Singapore-based KK Fund, the VC firm backed by many Japanese companies and focused on investing in seed stage internet and mobile startups across Southeast Asia, is launching their first Meet Your Match Thailand session with the aim to help match investors with Thailand-based startups in light of the uncertain situation due to the novel coronavirus pandemic.
In order to support the startup ecosystem, KK Fund claims it has signed up with more than 20 investors to participate in this initiative to connect Thai startups with potential investors. Participating investors include Vertex Ventures, Sumitomo Corporation, PTT, Denso, Krungsri Finnovate, Colopl Next, CyberAgent Capital, Monk’s Hill Ventures, Insignia Ventures Partners, Beacon Venture Capital, Sequoia Capital, and other outstanding Thai and Japanese firms.
In the face of the global coronavirus pandemic, more than a few startup founders in the world are struggling with meeting up with potential founders because of urgent need of funding or further sustainable business development. As a reason why KK Fund decided to focus on helping Thai entrepreneurs rather than other startup ecosystem, the VC firm’s general partner Koichi Saito says he got inspired by the initiative which the Japanese trade and economy ministry recently rolled out in Bangkok. Saito has participated in several summits hosted by the ministry with an aim to connect the two countries in tech and startup field.
If you run a startup in Thailand and want to grab this opportunity, simply submit you application through the Google form link by April 10 so that you can get in touch with potential investors who may be interested in your business or idea. Upon successful matching, an online session over Zoom will be arranged by the investor with the startup.
In Japan, Moneyforward Synca, the Tokyo-based consultancy focused on helping startups raise investments or sell through an IPO or M&A deal, has launched a similar scheme with more than 20 local VC firms with an aim to prevent founders from stagnating fundraising.