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Startup Ecosystem

In 2019, Thailand's community has grown stronger and more diversed, as it has been successful
in attracting new talent to build the startup community.

Thailand is the main market of unicorns within the Asian region, especially in the fields of service
and e-commerce. 
Most Thai startups that raise funds in 2019 had strong business fundamentals
and good strategies during a time of crisis.

Startups that have grown already, continue to raise funding. Thai startups at the Series A level
are more ready to raise funding to reach the Series B level. Thailand has Series C startups
that have already set up large headquarters in Thailand and more are expected to do so in 2020.

Thai corporations continue to play an important role in investing in startups at the growth stages,
both in the form of fund-of-fund (FOF) and direct investment. Meanwhile traditional Venture Capital 
firm continue to play an important role in supporting startups at the pre-seed to Series A levels.
As well as foreign investors that will continue to consider investing in Thailand as there is a room
within the value chain of the global market that Thai business can fit into.




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