ts keynote-tech startup report q1...

THAILAND TECH STARTUP REPORT

INVESTOR GUIDEQ1 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

http://TECHSAUCE.CO

http://techsauce.co/

https://summit.techsauce.co

HTTP://TECHSAUCE.CO

METHODOLOGYSince 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.COHTTPS://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.CO

HTTP://TECHSAUCE.COHTTP://TECHSAUCE.CO

INTRODUCTION TO THAILAND’S MARKET

67 M Population - Not fragmented147% Mobile penetration from 107% in 201049% Smartphone penetration 83 M 3G subscribers35 M Facebook users spending avg. 2.35 hrs per day24 M Active mobile app users

496 M Photo uploaded in 2014, highest in the worldMobile subscribers 99M vs fixed 5.6M

(37% population access mobile applications everyday)

Source:http://www.slideshare.net/techsauce/10-things-you-need-to-know-about-thai-startup-ecosystem-2016


http://TECHSAUCE.CO

http://TECHSAUCE.CO

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


http://TECHSAUCE.CO

from 2012 from 2015 from 2016

751

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


http://TECHSAUCE.CO

THAI STARTUP ECOSYSTEM TODAY

HTTP://TECHSAUCE.CO

FROM 2012 FROM 2015 FROM 2016

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+ $162 M+

Vcs & Corporations that invested in Thailand

1 56+ 73+

Active angel investors in Thailand

2 30+ 44+

Accelerators 1 5 7


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

MERGERS & ACQUISITIONS

HTTP://TECHSAUCE.CO

M&A ESTIMATED AT LEAST $108.17M

Paysbuy

Online Payment Provider

Founded: 2004Exited: 2008 $24M acquired by dtac

Agoda

Online Hotel Booking Founded: 2005 Exited: 2007 (undisclosed) Acquired by Priceline

Sanook.com

Web Portal Founded:1998Exited: 2007 $10.5M acquired by Tencent

Global care solution

Founded: 2000Exited: 2007 (undisclosed)Acquired by Microsoft

Rakuten TARAD

Founded: 1999, Exited: 2009 (undisclosed)

Bought back by TARAD


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

OfficeMate Founded: 1994 Exited: 2012 (undisclosed) Acquired by CRC)

Pagemodo

Founded: 2010 Exited: 2011 (acquired undisclosed by webs.com)

Ensogo

Daily Deal SiteFounded: 2009 Exited: 2011 (undisclosed)Acquired by LivingSocial

DD property

Real Estate PortalFounded: 2007, Exited: 2011 ($23 M or /80 M THB by PropertyGuru)

Zest

Founded: 2006, Exited: 2011 (undisclosed acquiredby MOL)



http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

Meb:E-bookFounded: 2008Exited: 2014 ($1.59M acquired by Officemate)

Thaiepay

Founded: 2003, Merged: 2014(undisclosed, acquiredby Pay Solution)

One2car

Founded: 2005, Exited: 2014 ($14.4M by iCar)

ROLX , KaideeFounded: 2012, Merged: 2015(undisclosed merger with Kaidee)

ThinkOfLivingReal Estate PortalFounded: 2010, Exited: 2015 ($6Macquired by iProperty)



http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

MoxyFounded: 2013, Exited: 2015 (undisclosed,acquired by WhatsNew Asia) then 2016 (M&A with Bilna) and now is Orami

ComputerlogyFounded: 2009, Exited: 2015 (undisclosed,acquired by Yello Digital Marketing)

AskHanumanFounded: 2013, Exited: 2015 (undisclosed,acquired by Rabbit Internet)



http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

StorylogFounded: 2014, Exited: 2016 (acquired by OOKBEE)

Noon swoonFounded: 2013, Exited: 2016 (undisclosed) (acquired by DateTix)

