Thailand tech startup ecosystem report q4 2017 by techsauce

1. THAILAND TECH STARTUP REPORT Q4 2017 INVESTOR GUIDE

2. ABOUT TECHSAUCE HTTP://TECHSAUCE.CO Techsauce is Thailand's leading technology business media and publication. We are the source for reliable, insightful news, analysis and opinion pieces on startups in Thailand and SEA. In addition, Techsauce is the creator of Techsauce Global Summit – First-ever Global Tech Summit in Southeast Asia COPYRIGHT 2017 TECHSAUCE CO.,LTD

3. HTTP://TECHSAUCE.CO METHODOLOGY Since 2012, we have been researching and collecting all facts that happened in Thailand's startup scene. Every data represented in this report was officially announced in the news. No rumour is included. COPYRIGHT 2017 TECHSAUCE CO.,LTD HTTP://TECHSAUCE.CO HTTPS://SUMMIT.TECHSAUCE.CO

4. CONTENTS IN THE REPORT HTTP://TECHSAUCE.CO • Introduction to Thailand's Market • Overview: Digital Market • Mergers & Acquisitions • Startup fundraising Records • Venture Capital & Investors

5. HTTP://TECHSAUCE.COHTTP://TECHSAUCE.CO INTRODUCTION TO THAILAND’S MARKET 68.22 M Source: http://my-thai.org/digital-southeast-asia-thailand-2017-overview/  COPYRIGHT 2017 TECHSAUCE CO.,LTD Population - Not fragmented 46.00 M Internet User (67% penetration) 90.94 M Mobile Subscription (133% vs. Population) 42.00 M Active Mobile Social Users (67% penetration) 90% Use Smart Phone to go online 30% Mobile users 4G Subscription By 2018, Thailand will rank as the third-largest 4G market in Southeast Asia and Oceania, accounting for 40% of total mobile subscribes “ “

6. EducationAngel Groups / Clubs HTTP://TECHSAUCE.CO THAI TECH STARTUP ECOSYSTEM Co-working space EventIncubators /Accelerators Tech MediaVenture builders Sample Notable Startups Venture Capital Tech Companies (IPO or M&A) Government Startup Association COPYRIGHT 2017 TECHSAUCE CO.,LTD

7. from 2012 from 2015 from 2016 from 2017 875 1 4444 30 2 96 74 56 1 90 75 60 3 HTTP://TECHSAUCE.CO FUNDED STARTUPS 90+ THAILAND’S STARTUP GROWTH 2012-2017 Funded startups # of VCs & Corporations that invested in Thailand # of Active angel investors in Thailand Accelerators COPYRIGHT 2017 TECHSAUCE CO.,LTD

8. THAI STARTUP ECOSYSTEM TODAY HTTP://TECHSAUCE.CO FROM 2012 FROM 2015 FROM 2017 Funded startups 3 60+ 90+ Total funds raised by Thai startups $2.1M $88.728 M+ $280.298 M+ Biggest investment round by a Thai startup $2M $10.7 $65M Total funds raised by VCs $7M+ $95 M+ $305 M+ Vcs & Corporations that invested in Thailand 1 56+ 96+ Active angel investors in Thailand 2 30+ 44+ Accelerators 1 5 8 COPYRIGHT 2017 TECHSAUCE CO.,LTD

9. HTTP://TECHSAUCE.CO MERGERS & ACQUISITIONS

10. HTTP://TECHSAUCE.CO M&A ESTIMATED AT LEAST $108.17M COPYRIGHT 2017 TECHSAUCE CO.,LTD Company Founded Industry Value (in US dollar) Year of Acquisition Acquirer Country of Acquirer 2004 Online Payment Provider - 2008 - dtac 2017 - Omise Thailand 1998 Web Portal 10.5M 1999 - Mweb 2010 - Tencent China 2000 Software undisclosed 2007 American 1994 E-commerce undisclosed 2012 Thailand 2005 Online Hotel Booking undisclosed 2007 American 2009 Daily Deal Site undisclosed 2011 American 2010 Social Monitoring Tool undisclosed 2011 American Note : Rakuten TARAD - Bought back by TARAD

11. HTTP://TECHSAUCE.CO M&A ESTIMATED AT LEAST $108.17M COPYRIGHT 2017 TECHSAUCE CO.,LTD Company Founded Industry Value (in US dollar) Year of Acquisition Acquirer Country of Acquirer 2007 Real Estate Portal 23 M 2011 Singapore 2006 E-commerce undisclosed 2011 Malaysia 2008 E-Books undisclosed 2014 Thailand 2005 car site 14.4M 2014 Malaysia 2003 Online Payment Gateway undisclosed 2014 Thailand 2012 marketplace undisclosed 2015 (merge) Thailand 2010 Real Estate Portal 6M 2015 Malaysia 2013 E-Commerce undisclosed 2015 Indonesia

12. HTTP://TECHSAUCE.CO M&A ESTIMATED AT LEAST $108.17M COPYRIGHT 2017 TECHSAUCE CO.,LTD Company Founded Industry Value (in US dollar) Year of Acquisition Acquirer Country of Acquirer 2009 Social Media Analytics undisclosed 2015 South Korea 2013 Insurance undisclosed 2015 Thailand 2014 Social Media undisclosed 2016 Thailand 2013 Dating undisclosed 2016 Australia Social Media Analytics undisclosed 2016 Thailand 1998 Internet and Design Institute 28.68M 2016 Japan Social Media undisclosed 2017 South Korea

