Creative Ventures, the US-based venture capital firm established by Thai founder Champ Suthipongchai, is planning to close its second fund at $50 million by the end of 2020.
The firm launched the fund in late 2017. Suthipongchai, who is also the firm’s managing partner, attributed the extra time taken for fundraising to extended discussions with institutional investors.
Creative Ventures is focused on deep-tech investments in non-internet sectors. It has raised over 50 per cent of the total corpus from Asian investors based in Thailand, Singapore, Hong Kong, and Taiwan, Suthipongchai said.
Investors in the second fund so far comprise family offices and conglomerates that include prominent names such as Singha Ventures, BCH Ventures, V Ventures, and Itthipat Peeradechaphan.
