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TOP Ventures is the flagship investment arm of Thaioil, deploying venture capital to empower impactful innovators. The firm focuses investments on early-stage startups within Manufacturing Technology, Sustainability Technology, and Hydrocarbon Disruption. It supports portfolio companies beyond capital, offering operational expertise, market insights, and deep customer understanding for growth.
Established in 2019 by Thaioil, TOP Ventures emerged from a strategic insight to pursue innovative business opportunities aligning with future industry shifts. Leveraging its parent company's sixty-year legacy in energy and chemicals, the firm aims to enhance existing operations, cultivate sustainable ventures, and proactively address disruptions within traditional fuel markets.
TOP Ventures partners with global startups that share its vision for creating a better world through technological advancement. The firm's objective is to facilitate business creation by helping founders succeed. It expands its reach globally, fostering innovation and impact across diverse geographies via strategic investment vehicles.
TOP Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $20.0M Series A in XTEND in November 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2021 | XTEND | $20.0M Series A | Chartered Group | BLU Venture Investors, Entrée Capital Ventures, Lorie&co, Matias Ventures, MoreVC, NFX, Homeward Ventures, I3 Equity Partners, Lool Ventures, Surround Ventures, TAU Ventures, TPY Capital |
| Jan 13, 2021 | Everactive | $35.0M Series C | Marc R. Tremblay | 40 North Ventures, Asahi Kasei, Jeff Immelt |