13. Fundraising Records HTTP://TECHSAUCE.CO

14. HTTP://TECHSAUCE.CO $- 0 $30 $60 $90 $120 2011 2012 2013 2014 2015 2016 2017 1.000 3.104 9.733 42.716 33.175 86.020 105.550 Note :the number does not include the undisclosed amount of funding ESTIMATED TOTAL FUNDING AMOUNT RAISED IN 2011 - 2017 COPYRIGHT 2017 TECHSAUCE CO.,LTD 210% 213% 338% -22.3% 159.29% 22.7% *exclude ICO

17. HTTP://TECHSAUCE.CO 628 K E-COMMERCE 600 K Under 1 M 3.1M E-logistics 400 K Dating 160 K MedTech 335 K PropTech 1 M Social Media Analytics FUNDING RAISED IN 2013 AT LEAST $9.733M COPYRIGHT 2017 TECHSAUCE CO.,LTD

18. HTTP://TECHSAUCE.CO 400 K Construction Undisclosed Insurance $350 K (Mar: $150k, Nov $200k) B2B Platform 500 K Food and Restaurant 1.16 M Hotel 100 K Recruitment FUNDING RAISED IN 2013 AT LEAST $9.733M COPYRIGHT 2017 TECHSAUCE CO.,LTD

19. HTTP://TECHSAUCE.CO 2 M Payment 300 K EdTech 620 K 112K (via Indiegogo) Hardware Undisclosed Food and Restaurant 500 K Gaming 300 K Undisclosed FUNDING RAISED IN 2014 AT LEAST $42.716 M COPYRIGHT 2017 TECHSAUCE CO.,LTD

20. HTTP://TECHSAUCE.CO 7 M Digital Content Undisclosed Insurance 10 M Travel 20 K FinTech 70 K 770 K B2B Platform 1 M 4.5 M Hotel 500 K FUNDING RAISED IN 2014 AT LEAST $42.716 M COPYRIGHT 2017 TECHSAUCE CO.,LTD

21. HTTP://TECHSAUCE.CO Undisclosed Messaging 20 K10.7 M E-logistics 1.6M 1.5M 25 K529K   (Mar: $109K + Dec: $420k) 15k 640K  (Jun: 220K,Jul: 100K, Aug: 320K) E-commerce / Marketplace FUNDING RAISED IN 2014 AT LEAST $42.716 M COPYRIGHT 2017 TECHSAUCE CO.,LTD

22. HTTP://TECHSAUCE.CO 7 M Payment 2.6 M  +Undisclosed 1.8 M B2B Platform 5.7 M E-commerce / Marketplace 1.88 M 670 K 300 K Undisclosed UndisclosedUndisclosedUndisclosed FUNDING RAISED IN 2015 AT LEAST $33.175 M COPYRIGHT 2017 TECHSAUCE CO.,LTD

23. HTTP://TECHSAUCE.CO 2 M Insurance 125 K RecruitmentFinTech UndisclosedUndisclosedUndisclosed Travel Undisclosed Food and restaurant Undisclosed750 K Game 5 M FUNDING RAISED IN 2015 AT LEAST $33.175 M COPYRIGHT 2017 TECHSAUCE CO.,LTD

24. HTTP://TECHSAUCE.CO Hardware Undisclosed Loyalty Undisclosed Real Estate 350 K EdTech Undisclosed E-logistics UndisclosedUndisclosedUndisclosed5 M FUNDING RAISED IN 2015 AT LEAST $33.175 M COPYRIGHT 2017 TECHSAUCE CO.,LTD

25. HTTP://TECHSAUCE.CO E-commerce / Marketplace Undisclosed 500 K UndisclosedUndisclosed 15 M  HQ is in IND 300 K 11 M  Series-B Undisclosed 8 M COPYRIGHT 2017 TECHSAUCE CO.,LTD FUNDING RAISED IN 2016 AT LEAST $86.02 M Undisclosed

26. HTTP://TECHSAUCE.CO FinTech UndisclosedUndisclosed Food and Restaurant Series-B Undisclosed UndisclosedSeries-B Undisclosed COPYRIGHT 2017 TECHSAUCE CO.,LTD FUNDING RAISED IN 2016 AT LEAST $86.02 M

27. Construction undisclosed HTTP://TECHSAUCE.CO Payment 17.5 M Pre-series A Undisclosed Ticket system 500 KUndisclosed (VN) Recruitment 500 K 420 K undisclosed undisclosed COPYRIGHT 2017 TECHSAUCE CO.,LTD FUNDING RAISED IN 2016 AT LEAST $86.02 M

28. 2.5 M MedTech Undisclosed Logistic HTTP://TECHSAUCE.CO MarTech 10 M19 M Digital Content Undisclosed Reward 300K COPYRIGHT 2017 TECHSAUCE CO.,LTD HealthTech Undisclosed FUNDING RAISED IN 2016 AT LEAST $86.02 M EdTech 500 K (Social Nation)

30. HTTP://TECHSAUCE.CO COPYRIGHT 2017 TECHSAUCE CO.,LTD E- 1.65 M Ecommerce / Market place 19 M 65 M Logistic Seed (undisclosed) Seed (undisclosed) Seed (undisclosed) Hotel / Travel 2.9 M Undisclosed Seed (undisclosed) Seed (undisclosed) FUNDING RAISED IN 2017 AT LEAST $105.55 M (*excl ICO)

