- Thai food giant Betagro launches $30M VC arm.
- Betagro Ventures bets on foodtech, agritech startups.
- Fund provides capital, industry expertise, partnerships.
Putting their money where their mouth is
Thai food conglomerate Betagro has launched a $30 million venture capital fund called Betagro Ventures.
The new VC arm will invest in early-stage food technology and agricultural technology startups, focusing on projects that improve access to safe, high-quality foods, support alternative protein sources, and create sustainable agri-food supply chains.
More than just money
In addition to capital, Betagro Ventures will provide portfolio companies with access to Betagro’s vast industry expertise and network, opening the door for potential partnerships.
“Betagro Ventures will propel Betagro’s businesses into a new era of sustainable growth,” said Chayadhorn Taepaisitphongse, Betagro’s chief strategy officer and the managing director of Betagro Ventures.
Betagro has already invested in agritech companies like Thailand’s FreshKet and alternative protein pioneers Infinite Roots.
While a BCG report found Thailand has the smallest startup ecosystem in Southeast Asia, as the region’s second-largest economy, Betagro is clearly bullish on homegrown innovation.
To read the original article: https://www.techinasia.com/startups-gain-financial-support-betagros-sustainability-fund
