InVent, a corporate venture capital arm of InTouch Holdings Plc, is narrowing its investment portfolio to early stage startups from a previous focus on growth startups to attract more emerging technology. "InVent will invest more intensely in early stage seed funding, with 10 million baht and growth stages in series A and B of over 70 million baht in deep tech and emerging tech startups," said Narongpon Boonsongpaisan, head of InVent. Each year it allocates 200 million baht for investment. This year InVent has already invested 70 million baht in two startups: 30 million in YDM Thailand and 40 million recently in Choco Card Enterprise Co. Mr Narongpon said Choco Card Enterprise Co, which sells online subscriptions, has potential.

Source: Bangkok Post September 13, 2018 00:00 UTC