Thoth Social OBVOC 2015 : M&A THOTH ZOCIAL 2016 : M&A OBVOC

Net DesignFounded: 1998Exited: 2016 ($28.68M or 1B THB acquired by GMO)



http://TECHSAUCE.CO

Fundraising Records

HTTP://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

$- 0

$23

$45

$68

$90

2011 2012 2013 2014 2015 2016

1.000 3.1049.733

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%

http://TECHSAUCE.CO

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

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

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

FUNDING RAISED IN 2013 AT LEAST $9.733M


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

2 M

Payment

300 K

Edtech

620 K112K (via Indiegogo)

Hardware

Undisclosed

Food and Restaurant

500 K

Gaming

300 K Undisclosed

FUNDING RAISED IN 2014 AT LEAST $42.716 M


http://TECHSAUCE.CO

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



http://TECHSAUCE.CO

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



http://TECHSAUCE.CO

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



http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

2 M

Insurance

125 K

RecruitmentFintech

UndisclosedUndisclosedUndisclosed

Travel

Undisclosed

Food and restaurant

Undisclosed750 K

Game

5 M



http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

Hardware

Undisclosed

Loyalty

Undisclosed

Real Estate

350 K

EdTech

Undisclosed

E-logistics

UndisclosedUndisclosedUndisclosed5 M



http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO


Undisclosed

500 K UndisclosedUndisclosed

15 MHQ is in IND

300 K

11 M Series-B Undisclosed

8 M



Undisclosed

http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

FinTech

UndisclosedUndisclosed

Food and Restaurant

Series-B Undisclosed UndisclosedSeries-B

Undisclosed



http://TECHSAUCE.CO

Construction

undisclosed

HTTP://TECHSAUCE.CO

Payment

17.5 MPre-series A Undisclosed

Ticket system

500 KUndisclosed (VN)

Recruitment

500 K 420 K undisclosed undisclosed



http://TECHSAUCE.CO

2.5 M

MedTech

Undisclosed

E-logistic

HTTP://TECHSAUCE.CO

AdTech

10 M19 M

Digital Content

Undisclosed

B2B Platform

300K


HealthTech

Undisclosed


EdTech

500 K

http://TECHSAUCE.CO

FUNDING RAISED IN Q1 2017 HTTP://TECHSAUCE.CO

CrowedFundingFinTech

Travel


Undisclosed Undisclosed

Undisclosed

Food & Restaurant


Retail

1.5M 150K

EdTech

Undisclosed

http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

FUNDING ROUNDS PER YEAR AND TOP 5 CATEGORIES

0

8

15

23

30

2011 2012 2013 2014 2015 2016Ecommerce, Marketplace FinTech E-logistics Payment Food & Res


Ecommerce : 24

FinTech : 8

E-Logistics : 8

Payment : 6Food

& Restaurant : 6

http://TECHSAUCE.CO

FUNDING ROUNDS PER YEARHTTP://TECHSAUCE.CO

BY CATEGORY (1)

2011 2012 2013 2014 2015 2016 2017Total

# Deals

Total # Co. Companies

Ecommerce/Marketplace 1 3 6 5 9 19 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 1 9 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 7 3 2C2P, Omise, Deep Pocket


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

BY CATEGORY (2)

2011 2012 2013 2014 201

5 2016 2017Total

# Deals


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 4 2 Appy Hotel, Hotel Quickly

Insurance 1 1 1 3 2 ASK Hanuman, Claim Di

Recruitment 1 2 3 3 JobTalents, Getlinks,WorkVenture

Real Estate 1 1 2 2 Hip Flat, HUBBA

FUNDING ROUNDS PER YEARCOPYRIGHT 2017 TECHSAUCE CO.,LTD

http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

BY CATEGORY (3)FUNDING ROUNDS PER YEAR

2011 2012 2013 2014 201

5 2016 2017Total

# Deals


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


http://TECHSAUCE.CO

THAILAND FUNDED STARTUP LIST : EXITS

HTTP://TECHSAUCE.CO

2011 2012 2013 2014 2015 2016 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 2009InVent Capital (A), Acquired by Yello Digital Marketing