31. HealthTech HTTP://TECHSAUCE.CO CrowedFunding Food & Restaurant Retail 150K Seed (undisclosed) Seed (undisclosed) Seed (undisclosed) Seed (undisclosed) Seed (undisclosed) AgriTech Seed (undisclosed) FUNDING RAISED IN 2017 AT LEAST $105.55 M (*excl ICO) COPYRIGHT 2017 TECHSAUCE CO.,LTD

32. HTTP://TECHSAUCE.CO EdTech Undisclosed FUNDING RAISED IN 2017 AT LEAST $105.55 M (*excl ICO) Ticket Series A PropTech Seed (undisclosed) Car Sharing ddfdRecruitment 3.6MSeries A Seed (undisclosed) MarTech 7.4M COPYRIGHT 2017 TECHSAUCE CO.,LTD

33. HTTP://TECHSAUCE.CO FUNDING ROUNDS PER YEAR AND TOP 5 CATEGORIES 0 8 15 23 30 2011 2012 2013 2014 2015 2016 2017 Ecommerce, Marketplace FinTech E-logistics Payment Food & Res COPYRIGHT 2017 TECHSAUCE CO.,LTD Ecommerce : 29 FinTech :12 Logistics :11 Payment : 11 Food & Restaurant : 9

34. FUNDING ROUNDS PER YEAR HTTP://TECHSAUCE.CO BY CATEGORY (1) 2011 2012 2013 2014 2015 2016 2017 Total # Deals Total # Co. Companies Ecommerce/ Marketplace 1 3 6 5 9 5 29 20 Shopspot, WhatsNew Asia, Priceza, Page365, Pomelo, StylHunt, Yogatrail, Blisby, Golfdigg, Buzzcommerce, Sellsuki, Wishbeer, Zilingo, Orami, Fastwork, Fixzy, WearYouWant, Seekster, Eventbanana, Gowabi FinTech 2 4 2 4 12 6 Piggipo, StockRadars, PeakEngine,  Flowaccount, Finnomena, MoneyTable logistics 1 2 4 2 2 11 6 aCommerce, Rushbike, Deliveree, Skootar ,GizTix, Sendit Payment 1 2 2 2 4 11 4 2C2P, Omise, Deep Pocket, Digio Food & Restaurant 1 1 1 3 3 9 6 Wongnai, eatigo, ginja, Freshket,Cookly, IndieDish COPYRIGHT 2017 TECHSAUCE CO.,LTD

35. HTTP://TECHSAUCE.CO BY CATEGORY (2) 2011 201 2 2013 2014 201 5 2016 2017 Total # Deals Total # Co. Companies MarTech 1 1 3 2 7 5 Computerlogy*, OBVOC* ,Zanroo  Social Nation, DGM39* B2B platform 1 2 2 1 6 2 Playbasis, Eko Recruitment 1 1 2 2 6 3 JobTalents, Getlinks,WorkVenture Gaming 2 3 5 5 Ini3, Magic Box Asia, Infinity Levels, Playlab, Sinoze Digital Content 1 3 1 5 3 Ookbee, MEB* , Event Carnival Hotel 2 2 1 5 3 Appy Hotel, Hotel Quickly, FavStay Travel 1 1 2 4 4 JetRadar, Take Me Tour,TourKrub,PenguinT Construction 1 3 4 3 Builk, One stock home,Wazzadu Edtech 1 1 1 1 4 3 Taamkru, SkillLane, Jabjai PropTech 1 1 1 3 3 Hip Flat, HUBBA, Baania Insurance 1 1 1 3 2 ASK Hanuman, Claim Di FUNDING ROUNDS PER YEAR COPYRIGHT 2017 TECHSAUCE CO.,LTD * Acquisition

36. HTTP://TECHSAUCE.CO BY CATEGORY (3) FUNDING ROUNDS PER YEAR 2011 201 2 2013 2014 201 5 2016 2017 Total # Deals Total # Co. Companies Ticketing system 2 1 3 2 Eventpop, Ticketbox Medtech 1 1 2 2 Meditech Solutions, Medical Departures CrowdFunding 1 1 2 2 Anipipo, Asiola HelthTech 1 1 2 2 Planforfit, Healthathome Reward 1 1 2 2 DealCha, Chococard Messaging 1 1 1 Hola Dating 1 1 2 1 Noonswoon* Hardware 1 1 1 Washbox24 Car Sharing 1 1 1 Drivemate AgriTech 1 1 1 Ricult Digital Authentication 1 1 1 Stamp COPYRIGHT 2017 TECHSAUCE CO.,LTD * Acquisition

37. THAILAND FUNDED STARTUP LIST : EXITS HTTP://TECHSAUCE.CO 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors Ask Hanuman undisclosed undisclosed - undisclosed 2013 Alpha Founders (S),   Acquired by Rabbit Internet Computerlogy $1 M undisclosed $1 M undisclosed 2009 InVent Capital (A),   Acquired by Yello Digital Marketing Meb $1.59 M - $1.59 M 2013 Acquired by Officemate Moxy undisclosed - undisclosed 2013 Acquired by Whats New Group , then M&A with Bilna (rebranded to be Orami) Noonswoon $400 K undisclosed - undisclosed 2013 Andrew Vranjes (S), Chintaka Ranatunga (S), Golden Gate Ventures (S)  Acquired by DateTix One2car $14.4 M - undisclosed 2002 Acquired by iCar Asia Paysbuy undisclosed - undisclosed Acquired by Omise Storylog undisclosed - undisclosed 2014 Acquired by Ookbee OBVOC undisclosed - undisclosed Acquired by Thoth Zocial DGM39 undisclosed - undisclosed Acquired by LINE Seed Series A Series B Series C Exit COPYRIGHT 2017 TECHSAUCE CO.,LTD

