AddVentures by SCG continues to invest to support "Vertex Ventures" in developing ASEAN potential startups and creating new SCG businesses.

AddVentures by SCG is moving forward with its Fund of Funds, continuously investing in "Vertex Ventures," a world-class fund in ASEAN, aiming to screen potential startup investments to create new SCG businesses while enhancing the startup ecosystem in the region.

Dr. Joshua Pass, Managing Director of AddVentures, revealed that AddVentures has been consistently investing in a Fund of Funds. Currently, it is in the process of investing in Vertex Ventures SEA Fund III, the third fund of Vertex Ventures, which focuses on investing in Series A level startups in Southeast Asia and India. This fund is among the largest in ASEAN at present, utilizing expertise, in-depth research data, and value-adding operations through the team's network.

“The reason we chose to invest in Vertex Ventures is due to its strong performance. The first two funds have excellently screened startup investments, resulting in a portfolio of strong and interesting startups. At the same time, Vertex Ventures has a direction of investing in early-stage disruptive technology startups that aligns with AddVentures' direction,” Dr. Joshua said.

Additionally, Vertex Ventures has a network of knowledgeable and experienced individuals in the technology and venture capital sectors, with funds under management in Israel, the United States, and China. Vertex Ventures has also created a Venture Capital Platform with various General Partners (GPs) in each country.

Dr. Joshua further stated that Vertex Ventures SEA Fund III is the first fund of Vertex Ventures that allows external Limited Partners (LPs) to invest. The operational method is to select investments in 20 potential startups throughout the fund's duration and create follow-on investment opportunities in companies with high growth potential. This investment is expected to benefit AddVentures' co-investment at the Series A level.

Furthermore, AddVentures continues to seek opportunities to access innovative startups in the enterprise sector through commercial collaborations and may consider leveraging those innovations to develop businesses with core businesses or create new businesses for SCG. It believes that these actions will positively impact the direction of AddVentures and SCG, as well as contribute to the growth of the startup ecosystem in Thailand and Southeast Asia.

Previously, AddVentures announced its first Fund of Funds investment in Wavemaker SEA Fund II, the second fund of Wavemaker Partners, which is another leading fund with a global network in Southeast Asia, to enhance startup investments in the B2B sector in the region.

AddVentures by SCG officially launched on June 8, with the primary objective of promoting and investing in startups both in Thailand and globally, enabling SCG to connect new innovations to enhance its competitive capabilities, while also providing consumers with better and faster products and services that meet the needs of improving quality of life. It plans to invest through both funds (Venture Capital) and direct investments in startups in Thailand, ASEAN, and global technology hubs such as Silicon Valley in the USA, Tel Aviv in Israel, and Shenzhen in China, focusing on technologies that address three main groups: 1. Enterprise 2. Industrial 3. B2B, which align with SCG's core business in three groups: 1. Cement and construction products 2. Chemicals 3. Packaging.

Global startups interested in collaborating with AddVentures can find more details at www.addventures.co.th and facebook.com/AddVenturesbySCG or LinkedIn: AddVentures by SCG.

Thank you for the information from www.addventures.co.th.