Meb $1.59 M - $1.59 M 2013 Acquired by Officemate

Moxy undisclosed - undisclosed 2013Acquired 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 undisclosed - undisclosed 2014 Acquired by Ookbee

Seed Series A

Series B

Series C Exit


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO


2C2P $1 M

$2 M $7 M

$10 M undisclosed 2003DMP (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 2010Recruit 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

HTTP://TECHSAUCE.CO


2C2P $1,000,000

$2,000,000 $7,000,000

$10,000,000 undisclosed 2003DMP (A),

GMO Ventures (B &C), Amun Capital (C)

Ookbee

$2,000,000

$7,000,000

$9,000,000 $70,000,000 IT Works (1999), Ookbee 2011

Invent (A), Transcosmos (B)

Playlab

$5,000,000

$5,000,000 undisclosed 2012 Monk’s Hill Ventures (B)

WearYouWant $1,500,000 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 $300,000 $2,600,000

$17,500,000

*Biggest investment

round in Thailand*

$20,400,000 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)

Wongnai undisclosed undisclosed undisclosed undisclosed undisclosed 2010Recruit Strategic

Partners (A)Invent (B)

Priceza undisclosed undisclosed undisclosed undisclosed 2010CyberAgent Ventures

(A) Hubert Burda Media (B)

Eatigo undisclosed undisclosed $15,500,000 undisclosed 2013 TripAdvisor (B)

THAILAND FUNDED STARTUP LIST : SERIES A

Seed Series A

Series B

Series C Exit


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)

Eko

$1 M $5,7 M


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

HotelQuickly

$1.16 M $4.5 M

$5.66 M undisclosed 2012Boon 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)


http://TECHSAUCE.CO


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


http://TECHSAUCE.CO


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

HTTP://TECHSAUCE.CO

THAILAND FUNDED STARTUP LIST : SEED FUNDING 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors

Anipipo $104.29 K $104.29 K undisclosed 2011 Kentaro Sakakibara (S), Samurai Incubate (S)

Appy Hotel $500 K undisclosed

$500 K+ $2 M 2013 Unlimited Capital (S & A)

Asiola undisclosed - undisclosed 500 TukTuks (S)

Blisby

$300 K

$300 K undisclosed 2013 500 Startups (S), DeNA (S), East Ventures (S)

Builk

$400 K

undisclosed

$400 K+ undisclosed 2009Project Planning Service PLC (S), Pawoot millconsteel

Buzzcommerce

undisclosed

- undisclosed 2014 East Ventures (S)

CloudCommerce

undisclosed - undisclosed

2016Pawoot Pongpitayapanu

Chococard $300 K $300 K+ undisclosed SME Private Equity Trust by GSB

Cookly


500TukTuks (S)

Deep Pocket

undisclosed

- undisclosed

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

Deliveree

undisclosed

- undisclosed 2015 Ardent Capital (S), Inspire

VEntures (S)

Drivebot $112 K $ 112 K undisclosed 2013 Crowdfunded via Indiegogo

Eventpop

$500 K

$500 K undisclosed 2015KK Fund (S), Opt SEA(S), Hirokazu Mashita(S), Ittipat Peeradechapan (S)

Event Carnival

undisclosed

- undisclosed 2014 East Ventures (S)


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

THAILAND FUNDED STARTUP LIST : SEED FUNDING 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors

FavStay

undisclosed -

500TukTuks (S)

Fastwork

undisclosed

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

Finnomena

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

Fixzy undisclosed $300 K $300 K undisclosed 2015 Iyara VC (S1), Three undisclosed angels (S2)

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

Flowaccount

undisclosed

- undisclosed 2014 500TukTuks (S)

Getlinks

$125 K $500 K

$625 K undisclosed 2015 500 Startups(S2), CyberAgent Ventures(S)

