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Thailand’s Kasikornbank creates $100m web3, AI VC fund

Kasikornbank kbank

Yesterday Kasikornbank (KBank) one of Thailand’s largest banks, launched a new tech venture fund, KXVC. The $100 million fund will target AI, web3 and deep tech startups.

“KXVC will be a stepping stone for global founders to drive their business expansion in APAC with strong synergy with KBank and our partners,” said Ruangroj Poonpol, Group Chairman, Kasikorn Business-Technology Group (KBTG). 

Poonpol has a track record as a venture capitalist with 100 investments, of which 4 were unicorns.

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