Krungsri Finnovate

investment firm

About

Krungsri Finnovate is a venture capital firm aiming to be a strategic investor supporting startups to grow toward their set goals.

Details

Industries
Big Data,Blockchain,Cyber Security,Financial Services,FinTech,InsurTech,Venture Capital
Founded date
Mar 27, 2017
Operating Status
Active
Legal Name
Krungsri Finnovate Company Limited
Also Known As
Krungsri Finnovate,KFIN
Investor Type
CVC

Krungsri Finnovate’s core mission is to provide comprehensive strategic investments with a focus on helping startups achieve their goals through corporate venture capital; strategic partnerships that yield concrete outcomes as a result of cooperation amongst the relevant business units of the Bank and supporting the ecosystem of startups in order to promote sustainable growth for the startups’ businesses.

We have established a fund with venture capital of USD150 million, and aim to enhance the ecosystem of startups located both domestically and internationally. Our goal is to promote the sustainable growth of startups that are related to our businesses or customers. We collaborate with them to develop innovative financial solutions and ultimately encourage them to become Unicorn startups.

Funds Raised

Announced Date Fund Name Money Raised
Nov 11, 2021 Finnoventure Fund I $100M

Investments

Number of Investments
Number of Lead Investments
22
8
Krungsri Finnovate has made 22 investments. Their most recent investment was on Oct 25, 2022, when Choco CRM raised $8M.
Date Company Name
Round Money Raised Industry Lead Investor
Oct 25, 2022 Choco CRM
Series C $8M Software
Sep 19, 2022 ADDX
Series B $5M Blockchain
Sep 12, 2022 Forward
Seed $5M Cryptocurrency
May 24, 2022 ADDX
Series B $58M Blockchain
Mar 23, 2022 Zipmex
Series B $11M Asset Management

Employee Profiles

Number of Employee Profiles
11
Krungsri Finnovate has 11 current employee profiles, including Executive Sam Tanskul

Exits

Krungsri Finnovate has had 2 exits. Krungsri Finnovate most notable exits include Zipmex ,   Grab

Date Company Name Exit Type Industry
Dec 2, 2022 Zipmex M&A Asset Management Detail
Dec 2, 2021 Grab IPO Apps Detail