Ginja


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

HTTP://TECHSAUCE.CO

2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors

Infinity Levels

$500 K

$500 K undisclosed 2013 InVent Capital (S)

Jobtalents

$100 K

$100 K undisclosed 2013Natavudh 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)

THAILAND FUNDED STARTUP LIST : SEED FUNDINGCOPYRIGHT 2017 TECHSAUCE CO.,LTD

http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors

Page 365 $109 K $420 K $529 K undisclosed 2012 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 2013Ookbee (S), dtac (S), 500TukTuks (S), GoldenGate Venture (S)

PlanforFit undisclosed - undisclosed muru-D

Work Venture $420 K $ 420K undisclosed 2014

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)

THAILAND FUNDED STARTUP LIST : SEED FUNDINGCOPYRIGHT 2017 TECHSAUCE CO.,LTD

http://TECHSAUCE.CO

VENTURE CAPITAL & INVESTOR

HTTP://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

MOST ACTIVE VCs IN THAILAND

12 deals (38 if including500 TukTuks) 22 deals 10 deals

6 deals 5 deals7 deals


http://TECHSAUCE.CO

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 $ 247.128 M

http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

2016

50 M

10 M

2017

45 M

2.868 M

Undisclosed

4.3 M


Undisclosed

19.96 M

VC FUNDS RAISED IN 2012 -2017 AT LEAST $ 247.128 M

http://TECHSAUCE.CO

MOST ACTIVE VCs IN THAILANDHTTP://TECHSAUCE.CO

2011

2012

2013 2014 2015 2016 2017 Total deal Portfolio companies

1 500 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)

2 500 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)

3 8capital Partners 1 1 Hipflat (S)

4 Alpha Founders 1 1 ASK Haunman (S)

5 Altpoint Ventures 1 Stamp (A)

6 Amun Capital 1 1 2C2P (C)

7 Ardent Capital 2 2 1 6 Playbasis (S2 &S3), Whats New Asia (S), Deliveree (S), HUBBA (S), Orami (A)

8 Ascend Capital 2 1 3 Omise (A,B), Sendit (A)

9 Asia Pacific Capital 1 1 aCommerce (A)

10 Axis Capital Corp 1 1 Playbasis (S3)

11 BEENEXT 1 1 Zilingo (A)

12 Benchachinda Group

1 1 Deep Pocket (S)


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

MOST ACTIVE VCs IN THAILAND2011 2012 2013 2014 2015 2016 Total

deal Portfolio companies

13 Beenos Partner 1 1 Zilingo (A)

14 Blue Sky 1 1 aCommerce (A3)

15 Cherubic Ventures

1 1 Playbasis (S3 &A)

16 Crystal Horse Investments

1 1 Hipflat (S)

17 CyberAgent Ventures

2 1 2 2 7 aCommerce (S &A), Priceza (A), StockRadars (S), Medical Departures (A), ClaimDi (A), getlinks(S)

18 DeNA 1 1 Blisby (S)

19 Digital Media Partners (DMP)

1 1 1 1 4 2C2P (A) WearYouWant (A) & (B), Medical Departures (A)

20 Digital Garage 1 1 Zilingo (A)

21 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)

22 Expara Ventures

1 1 Stylhunt (S)

23 Fenox Venture Capital

1 1 2 Pomelo (S1 & S2)

24 Galaxy Ventures 1 1 Page 365 (S)

25 GMO Partners 1 1 2 2C2P (B&C)


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO


2011 2012 2013 2014 2015 2016 Total deal Portfolio companies

26 Gobi Partners 1 1 2 Eko (A), Orami

27 Golden Gate Ventures

1 1 4 1 7 Noonswoon (S), HUBBA (S), ClaimDi (S,A), Omise (A,B), Stamp (A), Piggipo (S)

28 GREE 1 1 Hotel Quickly (A2

29 Hubert Burda Media

2 2 Medical Departures (A), Priceza (B)

30 iCar Asia 1 1 One2car (Acquisition)

