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InnoSpace Thailand
Teerawut Thavigarn leads InnoSpace Thailand, a Bangkok-based venture firm backed by a consortium of major Thai corporations and banks writing seed-stage...
InnoSpace Thailand
InnoSpace Thailand operates as a domestic venture-capital firm anchored by an unusually broad coalition of Thailand's most influential corporations and financial institutions. Its consortium model centers on PTT Public Company Limited, Siam Cement Group, CP Group, and Thai Beverage—alongside Bangkok Bank, Kasikornbank, Krungthai Bank, Siam Commercial Bank, Government Savings Bank, and SME D Bank. The Stock Exchange of Thailand participates through its LiVE Fin Corp subsidiary, and public agencies including the National Innovation Agency and the National Science and Technology Development Agency serve as strategic partners. The firm targets early-stage investments, primarily at the seed and start-up phases, across Thai-headquartered companies. Its mandate spans enterprise software, fintech, digital health, agri-tech, and energy transition—sectors that align with the commercial interests of its consortium members. InnoSpace Thailand evaluates companies that can plug into the supply chains, distribution networks, or corporate venture units of its backers, creating a structured pathway from minority investment to commercial partnership. Teerawut Thavigarn is the firm's founder and Chief Executive Officer, also serving as Head of Investment. Teerapon Tanomsakyut represents CP Group interests on the board. The firm's office sits on the 26th floor of the Samyarn Mitrtown Office Tower in central Bangkok. Adjacent ecosystem linkages include a collaboration with the Federation of Thai Industries on the Innovation One fund, a vehicle aimed at aligning startup growth with Thailand's national industrial development priorities. The structural differentiator for InnoSpace Thailand is its consortium architecture. Rather than raising capital from institutional limited partners or a single family office, the firm draws committed capital and pipeline access from a standing group of Thailand's largest corporate and banking entities. This means portfolio companies enter the program with pre-existing commercial relevance to at least one major Thai business unit, a sourcing model few regional competitors can replicate outside of Japan and South Korea's corporate-venture traditions.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Thailand
City
Bangkok
Corporate office
944 Mitrtown Office Tower, 26th Floor, Suite S26069, Rama IV Road, Wangmai, Pathumwan, Bangkok 10330, Thailand
Principals
Teerawut Thavigarn
Chief Executive Officer and Head of Investment
Teerapon Tanomsakyut
Director
Sector focus
Frequently asked questions
Who runs investment decisions at InnoSpace Thailand?
Teerawut Thavigarn, the firm's founder, serves as Chief Executive Officer and Head of Investment, making him the central decision-maker on both firm strategy and individual investment committee outcomes. CP Group's interests on the board are represented by Teerapon Tanomsakyut. Investment decisions are likely run through an internal committee that draws on the commercial expertise of the consortium's member corporations.
How does InnoSpace Thailand source proprietary deal flow?
The firm's consortium structure gives it a direct line to deal flow emerging from the supply chains, corporate venture units, and strategic innovation mandates of its limited-partner base. Startups seeking commercial contracts with PTT, SCG, CP Group, ThaiBev, or any of the four major banks frequently surface through those relationships. The partnership with the National Innovation Agency and Federation of Thai Industries further extends its visibility into grant-funded and policy-supported early-stage companies.
Is InnoSpace Thailand structured as a family office or a venture firm?
InnoSpace Thailand operates as a venture-capital firm, not a family office. It manages capital pooled from a consortium of Thailand's largest industrial conglomerates and financial institutions, deploying that capital into early-stage Thai startups. Its structure more closely resembles a corporate-venture-backed independent fund than a single-family investment vehicle.
What investment stages does InnoSpace Thailand target?
The firm writes checks at the seed and start-up stages. This places its engagement at the earliest institutional entry point for Thai technology companies, typically before a Series A round. Its corporate backers often provide the first commercial pilot or scaling contract that a portfolio company needs to graduate from seed to growth-stage financing.
Which sectors does InnoSpace Thailand explicitly avoid?
There is no public exclusion list, but the firm's portfolio focus tracks sectors where its consortium members maintain commercial operations. Heavy manufacturing outside energy-transition materials, consumer-packaged goods decoupled from ThaiBev or CP Group distribution, and hard infrastructure projects are unlikely to fit its mandate, which skews toward technology-enabled businesses with near-term corporate-adoption potential in Thailand.
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