Thai early-stage firm M8VC planning $9.8m of venture, incubator deals

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New Thailand-based venture capital firm M8VC is planning to invest up to THB300m ($9.8m) into early-stage technology companies in the country.

The firm will make venture capital investments of at least THB10m a time and incubator investments of between THB300,000 and THB1m, the Bangkok Post reported.

It quoted co-founder Ponthep Sethiwan as saying the firm planned to have between three and five incubator start-ups next year.

He added that the firm would prefer to invest in Thai firms, but would consider foreign start-ups with a presence in the country.

Earlier this year Thailand’s Securities and Exchange Commission said it planned to make it easier for private equity and venture funds to launch by exempting them from holding securities licences.

The move is aimed at stimulating investment into the country’s SMEs according to SEC secretary general Vorapol Socatiyanurak.

He said, “It is necessary to expand access to sources of fund for business of all sizes, especially SMEs.

“The capital market can offer diverse financial vehicles and one of the suitable sources for new businesses with high growth potential is private equity.”

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