38. HTTP://TECHSAUCE.CO 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors aCommerce $3.1 M $10.7 M $5 M $10 M $65 M $93.8 M undisclosed 2013 Ardent Capital (S&A & A2), Asia PacificCapital(A), CyberAgent Ventures (S & A), Sinar Mas (A &A2), Inspire Ventures (A&A2), NTT Docomo (S & A), JL Capital (A), Sumitomo Corporation Equity Asia (A), Bluesky Venture(A4,B),  DKSH(A3,A,4,B) Emerald Media (B)  MDI Ventures (A4,B) 2C2P $1 M $2 M $7 M $10 M undisclosed 2003 DMP (A), GMO Ventures (B &C), Amun Capital (C) Ookbee $2 M $7 M $19 M $28 M undisclosed IT Works (1999), Ookbee 2011 Invent (A), Transcosmos (B)  TenCent (C) Playlab $5 M $5 M undisclosed 2012 Monk’s Hill Ventures (B) THAILAND FUNDED STARTUP LIST : SERIES C&B Seed Series A Series B Series C Exit COPYRIGHT 2017 TECHSAUCE CO.,LTD

39. HTTP://TECHSAUCE.CO 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors WearYouWant $1.5 M undisclosed undisclosed $ 1.5M + undisclosed 2011 DMP VC (A), Starttoday (B1),Sebrina Holdings (B2) IMJ (A), Julien Chalte (A),Kimura Shinji (B1), Opt SEA (A,B1) Omise $3 K $2.6 M $17.5 M undisclosed of  (Series B+)    and    $25 M in ICO $ 23.1M+  &    $25M (ICO) undisclosed 2013 East Ventures (S &A), 500Startups (A) 500TukTuks (A), SMDV (A,B),   Ascend Capital (A,B), Golden Gate Ventures (A,B) SBI Investment (B)  Ittipat Peeradechapan (S), Krungsri (B+) Pomelo $1.6 M undisclosed $11 M $19 M $ 31.6 M+ undisclosed 2013 Jungle Ventures (S,A), 500 Startups (S,A), Fenox Venture Capital (S &S2), QueensBridge Venture Partners (S), Tovio Annus (S) Jonathan Price (A)  Andre Hoffmann (A) JD.com (B)  Provident Capital Partners (B) Lombard Private Equity (B)  Central Group (B)  Start Today Ventures (B) Wongnai undisclosed undisclosed - undisclosed 2010 Recruit Strategic Partners (A)  Invent (B) Priceza undisclosed undisclosed - undisclosed 2010 CyberAgent Ventures (A) Hubert Burda Media (B) Eatigo undisclosed $15.5M $15.5 M+ undisclosed 2013 TripAdvisor (B) THAILAND FUNDED STARTUP LIST : SERIES C&B Seed Series A Series B Series C Exit COPYRIGHT 2017 TECHSAUCE CO.,LTD

40. HTTP://TECHSAUCE.CO THAILAND FUNDED STARTUP LIST : SERIES A Seed Series A Series B Series C Exit 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors Claim Di undisclosed $2 M $2 M+ undisclosed 2000 Cyber Agent Venture (A), 500 Startups (S&A), Golden Gate Ventures (S&A), Mike Prasad (S), Takeshi Ebihara (Rebright Partners) (S), Samer Karam (S), T(ommy Chia (Super Aces Ventures) (S), Ravi Agarwal (engageSpark). (S), dtac Accelerate (A), Double A (A) Deep Pocket  (T2P) undisclosed undisclosed undisclosed undisclosed 500Startups (S) , 500Tuktuks (S) , Benchachinda Group (S), J Venture (A) Digio undisclosed undisclosed undisclosed Invent (A) Eko $1 M $5,7 M $2 M $8.7 M undisclosed 2012 500 Startups (S), Tigerlabs (S), Wavemaker Labs (S), Gobi Partner (A,A2)  ITOCHU (A2) Eventpop $500 K undisclosed $ 500 K+ undisclosed 2015 KK Fund (S), Opt SEA(S), Hirokazu Mashita(S), Ittipat Peeradechapan (S), InVent (A), Beacon (A) COPYRIGHT 2017 TECHSAUCE CO.,LTD

41. HTTP://TECHSAUCE.CO THAILAND FUNDED STARTUP LIST : SERIES A Seed Series A Series B Series C Exit 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors FavStay $ 2.9 M $2.9 M undisclosed 500TukTuks (A), Dusit Thani (A) Finnomena undisclose d $ 3.2 M $ 3.2 M+ undisclosed 2016 Krungsri (A), Benchachinda (A)  500TukTuks (S,A),dtac(pre-S) Getlinks $125 K $500 K undisclosed $625 K+ undisclosed 2015 500 Startups(S2), CyberAgent Ventures(S), Axis Capital Partners (A), Wellesleys (A) Giztix undisclose d $ 1.65 M $ 1.65 M+ undisclosed 2015 AddVentures (A), WaveMaker (A), KKfund (S), 500Tuktuks(S,A), dtac (pre-S) HotelQuickly $1.16 M $4.5 M $5.66 M undisclosed 2012 Boon Hwee Koh (A), GREE (A2), William E. Heinecke (A) Ini3 undisclosed undisclosed undisclosed 2004 SoftBank Ventures Korea JetRadar $10 M $10 M undisclosed 2009 iTech Capital (A) COPYRIGHT 2017 TECHSAUCE CO.,LTD

