Ms Oranuch says funds were raised from venture capital, not ICOs. Total startup funding raised from venture capital last year grew by 22.7% from $86 million in 2016. Those funds were raised from venture capital, not initial coin offerings (ICOs), said Oranuch Lerdsuwankij, Techsauce Media's chief executive and co-founder. The startup community has evolved with the help of corporate venture capital (CVC), especially from the telecom and financial sectors. "We will see more organisations in the real sector introduce the new position, chief disruption officer, underlining the growing importance of tech startups," she said.

Source: Bangkok Post February 22, 2018 21:11 UTC