2 years ago
Southeast Asia Exponential Ventures (SeaX), a task superior fund, closed a $60 cardinal money to put successful exertion startups, including blockchain and Web 3, passim the region.
The Bangkok-based steadfast volition put $500,000 to $5 cardinal successful pre-seed, effect and Series A rounds, according to a press merchandise on Monday.
The archetypal size of the VC's 2nd money was expected to beryllium $50 million, which was accrued to $60 cardinal arsenic it was oversubscribed.
Some notable firm investors successful the money include, Central Pattana PCL, Singha Ventures Corporation, Ramkhamhaeng Hospital PCL, MC Group PCL, amongst galore others.
Southeast Asia has a colonisation of 650 cardinal radical with a combined GDP of $3 trillion Dr. Supachai "Kid" Parchariyanon, the laminitis and managing spouse of SeaX Ventures said. "We tin assistance innovative startups from crossed the satellite turn exponentially successful this ample and dynamic country done our narration with implicit 400 corporates," Parchariyanon said.
SeaX is not the lone Asia-focussed task superior steadfast to rise funds for crypto. Last month, task superior steadfast gumi Cryptos Capital acceptable up a $110 cardinal early-stage fund, gCC Fund II, to invest successful some equity and tokens.
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Camomile Shumba is simply a CoinDesk quality newsman based successful the UK. She antecedently worked arsenic an intern for Business Insider and Bloomberg News. She does not presently clasp worth successful immoderate integer currencies oregon projects.
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