2017, there were two acquisitions, namely:
Thailand Omise acquired Paysbuy's payment business from local telecom giant DTAC, and the specific acquisition price was not disclosed. The acquisition aims to help expand its existing services to more Thai consumers while paving the way for the new OmiseGO e-wallet.
line Thailand acquires local startup DGM59 as its engineering development team to launch new products and services faster.
2017 financing transaction volume overview
(flash picture)
(reference source: Techsouce)
[WeChat ID: CAMIA Go Over]
Southeast Asia Express
Indonesia allocates US$8.39 billion for this year's micro-credit project KUR to help small and micro enterprises develop
Malaysia Food Delivery Company Dah Makan completed US$2.6 million in pre-A round of financing Want to enter Thailand and Indonesia
Malaysian mobile wallet provider Irispay launches its first e concept store in Kuala Lumpur : 24-hour unmanned self-service shopping convenience store
Myanmar telecom operator MTG plans to invest US$24 million in the next year and a half to build infrastructure
Grab appoints former VISA Singapore national manager Ooi Huey Tyng serves as managing director of Grabpay Singapore, Malaysia and Philippines , responsible for the electronic payment business in 2018
Indian consumer lending platform Wishfin will raise US$50 million in the next round of financing
