InVent

Thailand: InVent invests in Valley VR firm Social Nation’s pre-series A round

By
Posted

Social Nation is InVent’s 10th portfolio company and its first investment in the United States. The previous investments include local business review portal Wongnai, golf-course booking platform Golfdigg and mobile-first engagement solutions Playbasis.

omnivirt_company website screenshot
Somprasong Boonyachai (left) and Philip Chen Chong Tan (right).
techsauce
Thanapong Na Ranong and Yod Chinsupakul at the press con.
VC word cloud. Credit:Barrie Entrepreneur Connect
Exclusive: Thailand’s Siam Commercial Bank to launch VC arm to fund tech startups

It is seeking approval from the Bank of Thailand as it expects to launch the fund in the first quarter. The fund size will be $30m-$50m and it will invest in tech startups. The bank has roped in Thana Thienachariya, former marketing executive at DTAC, to run the fund and also a new subsidiary, that will be focussed on fintech research

Image from ShopSpot
Singtel Innov8, InVent invest in Thai social commerce platform ShopSpot

ShopSpot, one of the Southeast Asia’s leading social commerce platform, has raised an undisclosed Pre-Series A funding round from InVent, venture capital arm of Intouch Holdings Pcl, and Singtel Innov8 Pte Ltd. ShopSpot, which has created a platform for design enthusiasts, claims to have over 1.5 million visitors per month in 2015. It… Read more »

Visual from Intouch Holdings website
Executives from INTOUCH, InVent and Golfdigg at the press conference.
Playbasis
Playbasis closes $1.8m Series A round led by InVent fund

Bangkok-based Playbasis, a gamification and engagement automation venture that launched in 2011, has closed $1.845 million in Series A funding, to further accelerate its growth and establish its market position as a major player in the gameification service provider space. The Series A was led by InVent, the venture capital arm of INTOUCH Holdings, with a… Read more »

Visual from Sinoze website
InVent invests $700k in Thai mobile game developer Sinoze

Sinoze, a leading mobile games developer in Thailand has raised around $700,000 from InVent, the venture capitalist arm of Thailand’s largest telco Intouch. The deal has seen Intouch Holdings Plc (INTUCH) subscribing to 6,000 newly-issued shares in Sinoze Company Limited, equivalent to 16.67 per cent of its paid-up capital, for 22.5 million baht (approximately $700,000) through… Read more »