31 IMJ Investment Partners

2

2 Taamkru (S), WearYouWant (A)

32 Inspire Venture

2 2

4 aCommerce (A &A2), Page 365 (S) deliveree (S)

33 InVent

1 2 1 3 3 10Ookbee (A), Meditech (S),Computerlogy (A), Golfdigg (S), Infinity Levels (S), Sinoze (S), Playbasis (A), ShopSpot (S), Wongnai (B), Social Nation (S)

34 iProperty Group

1

1 ThinkofLiving (Acquisition)

35 iTech Capital

1

1 JetRadar (A)

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


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

MOST ACTIVE VCs IN THAILAND2011 2012 2013 2014 2015 2016 Totaldeal Portfolio companies

37 JL Capital 1 1 aCommerce (A)

38 Jungle Ventures 1 1 1 3 Shopspot (S), Pomelo (S,A)

39 KK Fund 2 2 Eventpop(S), Giztix (S)

40 M8VC 1 1 PeakEngine (S)

41 M&S Partners 1 1 Taamkru (S)

42 MDI Venture 1 1 aCommerce (A3)

43 Metaliq Growth Partners

1 1 SkillLane (S2)

44 Millconstell 1 1 Builk (?)

45 Monk’s Hill Venture 1 1 Playlab (B)

46 Muru-D 1 1 Planforfit (S)

47 NTT Docomo Ventures

1 1 2 aCommerce (S &A)

48 Ookbee 3 3 Taamkru (S), Piggipo (S), Ticketbox

49OPT SEA

1 1 2 4 WearYouWant (A) & (B1), Eventpop(S),Medical Departures (A)

50 Priceza 1 1 Primecapture (S)

51 Project Planning Service (PPS)

1 1 Builk (S)

52Quan

1 1 Magic Box Asia (S)

53 Queensbridge Venture Partners

1 1 Pomelo (S)


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

MOST ACTIVE VCs IN THAILAND2011 2012 2013 2014 2015 2016 Total deal Portfolio companies

54 Recruit Holdings 1 1 Wongnai (A2)

55 Recruit Strategic Partners

1 1 Wongnai (A)

56 Sebrina Holdings 1 1 WearYouWant (B2)

57 Sequola Capital 1 1 2 Zilingo (S,A)

58 Samurai Incubate 1 1 Anipipo (S)

59 SBI Investment 1 1 Omise (B)

60 SMDV 1 1 2 4 aCommerce (A &A2), Omise (A,B), Orami (A)

61 Singtel Innov8 1 1 2 Shopspot (S2)

62 Softbank Ventures Korea

1 1 ini3 (?)

63 Start Today 1 1 WearYouWant (B1)

64 Sumitomo Equity Corporation Asia

1 1 aCommerce (A)

65 Susquehanna Int.Group

1 1 Zilingo(S,A)


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO


2011 2012 2013 2014 2015 2016 Total deal Portfolio companies

66 Tencent Holdings 1 1 Ookbee (C)67 Tigerlabs 1 1 Eko (S)

68 Transcosmos 1 1 Ookbee (B)

69 TripAdvisor 1 1 Eatigo (B)

70 True Incube 2 1 3 Sellsuki (S), PeakEngine (S)

71 Unlimited Capital 1 1 2 Appy Hotel (S & A)

72 Ventura Capital 1 1 Zilingo (A)

73 Velos partners 1 1 Orami (A)

74 Wavemaker Labs 1 1 2 Eko (S), Zilingo (A)


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

2011 2012 2013 2014 2015 2016 2017 Total Deals Portfolio companies

1 Andrew Vranjes 1 1 Noonswoon (S)

2 Andre Hoffmann 1 1 Pomelo (A)

3 Boon Hwee Koh 1 1 Hotel Quickly (A)

4 Chang Ng 1 1 Hipflat (S)

5 Chintaka Ranatunga 1 1 Noonswoon (S)

6 Chatchaval Jiaravanon 1 1 Money Table (S)

7 Chualapayap Srikarnchana

1 1 Money Table (S)

