Founded in 2017, Beacon VC is a wholly-owned corporate venture capital fund of Kasikornbank PLC (SET: KBANK), a leading commercial bank in Thailand with the highest mobile penetration and largest SME base. With an initial fund of $30 million, Beacon VC focuses on strategic investments in early to growth-stage technology startups covering not only financial technology (fintech) but also consumer internet and enterprise technology. In 2018, Beacon VC expanded its fund size to $135 million.
Our Value Proposition.
Unmatched leadership in mobile banking application with over 12 million users nationwide in Thailand
No.1 market share by value and main bank status in SME market in Thailand
Solid in-house technology and digital capabilities to get actual work done with startups
1) Can Beacon VC invest in a pre-launch or pre-revenue startup?
We generally invest only in post-revenue companies with at least a year of track record and outstanding growth rate, typically those looking to dominate the local market or expand into a new market. The Southeast Asia ecosystem is developing rapidly and there are a number of angel investors and microfunds that can help financing very early-stage companies. 2) Can Beacon VC invest in companies outside Thailand and Southeast Asia?
Our fund does not have geography limitation as long as the investment provides a strong strategic value to our business and vice versa to the target company. Priorities are given to companies based in or looking to expand to Thailand and Southeast Asia. 3) What is Beacon VC’s investment range?
Our cheque size can range from six up to eight figures in each deal, but most commonly between $500,000 and $3,000,000. 4) How should I connect and pitch to Beacon VC?
We highly recommend getting a warm introduction from either a founder or an investor in our network. Kindly note that that we may not be able to reply to every inquiry via cold emails. 5) Is Beacon VC open to new partnership opportunities?
We always welcome partnership opportunities with various stakeholders in the ecosystem, particularly in Asia region. Public sector, corporations, investors and accelerators are always welcome to reach out to us.