This is a unique investment round which involves co-investment among Thai corporate VCs (CVC) from different industries. Beacon Venture Capital, the VC fund of Kasikornbank (SET: KBANK) also participated in the round.

InVent, a VC arm of Intouch Holdings Public Company Limited (SET: INTUCH) has invested in Series A financing round of payment and e-wallet technology startup Digio (Thailand) Co., Ltd. Digio and Intouch aim to tap onto the rapidly growing e-payment market in Thailand and Southeast Asia.

The financing includes participation from investors such as Index Ventures, Virtual Reality Investment Fund, Greycroft Ventures and other strategic investors. Social Nation is a successful advertising technology startup co-founded by a Thai entrepreneur in the Silicon Valley. Social Nation will use the funds to accelerate its growth to achieve the goal to be the premier virtual reality and 360° video advertising and distribution platform.