Chayadhorn Taepaisitphongse, chief strategy and innovation officer of BTG and managing director of Betagro Ventures / Photo credit: Betagro Ventures
Thai foodtech company Betagro has launched its corporate venture arm Betagro Ventures, which covers both venture capital investments and venture building activities for the firm.
The VC arm will focus on projects that tackle consumer access to safe and high-quality foods, support green protein sources, and create green agrifood supply chains.
To aid these projects, Betagro Ventures has created a US$30 million venture fund focusing on early-stage foodtech and agritech startups.
In addition to financial backing, the fund will provide chosen startups access to the Betagro network, which lets them tap into the company’s industry knowledge and opens them up for potential partnerships.
“Betagro Ventures will be a key mechanism in propelling Betagro’s businesses into a new era of sustainable growth,” said Chayadhorn Taepaisitphongse, chief strategy and innovation officer of Betagro and managing director of Betagro Ventures, in a statement.
As a group, Betagro had invested in startups such as Thai agritech firm FreshKet in 2022 and Hamburg-based alternative meat firm Infinite Roots in January 2024.
According to a report from Boston Consulting Group, Thailand is home to the smallest number of startups among Southeast Asian countries. Yet, the nation is the region’s second-largest economy in terms of gross domestic product.
See also: Line Man Wongnai looks beyond food delivery in quest to become the GoTo of Thailand
Editing by Miguel Cordon and Jaclyn Tiu
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