42. 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors Medical Depatures $2.5 M $ 2.5 M undisclosed 2014 DMP(A), Hubert Burda Media(A), CyberAgent Ventures(A), OPT SEA(A) Orami $15 M $ 15 M $ 30 M undisclosed 2016 Sinar Mas Digital Ventures (SMDV), Gobi Partners, Facebook Co- founder, Ardent Capital, Velos Partners Playbasis $23 K $350 K $770 K $1.8 M $2.943 M undisclosed 2012 Adrian Vanzyl (S1), Ardent Capital (S2), Khailee Ng (S3), 500 Startups (S3 & A), Axis Capital Corp (S3), Cherubic Ventures (S3 & A), InVent (A) Sendit undisclosed undisclosed undisclosed 2015 Ascend Capital (A) Stamp undisclosed undisclosed undisclosed 2015 Golden Gate Ventures (A), Altpoint Ventures (A) Work Venture $420 K $ 3.6 M $ 4.02 M undisclosed 2014 Sommaphat Traisorat (S)  undisclosed for Series A Zanroo $ 7.4M $ 7.4 M undisclosed ShiftVenture (A) Zilingo $1.88 M $ 8 M $9.8M undisclosed 2015 Sequoia Capital (S,A) Susquehanna International Group (A) Venturra Capital (A) BEENEXT (A) Beenos Partners (A) Digital Garage (A) Wavemaker Partners (A)  Kunal Shah (S) Sandeep Tandon (S) Teruhide Sato (S) HTTP://TECHSAUCE.CO THAILAND FUNDED STARTUP LIST : SERIES A Seed Series A Series B Series C Exit COPYRIGHT 2017 TECHSAUCE CO.,LTD

43. HTTP://TECHSAUCE.CO THAILAND FUNDED STARTUP LIST : SEED FUNDING 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors Anipipo $104.29 K $104.29 K undisclosed 2011 Kentaro Sakakibara (S), Samurai Incubate (S) Appy Hotel $500 K undisclosed $500 K+ $2 M 2013 Unlimited Capital (S & A) Asiola undisclosed - undisclosed 500 TukTuks (S) Blisby $300 K $300 K undisclosed 2013 500 Startups (S), DeNA (S), East Ventures (S) Builk $400 K undisclose d $400 K+ undisclosed 2009 Project Planning Service PLC (S), Pawoot millconsteel Buzzcommer ce undisclosed - undisclosed 2014 East Ventures (S) COPYRIGHT 2017 TECHSAUCE CO.,LTD Seed Series A Series B Series C Exit

44. HTTP://TECHSAUCE.CO THAILAND FUNDED STARTUP LIST : SEED FUNDING 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors Cloud  Commerce undisclosed - undisclosed 2016 Pawoot Pongpitayapanu (S)  500Tuktuks (S) Chococard $300 K $300 K+ undisclosed SME Private Equity Trust by GSB Cookly undisclosed - undisclosed 2015 500TukTuks (S) DealCha undisclosed - undisclosed 2015 500TukTuks (S),Next Tech (S), SOLERA Investment (S), Robert Lomnitz (S) Deliveree undisclosed - undisclosed 2015 Ardent Capital (S), Inspire VEntures (S) Drivebot $112 K $ 112 K undisclosed 2013 Crowdfunded via Indiegogo DriveMate undisclosed - undisclosed 2016 500TukTuks (S), dtac (S) Event Carnival undisclosed - undisclosed 2014 East Ventures (S) EventBanana undisclosed - undisclosed 500TukTuks (S) COPYRIGHT 2017 TECHSAUCE CO.,LTD Seed Series A Series B Series C Exit

45. HTTP://TECHSAUCE.CO THAILAND FUNDED STARTUP LIST : SEED FUNDING 2011 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors Fastwork undisclosed - undisclosed 2016 500TukTuks (S), dtac (pre-S) Fixzy undisclosed $300 K undisclosed $ 300K + undisclosed 2015 Iyara VC (S1), Three undisclosed angels (S2),SCassest (S3) Freshket undisclosed - undisclosed 2016 500TukTuks (S), dtac (pre-S) Getlinks $125 K $500 K $625 K undisclosed 2015 500 Startups(S2), CyberAgent Ventures(S) Ginja undisclosed - undisclosed 500TukTuks (S) GolfDigg $700 K $700 K $2.8 M 2013 InVent Capital (S) GoWabi undisclosed - undisclosed 2015 500TukTuks (S) Hola undisclosed - undisclosed 2013 undisclosed Healthathome undisclosed - undisclosed 2015 dtac (pre-S) Muangthai Insurance (S) 500Tuktuks (S) HUBBA $350 K $350 K undisclosed 2012 500 Startups(S), 500 TuksTuks(S), Ardent Capital (S) Golden Gate Ventures (S)  Hipflat $335 K $335 K undisclosed 2012 8capital Partners (S), Chang Ng (S), Crystal horse Investments (S), Kris Nalamlieng (S) COPYRIGHT 2017 TECHSAUCE CO.,LTD

