SeaX Ventures launches $60m Fund II to help international startups expand into Southeast Asia

SeaX Ventures (Southeast Asia Exponential Ventures), announced the close of its second fund to help accelerate the growth of global startups throughout Southeast Asia.

The fund is dedicated to investing in companies working on truly transformational opportunities in sectors including blockchain & web3, foodtech, biotech & life science, artificial intelligence, robotics, and IoT & hardware.

Although the original fund target size was $50 million, the raise was oversubscribed, and the total was increased to $60 million. SeaX Ventures will make investments of between $500,000 – $5 million in pre-seed, seed, and Series A financings.

Supachai "Kid" Parchariyanon, Founder and Managing Partner, SeaX Ventures: "Southeast Asia is a region of 650 million people with a combined GDP of $3 trillion. We can help innovative startups from across the world grow exponentially in this large and dynamic area through our relationship with over 400 corporates."

A vital component is the deep and cooperative relationships that SeaX maintains with its investors and corporate partners at RISE. Also founded by Dr. Kid, RISE is a corporate innovation consulting firm that works with the largest companies in Southeast Asia by empowering them to achieve transformative change in the digital realm. SeaX Ventures will tangibly add value to its portfolio companies by helping to grow their businesses. This goal will be accomplished by connecting these startups to its investors and RISE clients, thus also assisting the larger entities in their quests to pursue innovative initiatives, launch new businesses, or reduce operating costs.

Corporations that invested as Limited Partners include PTT OR International Holdings (Singapore) Pte. Ltd., Central Pattana PCL, Singha Ventures Corporation, Ramkhamhaeng Hospital PCL, MC Group PCL, The Vacharaphol Co., Ltd. (Thairath News), T.K.S. Technologies PCL, Modernform PCL, and BCH Ventures, among others.

Jiraphon Kawswat, President and Chief Executive, OR: "At OR, we value innovation and are always searching for new ways to serve our customers. Investing in SeaX Ventures broadens our horizons and connects us with a few of the most innovative companies in the world."

Notable individual investors include Jareeporn Jarukornsakul (Co-founder & Chairman of WHA), Banyong Pongnanich (Chairman, Kiatnakin Phatra Financial Group), Thiraphong Chansiri (CEO, Thai Union Group PCL), Chai Srivikorn, (Board member, Gaysorn Group), Anujtha Jaovisidha (Director, Toyota Tsusho Thai Holding), Yothin Dumnernchanvanit (Executive Director, Double A 1991 PCL), Verawat Ongvasith (CEO, Veranda Resort Group PCL), Nattaphol Vimolchalao (CEO, Siamrajathanee PCL), among others.

www.seax.vc