A top official of a leading venture capital firm has underscored the need for Thai startups to enter the Southeast Asian market in order to attract high-value investments. "Startups in Thailand still mainly focus on the domestic market, similar to those in Indonesia, Philippines and Vietnam. "A larger market is more attractive to investors," he said, addressing a group of Thai startups recently. In Thailand, Golden Gates Venture will continue to provide seed funds to Series A startups, worth from US$250,000 (8.33 million baht) to $2 million per company. Golden Gates started investing in 2011 and has so far funded over 30 companies, six of them being Thai startups.

Source: Bangkok Post July 27, 2017 22:07 UTC