Vertex Ventures bullish on Thai startups due to their reasonable cash burn, valuations

Vertex Ventures bullish on Thai startups due to their reasonable cash burn, valuations

Vitavin Ittipanuvat, executive director for investment, Vertex Ventures

Vertex Ventures Southeast Asia & India is holding fast to its mandate of investing in Thailand as it feels startups in the country have moderate capital burn and reasonable valuations, a top executive of the Temasek-backed venture capital firm told DealStreetAsia.

After their Series A rounds, many Thai startups are able to grow organically and turn profitable even without follow-on investments. “Thailand’s homegrown startups generally do not take for granted that there will be a next round of financing after Series A, and therefore founders tend to focus more on capital efficiency and growth on a more balanced approach. As a result, they have a relatively lower burn rate and more modest valuation expectations,” said Vitavin Ittipanuvat, executive director for investment at Vertex Ventures Southeast Asia & India.

Edited by: Pramod Mathew

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