46. HTTP://TECHSAUCE.CO 201 1 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors IndieDish undisclosed - undisclosed dtac (pre-S),   500Tuktuk (S) Infinity Levels $500 K $500 K undisclosed 2013 InVent Capital (S) Jobtalents $100 K $100 K undisclosed 2013 Natavudh Pungcharoenpong (S), Sangboon Sangmanee (S), Polapat Udomphol (S) Jubjai $500 K $500 K undisclosed Magic Box Asia $300 K $300 K $3,358,338 2013 Quan (S), Natavudh Pungcharoenpong (S), Pawoot Pongpitayapanu (S), Suphachai Kanjanasakchai (S), East Ventures (S) Meditech Solution $160 K $160 K $562 K 2009 InVent (S) MoneyTable 1.5M $ 1.5 M undisclosed Kejora (S), K2Venture (S) Chualapayap Srikarnchana (S) Chatchaval Jiaravanon (S) Nasket $150K $150K undisclosed OneStockHome undisclosed - undisclosed 2009 500TukTuks (S) THAILAND FUNDED STARTUP LIST : SEED FUNDING COPYRIGHT 2017 TECHSAUCE CO.,LTD Seed Series A Series B Series C Exit

47. HTTP://TECHSAUCE.CO 201 1 2012 2013 2014 2015 2016 2017 Total raised Valuation Founded Investors Page 365 $109 K $420 K $529 K undisclosed 2012 Galaxy Ventures (S2), Inspire Ventures (S) PeakEngine $20 K $20 K undisclosed 2014 True Incube (S), M8VC (S) PenguinT undisclosed - undisclosed 500Tuktuk (S) Piggipo $70 K undisclosed $70 K+ undisclosed 2013 Ookbee (S), dtac (S), 500TukTuks (S),   GoldenGate Venture (S) PlanforFit undisclosed - undisclosed muru-D (S), RCL Accelerator (S) Ricult undisclosed - undisclosed dtac (pre-S)  500 TukTuks (S) Seekster undisclosed undisclosed undisclosed Digital Ventures (S)  dtac (S)  500 TukTuks (S) Skilllane undisclosed undisclosed - undisclosed 2014 Metaliq Growth Partners (S)  Ittipat Peeradechapan (S2)  500Tuktuk (S1) Social Nation 500K undisclosed       $ 500 K + undisclosed 2014 InVent (S), BDMI (S), Danhua Capital (S), Greycroft Partner (S), Index Ventures (S), Suisse Capital Global Management, Virtual Reality Investments (S), Wonder Ventures (S) STYLHUNT $25 K $500 K       $525 K undisclosed 2014 500 TukTuks (S2), CyberAgent Ventures (S2), Expara IDM Ventures (S2), Singapore Angel Network (S2), JFDI.Asia (S1)  Paul Pattarapon Sinlapajan Tourkrub undisclosed   - undisclosed 2014 500TukTuks (S) THAILAND FUNDED STARTUP LIST : SEED FUNDING COPYRIGHT 2017 TECHSAUCE CO.,LTD

48. VENTURE CAPITAL & INVESTOR HTTP://TECHSAUCE.CO

49. HTTP://TECHSAUCE.CO 2012 2013 2014 Undisclosed Undisclosed 7 M (Annually) 25 M Undisclosed Undisclosed Undisclosed Undisclosed 12.7 M COPYRIGHT 2017 TECHSAUCE CO.,LTD 2015 10 M 9.3 M 10 M VC FUNDS RAISED IN 2012 -2017 AT LEAST $ 305.778 M

50. HTTP://TECHSAUCE.CO COPYRIGHT 2017 TECHSAUCE CO.,LTD VC FUNDS RAISED IN 2012 -2017 AT LEAST $ 305.778 M 2016 50 M 2017 45 M 2.868 MUndisclosed Undisclosed 19.96 M30 M 4.3 M L 30 M 14.65 M UndisclosedUndisclosed Undisclosed Undisclosed Undisclosed

51. MOST ACTIVE VCs IN THAILAND HTTP://TECHSAUCE.CO 2 0 1 1 2 0 1 2 2013 2014 2015 2016 2017 Total deal Portfolio companies 500 Startups 6 3 3 12 Playbasis (S3 &A),Pomelo (S) Taamkru (S), HUBBA (S), Blisby(S), ClaimDi (S,A),Eko (S), Yogatrail (S), Omise (A), getlinks(S), Deep Pocket (S) 500 TukTuks 10 12 17 48 Blisby (S), HUBBA (S), Omise (B),Flowaccount (S), Skootar (S), Wisebeer (S), Takemetour (S), Stylhunt (S), Washbox24 (S),ClaimDi (A)    Piggipo (S), DeepPocket (S,A), Fastwork (S), GizTix (S,A), Ginja (S), TicketBox (S), Finnomena (S,A), OneStockHome (S), Skilllane (S2), StockRadars (S),Pomelo(A), Cloud Commerce (S)    Cookly(S),Freshket(S),Favstay(A),Tourkrub(S),Asiola(S), Baania (S), Drivemate (S), Seekster (S), IndieDish (S), Event Banana (S), Ricult (S), Health at Home (S), DealCha (S), Gowabi (S), PenguinT (S) 8capital Partners 1 1 Hipflat (S) AddVentures 1 1 Giztix (A) Alpha Founders 1 1 ASK Haunman (S) Altpoint Ventures 1 1 Stamp (A) Amun Capital 1 1 2C2P (C) Ardent Capital 1 2 2 1 6 Playbasis (S2 &S3), Whats New Asia (S), Deliveree (S), HUBBA (S), Orami (A) Ascend Capital 2 1 3 Omise (A,B), Sendit (A) Asia Pacific Capital 1 1 aCommerce (A) Axis Capital Corp 1 1 1 Playbasis (S3), Getlink (A) Beacon VC 2 2 Flow account (S2), Eventpop (A) BEENEXT 1 1 Zilingo (A) Benchachinda Group 1 1 2 Deep Pocket (S), Finnomena (A) COPYRIGHT 2017 TECHSAUCE CO.,LTD

