Thai VC fund invests in 5 Southeast Asian tech startups

Thailand-based Orzon Ventures has announced its first five investments since it was launched in October 2021. However, deal sizes for these investments were not disclosed.

Orzon Ventures is a collaboration between PTT Oil and Retail Business (OR) and 500 Global, and it is focused on funding Southeast Asian startups for their series A or B raises. Players in the mobility, food and beverage, travel, health, and wellness sectors are among the types of firms on its radar.

OR CEO and president Jiraporn Khaosawad / Photo credit: OR

Here are the first five firms in Orzon Ventures’ portfolio:

Pomelo – Launched in 2013, Pomelo is a regional ecommerce platform that features 500 brands and a “tap, try, buy” concept in some territories. 

Carsome – Founded in 2015, Carsome is an online marketplace for used cars. It has branches in Malaysia, Indonesia, Thailand, and Singapore.

Freshket – Founded in 2016, Freshket is an online food supply chain platform for businesses and households in Thailand. It connects its 10,000 customers with the 7,000 fresh and dried food suppliers on its platform.

GoWabi – Founded in 2016, GoWabi is a health and wellness services platform in Thailand. It links customers to service providers and has price comparison, review, and rating mechanisms. It also offers a software-as-a-service management tool for its providers.

Protomate – Protomate is a Thailand-based hardware AI startup that produces consumer electronic products in the transportation and logistics space.