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KXVC has raised $40.0M across 1 funding round.
Key people at KXVC.
KXVC has raised $40.0M in total across 1 funding round.
KXVC is a corporate venture capital firm deploying internal capital into innovative Deep-technology and Web3 startups. Targeting early-stage companies (Seed to Series B), it focuses on AI, machine learning, data infrastructure, and decentralized technologies like L1/L2 protocols and digital payments. KXVC backs global founders, facilitating their expansion into Southeast Asia.
Established in 2019, KXVC operates as the venture capital arm of Kasikorn X, a subsidiary of Kasikorn Business-Technology Group. This initiative stems from an insight to back nascent technological advancements aligning with its parent group’s market position. The firm bridges innovation and market adoption, leveraging its regional foothold.
KXVC partners with visionary founders developing advanced deep-technology and decentralized solutions. Its mission is to empower entrepreneurs from early stages, guiding them toward product-market fit and success. By fostering venture growth, KXVC aims to drive widespread adoption of transformative technologies across Southeast Asia, contributing to the region's digital evolution.
KXVC (KASIKORN X Venture Capital) is the corporate venture capital arm of KASIKORN X, the largest commercial bank in Thailand, focused on investing internal capital in innovative startups globally, especially those in AI, fintech, cybersecurity, mobility, enterprise solutions, healthcare, and decentralized technologies like Web3[1][2][3]. Its mission is to back global leading founders and support their expansion into Southeast Asia, leveraging KASIKORN X’s resources to fuel startups from early stages through market success, without raising external funds or selling investment products[2]. KXVC’s impact on the startup ecosystem lies in providing capital, strategic support, and regional market access, particularly in emerging technologies such as AI/ML and blockchain.
Founded in 2023 as part of KASIKORN X’s broader fintech and decentralized finance initiatives (Kasikorn X itself was founded in 2017), KXVC was established to deploy a $100 million fund targeting AI, Web3, and deep tech startups globally, with a focus on Southeast Asia, APAC, Europe, and the U.S.[3][5]. The firm’s founding aligns with KASIKORN X’s evolution from fintech product development to venture capital investment, aiming to be a gateway for innovative startups entering the SEA market. Key partners include executives from KASIKORN X, with a strategic emphasis on transparency, governance, and long-term ecosystem development[2].
KXVC rides the wave of rapid AI adoption, blockchain innovation, and fintech transformation, capitalizing on the growing demand for decentralized finance and AI-driven enterprise solutions. The timing is critical as Southeast Asia emerges as a hotbed for tech innovation and digital finance adoption, with regulatory frameworks maturing to support blockchain and AI startups. KXVC’s backing helps global startups navigate this dynamic market, fostering innovation and regional integration in the tech ecosystem[3][5].
KXVC is positioned to deepen its influence as a strategic investor bridging global innovation with Southeast Asia’s burgeoning tech market. Future trends shaping its journey include increased AI adoption, regulatory clarity in Web3, and growing enterprise digital transformation. KXVC’s continued focus on internal capital deployment and founder support suggests a long-term commitment to nurturing startups that can lead in SEA and beyond, potentially expanding its portfolio across more verticals and stages while reinforcing its role as a key ecosystem enabler[2][3][5]. This aligns with KASIKORN X’s broader mission to drive fintech innovation and regional leadership.
Key people at KXVC.
KXVC has raised $40.0M in total across 1 funding round.
KXVC has raised $40.0M across 1 funding round. Most recently, it raised $40.0M Seed in December 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 28, 2024 | ContributionDAO | $2.8M Seed | Kampanat (Jom) Vimolnoht | — |
| Jan 1, 2024 | Kiln | $17.0M Series A | Christopher Heymann | 1k(x), Dragonfly Capital Partners, Exponent Founders Capital, Haun Ventures, Balaji Srinivasan, Leore Avidar, Eric Anziani, IOSG Ventures, LBank, Wintermute Ventures |
| Sep 12, 2022 | Forward | $5.0M Seed | RPVAF-1 | Beacon Venture Capital, GBV Capital, Ratanakorn Technology Group, Varys Capital |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 8, 2023 | $40.0M Seed |