52. 2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies Beenos Partner 1 1 Zilingo (A) Blue Sky Venture 1 1 2 aCommerce (A4,B) Central Group 1 1 Pomelo (B) Cherubic Ventures 1 1 Playbasis (S3 &A) Crystal Horse Investments 1 1 Hipflat (S) CyberAgent Ventures 2 1 2 2 7 aCommerce (S &A), Priceza (A), StockRadars (S), Medical Departures (A), ClaimDi (A), getlinks(S) DeNA 1 1 Blisby (S) Digital Media Partners (DMP) 1 1 1 1 4 2C2P (A) WearYouWant (A) & (B), Medical Departures (A) Digital Garage 1 1 Zilingo (A) Digital Ventures 1 3 4 Ripple*, Pulse ID*, IndoorAtlas*, Paykey*, Seekster (S)  * Not Thai companies MOST ACTIVE VCs IN THAILAND HTTP://TECHSAUCE.CO COPYRIGHT 2017 TECHSAUCE CO.,LTD

53. HTTP://TECHSAUCE.CO MOST ACTIVE VCs IN THAILAND 2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies DKSH 1 1 1 3 aCommence (A3,A4,B) dtac 1 4 6 11 12 34 Fast in flow(pre-S),Piggipo(S),StoryLog(pre-S),DriveBot(pre-S),ClaimDi, (A),Skootar(pre-S),TakeMeTour(pre-S),SuperRFQ(pre-S),GizTix(pre- S),TechFarm(pre-S),ZmyHome(pre-S), Finnomena(pre-S), WearandShare(pre-S), Fabbrigade(pre-S), Savinsure(pre-S), Freshket(pre-S), Fastwork(pre-S), CloudCommerce(pre-S), Health at Home(pre-S), Visionear(pre-S), PlanforFit (pre-S), Eventpass(pre-S  Drivemate (S), Seekster (S)  Cookly (pre-S), Creden (pre-S), Globish (pre-S), IndieDish (pre-S), Ricult (pre-S), ScoutOut (pre-S), Senseino (pre-S), Shiftspace (pre-S), Tixget (pre-S), Tourkrub (pre-S) Dusit Thani 1 1 FavStay(A) Emerald Media 1 1 aCommerce (B) Expara Ventures 1 1 Stylhunt (S) Fenox Venture Capital 1 1 2 Pomelo (S1 & S2) Galaxy Ventures 1 1 Page 365 (S) GMO Partners 1 1 2 2C2P (B&C) COPYRIGHT 2017 TECHSAUCE CO.,LTD

54. HTTP://TECHSAUCE.CO MOST ACTIVE VCs IN THAILAND 2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies Gobi Partners 1 1 1 3 Eko (A,A2), Orami Golden Gate Ventures 1 1 4 1 1 8 Noonswoon (S), HUBBA (S), ClaimDi (S,A), Omise (A,B), Stamp (A), Piggipo (S), Flowaccount (S2) GREE 1 1 Hotel Quickly (A2 Hubert Burda Media 2 2 Medical Departures (A), Priceza (B) iCar Asia 1 1 One2car (Acquisition) IMJ Investment Partners 2 2 Taamkru (S), WearYouWant (A) Inspire Venture 2 2 4 aCommerce (A &A2), Page 365 (S) deliveree (S) InVent 1 2 1 3 3 3 13 Ookbee (A), Meditech (S),Computerlogy (A), Golfdigg (S), Infinity Levels (S), Sinoze (S), Playbasis (A), ShopSpot (S), Wongnai (B),   Social Nation (S), Digio (A), Shopback* (A), Eventpop (A)    *SG startup iProperty Group 1 1 ThinkofLiving (Acquisition) iTech Capital 1 1 JetRadar (A) ITOCHU 1 1 Eko (A2) J Venture 1 1 Deep Pocket (A) JD.com 1 1 Pomelo (B) JFDI.Asia 1 2 3 Shopspot (S), Rushbike (S), StylHunt (S) COPYRIGHT 2017 TECHSAUCE CO.,LTD

55. HTTP://TECHSAUCE.CO MOST ACTIVE VCs IN THAILAND 2011 2012 2013 2014 2015 2016 2017 Totaldeal Portfolio companies JL Capital 1 1 aCommerce (A) Jungle Ventures 1 1 1 3 Shopspot (S), Pomelo (S,A) K2Ventures 1 1 Money Table (S) Kejora 1 1 Money Table (S) Krungsri 2 2 Finnomena (A), Omise (B+) KK Fund 2 2 Eventpop(S), Giztix (S) Lombard Private Equity 1 1 Pomelo (B) M8VC 1 1 PeakEngine (S) Muangthai Insurance (S) 1 1 HealthatHome (S) M&S Partners 1 1 Taamkru (S) MDI Ventures 1 1 2 aCommerce (A4,B) COPYRIGHT 2017 TECHSAUCE CO.,LTD