8 Dave McClure 1 1 Yogatrail (S)

9 Eduardo Saverin 1 1 Orami

10 Hirokazu Mashita 1 1 Eventpop (S)

11 Ittipat Peeradechapan 3 3 Eventpop (S), HUBBA (S) Omise (S)

12 Jakob Lykkegaard 1 1 HUBBA (S)

13 Jonathan Price 1 Pomelo (A)

14 Julien Chaite 1 1 WearYouWant (A)

15 Ken Sakakibara 1 1 Anipipo (S)

MOST ACTIVE ANGELS IN THAILANDCOPYRIGHT 2017 TECHSAUCE CO.,LTD

http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

2011 2012 2013 2014 2015 2016 Total Deals Portfolio companies

16 Khailee Ng 1 1 2 Noonswoon (S), Yogatrail (S)

17 Kimura Shinji 1 1 WearYouWant (B1)

18 Kris Nalamlieng 1 1 2 Shopspot (Angel), Hipflat (S)

19 Kunal Shah 1 1 Zilingo (S)

20 Mike Prasad 1 1 Claim Di (S)

21 Natavudh Pungcharoenpong

1 1 2 JobTalents (S), Magic Box Asia (S)

22 Paul Pattarapon Sinlapajan

1 1 Stylhunt (S2)

23 Pawoot Pongpitayapanu 1 1 2 Magic Box Asia (S), Builk (?)CloudCommerce (S)

24 Piyaphan Wongyara 2 1 1 1 5 FRT (S), SkillLane (S), StockRadars (S), HUBBA (S), Wazzadu (S)

25 Polapat Udomphol 1 1 JobTalents (S)

26 Ravi Agarwal 1 1 Claim Di (S)

27 Samer Karam 1 1 Claim Di (S)

28 Sandeep Tandon 1 1 Zilingo (S)

29 Sangboon Sangmanee 1 1 JobTalents (S)

30 Sommaphat Traisorat 1 1 Work Venture (S)

31 Songphon Chaovanayothin

1 1 Work Venture (S)

MOST ACTIVE ANGELS IN THAILANDCOPYRIGHT 2017 TECHSAUCE CO.,LTD

http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

MOST ACTIVE ANGELS IN THAILAND2011 2012 2013 2014 2015 2016 Total Deals Portfolio companies

32 Suphachai Kanjanasakchai

1 1 Magic Box Asia (S)

33 Sven Ernst 1 1 Yogatrail (S)

34 Takeshi Ebihara 1 1 Claim Di (S)

35 Tiwa York 1 1 HUBBA (S)

36 Teruhide Sato 1 1 Zilingo (S)

37 Teerachart Kortrakul 1 1 HUBBA (S)

38 Tommy Chia 1 1 Claim Di (S)

39 Tovio Annus 1 1 Pomelo (S)

40 Vachara Aemavat 1 1 HUBBA (S)

41 Vinnie Lauria 1 1 Noonswoon (S)

42 Watchara Kaewsawang 1 StockRadars (S)

43 William E. Heinecke 1 1 Hotel Quickly (A2)

44 Yod Chinsupakul 1 1 HUBBA (S)


http://TECHSAUCE.CO

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.


http://TECHSAUCE.CO

http://techsauce.co/


HTTP://TECHSAUCE.CO

SPECIAL THANKS OUR INFORMATION PARTNERTHAILAND TECH STARTUP ASSOCIATION


http://TECHSAUCE.CO

HTTP://TECHSAUCE.CO

techsauce.co TechsauceTH

FOR MORE INFORMATION OR ANY INQUIRIES


HTTP://TECHSAUCE.CO

[email protected]

http://TECHSAUCE.CO

http://techsauce.co

mailto:[email protected]

ts keynote-tech startup report q1...

Documents