Kasikorn Business Technology Group Launches $100 Million Fund for AI, Web3, and Deep Tech Startups
Kasikorn Business Technology Group (KBTG), the technology arm of Kasikornbank (KBank) in Thailand, has announced the launch of a $100 million fund called KXVC. The fund aims to support global startups in the fields of artificial intelligence (AI), Web3, and deep tech, with a focus on the Asia-Pacific (APAC) region. KXVC will act as a regional gateway for these startups to collaborate with KBank and create financial innovations.
Focus on AI, Web3, and Deep Tech Startups
The fund will primarily invest in startups that align with the financial sector and cater to the needs of consumers, corporations, and small and medium-sized enterprises (SMEs) in the APAC region. In the AI industry, KXVC is interested in startups developing solutions related to consumer-focused AI, such as cybersecurity and artificial intelligence/machine learning (AI/ML) tools. For Web3, the fund targets various solutions including wallets, infrastructure technologies, privacy tools, and non-fungible tokens.
Collaborations and Investments
Prior to the launch of KXVC, Kasikorn X, the venture builder behind the fund, had already been working with several global AI, Web3, and deep tech startups and funds. These include Hashkey Capital, MagicLink, Transak, 1KX, Symbolic Capital, and L2 Iterative Venture. KXVC plans to continue these collaborations and aims to invest in at least 30 startups and funds primarily located in the United States, Europe, Israel, and APAC.
Leadership and Gateway to APAC
KXVC will be led by Krating Poonpol, the chairman of KBTG and the president of technology at KBank. Poonpol, a venture capitalist with extensive experience, will work alongside Jom Vimolnoht, who will serve as the managing director of KXVC. The fund aims to establish itself as a major gateway for global founders to access APAC’s vast consumer and corporate base, as the region’s digital ecosystem continues to grow rapidly.
Hot Take: KBTG Launches $100 Million Fund to Support AI, Web3, and Deep Tech Startups in APAC
Kasikorn Business Technology Group (KBTG) has unveiled a $100 million fund named KXVC to empower startups working in artificial intelligence (AI), Web3, and deep tech fields. The fund aims to connect global founders with KBank and facilitate financial innovations in the Asia-Pacific (APAC) region. By focusing on startups that cater to the needs of consumers, corporations, and SMEs in APAC, KXVC seeks to drive market adoption of AI, Web3, and deep tech solutions. Led by experienced venture capitalist Krating Poonpol and supported by Jom Vimolnoht, KXVC intends to become a major gateway for global founders looking to tap into APAC’s thriving digital ecosystem.
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