56. HTTP://TECHSAUCE.CO MOST ACTIVE VCs IN THAILAND 2011 2012 2013 2014 2015 2016 2017 Totaldeal Portfolio companies Metaliq Growth Partners 1 1 SkillLane (S) Millconstell 1 1 Builk (?) Monk’s Hill Venture 1 1 Playlab (B) Muru-D 1 1 Planforfit (S) NTT Docomo Ventures 1 1 2 aCommerce (S &A) Next Tech 1 1 DealCha (S) Ookbee 3 3 Taamkru (S), Piggipo (S), Ticketbox OPT SEA 1 1 2 4 WearYouWant (A) & (B1), Eventpop(S),Medical Departures (A) Priceza 1 1 Primecapture (S) Project Planning Service (PPS) 1 1 Builk (S) Provident Capital Partners 1 1 Pomelo (B) Quan 1 1 Magic Box Asia (S) Queensbridge Venture Partners 1 1 Pomelo (S) COPYRIGHT 2017 TECHSAUCE CO.,LTD

57. HTTP://TECHSAUCE.CO MOST ACTIVE VCs IN THAILAND 2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies Recruit Holdings 1 1 Wongnai (A2) Recruit Strategic Partners 1 1 Wongnai (A) Sansiri 6 6 Standard International, Hi-End, One Night, Hostmaker,JustCo, Farm shelf, Monocle  *** Not Thai companies SC Asset 1 1 Fixzy (S3) Sebrina Holdings 1 1 WearYouWant (B2) Sequola Capital 1 1 2 Zilingo (S,A) Samurai Incubate 1 1 Anipipo (S) SBI Investment 1 1 2 Omise (B), Flowaccount (S2) ShiftVenture 1 1 Zanroo(A) SMDV 1 1 2 4 aCommerce (A &A2), Omise (A,B), Orami (A) Singtel Innov8 1 1 2 Shopspot (S2) Softbank Ventures Korea 1 1 ini3 (?) SOLERA Investment 1 1 DealCha (S) Start Today 1 1 WearYouWant (B1) Sumitomo Equity Corporation Asia 1 1 aCommerce (A) Susquehanna Int.Group 1 1 Zilingo(S,A) COPYRIGHT 2017 TECHSAUCE CO.,LTD

58. HTTP://TECHSAUCE.CO MOST ACTIVE VCs IN THAILAND 2011 2012 2013 2014 2015 2016 2017 Total deal Portfolio companies Tencent Holdings 1 1 Ookbee (C) Tigerlabs 1 1 Eko (S) Transcosmos 1 1 Ookbee (B) TripAdvisor 1 1 Eatigo (B) True Incube 2 1 3 Sellsuki (S), PeakEngine (S) Unlimited Capital 1 1 2 Appy Hotel (S & A) Ventura Capital 1 1 Zilingo (A) Velos partners 1 1 Orami (A) Wavemaker 1 1 1 3 Eko (S), Zilingo (A), Giztix (A) Wellesleys 1 1 Getlink (A) COPYRIGHT 2017 TECHSAUCE CO.,LTD

59. HTTP://TECHSAUCE.CO MOST ACTIVE ANGELS IN THAILAND COPYRIGHT 2017 TECHSAUCE CO.,LTD Andre Hoffmann Andre Vranjes Chang Ng Chintaka Ranatunga Chualapayap Srikarnchana Dave McClure Eduardo Saverin Hirokazu Mashita Ittipat Peeradechapan Jakob Lykkegaard Jonathan PriceChatchaval Jiaravanon

60. HTTP://TECHSAUCE.CO MOST ACTIVE ANGELS IN THAILAND COPYRIGHT 2017 TECHSAUCE CO.,LTD Julien Chalte ken Sakakibara Khailee Ng Koh Boon Hwee Kris Nalumlien Kunal Shah Mike Prasad Natavudh Pungcharoenpong Paul Pattarapon Pawoot Pongvitayapanu Piyaphan WongyaraKimura Shinji FRT

61. HTTP://TECHSAUCE.CO MOST ACTIVE ANGELS IN THAILAND COPYRIGHT 2017 TECHSAUCE CO.,LTD Polapat Udomphol Ravi Agarwal Samer Karum Sangboon Sangmanee Sommaphat Traisorat Songphon Chaovanayothin Supachai Kanjanasakchai Sven Ernst Takeshi Ebihara Teerachart Kortrakul Teruhide SatoSandeep Tandon

62. HTTP://TECHSAUCE.CO MOST ACTIVE ANGELS IN THAILAND COPYRIGHT 2017 TECHSAUCE CO.,LTD Tiwa York Toivo Annus Tommy Chia Vinnie Lauria Watchara Kaewsawang William E Heincke Yod ChinsupakulVachara Aemavat

63. ABOUT TECHSAUCE HTTP://TECHSAUCE.CO Techsauce is Thailand's leading technology business media and publication. We are the source for reliable, insightful news, analysis and opinion pieces on startups in Thailand and SEA. In addition, Techsauce is the creator of Techsauce Global Summit – First-ever Global Tech Summit in Southeast Asia COPYRIGHT 2017 TECHSAUCE CO.,LTD