Profile
Krungsri Finnovate is a corporate venture capital firm based in Bangkok, Thailand, founded in 2017. It operates as the investment arm of Bank of Ayudhya (Krungsri) and focuses on strategic investments to support startups and the startup ecosystem. The firm has a team of 17 professionals who facilitate collaborations between Krungsri's business units and innovative technology companies, aiming to foster sustainable growth.
The firm invests primarily in fintech, digital innovation, and AI startups, targeting Series A and above stages within Thailand and the ASEAN region. Krungsri Finnovate manages funds such as 'Finnoventure' and 'Finnoverse', which focus on local and regional startups and digital financial solutions, respectively. The firm leverages strategic partnerships with Krungsri Group and MUFG's regional network to support its portfolio companies.
Notable investments include Grab - a transportation and food delivery app, Flash Express - a logistics and parcel delivery company, Klook - a travel services platform, Omise - a payment gateway, and Ascend Money - a financial services provider. These investments underscore Krungsri Finnovate's commitment to supporting technology-driven companies that align with their strategic objectives.
Industry
Krungsri Finnovate Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Finnoventure
|
Venture Capital (VC)
Corporate VC (CVC)
|
Web3
AI
Blockchain/Crypto
Real Estate
Internet and Web Services
Gaming
Fintech
Financial Services
Edtech
Education
|
Series A
Late Stage (Series C+)
|
Asia
|
$1-5 m
|
—
|
September 2026
|
|
Finnoverse
|
Venture Capital (VC)
Corporate VC (CVC)
|
Web3
AI
Blockchain/Crypto
Real Estate
Internet and Web Services
Gaming
Fintech
Financial Services
Edtech
Education
|
Series A
Late Stage (Series C+)
|
Asia
|
$1-5 m
|
—
|
September 2026
|
Contacts
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