The KASIKORN Business-Technology Group (KBTG), a tech division of KASIKORNBANK (KBank), has launched KXVC, a $100 million USD flagship fund aimed at global entrepreneurs in the fields of Deep Tech fintech, web3, and artificial intelligence with potential synergy in APAC. With a population of over 680 million people and a projected digital economy of $1 trillion USD by 2030 and more than 400 million digital consumers**, Asia-Pacific, particularly Southeast Asia, is one of the most interesting digital ecosystems. With significant synergies with KBank, KXVC is positioned as a regional gateway to assist international innovators in AI, Web3, and Deep Tech to develop financial breakthroughs in APAC.
Krating Poonpol, Group Chairman, KBTG, who has over 100 investments, 4 unicorn exits, and 10 exits across 5 funds, and Jom Vimolnoht, Managing Director, KXVC, who has invested 400 million USD in startups and supported over 35 startups in the region, will lead the fund. KXVC, the vibrant offspring of KASIKORN X (KX), is currently moving quickly and intends to position itself as one of the primary entryways to APAC for international entrepreneurs in order to enable them connect into its enormous corporate, SME, and consumer base in its ecosystem.
“KXVC will be a stepping stone for global founders to drive their business expansion in APAC with strong synergy with KBank and our partners” Krating Poonpol – Group Chairman, KBTG.
“Resonating with the previous Tech-Disruption waves, AI, Web3, and Deep Tech, demand real market adoption, and APAC has much to offer” Jom Vimolnoht, Managing Director, KXVC.
KXVC places a high priority on AI, Web3, and Deep Tech, connecting with the financial industry and meeting the demands of consumers, corporations, and SME businesses in APAC. KXVC plans to invest in firms that concentrate on consumer-oriented AI, cybersecurity, AI/ML tools (such as deployment platforms, data annotation, and model optimisation), and startups that solve AI-specific problems.
Web3 infrastructures, node validators, RPC providers, middlewares, modularity technologies, privacy, ZKP, wallets, alternative L1/L2s, shared securities, LsdFi, and consumerization of NFTs are all goals for KXVC.
KX has already been working with top global AI, Web3, and Deep Tech startups and funds like MagicLink, Transak, 1KX, Hashkey Capital, Symbolic Capital, L2 Iterative Ventures, Instari Ventures, and aifund.ai prior to this official launch. KXVC aims to carry on KX investment activities and has plans to invest in over 30 startups and funds globally with geographical emphasises in the US, EU, Israel, and APAC.
Please email KXVC@kx.tech for further information on KXVC.
