Thailand's PTTOR to invest $25m in VC fund co-managed with 500 Global

Thailand's PTTOR to invest $25m in VC fund co-managed with 500 Global

Photo: Reuters

Thailand’s PTT Oil and Retail Business (PTTOR) has set up a tech fund in partnership with US early-stage VC firm 500 Global to invest in both Thailand and Southeast Asia.

The Thai giant said in a statement that the fund, ORZON Ventures, is domiciled in Delaware, USA.

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