Million

KASIKORN Business-Technology Group (KBTG) – the technological pillar of KASIKORNBANK (KBank) – unveils its premier fund, KXVC. With a notable commitment of 100 million USD, the fund has its crosshairs on global fintech startups in AI, Web3, and Deep Tech that can harmonize with the Asia-Pacific (APAC) landscape. Given that the Asia-Pacific region, with a particular emphasis on Southeast Asia, holds over 680 million individuals, its digital economy is poised to surge to an astonishing 1 trillion USD by 2030, buoyed by over 400 million digitally active consumers. KXVC is the bridge to channel global AI, Web3, and Deep Tech entrepreneurs with potent alignment with KBank, catalyzing financial revolutions in APAC. 
The fund’s leadership comprises the expertise of Krating Poonpol, Group Chairman of KBTG, who boasts a remarkable venture capitalist lineage with over 100 investments, encompassing four unicorns and ten successful exits spread across five investment vehicles. Jom Vimolnoht, the Managing Director of KXVC, is assisting him, bringing his experience in injecting 400 million USD into over 35 regional startups. KXVC, sprouting from KASIKORN X (KX)’s lineage, is on its path to position itself as an indispensable portal in APAC for global innovators, granting them access to a vast reservoir of corporate, small-medium enterprises and consumer demographics. 
"KXVC will be a stepping stone for global founders to drive their business expansion in APAC with strong synergy with KBank and our partners," remarked Krating Poonpol, Group Chairman of KBTG. 
Echoing this sentiment, Jom Vimolnoht, Managing Director of KXVC, stated, "Resonating with the previous Tech-Disruption waves, AI, Web3, and Deep Tech, demand real market adoption, and APAC has much to offer." 
KXVC has clear investment directives. For AI, they are zooming into areas like consumer-centric AI applications, cybersecurity advancements, AI/ML tools (such as deployment arenas, data overlays, and model refining), and AI startups targeting niche issues. Within the Web3 spectrum, the focus shifts towards Web3 foundational systems, node validation mechanisms, RPC facilitators, middleware tech, privacy advancements, ZKP frameworks, digital wallets, L1/L2 alternatives, shared security protocols, and the expansive realm of NFTs. 
Even before its grand debut, KX's legacy includes alliances with preeminent global AI, Web3, and Deep Tech entities like MagicLink, Transak, 1KX, Hashkey Capital, Symbolic Capital, L2 Iterative Ventures, Instari Ventures, and aifund.ai. KXVC, carrying forward this legacy, projects to invest in over 30 startups and funds, concentrating on regions like the US, EU, Israel, and APAC.

Introducing KXVC: KBTG’s 100 Million USD Initiative Eyeing Global AI, Web3, and Deep Tech Synergies in APAC

FinanceFeeds

Other articles published on Sep 14, 2023

Tokensoft and Connext Host World’s First Cross-Chain Distribution, Attract ~1 Million Registrants...

Base Network: Decoded by Notum

Shiba Inu Layer-2 Blockchain Shibarium Continues Explosive Growth, Leading To Spike in BONE Staking

MAS Takes Stern Action Against Three Arrows Capital Executives

Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar

Emurgo Looks to Fill in Missing Cardano Ecosystem Components

Join our free newsletter for daily crypto updates!