Vitavin Ittipanuvat: Vertex Ventures bullish on Thai startups due to their reasonable cash burn, valuations

| 17 Mar 2023

"Thailand's homegrown startups generally do not take for granted that there will be a next round of financing after Series A, and therefore founders tend to focus more on capital efficiency and growth on a more balanced approach. As a result, they have a relatively lower burn rate and more modest valuation expectations."

Our Executive Director Vitavin Ittipanuvat spoke to Deal Street Asia about Vertex Ventures Southeast Asia & India's investment mandate, our investment into Thailand, and why Vertex is so bullish on the country.

Vitavin believes that Thai startups have lower and more reasonable valuatione expectations than those in Singapore, Indonesia, or Vietnam, and Thailand will see fewer down-rounds because of this.

Read the full feature here to learn more.

**For the latest news on Vertex Ventures SE Asia and India and our portfolio companies, follow us on Linkedin or** subscribe to our monthly newsletter.


Vertex Ventures Southeast Asia and India is part of the Vertex global network of funds.

In addition to Southeast Asia and India, the Vertex Global Network is comprised of affiliates in China, Israel, Japan, and the US. This provides a unique platform for our portfolio companies to realize their full potential by leveraging the combined experience and resources of our extensive network of global partners.

250 North Bridge Road, #09-01

Raffles City Tower,

Singapore 179101

+65 6828 8088

© 2022 by Vertex. All rights reserved. Legal