KXVC Targets APAC With $100M Fund for AI, Web3 and Deep Tech Startups

The KASIKORN Enterprise-Expertise Group (KBTG), a tech division of KASIKORNBANK (KBank), has launched KXVC, a $100 million USD flagship fund geared toward world entrepreneurs within the fields of Deep Tech fintech, web3, and synthetic intelligence with potential synergy in APAC. With a inhabitants of over 680 million folks and a projected digital economic system of $1 trillion USD by 2030 and greater than 400 million digital shoppers**, Asia-Pacific, notably Southeast Asia, is among the most fascinating digital ecosystems. With vital synergies with KBank, KXVC is positioned as a regional gateway to help worldwide innovators in AI, Web3, and Deep Tech to develop monetary breakthroughs in APAC.

Krating Poonpol, Group Chairman, KBTG, who has over 100 investments, 4 unicorn exits, and 10 exits throughout 5 funds, and Jom Vimolnoht, Managing Director, KXVC, who has invested 400 million USD in startups and supported over 35 startups within the area, will lead the fund. KXVC, the colourful offspring of KASIKORN X (KX), is at present shifting shortly and intends to place itself as one of many main entryways to APAC for worldwide entrepreneurs with a purpose to allow them join into its monumental company, SME, and client base in its ecosystem.

KXVC locations a excessive precedence on AI, Web3, and Deep Tech, connecting with the monetary business and assembly the calls for of shoppers, firms, and SME companies in APAC. KXVC plans to spend money on companies that think about consumer-oriented AI, cybersecurity, AI/ML instruments (similar to deployment platforms, information annotation, and mannequin optimisation), and startups that resolve AI-specific issues.

Web3 infrastructures, node validators, RPC suppliers, middlewares, modularity applied sciences, privateness, ZKP, wallets, different L1/L2s, shared securities, LsdFi, and consumerization of NFTs are all objectives for KXVC.

KX has already been working with prime world AI, Web3, and Deep Tech startups and funds like MagicLink, Transak, 1KX, Hashkey Capital, Symbolic Capital, L2 Iterative Ventures, Instari Ventures, and aifund.ai previous to this official launch. KXVC goals to hold on KX funding actions and has plans to spend money on over 30 startups and funds globally with geographical emphasises within the US, EU, Israel, and APAC.

Please e mail KXVC@kx.tech for additional data on KXVC.