Exclusive: Thailand's Siam Commercial Bank to launch VC arm to fund tech startups

Exclusive: Thailand's Siam Commercial Bank to launch VC arm to fund tech startups

VC word cloud. Credit:Barrie Entrepreneur Connect

The Siam Commercial Bank (SCB) is setting up its first venture capital fund, with a target size of up to $50 million, focussed on startups raising Series A or higher stage capital, a source familiar with the development told DEALSTREETASIA.

SCB is currently in the process of seeking approval from the Bank of Thailand, and it expects to launch the fund in the first quarter of this year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter